Latest News – Page 299
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NewsFCA’s pricing reform ‘timeline is very aggressive’ – Axa
The insurer is ‘going helter skelter’ to meet the year-end deadline for pricing changes in the motor and home insurance markets says UK retail boss
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NewsCovid-19 drives underwriting losses of £2bn for Lloyd’s market – Insurance DataLab
’Financial pressures will continue to affect businesses’ as the world’s economies emerge from the pandemic, according to Insurance DataLab’s Matt Scott
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NewsClearer e-scooter rules needed for insurance policy development – More Than
More Than is ready to work alongside the ABI and government to further understand options for a legislative framework around e-scooters
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NewsIrish competition authority secures commitment from six insurers to combat price signalling
Despite the end of the CCPC’s formal investigation, the authority ‘is in no way giving the industry a clean bill of health’ when it comes to organisations’ culture around compliance
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NewsMarkel provides motorcycle cover capacity for US insurtech
The offering is a ‘natural progression in the evolution of motorcycle insurance’ says executive underwriting officer
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NewsJobs at risk as Endsleigh migrates some personal lines business to A-Plan
Endsleigh Insurance is proposing some changes to its distribution and branding model, to refocus its core business on student, education and charities
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NewsTokio Marine Holdings completes share buyback
The purpose of the repurchase is to implement flexible financial policies
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NewsFCA updates GI pricing rules following stakeholder feedback
Changes include reporting requirements around commission-rebating and the definition of renewal business
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NewsOrdnance Survey takes equity stake in Flock
The insurtech’s chief exec says the insurance company of the future won’t just pay claims, but it will ’actively help customers avoid them’
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NewsWillis Tower Watson sues broker rival over ‘poaching’ for its public entity team
Alliant has appointed a number of senior vice-president positions over the summer months
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FeaturesBriefing: Highway Code changes could create claims cost uptick from ‘presumed liability’
Pedestrian and cyclist rule changes could also impact claims volumes – motor insurers will have a lot to juggle if they don’t prioritise customer education now
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NewsTokio Marine Insurance Singapore falls victim to ransomware cyber attack
The group has since hired an external specialist to verify the impact of the attack
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NewsWhitespace sees 84% increase in business placed on its etrade platform during 2021
Stephen Catlin, Whitespace’s advisory board member, says the platform is playing ’a vital role’ in the shift to digital
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NewsArch UK hires new broker relationship development manager
The new recruit will support the firm’s business transformation strategy and further strengthen its branch network
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NewsThe Ardonagh Group reports 2021 H1 loss of £41.3m
The firm has also secured additional ‘combined funding’ of £900m to help continue its ‘M&A and investment strategy at pace’
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NewsAviva is ‘very confident’ ahead of FCA pricing reform implementation
The insurer is ‘committed to being ready’ for the upcoming regulatory deadlines, despite the amount of work that needs to be done by the end of the year, says UKGI boss
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NewsTalbot Jones buys commercial insurance broker
Talbot Jones managing director says the broker looks forward to building more relationships across the UK
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NewsAegis London promotes internally for new head of claims operations
The hire is one of two promotions in the insurer’s restructure of its senior leadership team
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NewsInsurance premiums drop by 16.9% for the UK’s youngest van drivers – Consumer Intelligence
Average van insurance premiums have increased by 33.6% since April 2014
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NewsEtrading specialist Quotall enters strategic partnership with Acrisure
The deal is an ‘important step’ for the insurtech because it builds on ‘strong new business prospects’, says Quotall boss
