Latest News – Page 308
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News
New Zealand’s antitrust watchdog considers Aon’s proposed divestments ahead of WTW merger
The Commerce Commission is set to deliver its decision on 20 August as to whether it will approve the acquisition
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London professional indemnity market expected to thrive over the next year – Clyde and Co
Recession, cyber threats and regulatory intervention are insurance professionals’ biggest concerns
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Aston Lark buys specialist golf broker
The deal marks Aston Lark’s second acquisition this month
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Insurance industry leaders inaugurate alliance to accelerate net zero transition
The insurance industry and wider financial sector ‘have the power and responsibility to drive progress’
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Admiral Group predicts higher than expected pre-tax profits for H1 2021
Admiral hopes to return £400m to its shareholders via special dividends following the sale of Penguin Portals completing in April
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European Commission approves Aon-WTW merger subject to divestments
The European body agrees to Aon’s proposals to sell off businesses to Gallagher in order for WTW merger to go ahead
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Car insurance premiums plummet 8.4% in the past 12 months – Consumer Intelligence
Data insight firm attributes downward trend to telematics products and regulation
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Insurers brace for claims as spike in e-scooter accidents reported
Admiral believes current reported e-scooter accident numbers are the ’tip of the iceberg ’
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FM Global appoints new president through internal promotion
Thomas Lawson will retire from his role after spending 42 years at the company
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Twitter’s David Wilding: The ‘brutal honest truth’ is that people aren’t talking about insurance
The social media site’s director of planning emphasises that ‘insurance is relevant to our everyday lives and people on Twitter tweet about their everyday lives’
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IT Interview
MGA Q&A: Developing international business is 'enormous opportunity' amid new capacity – Nexus Underwriting
Tim Brangwyn, group chief operating officer at Nexus Underwriting, tells Insurance Times’s head of research, Savan Shah about the new developments for the broker community, the challenges that lie ahead for MGAs as well as achieving four stars from brokers in last year’s MGA survey
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Insurance Times’s Technology Champion of the Year 2021 - who gets your vote?
Five finalists have been shortlisted for the Technology Champion of the Year award for 2021, but who will be crowned the winner?
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FCA issues £90m fine to LBGI for misleading home insurance communications to customers
Home insurance customers were told they were receiving a ‘competitive price’ or ‘discount’ for loyalty at renewal, however this language was not substantiated
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Staysure Group bolsters portfolio with travel insurance intermediary acquisition
The ’strategic move’ allows the group to ‘dominate across both B2B and B2C arenas’
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Coincover set to grow after $9.2m funding boost
The firm plans to provide ’a fundamental building block for a rapidly maturing market’
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Pool Re reveals new expert advisory group to deter future systemic risks
A total of 12 members have joined the group, planning to act to protect the UK economy as ‘when the next risk comes, we must be ready for it’
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LV=’s Flow launches flexible contents insurance aimed at millennials
The product aims to provide ‘simple’ and ‘straightforward’ cover for an underserved market
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RMS appoints managing director for UK insurance business
The new hire believes the firm is ‘uniquely positioned to lead the development of an open, unified platform for global risk’
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LMA promotes new underwriting director
The move sees the fulfilment of a succession plan for current underwriting director Jane Hayes