Latest News – Page 240
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NewsRates for builders’ risk construction cover increased by 5% year-on-year in London market
Higher sub-limits and extension limits for these policies in London give the market ‘a competitive differentiation’, says broker’s head of international construction
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NewsInsurance Data Lab reveals highest ranked insurers for customer experience
Six insurers have been recognised with a ‘gold award’ for ‘doing their utmost to help their customers’
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NewsFCA publishes final rules for Consumer Duty regulation
The regulator has extended its implementation timeline for its ‘step change’ Consumer Duty principle by three months, but company boards must agree their implementation strategies by October 2022
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NewsMGA First Underwriting builds new team to launch real estate product
The MGA plans to use its new team and proposition to meet the requirements of niche broker partners, says managing director
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NewsDive In Festival reveals focus on improving workplace cultures for 2022 event
The diversity and inclusion event will take place between 27 and 29 September 2022
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NewsPolicy Expert appoints new chief financial officer
The new hire succeeds Paul Gildersleeves, who was employed by the firm for more than 10 years
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NewsGRP marks 100th acquisition with purchase of Ipswich-based firm’s GI book
Intermediary firm celebrates its ‘empowered consolidation model’ with its latest broker buy
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NewsGeopolitical strife impacting shift in ransomware attacks – SonicWall
The cyber security firm discovered 59,259 cases of never before seen malware in March 2022 alone
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NewsTravel insurers must address ‘misunderstanding’ over coverage – Consumer Intelligence
A lack of consumer trust in the travel insurance sector should be addressed with greater clarity over policy exclusions, says senior insight analyst
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NewsJoint founders launch end-to-end platform to support delegated authority arrangements
The proposition aims be a ‘gamechanger’ for insurance industry players that are looking to remain competitive in a fluctuating UK market, says co-founder
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NewsPercayso Inform and WhenFresh partner to boost property data capabilities
The new partnership is set to open ‘some very interesting doors’, says WhenFresh chief executive
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NewsACSO calls for mandatory insurance of e-scooters
The association has laid out a 10-step plan for the effective and safe legalisation of the micromobility vehicles in the UK
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NewsLack of communication from insurers leading to missed savings for motor insureds – Redtail Telematics
Only 4% of survey respondents had been informed of how telematics products can reduce premiums, according to the firm’s latest survey
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NewsInflation is surmountable with proper provision – Beazley
The specialist insurer has ensured it has sufficient amounts of reserve capital in place, to help it weather economic storms such as inflation
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NewsReported general insurance conduct rule breaches are ‘on the low side’ – Sicsic Advisory
Many Lloyd’s and London market brokers have failed to return required annual rule breach reports
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NewsDOA Underwriting strikes capacity deal for travel policies with Axa Partners UK and Ireland
The insurer says the agreement forms ‘a key part in our travel strategy’
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NewsClaims mitigation strategies offer opportunity for the ‘ultimate’ customer service
Insurers can provide advantages to policyholders by helping them avoid making claims in the first place
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NewsCrop fire claims soar as forest fires rage through UK amid heatwave
Loss adjustors’ agriculture director warns farmers need to continually review livestock management
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NewsBeazley posts 2022 half-year COR of 87%
The insurer is actively managing ’inflation and recession’, says chief executive
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NewsPeter James Insurance appoints classic vehicle enthusiast as partnerships director
The appointee will be leading the implementation of a new proposition for the firm in his latest role
