All articles by Katie Scott – Page 58
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NewsHastings ‘very pleased’ with share capital offer from investors
The deal recognises the ‘inherent value in the company’ adds Hastings’s group chief financial officer
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IT InterviewCovid-19 claims inflation expected for 2020 H2, says Hastings’s Worth
The firm’s group chief financial officer explained that increased claims severity seen in H1 could continue due to the national uncertainty surrounding the coronavirus pandemic
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NewsTrade union slams Co-op Insurance for 'betrayal' in selling to Markerstudy
The proposed sale of Co-op Insurance is expected to result in 200 job losses
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NewsPIB Group snaps up Leeds-based transport broker
The broker continues to build its niche offering with this latest acquisition
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NewsGRP buys renewal rights for seven books of business from Aon
The portfolios, which includes Aon’s Northern Ireland book, will be controlled by GRP’s hub brokers
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FeaturesHow Covid-19 has impacted personal injury claims
The success of remote medical examinations has divided industry professionals, while court backlogs are causing law firms to think outside the box in order to progress claims. Insurance Times takes a closer look at the lay of the land for personal injury claims and what the sector’s future could look ...
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NewsGuy Carpenter bolsters executive committee with three new members
The executive roles being filled include the newly created position of global head of distribution
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NewsAviation, tourism, oil and energy sectors face the biggest Covid-19 risks say insurers
A survey conducted by Gallagher highlighted the insurance portfolios that underwriters are most concerned about
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NewsPen Underwriting secures capacity deal to write 20% more premium for solicitors’ PI
The £100m deal started on 1 August
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NewsLV= launches monthly car insurance subscription
The online only product is the first under LV=’s new ‘Flow’ brand
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NewsHiscox ups Covid reserving in face of ‘largest insured loss in history’
Hiscox revised its reserving upwards alongside taking into account potential business interruption payouts; the insurer believes its exposure to Covid-related BI claims could be between £10m and £250m
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NewsArtificial intelligence will need regulatory governance for use in insurance processes
Panellists at an Insurance Times webinar highlighted that although artificial intelligence and machine learning will increase within the insurance sector, there will need to be governance introduced around it to ensure ‘the machines know what they’re doing’
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NewsRSA improves underwriting profit by 33% for 2020 H1
The insurer added within its H1 trading results that although ‘business interruption coverages are not expected to be eligible for Covid-19 claims, there are a number of areas where claims are being paid’
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NewsThe legacy of Covid-19 will be the end of legacy – how a global pandemic is accelerating the adoption of cloud platforms
Industry experts discuss the change in business approaches as insurers decide whether Covid-19 reactions are a ‘one-time thing’ or have ‘fundamentally changed the fabric of the business’
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IT InterviewDLG motor claims dropped by 70% during Covid-19 pandemic peak
The insurer’s head of claims says ‘we’ve just got to be ready’ for claims escalation as lockdown eases
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NewsDARAG Group appoints new group head of claims from Tokio Marine Kiln
The new hire will start with the firm from 17 August
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NewsLV= confirms 600 potential redundancies as part of business restructure
Chief executive Steve Treloar emphasised that the staff cut is not related to the Covid-19 pandemic
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NewsDavies expands captive management portfolio with third acquisition of 2020
Once re-branded, the newly purchased business will become part of Davies’s insurance services practice
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IT InterviewWhiplash reform could lead to ‘claims in other guises’ says DLG’s head of claims
Despite making the process ‘much clearer’ for whiplash-related claims, Direct Line’s managing director for claims thinks the delayed whiplash reform could impact the broader motor insurance supply chain or other variants of personal injury claims
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NewsMGAs have to add value otherwise they do not ‘have an existence’
Industry experts say MGAs need to have a trusted relationship with carriers, that they must ‘kill them with kindness’ and make themselves ‘indispensable’ in order to thrive
