Latest News – Page 239
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NewsAviva purchases specialist MGA’s HNW personal lines business
The acquisition supports the insurer’s intention to become the ‘market leader’ in this business line
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NewsThe Clear Group acquires Kent-based broker
The newest buy is ‘another great fit’ for the group, says chief executive
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NewsAston Lark Ireland bags Irish broker
Aston Lark Ireland hopes to become the area’s ‘leading independent insurance broker’, says chief executive
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NewsDirect Line Group sees profits tumble as ‘unique combination’ of factors impact market
The insurer has posted a loss ratio of 65.1% for H1 2022
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NewsJensten Group snaps up SME-focused MGA
The new addition to the group will be ‘of great benefit to our partner brokers and their clients’, says wholesale managing director
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NewsFormer Horwich Farrelly top boss takes helm at CHO
The appointee replaces Peter Gomes, who has now retired
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NewsMajority of brokers interested in ‘further digitalisation’ – Aviva
Digital processes could ’eliminate’ repetitive tasks and free up time for customer service
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NewsUK insurance pricing moderates in Q2 2022 – Marsh
Pricing was most challenging for those with clients dealing with natural catastrophe exposures, for example
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NewsSuccess in the future of insurance requires shift in underwriting roles – CII
Firms’ top and bottom lines will be dented, alongside staff headcount, if adaptation to the changing skillset climate is not achieved
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NewsGenasys Technologies appoints new CFO
New c-suite hire will help the insurance software provider target ‘international expansion’
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NewsBiba welcomes consumer duty implementation extension
The trade body has also questioned a ‘lack of prescription’ within the new rules and invited firms to make use of its template fair value assessment solution
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NewsSchools an ‘attractive target’ for criminals over summer months – Ecclesiastical Insurance
‘Brokers have an important role to play’ in helping education clients manage their risks over the summer holidays
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NewsAdmiral and Direct Line face double-whammy margin hit in 2022 – Bloomberg Intelligence
Regulation implementation and inflation pushing up claims’ costs are among the causes
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NewsProposed Leasehold Reform bill a ‘red flag’ for industry over property insurance commission disclosures
‘Millions of people’ could be insured ‘for a lot less’, says financial compliance firm principal
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NewsAllianz Commercial prevents £36.8m worth of fraud in H1 2022
The insurer states that commercial linesis currently a hotbed for fraud, compared to personal lines
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NewsJM Glendinning Professional Risks promotes internally for new managing director
The candidate came up trumps after a ‘rigorous recruitment process’
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NewsThe Clear Group grows ebitda by 76% in 2021
Group chief executive says latest financial results provide ‘an excellent base from which we can continue to deliver on our growth strategy’
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NewsLondon market showcases ‘great degree of optimism’ around PI risks – Clyde and Co
However, this optimism is tempered by a ‘wariness of macroeconomic and inflationary pressures’
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NewsPersonal injury motor claims continue to decline, says government’s CRU data
Nearly a quarter of a million claims have ‘disappeared’, according to executive director
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NewsRate rises of 300% have ‘not been uncommon’ in London’s cyber market
Despite ‘no material change in exposure’, insurers in the London market are wary of cyber risks and are upping premiums by 100% on average, as well as reducing capacity, says broker’s head of cyber
