Latest News – Page 209
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News
Stephen Kennedy: Firms ‘won’t be bored in 2023’ with general insurance pricing
Pearson Ham’s director of insurance pricing states that a ‘fine balance needs to be struck between inflation, competition, demand and growth’
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Insurance fraud saw 11.2% uptick in 2022 – Allianz Commercial
The insurer’s head of counter fraud says at ’each economic downturn, insurers usually see fraud escalate’
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GRP snaps up South Wales-based broker in latest acquisition
Joining forces with a ‘progressive, dynamic and entrepreneurial’ team made the deal particularly attractive for the group
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Climate change, cyber risks and ESG top sector challenges for 2023 – RPC
Climate change, ESG concerns and cyber risks all take their place in the key trends to look out for this year
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Royal Mail hit by ‘cyber incident’ that caused disruption to international post
Royal Mail has apologised for any inconvenience caused and has also launched a full investigation alongside cyber crime experts
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Direct Line navigating further motor claims inflation
The insurer noted that claims inflation remains a feature of the market
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Direct Line predicts home and commercial lines claims of £90m
The insurer has scrapped its final dividend for 2022 but has assured shareholders of its intention to restore balance sheet resilience
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Markel International promotes internally for new chief operating officer
The chosen appointee has proven herself to be ‘invaluable’ during her time at the business
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FCA proposes updated guidance to support insurance customers in financial difficulty
The regulator is aiming to solidify its stated support for consumers struggling with the cost of living crisis, says executive director for consumers and competition
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Biba board extends ex-Conservative MP tenure as chair for three more years
For two decades he served as an MP and MEP
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FCA’s Consumer Duty causes apprehension among majority of brokers – Ecclesiastical
Nearly three quarters of brokers said the ramping up of regulation was overwhelming
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Jensten Group buys Coversure Kidderminster
The broker hopes to open up at least ten new offices this year throughout the UK
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Brokerslink expands Ardonagh Speciality’s existing network partnerships
Global broking company Brokerslink has added Ardonagh Specialty to its international broking network.
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UK-US insurtech accelerator initiative opens for recruitment
’Nurturing innovation globally within the formal partnership of the Corridor is crucial’ says vice president and executive director
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JMG Group expands presence in Scotland and Southampton with two broker buys
JMG Group has today (9 January 2023) acquired Knightsure Insurance Brokers and T I Alexander Insurance Brokers in two separate transactions.
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Superscript completes £45m series B funding to 'transform' SME cover
In a challenging macroeconomic environment and shift in global investor appetites, this funding round represents a huge vote of confidence says firm’s chief executive
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GRP boosts MGA portfolio with ‘niche’ business buy
Global Risk Partners has acquired the entire issued share capital from Nucleus Underwriting.
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IT Interview
Q&A: Investment in regional branches strengthens local broker partnerships – Axa Commercial
Axa Commercial chief executive Jon Walker tells Savan Shah how the firm is now better equipped to support SME customers
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Brokers key in closing awareness gap for scams like iSpoof
CFC Underwriting warns that cyber criminals are unwavering in their commitment to the goal of extorting money from victims
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Markerstudy bags Tradex Insurance Services in Clegg Gifford deal
The buy was revealed on Companies House last week