Latest News – Page 252
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NewsTop Premier League clubs to pursue BI claim against major insurers
A ruling in this case could represent a ‘new test case’ for business interruption claims
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NewsLloyd’s of London faces criticism from climate campaigners following latest ESG report
Lloyd’s says that embedding ESG is a ‘top priority’
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NewsRegulation becoming ‘almost inevitable’ as cyber threats increase
The cyber threat environment is ’incredibly volatile’, adds chief executive
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NewsEx-Aviva chief financial officer moves to Zurich
She has also previously held several senior roles at AIG
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NewsAviva reports 5% general insurance GWP uptick for 2022’s first quarter
But the insurer’s UK COR for general insurance has worsened by 7.3 percentage points year-on-year
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NewsPIB buys Spanish specialist broker
The purchase represents a continuation of the firm’s strategy to turn towards European M&A
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NewsInsurance DataLab names best broker in UKGI
It marks the second consecutive year the broker has finished on top in the market intelligence firm’s rankings
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NewsClimate change losses have increased by 270% – Capgemini and Efma
A new report has made three recommendations to boost insurers’ climate resiliency, relevance and profitability
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NewsNuvalaw welcomes four new law firms to its ADR platform
One law firm hopes the resolution will become an ‘industry blueprint’ for tackling OIC-related issues
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NewsSkyline Partners scoops $1.75m in funding amid next growth phase
There has been increased traction for parametric solutions in the market
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NewsARB reveals new draft guidance on insurance
Proposed alterations to the code stem from architects expressing issues with managing insurance sector developments
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NewsFCA’s general pricing rules drive up van insurance premiums by 6.3% - Consumer Intelligence
The pricing expert believes that the regulator’s movements are hampering cheap market deals
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NewsGRP’s County Group buys broker in third deal of 2022
County Group is ‘actively looking for more opportunities’ and is keen to speak to vendors
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NewsFCA confirms significant delays in M&A process
Firms looking to complete acquisitions could face waits of over two months for regulator approval
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NewsAndy Burnham: ‘Managing risk is an ongoing reality for all of us’
The mayor of Greater Manchester believes ’challenging some of the norms in the way that we work’ will help manage risks moving forward
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NewsAdam Winslow: Managing inflation means separating commercial lines from personal lines
Despite the challenges of inflation, there is an opportunity for both insurers and brokers to do ‘really well’ through better understanding insurer risk appetite, says UKGI boss
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NewsInflationary impacts keeping brokers ‘on their toes’
The ’massive issue’ of underinsurance will also be exacerbated
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NewsRising inflation is of ‘serious political concern’ to insurance sector – Elisha Walia
The insurance sector should not assume that the economic environment is ‘transitory’
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NewsBrokers’ commission must be ‘reflective of the value’ provided to customers, says FCA
The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’
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NewsAviva’s Blanc calls out industry sexism
The insurance giant chief executive was the target of “inappropriate” comments at last week’s AGM
