Latest News – Page 156
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News
RSA expands financial risks portfolio with new product for brokers
’We want to widen our relationships with customers and brokers,’ says portfolio lead
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ABI launches cyber safety tool to help SMEs bolster security
’We’ve designed a tool that is easy to understand,’ says head of general insurance policy
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Ecclesiastical's UK and Ireland COR soars in H1 2023
The insurer’s UK and Ireland arm also suffered an underwriting loss following ’larger than expected’ prior year claims
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Over 80% of brokers worried about capacity levels in commercial motor
’We must all continue to focus on incremental improvements to manage the challenges we all face,’ says deputy chief executive
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Research
Revealed: Eight MGAs awarded five stars in Insurance Times’ 2023/24 MGA survey
The survey polled 1,850 UK-based brokers
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FCA and PRA set out new D&I proposals for financial services sector
’Our proposals will encourage the largest firms to put in place plans and report against their delivery,’ says chief executive
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Insurance warning issued as Storm Agnes set to batter UK with strong winds
’We urge home and business owners to check now whether their property is storm resilient,’ says property claims manager
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Clear Group caps recent flurry of acquisitions with independent broker purchase
The acquired business ‘will play an important part’ in expanding the broker’s footprint in the south west, says group chief executive
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RSA makes pledge as it announces Gain membership
’I welcome RSA joining the Gain community and their commitment,’ says board member
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FCA slammed as ‘irresponsible’ after Gap insurance warning
’This latest warning barely recognises the hard work online providers do to provide reliable and honest coverage,’ says managing director
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Aston Lark confirms date of Howden rebrand
’It will be sad to see the Lark bird fly away for the last time, but very exciting to be finally rebranding,’ says head of M&A
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Earnix opens London office as customer base grows
The firm is ’positioned for continued success,’ says chief executive
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Specialist insurance law firm launches cyber crime startup
’Cyber has become simultaneously one of the greatest opportunities and risks of modern times,’ says founder
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Iprism expands property portfolio with MGA acquisition
Chief executive says the deal will provide ’mutual benefits’
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Aviva to acquire AIG’s UK protection business in £460m deal
’This acquisition brings significant strategic and financial benefits to Aviva,’ says chief executive
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Cyber insurance market a ‘massive opportunity’
’With a low overall cyber insurance penetration rate, millions of companies remain unprotected,’ says head of risk engineering
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Markel reduces quote turnaround time with help of AI
’It underscores what can be achieved when insurers invest in digitising their underwriting workflows,’ says chief executive
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories of this week
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Lloyd’s of London reveals impact of innovation lab in insurance industry
’We now deploy purposeful and directive accelerator themes,’ says commercial director tech talk newsletter sign-up
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Hughes Insurance invests in commercial offering to support SMEs
’It’s crucial the SME sector remains adequately supported and protected,’ says director of operations and customer services