All Latest News articles – Page 6
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Latest NewsRomero Group to post strong growth despite Covid pressures
Romero Group credits investment in people for another consecutive year of growth
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Motor claims costs predicted to rise due to complex repairs – Fitch Ratings
The ‘one-off benefit’ from reduced claims frequency in 2020 may continue for the first half of this year too, however it won’t be as large as last year
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IUA appoints Zurich commercial head as new chairman
New head replaces Patrick Tiernan who will be taking on the role of chief of markets for Lloyd’s of London
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Covid recession could lead to direct claims against insurers under Third Parties Act
Law firm solicitor emphasises that ‘there is potential for increased claims’ against insurers if their policyholders become insolvent
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2021 set to be ‘less profitable’ year for insurers – Fitch Ratings
Credit ratings agency identifies the key factors that are contributing to market outlooks in the UK
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Irish regulator fines commercial retail broker €41,385 for overcharging customers
The broker’s fine also covers the fact that it issued unclear communications regarding fees
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Government launches consultation to amend Flood Re scheme
Under the proposals, claims payouts will include additional funds to help policyholders ‘build back better’ following flood damage
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Q&A: Pearson Ham on the FCA’s pricing reforms - how will insurers claw back lost renewal revenue?
Pearson Ham’s director of insurance pricing Stephen Kennedy talks to Insurance Times about pricing reforms and how insurers might attempt to claw back lost revenue following the FCA’s price walking remedies and the coronavirus lockdowns
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MS Amlin Underwriting appoints chief risk officer
The new hire joins from the Bank of England
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FCA fair pricing report will ‘reduce profitability’ for insurers – Fitch Ratings
Furthermore, the home insurance market will be more affected than motor insurance as around ‘80% of premiums comes from renewal business’
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Aon and Willis Towers Watson confirm leadership team for combined business
Aon’s Greg Case will remain as chief executive officer following the acquisition, spearheading the company’s new ‘one firm’ ethos
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Allianz Partners teams up with Irish insurtech for post-pandemic travel insurance platform roll out
The platform aims to settle travel insurance claims faster
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Trõv partners with NIG underwritten electric car rental service for London fleet proposition
The partnership will see the two firms manage risk more effectively for electric cars
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Q Underwriting secures capacity to launch new property and package division
A new property owners product will be available for broker partners from February
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Soaring professional indemnity insurance premiums ‘unsustainable’ for surveyors
There is also a lack of PII insurers in the market which is an additional strain on premiums and makes it more difficult for surveyors to get the cover they need
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Insurers inadvertently fueling ransomware rise, warns former national cyber security chief
Insurers are covering ransom payments, which in turn helps the proliferation of cyber crime, says former NCSC chief
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Arch inks deal with insurtech Concirrus
Arch will be using the insurtech’s intelligence platform which can provide advanced premium forecasting
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Howden Group records 6% organic growth in year to September 2020
Chief executive believes ‘the opportunities that lie ahead for Howden Group are extraordinary’
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Household winter claims could top £3bn as extreme weather events rise – Policy Expert
The home insurer and insurtech is warning policyholders to make sure they have adequate insurance
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Lloyd’s broker unveils new EU-based broking business
The broker’s European arm has also appointed a new chief executive
