Latest News – Page 307
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NewsBroadway Insurance Brokers warns holiday makers against ‘amber gambling’ with travel insurance policies
Broadway Insurance Broker’s director of private clients says this is the next phase of the fallout following business interruption claims
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News‘More mea culpas for insurers’ expected after FCA fines Lloyd’s Bank General Insurance £90m
Insurance software firm believes ’insurers have been lazy in their efforts to build loyalty and improve retention rates’ and that an ’altogether new approach to customer loyalty is needed
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NewsAlmost half of executives think insurers don’t understand their business – Beazley
Only 54% of Beazley’s survey respondents believe that insurance is meeting their businesses’ challenges very well
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NewsCollective Benefits raises £6m to further expand across Europe
Anthony Beilin, Collective Benefits’ co-founder and chief executive, sees the investment as a ’major vote of confidence’
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NewsInsurance Times sees success at Willis Towers Watson Media Awards 2021
Two Insurance Times journalists receive accolades at this year’s virtual event
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NewsHiscox pays out more than £5.2m of Covid BI claims following specialist broker settlement
More claims are yet to be finalised, but policyholders include British nightclubs and other live event music venues
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NewsGRP-owned DCJ Insurance Group secures second 2021 acquisition
The deal provides ’a great platform to spread well beyond our Derbyshire roots’, says DCJ boss
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NewsFPCs and ‘Build Back Better’ approach can support communities struggling with flooding – Flood Re
Due to the detrimental impact of flooding on socially vulnerable and ethnic minority communities, the insurance industry ‘must support the roll out of Build Back Better’
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NewsTempcover scoops new partnerships director from Zego
The hire plans to collaborate with the broker market
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NewsFCA commits to being ‘tough, assertive’ and a ‘proactive regulator’ in its latest business plan
Chief executive vows the regulator will be ‘fit for purpose’, highlighting priorities such as consumer duty proposals and tackling fraud, as well as supporting net zero targets and D&I
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NewsNine out of 10 brokers believe specialising offers competitive advantage over rivals – Ecclesiastical
Around 84% of brokers think being a specialist makes them more profitable
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NewsLloyd’s Europe set to complete leadership team with new appointments
Lloyd’s of London boss John Neal says that with these appointments in place at Lloyd’s Europe, the market has the leadership it needs ’to oversee and deliver the right solutions’
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NewsPandemic-stricken vehicle mileage sees biggest drop since 1994 - ACSO
The consumer body is urging insurers to ‘cut the cost of car and van insurance for UK motorists and treat their customers fairly’
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NewsAllianz Holdings restructures to form distinct commercial and personal lines divisions
Chief executive says the changes are ‘the next step along the road’ following the insurer’s acquisitions of LV= and Legal and General
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NewsInsurers have paid more than £875m in interim and final BI payments this year
The FCA calculates that 23,933 policyholders out of 40,531 who have had BI claims linked to the test case action accepted have received at least an interim payment so far
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NewsLondon named as UK’s car theft claims hotspot – Co-op Insurance
Lambeth topped the list in London, with Kensington and Chelsea coming in second
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NewsSpectator-less Olympics could cost insurers and reinsurers millions – Fitch Ratings
Payouts regarding spectators should be limited to losses from ticket sales and hospitality
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NewsZurich Insurance joins GRP-owned Hedron Network panel
The strategic move hopes to provide ‘lasting benefits’ for the network’s brokers and clients
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NewsLloyd’s hires Legal and General chief operating officer for newly created role
The new hire has 20 years of experience in the insurance and finance sector
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NewsZego teams up with energy giant for EV service offering
The partnership aims to increase the use of electric vehicles in the ride-hail sector
