Latest News – Page 241
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NewsUK government publishes Financial Services and Markets Bill
The tabled bill represents ‘the beginning of the development of a new UK regulatory regime’, paves the way for Solvency II reform and furnishes the FCA with new regulatory powers
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NewsNewstead Insurance snaps up Birmingham-based broker
The firm is a ‘perfect fit’ for Newstead as it builds its market presence in the Birmingham area
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NewsIndustry on alert as two new Covid strains spread
The pandemic is the third largest catastrophe after Hurricane Katrina and the 9/11 attacks, says AGCS
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NewsBeazley’s David Roberts to join Bank of England’s Court as chair
Finance veteran Roberts will offer a ‘fresh perspective’ in his upcoming role, governor says
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NewsAverage UK car insurance premiums soar by 6% over last 12 months – WTW
Motor insurance premiums remain ‘fairly low by historical standards’, says head of pricing
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NewsElectric vehicle increase strikes fear into motor industry and its supply chains
Insurers need to ‘fundamentally change how they price, underwrite, insure and service’ electric vehicles, says credit hire firm managing director
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NewsCost of living pressures push uptick in fraudulent property claims – Zurich UK
Fraudsters submitting bogus claims ‘drives up the cost of premiums for everyone’, says detective chief inspector
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NewsMarkerstudy’s BGL Insurance creates 100 ‘hybrid’ contact centre jobs
The new hires form part of a planned growth trajectory following its acquisition by Markerstudy
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NewsAllianz Holdings scoops new chief operating officer
The new appointee had a long career in the banking before entering the insurance sector
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NewsAllianz Partners names new UK and Ireland chief executive ahead of Tozer departure
The search for a new chief sales officer has also commenced
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NewsInsurers brace for ‘inevitable’ claims following forest fires
Greater cross-sector collaboration is needed to ’more accurately assess, map and manage the risks’ as wildfires are ’no longer just an issue for faraway countries’, says property loss expert
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NewsGRP enhances retail division with bespoke broker buy
The deal is GRP’s first since welcoming Florida-based Brown and Brown as its new parent company
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NewsInsurance pricing complaints fell during 2021/22 – FOS
Customers must feel ‘confidence’ in their cover prices and how insurance ‘meets their needs’, says ombudsman leader
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NewsPercayso Inform teams up with Ageas UK
The insurtech hopes to provide brokers with confidence as more accurate risks are being presented
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NewsLack of affordable cover a ‘significant barrier’ to growth of small businesses – FSB
The cost of insurance should not be excluded from the price of doing business, says board director
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NewsPrevisico and Generali ink flood resilience deal for UK clients
Early flood warning signs are crucial as 60% of flooding is surface water flooding but the Environment Agency does not cover this
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NewsJensten Group grows Yorkshire presence with new broker buy
The deal is the latest step in the group’s ‘buy and build’ strategy
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NewsDirect Line Group predicts inflation-driven profit hit
The insurer’s second tranche of its £100m share buyback programme has been cancelled as a result
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NewsDavies completes Lloyd’s Asta buy
The pair’s shared culture of innovation and growth are ‘closely matched’, says chief executive
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NewsOndo pilots LeakBot project with 20,000 Admiral Platinum policyholders
The insurtech has evidence that the technology can ‘significantly reduce claims’ for its insurer partners
