All articles by Katie Scott – Page 32
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NewsMark Farmer: Insurance and construction sectors ‘need to get closer together’ on MMC
Underwriters must work with construction businesses to understand how modern methods of construction aim to eliminate randomised and systemic risks
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NewsTesco Underwriting appoints interim chief executive
The new hire replaces outgoing boss Steve Kingshott
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NewsSabre Insurance chiefs sell shares
Both c-suite executives made £10,968.62 by disposing of shares
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NewsGovernment confirms Solvency II reform to provide ‘more proportionate and flexible’ regulation
HM Treasury has announced that a reform package will be ‘implemented as soon as possible’
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NewsLuigi Maggio: Brokers must ‘be much better prepared for clients’ due to homeworking lag times
Moving forward, brokers need to navigate clients’ ‘wariness’ of the insurance sector following the FCA’s business interruption test case
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NewsAviva investor Cevian Capital seeks director appointment
The activist investor believes ‘Aviva has been poorly managed for many years’
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IT InterviewNew director spearheads general commercial business at wheels broker McCarron Coates
Kennett Insurance Brokers’s former managing director joins Ian McCarron and Paul Coates to form ‘the three musketeers’ of commercial broking
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IT InterviewMark Pierce: HNW sector experiencing claims cost uptick due to ‘sharp increase in building costs’
However, the sector is already returning to in-person visits so clients can access ‘the hands-on, professional approach and experience of an adjuster’
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NewsSuez Canal Authority claim hearing potentially adjourned after ‘long and arduous’ negotiations
The ship’s indemnity insurer is hoping to “take the necessary time to reach a final and amicable solution that satisfies all parties”
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NewsCFC Syndicate 1988 starts trading
The business believes it is the first independent MGA of scale to establish a Lloyd’s syndicate
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FeaturesBrokers that failed to invest in tech pre-pandemic ‘exploited’ by rivals – Aviva
Etrading commercial combined policies presents a “key opportunity” as brokers look to digitally trade more complex covers moving forward, says expert panel
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NewsLonmar Professions appoints divisional director from Gallagher
The new hire, who will have a retail focus upon joining the firm, has more than 30 years of industry experience
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NewsAon-WTW merger allows for ‘combination of complementary solutions’ – GlobalData
The data and analytics firm disagrees with the US Department of Justice’s stance that the acquisition would result in higher prices, reduced quality and less competition
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FeaturesBriefing: Test case was tip of the iceberg as insurers continue to wade through BI claims
Time flies when your claims function is inundated with business interruption claims – this week marks a year since the FCA’s initial test case hearing
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NewsUS Department of Justice files lawsuit against Aon-WTW merger
Attorney general says the legal action displays the department’s ‘commitment to stopping harmful consolidation’
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NewsNuvalaw launches to UK market following successful pilot programmes
The claims resolution business is ready to ‘fill the void of the lack of ADR’ in the Official Injury Claim portal
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NewsInsurers have paid more than £750m in interim and final BI payments to date
The FCA calculates that 20,347 policyholders out of 37,702 who have had BI claims linked to the test case action accepted have received at least an interim payment so far
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NewsConsumer group questions extent of Covid cover in travel policies
Analysis of 263 travel insurance policies reveals that only 3% of policies protect against policyholders failing to travel due to a need to quarantine on their return
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IT InterviewJeffrey Skelton: Industry could be entering ‘renaissance period’ for new insurance products
Plus, the FCA’s general insurance pricing reform has encouraged brokers to use data enrichment at renewal to ensure prices are ‘accurate’ says Europe MD
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NewsRSA hasn’t ‘missed a beat in terms of service’ to brokers, but survey results differ
Chief executive for UK and international admits that the insurer needs ‘to keep pushing ourselves to do a better job for brokers’
