Latest News – Page 249
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JMG-owned Greenwood Moreland boosts Scottish presence with GI broker buy
The deal represents the first acquisition since Greenwood Moreland joined JM Glendinning Group earlier this year
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London-based fraudster duo sentenced to imprisonment following gross exaggeration
‘We hope that these sentences will deter would-be fraudsters’, says Allianz’s head of counter fraud
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Cyber insurance sees triple-digit pricing increase in Q4 2021 – Marsh
The rate increase has been driven by a rise in ransomware claims
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Marsh ranked top broking group for worldwide revenues in 2021 – Insuramore
The broker was also ranked as the leader in commercial property and casualty insurance retail broking
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Mid-market commercial insurance must adapt to ‘on demand’ culture, says Upsurance boss
Customer expectations for an on demand service has increased and commercial lines must adapt to keep pace
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JM Glendinning Group buys Scotland’s biggest independent broker
It will take JMG Group’s gross written premium in Scotland to £50m
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‘Digestible’ innovation around systemic risks to be discussed at BrokerFest 2022
Systemic risks present a ‘growing credibility gap’ for the insurance sector that must be addressed, says broker leader
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Russian cyber attacks on Ukraine could extend to West, warns CyberCube
The software firm’s head of cyber intelligence services says ’a greater understanding’ will help the insurance sector prepare
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‘Lots of uncertainty’ remains over OIC portal – Admiral
Some ramifications of the portal are clear, but more time is needed to fully understand others
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Cyber insurance cost has more than doubled year-on-year – Howden
Pricing for cyber insurance is approaching the ‘limits of economic viability for some’, says executive director
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BrokerFest 2022 conference lineup confirmed
Firms such as Axa, Ardonagh Advisory, The Clear Group, ManyPets, By Miles, Biba and the ABI will all take to the event stage in less than two weeks’ time to share their industry know-how
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‘One size doesn’t fit all’ when it comes to broker consolidation – The Clear Group
Consolidation is a ‘natural feature’ of the broking market to ‘allow succession’, says executive chairman
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QBE appoints chief data officer
The new appointee’s ‘significant experience’ will help the firm develop a new data strategy
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Best of Biba 2022 Backchats
The Insurance Times editorial team have rounded up the best backchats from Biba’s annual conference on the 11 and 12 of May, what did the insurance industry get up to? You heard it here first
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GlobalData forecasts £2.2bn boost in motor insurance DWPs by 2026
A DWP jump in 2023 will result from companies looking to rebalance their books following new FCA pricing rules, says insurance analyst
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MPs set to examine insurance sector’s net zero transition via new inquiry
The committee has called for written evidence of insurance firms’ fossil fuel policies
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Bike theft fell significantly in 2021 – Bikmo
The specialist cycling insurer says the drop in bike theft is part of ‘an emerging pattern’
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RSA promotes for new global broker and customer director
The individual has been chosen for her ‘determination to succeed’ and ‘passion’ for keeping the insurer’s commitments to customers and brokers, says director
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SMEs struggle as late payment issues increase – Premium Credit
Difficulties securing credit have triggered a change in SME’s insurance buying habits as a result
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Tracker warns victims not to confront car thieves following Joe Combs case
The telematics firm’s head of police liaison says car theft is up due to the decline of used car parts