Latest News – Page 288
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News
BrokerFest 2021: Broker networks ‘oversell’ their value - Trident Insurance
Brokers can remain independent from merging with big conglomerates if they remember what they are good at, says broker director
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FCA still concerned over industry understanding of product governance rules
The regulator said that brokers are struggling to identify themselves as manufacturers or distributors, meaning they are uncertain whether updated product governance rules apply to them
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Domestic and General awards interim chief financial officer permanent role
The candidate is the ‘ideal person’ to progress the company’s finance agenda, says chief exec
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HB Underwriting partners with insurtech to launch tenants’ contents product
The cover aims to close the insurance accessibility gap for social and affordable housing tenants
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BrokerFest 2021: SMEs face underinsurance risk around intangible assets
Although cyber cover for SMEs is a ‘tough sell’ for brokers, these businesses should be encouraged to seek expert advice ‘because they won’t understand intangible risks as well as brokers do’
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Beazley receives in principle approval to establish ESG-centric syndicate
The syndicate will offer additional capacity to businesses performing well against ESG metrics
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Allianz Insurance launches sustainable procurement charter
Working to combat climate change, the initiative will ‘help develop a shared mindset’ between the insurer and its supplier partners
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FCA chair plans to step down in spring 2022
Chairman wishes to hand oversight of the FCA’s transformation programme to successor who will see the project through to completion
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BrokerFest 2021: Businesses struggling to keep pace with hardening cyber market
With ransomware and cyber threats constantly evolving, CyberCube’s chief growth officer discusses what brokers can do to help clients in a hard market
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Telematics provides one in four of the cheapest motor insurance quotes – Consumer Intelligence
Despite keeping ‘prices affordable’, there is a ‘huge difference’ between costs for certain age groups, says pricing expert
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BrokerFest 2021: Hybrid working heightens reputational risk for SMEs
Reputational risk is high on businesses’ agendas as many firms have now switched to hybrid or home working models
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BrokerFest 2021: Parametric insurance provides efficiency and business resiliency – FloodFlash
The ‘most exciting’ development in parametric insurance is its use in non-damage business interruption, says broker success manager
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ABI saddened at MP David Amess’ death
The MP spoke at the ABI’s conference in June on fire safety
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Irevolution Group buys motor broker in fifth M&A deal
The deal is an example of the insurance firm’s ‘continuous growth’, says chief executive
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Canopius Group appoints chief operating officer from WTW
The new hire is ‘hugely experienced across the gamut of global (re)insurance’, says deputy chief executive
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Seventeen Group reports 8.3% revenue growth amid Covid-19 pandemic
The broker’s strategic objectives remains to grow ‘both organically and through acquisition’
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Catch up on BrokerFest 2021
Did you miss any of Monday’s sessions? Check out Insurance Times’ coverage of BrokerFest 2021 below to read insights from across the conference…
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News Analysis
BrokerFest 2021: Challenges in etrading offer opportunities for data enrichment
An expert panel at Insurance Times’ BrokerFest 2021 conference earlier this week debated the challenges in the etrading landscape and how technology could provide a solution
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Ex-Marsh and Aon boss joins Broadway Insurance Brokers as director of corporate services
Broadway’s chief executive says there will be further appointments in the coming months
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Sabre suffers drop in GWP due to Covid-19 and FCA pricing reform
Profit before tax for 2021 is expected to be below the range of analysts’ forecasts