Latest News – Page 285
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FeaturesRevealed: Who won at Insurance Times’ Technology and Innovation Awards 2021?
Find out who won at last night’s awards
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NewsMarkel boosts underwriting profits despite hurricane and flood hits
The biggest financial impacts for the insurer were natural catastrophes and the covid-19 pandemic
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NewsGranite Group agrees to buy Crewe-based telematics insurer
The deal aims ’to cater to increasing demand for motor usage-based insurance’ post-pandemic
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NewsAround 69% of customers use credit to pay for insurance – Premium Credit
Some who have used credit to pay for cover have not been able to claim on their insurance policy in the past five years
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NewsHastings Group reports £103m profit before tax in 2021’s Q3
Chief executive says the insurer is ‘well positioned to take advantage of upcoming market changes’ as it seeks to fulfil ambition of becoming ‘UK’s best and biggest digital insurance provider’
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NewsAxa’s new oil and gas policy has ‘derailed’ its net zero ambitions – Reclaim Finance
Despite introducing exclusions, the insurer has left a cover loophole, enabling it to continue insuring oil and gas expansions, says NGO
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NewsHSB signs acquisition deal with specialist construction group
The deal will ‘expand our core insurance offerings into the structural warranty arena’, says insurer managing director
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NewsGuidewire reveals analytics app suite to help insurers make better decisions
The suite of apps will help insurers make better decisions and address new and evolving market risks
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NewsGRP eyes further M&A amid soaring premium growth
During challenging times for the industry, ‘2021 has been a sea change for GRP’, says chief executive
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NewsHiscox has paid out 5,153 BI claims in first nine months of 2021
In his last quarterly trading statement as chief executive, Masojada describes the insurer as being in ‘good shape’
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NewsDaulby Read Insurance buys third Bravo Networks broker in 12 months
The deal is a ‘great tactical move’ to push the business forward in the agricultural market, says broker boss
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NewsAxa extends oil and gas exclusions in fight against climate change
The transformation needed to become a low carbon economy ‘can only happen by enabling companies from the energy sector to implement ambitious transition plans’, says insurer chief executive
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NewsFloodFlash expands relationship with reinsurer to strike capacity deal
Insurtech boss says the partnership will ‘set the standard for how underwriters and insurtechs can work together to address industry issues’
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NewsAllianz appoints new approved repairer network to focus on green parts and EVs
The insurer aims to achieve ‘a market-leading repair proposition and high customer satisfaction’ with its new bodyshop partners
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NewsPrivate investment firm agrees to buy majority stake in Ripe Thinking
The insurtech’s leadership plan to use the investment to bolster business growth, including to branch out internationally
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NewsFinancial services regulators flag 134 upcoming regulatory initiatives
Regulators acknowledge that although ‘the burden of the current regulatory pipeline’ is ‘significant’, it is also ‘appropriate’
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NewsZurich agrees five-year capacity deal with travel insurer
The insurer will replace previous capacity provider Mapfre
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NewsThe Ardonagh Group completes $500m buy of BGC Partners’ insurance operations
Specialty broking chairman says the acquisition presents ‘a unique opportunity to build a preferred home for talent and the number one choice for clients on a truly global scale’
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NewsGallagher’s net earnings up 22% in Q3 results as M&A ‘remains buoyant’
The broker predicts favourable revenue for Q4 if economic conditions improve following the Covid-19 pandemic
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NewsWillis Re takeover ‘on track’ – Gallagher
The transaction, which is due to close in Q4, will see Gallagher buy Willis Re for $3.25bn
