Latest News – Page 303
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NewsCyber insurance ‘needs to evolve’ as it is ‘not the right product’ for the future – Hiscox
Incoming chief executive says the insurer is reaping the benefits of taking a more preventative stance
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NewsGRP-backed broker buys Three Sixty in first deal under new ownership
The deal aims to expand the broker’s footprint to the north west of England
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NewsDirect Line completes ‘heavy lifting’ of technology transformation
The insurer’s chief exec says transformation is ‘not just about tech’, but pairing it with the right cultural mindset
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NewsDirect Line’s profits return following pandemic-stricken motor market hit
Its gross income from car insurance premiums fell by 6.2% in the first half of 2021 due to fewer cars on the road, yet chief exec says the firm is ’entering the second half of the year with ambition and confidence’
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NewsPIB-owned Barbon Insurance Group buys all-in-one lettings platform
The deal is PIB Group’s sixth purchase this year
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NewsHiscox boosts profit in first half of 2021
Chief executive confirms that nearly 4,000 full and final or interim BI claims payments have been paid as at the end of July
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NewsNFP buys Dublin-based broker
The broker plans to bolster its P&C expertise with the new addition
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NewsOIC portal has had ‘troubled start’ – Sabre Insurance
Chief executive believes part one of the whiplash reforms have so far been ‘clunky’, ‘complicated’ and ‘much more difficult’
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NewsTool and equipment trade body chooses Towergate for insurance partner
The broker will provide services for the association’s 800 members
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NewsAgeas to offer Sainsbury’s Bank customers motor insurance
The move signals the insurer’s ‘commitment to our chosen market of personal lines’, says chief distribution officer
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NewsThe Clear Group reports £28m revenue for 2020 thanks to acquisitions
The broker reveals plans to expand into ‘new markets for insurance’
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NewsAxa’s ‘P&C profitability bounced back’ in 2021’s H1
Group chief executive is ‘confident about the future’ of subsidiary Axa XL, which has been a key driver of financial success in the first half of the year
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NewsLoyal customers to benefit from FCA’s price walking ban
Uncertainty in the market around what will happen following the FCA’s price walking ban remains, but car insurance premiums are now the cheapest they have been since 2016
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NewsSwiss Re concerned over increasing extreme weather risks following UK flash floods
Insured damage needs to remain as ’something that is exceptional rather than something that happens as a matter of course’ for the insurance industry to continue providing cover
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NewsZurich urges cross industry collaboration on AI risks and opportunities
There are few AI insurance policies that are commercially available and losses are not explicitly covered by traditional insurance coverage
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NewsOccam Underwriting promotes internally for its new boss
Previous chief executive Lance Gibbins will become the business’s chair
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NewsGallagher reports £2.1bn revenue rise for broker segment
Gallagher’s Matson says the broker looks forward to ‘continued growth’
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NewsBrit Insurance sees GWP increase by 14.2% amid Covid uncertainty
Brit’s group chief exec says Ki has had ’very positive reception’ from its broking partners
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NewsPartners& reveals new recruitment proposition
Phil Barton, Partners&’s chief exec says that by partnering with Markel on this it has created a ‘true 360 degree proposition’
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NewsFlock raises $17m to reinvent insurance for connected vehicles
The insurtech’s chief exec says ’commercial motor insurance is a $160bn market crying out for disruption’
