Latest News – Page 273
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Car insurance costs increase for first time since autumn 2020
Pricing trend data could help insurers navigate the motor market post-FCA pricing reform, said price comparison site chief executive
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Zego reveals European expansion plans targeting fleet insurance sector
Fleet managers could save up to 20% on premiums at renewal using Zego’s behaviour-driven insurance product, the insurtech says
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Cyber outranks Covid-19 and supply chain risk as biggest concern for global businesses – Allianz
However, business interruption remains a ‘key theme’
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Zurich sees startup applications for innovation championship double
There were 305 applications in the UK alone
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Ardonagh Specialty expands cross-class follow capacity solution
The move aims to help the company reach more clients and develop its focus on data generation
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Property law regulator launches consultation on changes to professional indemnity insurance
The consultation will close on 25 February 2022
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H&H Group buys Hexham-based insurance agency
The merger will see H&H Insurance Brokers get a new director
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Regulation requirements, personalised products and zero touch operational models set to be tech trends for 2022
EMEA product marketing director says businesses’ technology evolution is vital to move from focusing on just maintenance, to instead ‘being a hub for innovation’
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Lloyd’s of London reveals new operational structure behind Blueprint Two
Lloyd’s current chief operations officer will depart on 21 January 2022
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Cyber threats ‘growing faster than ability to prevent and manage them effectively’
Rewarding efficiency over resilience ’can leave companies vulnerable to shocks’, says broker’s European risk management leader
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Business school launches new research consortium to better prepare for next systemic risk
The insurance industry’s ’policies, preparedness and financial responses require a significant overhaul’ to ’better equip and protect society from the next major systemic risk’, says Pool Re chief executive
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Finance veteran Lord Paul Myners dies aged 73
The former director of Lloyd’s of London ‘passed away peacefully’ at a hospital in London yesterday
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New Scottish fire safety legislation could invalidate home insurance policies
The new legislation is set to come into force on 1 February 2022 in Scotland requires interlinked smoke alarms to be fitted by this date
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84% of leaders concerned about world outlook – World Economic Forum
WEF president urges ’that global challenges need global solutions’, especially as ’our planet is on fire and we have to deal with it’
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The Insurance Times 2022 Etrading Survey is now open
The 2022 Insurance Times Etrading Survey is now open for brokers to share their views on their etrading experiences over the last 12 months
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Next Insurance scoops former Airbnb finance vice-president as new CFO
The insurtech tripled its GWP last year to $650m
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International Underwriting Association reveals 2022 business plan
The IUA argues that any new ’Consumer Duty’ introduced for UK insurers must be ’appropriate and proportional for the wholesale commercial market’
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XS Direct no longer accepting new business
Ceasing renewals business will follow on 1 March 2022
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CPP Group UK buys Alpha Underwriting
The transaction marks the insurtech MGA’s second acquisition in three years
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CII scoops industry veteran to replace chief exec Sian Fisher on interim basis
The new hire will fill Fisher’s role until a permanent chief executive is chosen