Latest News – Page 264
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NewsCovéa COR soars during ‘very challenging’ 2022
The insurer has ‘undertaken a strategic review’ with the aim of returning to profitability
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NewsArma Karma gets ‘stamp of approval’ as it seals £1.5m in funding round
The insurtech MGA now has several projects in the works
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NewsLloyd’s of London proposes to insure NHS for unexpected costs
Lloyd’s chairman says one challenge the government has is ’around peak demand in the NHS relative to NHS budgets’
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NewsAxa XL appoints new global head of diversity, equity and inclusion
The hire joins from Markel and owns a consulting company focused on progression
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NewsAviva Ventures to invest in ‘young digital and tech firms’ with new £150m cash injection
The business will first fund a London-based diagnostic imaging platform
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NewsUK business insolvencies set to rise in 2023 – Allianz Trade
’The UK faces a high risk of a prolonged upside trend in 2023,’ says report
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NewsInvesting in diversity and inclusion ‘absolutely crucial’ – MGAA
Chief executive says people need to ’embrace’ diversity and inclusion and build it into the ’fabric of their organisation’
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NewsInsurers’ service for brokers is still key challenge – Bravo Networks
Managing director believes ‘a perfect storm’ of factors has impacted insurers’ service for their broker partners – however, the situation is ‘getting into a better place’
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NewsThird Point chief executive mulls SiriusPoint privatisation
Billionaire investor Daniel Loeb believes SiriusPoint may be ’best positioned to execute on its turnaround strategy’ if it went private
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NewsHigh Five: Catch up on the biggest stories of 11-14 April 2023
Insurance Times rounds up the biggest stories of this week
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NewsProperty claims for flood damage significantly drop
Industry commentators believe the decrease boils down to work done by the UK government and flood resillience schemes
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NewsPace of polarisation ‘increasing’ in UK M&A market
’The big challenge is an SME broker doesn’t really make the needle twitch of a big consolidator,’ says chief executive
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NewsDrone opportunity for insurers amid ‘explosion’ in uses?
’I am sure we will all be using apps for drone operators offering services of a scope unimaginable a decade ago,’ says leader
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NewsSecurity ratings becoming a ‘bigger part’ of insurers’ growth strategies
Security ratings have a ’dual benefit for insurers and the brokers that act on behalf of insureds,’ says vice president
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NewsPIB Group bolsters Bristol footprint with specialist broker buy
The broker specialises in providing professional indemnity insurance across a range of professions
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NewsUpsure partners with Australian broker network to support UK insurtechs and MGAs
’Australia presents a unique opportunity for UK and European insurtechs and new MGAs,’ says chief executive
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NewsAirline insurance market seeing significant pricing pressure – Gallagher Specialty
The airline insurance market is ‘experiencing a shift due to various factors’ that impact the industry
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NewsGRP buys 100% share capital of commercial broker
The partners hope to provide clients with a ‘broader range of risk management and insurance services’ in the West Midlands
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NewsLloyd’s joins Biba as official partner
‘We will continue to work with Lloyd’s on issues relevant to both the Lloyd’s market and wider cross-industry issues to benefit all members,’ says chief executive
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NewsAviation reinsurance market could remain hard after ‘very large’ losses – Gallagher Specialty
’It’s likely that for the medium-term at least, a hard market for aviation reinsurance will persist,’ report says
