Latest News – Page 306
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NewsCII teams up with professional body to build new route into insurance for school leavers
The new qualification will improve the ‘socio-economic diversity’ of the insurance sector’s talent attraction by ‘reducing the focus on those who have been able to gain higher education’, says early careers manager
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NewsUK P&I Club snaps up chief underwriting officer from Newline Underwriting
The firm’s outbound CUO will be moving up the ranks to head up the firm’s arm in the Netherlands
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NewsEsure’s in-force policies dropped by 3.2% in H1 2022
Chief executive explains that 2021’s £21.3m profit dip has been funnelled into digital transformation work
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NewsMarkerstudy Group appoints new head of counter fraud
The new hire has over 20 years’ experience in fighting fraud within the insurance sector
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NewsInsureds facing higher renewal prices despite FCA’s price walking ban – Which?
The regulator previously stated that its rules against price walking should see consumers save £4.2bn, however
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NewsD&O insurance pricing down – Aon
Despite branding market conditions for the line as moderate, the broker noted that pricing fell, capacity was abundant and underwriting was more flexible
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NewsUK local councils hit by 2.3 million cyber attacks so far in 2022 – Gallagher
Only 23% of councils currently hold a cyber-insurance policy despite a rise in cyber attacks
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NewsMIS teams up with Markel International for major loss events proposition
Markel’s claims director of wholesale says MIS’s solution gives the business ’another string to our bow’
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NewsDemand for trade credit cover will increase even as appetite reduces – Aon
Supply chain issues, inflationary pressures and geopolitical uncertainty contributed to the market’s challenges in Q2 2022
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NewsZego inks deal with QBE to expand telematics-based fleet insurance offering
The pair share a passion for innovation around risk, says insurtech’s chief executive
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NewsSompo International agrees sale of EAL to ‘withdraw’ from Lloyd’s
The move marks the culmination of the firm’s strategy to divest itself from Lloyd’s and focus on the London market
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NewsBrokers set for key role around possible post-Brexit IPT changes
Changes to insurance premium tax could lead to greater administration burden for the UK’s insurance sector
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NewsAxa completes sale of Malaysian insurance operations
Generali has bought Axa’s shares in this territory for total cash proceeds of €140m
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NewsInflation-driven ‘dip’ in renovation market could hit HNW sector
However, ultra high net worth clients may be more resilient to underinsurance caused by inflation
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NewsBroadway Insurance Brokers triples GWP to £4.5m in 12 months
Chief executive says the broker is hoping to make several new senior appointments soon
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NewsIndustry fraud crackdown sees dishonest claims fall in number and cost – ABI
With the cost of living crisis potentially triggering a fraud epidemic, one industry leader is calling for the Insurance Fraud Taskforce (IFT) to reconvene
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NewsStubben Edge Group buys division of B2B media business
Group chief executive says the acquisition will ’help SME entrepreneurs solve some of the problems they face’
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NewsJunior underwriter at reinsurer wins sexual discrimination case
A derogatory comment was made about the underwriter’s breasts
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NewsEcclesiastical enhances art and private client policy to cover cyber risks as standard
Art and private client business director reveals that policy changes are the result of broker feedback
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NewsAllianz Holdings names Aviva director in newly created compliance role
The hire continues Allianz’s investment in ‘second line defence’, says chief executive
