Latest News – Page 2
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Over one-third of London market firms use AI, but concerns hinder adoption
‘We have a chance to consider how the complexities of the London specialty market can be a magnet, rather than a barrier, for deployment of intelligence as a service’ says consultant
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UKGI industry to reach £113bn by 2029, forecast says
’The sector anticipates steady growth but must adapt to emerging risks and consumer demands,’ says senior analyst
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MGA snaps up ex-Aviva and Allianz leader for senior Scotland-based underwriting role
’She is a well-known and highly respected underwriter in the Scottish commercial insurance market,’ says manager
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Axa board intends to reappoint Buberl as chief executive
’I would like to thank the board of directors for the trust they have placed in me,’ says chief executive
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Lloyd’s broker offloads specialist team to SRG after strategic review
‘All clients are in the process of being contacted directly and reassured of our joint effort to provide continuity and minimum disruption,’ says chief executive
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Effective event: Top tips for getting the most out of 2025’s Biba Conference
Jack Richards, senior conference producer at Insurance Times, shares his advice on how delegates can optimise their time at May’s two-day event
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Aviva leader to take on chief executive role at Probitas 1492
’Over the last decade, Bathia has built an incredibly successful Lloyd’s franchise and paved the way for Aviva’s entry to the Lloyd’s market,’ says chief executive
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Period homes cost over double modern counterparts to insure
‘People living in a period home, or those considering purchasing one, should be aware of the potentially higher insurance premiums that typically come with owning an older property,’ says expert
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Global commercial insurance rates fall for third consecutive quarter – Marsh
‘We expect the overall trend to continue and for insurer competition to intensify, barring unforeseen changes in conditions,’ says global placement president
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Cowbell targets £902bn UK tech sector with cyber and PI launch
‘Our experienced team of underwriters are looking forward to deepening relationships with brokers and further developing our digital distribution capabilities to better serve the UK market,’ says vice-president
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Insurance premium tax windfall sets record high for Treasury
‘The full-year IPT receipts to March 2025 indicate another significant increase for the chancellor,’ says senior actuarial director
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Two Allianz leaders to depart after insurer merges claims teams
’We thank them both for their outstanding contributions at Allianz,’ says spokesperson
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CII urges accountability for AI decision-making in insurance sector
The professional body emphasised that insurance ‘professionals should always be prepared to take accountability for the outcomes created by AI’
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Xceedance appoints new operating leader for the UK and Europe
‘My goal is to enhance client satisfaction through exemplary service delivery and innovative solutions,’ says leader
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Commercial MGA launches into eTrade as it looks to plug market gap
’This expansion is a landmark moment,’ says chief executive
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Former EY boss joins Oxbow to expand its UK&I general insurance practice
’It’s exciting to be joining the team at a time when the market is evolving,’ says appointee
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Motorist’s £1.2m fake injury claim costs him over £100,000
’This case highlights the importance of thorough investigation and the need to hold claimants accountable for fundamentally dishonest claims,’ says head
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JMG Group expands UK presence with trio of acquisitions
’These acquisitions reflect the strength of our businesses and their confidence in the support we provide,’ says chief executive
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FY 2024 financials prove Covéa ‘made the right decision’ with strategy focuses – Georges de Macedo
Although chief executive ‘will not say that our profit is exceptional in absolute terms’ for last year, the insurer’s journey into profitability demonstrates that five pillar strategy is yielding results
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MGA targets geographical expansion as new CFO appointed
‘Copeland has an accomplished financial background with considerable experience in the Bermuda multiline (re)insurance industry, as well as in the investment sector’, says managing partner