Latest News – Page 298
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NewsLV= committed to working with customers ahead of FCA’s fair value deadline
LV= Broker’s distribution and underwriting director says ’there’s likely to be quite a high level of disruption to market pricing and propositions’ following the implementation of the FCA’s pricing reform changes
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NewsGRP-owned Higos snaps up Cornish broker
The deal will boost the business’ footprint in the South West and help achieve mutual long-term ambitions
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NewsTesla Insurance could be worth more than Aviva
Elon Musk’s electronic vehicle firm saw sales topping £1.14bn last year in Britain
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NewsMore strategic cooperation between automotive insurers and supply chain needed – Sedgwick
Sector collaboration is vital as ’dealers and car distributors may lack the expertise to handle complex issues around electronics, telematics and sensors’, says loss adjusting firm
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NewsFCA concerned that insurance firms unprepared for incoming product governance rules
The regulator’s executive director for supervision says ‘it’s worrying that some firms may not be ready’ for 1 October deadline
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NewsInsurtech partners with WHSmith to offer insurance to UK retail customers
The retail business is making an ‘innovative move’ to provide insurance for its customers and ‘shake up the traditional retail insurance market’
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NewsZurich Insurance Group hires group chief data officer from PWC
The new appointment aligns with the insurer’s ambition to build ‘trust in how global companies use data and technology for good’
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NewsGRP appoints ex-Marsh UK head of placement and networks as retail CEO
The new hire is expected to ‘make a big and positive difference’ to GRP’s retail portfolio, says group chief executive
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NewsRugby legend opens Romero Insurance Brokers’ seventh UK office
Romero has also recruited 10 graduates for its new trainee programme
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News65% of brokers believe prolonged homeworking has had negative impact – Aviva
In particular, 72% of regional brokers felt that prolonged homeworking had a negative impact on wellbeing
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NewsTechnology is a deal catalyst and barrier for M&A – Clyde and Co
The law firm stressed that ’insurtechs are now in the position of being both attractive as assets as well as potential acquirors’
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NewsUK leads the way for M&A – Clyde and Co
Global law firm says that despite the challenges of the last 18 months ’the insurance industry has responded well’
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NewsCoverys European Holdings bolsters business footprint with Irish acquisition
The newly acquired firm has held Lloyd’s coverholder status since 2013
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NewsABI reveals code of practice for child sexual abuse claims
The trade association has responded to the 2019 report from the Independent Inquiry into Child Sexual Abuse
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NewsAviva reveals ‘clear mistrust of financial services adverts online’
The insurer is calling on the UK government to update its Online Safety Bill
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NewsRNA Analytics promotes internally for new EMEA managing director
The hire brings over 15 years of insurance and finance experience to the role
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NewsNew EU speed limiter tech could hit UK car insurance prices
Insurance premiums ’could be reduced’ if new technology succeeds in cutting down the amount of accidents on UK roads, says aggregator Confused
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NewsAxa has paid £75m for Covid-linked BI claims to date
UK retail boss adds that the business is ‘in a very robust position to move forward and evolve’
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NewsBI insurance claims payouts nearing £1bn but ‘it should have been more’
According to the FCA, 15,400 policyholders with BI claims approved are still waiting for business interruption payouts
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NewsLloyd’s syndicate Ki hires new chief technology officer
Ki’s chief executive says the syndicate is adopting a ‘technology-first’ approach to underwriting
