All articles by Katie Scott – Page 61
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Insurers submit defences for FCA test case ahead of July hearing
Insurance Times dips into the defence documents of the eight insurers facing the FCA’s court hearing…
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Marsh launches sports, entertainment and media group for UK and Ireland
Broker Marsh has set up a new sports, entertainment and media (SEM) industry group in the UK and Ireland, complete with an impressive leadership team.
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Sam White explores cashing out programmes in response to Covid-19 and Brexit
The chief executive says this option helps deliver choice to consumers
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Brokers have ‘big opportunity’ to win accessibility game against direct insurers
A lack of direct insurer communications provides an opening for brokers to be able to help policyholders amid the Covid-19 pandemic; an Insurance Times webinar discusses the topic…
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IT Interview
Q&A: Working from home and financial hardship creates ‘perfect storm’ for fraudulent claims says Horwich Farrelly
Insurance Times quizzes David Scott, counter fraud partner and head of innovation at Horwich Farrelly, about the fraud issues arising from the Covid-19 pandemic and what insurers and claims handlers can do to mitigate the fallout…
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Hiscox Action Group seeks to intervene in FCA’s test case on BI policy wordings
The Hiscox Action Group has instructed its lawyers to intervene with the FCA’s BI case test, as insurer Hiscox refuses to move forward on any other legal action until the conclusion of the FCA’s hearing.
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Markerstudy confirms that board directors have taken a 50% pay cut
Markerstudy announces its latest step to stay afloat while battling the financial fallout of the Covid-19 pandemic.
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IT Interview
Traditional insurance does not have ’much shelf life left’, says Pukka’s Sam White
Industry multi-tasker Sam White on why brokers have an ‘important role’ to play in insurance
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Primary Group buys majority stake in Leeds-based MGA
Investment holding company Personal Group has re-purchased personal lines MGA UK General Insurance Group after originally selling the business to J C Flowers in 2017.
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Former RSA Ireland chief financial officer disqualified and fined €70,000 for under-reserving breach
The regulator’s investigation found that the senior leader had been involved in the insurer understating its claim reserve estimates by €29m
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Probitas 1492 gains Lloyd’s ‘in principle’ approval to establish managing agency
The new firm will assume the management of Syndicate 1492 from Capita Managing Agency Limited
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White confirms Pukka to hand in Gibraltar licence at end of July
The move was designed to ‘rationalise the cost base’ of the business
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PIB Group’s McManus says the home working ‘experiment is working’
The broker’s chief executive told Insurance Times that the nationwide move to working from home in accordance with Covid-19 social distancing measures has ‘completely changed our attitude’
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Home insurance market set to contract by 1.4% as a result of Covid-19
Data and analytics firm predicts that gross written premiums within the UK home insurance market will drop to £5,935 in four years’ time
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Covid-19 presents new opportunities for MGAs versus ‘clunky’ capacity providers
Technology-enabled MGAs have the ability to innovate and be entrepreneurial in the wake of the coronavirus crisis says leading industry experts
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IT Interview
Insurance sector is ‘going to be seen as uncaring’ as a result of Covid-19 outbreak
PIB Group’s chief executive says the insurance industry will be painted as the villain of the coronavirus crisis
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IT Interview
Insurers re-setting HNW boundaries to take advantage of higher premiums and margins
The mid net worth market is likely to merge into core domestic household products says loss adjustor
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PIB Group to rebrand 12 businesses under PIB Insurance Brokers
The move aims to create a united specialist commercial lines division
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Government should use claims management capability during pandemic, says PIB boss
Brendan McManus explains that the insurance industry could have supported the government throughout the coronavirus crisis
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Hiscox Action Group triggers arbitration clause in bid for £40m pay out for rejected Covid BI claims
The group’s law firm is acting on behalf of 350 Hiscox Insurance policyholders