Latest News – Page 232
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NewsAnansi partners with insurer to offer embedded goods-in-transit insurance package
The collaboration aims to address current market pains resulting from an ‘antiquated’ method
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NewsChanged government should not impact counter fraud elements of Online Safety Bill – Ofcom
The new prime minister has confirmed that her government would proceed with the passage of the bill
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NewsLloyd’s improves ‘underlying performance’ – AM Best
Lloyd’s turned a corner in 2021, according to senior director.
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NewsDuck Creek Technologies launches new business accelerator suite for UK pet insurers
The UK pet insurance market is ’ripe for disruption’ with an estimated £1.5bn GWP generated per year by 2025
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NewsLloyd’s of London’s reserving for Ukraine crisis is a 'sensible reserve position’
Lloyd’s had arrived at its reserving figure for Ukraine-related claims via a ’probability weighted exposure reserving method’, says chief financial officer
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NewsCost of living crunch sees over-55s seek pay-as-you-drive car cover – Trakm8
Driver apps across the board are also proving to be popular
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NewsStubben Edge Group secures new £5.6m cash injection
The insurtech’s ambition is to ‘change the financial services industry’ says its chief executive
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NewsPerils introduces new market coverage for European floods
The business’ capture threshold in its loss reporting service has also been increased
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NewsClimate change discussion is ‘more urgent than ever before’ to gain independence from Russia
Reinsurer cites dual motivations as to why climate change and the transition to net zero carbon emissions needs to be pushed up global agendas
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NewsRussia’s sovereign internet could see cyber insurance implications – CyberCube
A sovereign Russian internet could lead to cybercriminal safe havens which could see implications for cyber insurance according to the latest report from CyberCube published today (12 September 2022).
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NewsNot all cloud downtime losses covered by cyber errors and omissions insurance – Parametrix
The limited coverage is characterised by low coverage limits, long waiting periods, narrow coverage triggers, significant deductibles and long claims processes
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NewsUK businesses remain ‘in the dark’ about energy costs despite new government plans
Businesses will require additional support before they are ‘forced to close their doors’, says risk expert
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NewsInsurance industry mourns death of ‘inspirational’ Queen Elizabeth II
The insurance sector is in mourning following the death of Queen Elizabeth II yesterday (8 September 2022) aged 96. She reigned for 70 years and 214 days and remains Britain’s longest standing monarch, having been catapulted to the throne on 2 June 1953 when she was aged 25, following the ...
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NewsLloyd’s of London reports COR of 91.4% for H1 2022
The market also achieved an underwriting profit of £1.2bn for the period
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NewsMatthew Wilson returns as Brit group chief executive
Wilson and his family have set up a fund with charity Blood Cancer UK
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NewsDavies buys Florida-based third party administration and adjusting firm
The purchase comes after Davies completed its buy of Asta Capital earlier in July
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NewsFitch Ratings confirms neutral outlook for global reinsurance sector
However, capacity is being squeezed in the property catastrophe market as reinsurers withdraw
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NewsSiriusPoint names ex-RSA boss Scott Egan as new chief executive
The firm’s interim chief executive will step down
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NewsMoody’s teams up with specialty reinsurer on new ESG underwriting solution
The proposition was designed with the aim of supporting P&C insurers with ESG management
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NewsNew chancellor summons insurance leaders to Treasury
Kwarteng said his attention would immediately focus on minimising the impact of the cost of living crisis
