Latest News – Page 282
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News
Law firm warns of e-scooter recalls and liability claims following London tube fire
The government’s Office for Products and Safety Standards (OPSS) recall report in January 2021 listed an e-scooter as the first recalled product for battery fire risk
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Chaucer veteran departs as new head of political violence takes helm
Outgoing department head has worked at Chaucer for 23 years
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Specialist motor insurer launches new tech trading solution
The insurer’s active underwriter believes there are ‘significant efficiencies’ for brokers and insurers that trade digitally
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Zurich makes minor move away from underwriting oil and gas
Campaigners demand that Zurich takes ‘more meaningful’ action, but acknowledges progress regardless
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Marsh McLennan conducts executive committee reshuffle
The firm’s president and chief executive believes the appointments help create a ‘stronger and more dynamic company’ that will ‘help us achieve the next phase of our growth’
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Aviva gearing up to launch Lloyd’s syndicate
The insurer has sold eight international businesses as part of its divestment strategy
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Insurtech launches digital solution to overhaul underwriting processes for brokers and MGAs
This marks the insurtech’s ’biggest foray into insurance technologies yet’, as it aims to solve the problem of digital underwriting not being able to work across multiple lines
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Hiscox appoints interim chief financial officer ahead of Hussain’s promotion to chief exec
The internal candidate plans to bring her ‘financial expertise and knowledge of the business’ to the role
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Ardonagh improves adjusted ebitda by 44.5% in first nine months of 2021
The broker has also spent £125m on acquisitions so far this year
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Marsh Commercial collaborates with specialist cycling insurer
Marsh’s ‘world expertise’ will help boost the insurer’s ‘growth journey’, says chief executive
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Insurance industry is ‘an important partner’ for Asia’s economies – Singapore finance minister
Singapore has a good base of investment arms
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Brexit continues to be a major concern for businesses – Aviva
Supply chain vulnerabilities were also cited as a risk by the insurer
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Gallagher appoints new managing director for Rentguard
The new hire has ‘commercial acumen and [an] excellent reputation within the insurance industry’, says SME and personal lines managing director
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IT Interview
Hiscox paying up to 800 BI claims a month despite policyholder information struggle
Outgoing chief executive confirms that the insurer has accepted around 10,000 business interruption claims linked to the Covid-19 pandemic
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Jensten Group scoops BGL Group director to head up risk and compliance team
The new hire brings over 34 years of insurance and consultancy experience to the business
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WTW appoints new global head of broking from Aon
The hire previously worked at WTW in 2004 before spending the majority of his career at Aon
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MCE strikes deal with personal lines broker to handle private vehicle business
MCE moves quickly following Sabre deal to secure another business arrangement
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Broker Miller creates head of market management role
The hire joins from Howden Group and aims to build stronger carrier relationships
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Insurers to increase technology spend post-Covid – BlackRock
Head of BlackRock’s financial institutions group for EMEA says a comprehensive and transparent view of dynamic portfolio risk is a ’necessity’ for insurers