Latest News – Page 123
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from the first week of 2024
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UK Treasury grants Gibraltar approval for captive regime
’There is the possibility for a future alignment between Gibraltar and the UK in the captive [sector],’ says minister
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Insurers warned as personal injury motor claims fall to record low
’The insurance industry cannot now claim that lower-value personal injury claims are responsible for rising motor premiums,’ says executive director
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New Gallagher broking and underwriting boss reveals growth across UK divisions
’I am exceptionally grateful for the hard work of all of our colleagues,’ says chief executive
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Ageas making ‘market-first’ move to better protect policyholders against extreme weather
’We are finding innovative ways to better protect our customers,’ says claims director
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Backchat: From Cissy Strut to addressing systemic cyber risk
‘Politics and conflict is played out in cyber as well as physical spaces’, says Bombay Bicycle Club guitarist Jamie MacColl
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Adler snaps up legal indemnity specialist as part of ‘rapid’ expansion plans
’We are thrilled to have joined Adler Fairways,’ says cofounder and director
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Price Forbes snaps up Aon trio for new real estate and legal indemnity practice
’The opportunity to build a practice with a clean slate and the backing of a global organisation is extremely rare,’ says new appointee
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Aventum’s first managing director to take ‘bird’s eye view’ on ‘ambitious plans’
Chief executive says the group’s ‘ambition to be the best in the industry burns bright’
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2023 natural disasters caused £299bn of economic losses globally – Aon
’Severe weather and climate-related risks now pose an existential threat to the way we live and work,’ says broker’s global chief executive
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Generative AI’s impact on the insurance industry and consumer – Lloyd’s
’A common theme in AI discussions is to say technology is not new to the insurance industry,’ says senior manager
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IT Interview
Q&A: Lorega ‘recognises the importance of face-to-face’ trading
Neill Johnstone, managing director of Lorega, speaks to Insurance Times following the release of the Five Star Rating Report – MGA Market 2023/24
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Backchat: Mark Huxley to play ‘pivotal role’ at new insurance agency
’I will be able to play a pivotal role with the board to ensure they meet their strategic ambitions,’ says appointee
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ERS to use more data to support brokers through new deal
’As a broker only insurer, it is important that we do all we can to support our partners,’ says active underwriter
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NFP to expand London presence with broker acquisition
’It will be a great addition to NFP as we help clients tackle their risk mitigation,’ says regional managing director
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Storm damage among top three claims from property clients – Lansdown
’Regular property maintenance checks are key to ensure your home is weather-proof,’ says claims manager
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OneAdvent launches new MGA to address ‘critically underserved’ recycling market
The market has ‘historic issues with poor risk management and large losses’, says underwriting director
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Five insurance firms to take part in new programme helping individuals return to work
‘We believe that everyone deserves a chance to pursue their passion and reach their full potential,’ says manging director of people experience
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Amazon closing down Insurance Store after 15 months
The e-commerce giant says it made the ’difficult decision’ following an evaluation
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Howden expands high street presence with acquisition of Scottish broker
’It’s a perfect fit as we’re both committed to providing a local advised service,’ says chief executive