Latest News – Page 261
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NewsMercedes to accept liability for accidents involving its new self driving tech
The car manufacturer will not accept blame where a driver has failed to take control of a vehicle when prompted, however
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NewsLloyd’s of London brands ongoing Russia-Ukraine conflict a ‘major loss’
Lloyd’s boss admits some claims could take years to settle but believes that the marketplace is in a strong position to withstand this
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NewsLloyd’s returns to profit with £2.3bn in full-year 2021 results
£2.9bn was paid to customers impacted by Covid-19
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NewsSaga’s retail broking arm reports 3% GWP dip for 2021
Chief executive says Saga’s insurance business delivered a ‘robust performance’ in the last year
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NewsRestructure sees MS Amlin Underwriting swing back to profit
The results are ‘tangible evidence’ that strategic changes made are ‘starting to bear fruit’, says chief executive
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NewsThe Ardonagh Group reports adjusted ebitda growth of 42.4% for 2021
The broker’s income also reached £945.8m last year
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NewsAston Lark snaps up specialist corporate insurance broking firm
The deal will strengthen Aston Lark’s ‘breadth of capabilities’ as it joins Howden, says chief executive
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NewsSabre records small GWP decrease for 2021 amid ‘high levels of claims inflation’
The insurer’s COR also saw a slight raise last year, albeit within its targeted range
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NewsGovernment scraps building safety manager requirement in latest Building Safety Bill shake up
The Secretary of State now has the power to ’impose requirements about new build home warranties’
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NewsTowergate names new chief executive
The new c-suite member will bring 18 years of independent broking experience to the role
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NewsBlink Parametric partners with Lloyd’s broker to expand parametric offering
The partnership sees the early roll-out of the insurtech’s flagship parametric solution as well as the expansion of its product pipeline
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NewsMiller seals acquisition deal with French sports broker
The transaction aims to enhance the firms’ product offering and overall distribution, growing its combined share of the European football market
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NewsDo insurance prices differ depending on race?
Insurance Times speaks to industry experts following Citizens Advice revealing a car insurance ‘ethnicity penalty’
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NewsOndo becomes first insurtech to make IPO in UK following purchase
The escape of water insurtech formerly known as LeakBot aims to lead the revolution towards sustainable risk reduction by scaling up its product globally
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NewsMoJ unveils no change to credit hire and rehab in part two whiplash reform consultation response
The government will work with industry stakeholders to see whether arrangements such as the GTA should become mandatory, however the emphasis is on the ‘industry to keep its own respective houses in order’
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NewsZurich appoints new head of SME
The insurer hopes the new hire will drive continued growth in its retail business
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NewsBiba welcomes returning board member after five-year split
The business initially took a step back from active membership to focus on internal development
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NewsBMS snaps up Howden c-suite member as group chief commercial officer
The new hire brings more than 25 years of insurance industry experience to the team
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NewsGovernment moves closer to axing controversial Vnuk law
The European ruling could have created extra costs of £2bn a year for the insurance sector
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NewsPool Re appoints new chief executive
The new hire will join at the beginning of April and is looking to build strong relationships with stakeholders
