Latest News – Page 313
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NewsInsurtech Urban Jungle launches building and contents insurance for younger homeowners
The product aims to fill a gap in the market as young customers are ‘ignored by the big insurers’, says insurtech
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NewsSuez Canal Authority claim hearing potentially adjourned after ‘long and arduous’ negotiations
The ship’s indemnity insurer is hoping to “take the necessary time to reach a final and amicable solution that satisfies all parties”
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NewsThree taxi drivers convicted of fraud by misrepresentation
ERS’s claims manager said the case demonstrated ’an act of wilful deception’, which is why the insurer felt it ’had no choice but to pursue a criminal prosecution’
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NewsCFC Syndicate 1988 starts trading
The business believes it is the first independent MGA of scale to establish a Lloyd’s syndicate
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NewsAviva partners with WWF on industry action plan to achieve net zero targets
Amanda Blanc says the collaboration will ’ensure the financial sector gets its act together’ around working towards net zero
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NewsUK tech sector reaches 100th unicorn milestone following Tractable valuation
The UK now has more tech unicorns than Germany, France and the Netherlands combined - MP Oliver Dowden says this ’cements the UK as one of the world’s top tech hubs’
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FeaturesBrokers that failed to invest in tech pre-pandemic ‘exploited’ by rivals – Aviva
Etrading commercial combined policies presents a “key opportunity” as brokers look to digitally trade more complex covers moving forward, says expert panel
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NewsLonmar Professions appoints divisional director from Gallagher
The new hire, who will have a retail focus upon joining the firm, has more than 30 years of industry experience
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IT InterviewMGA Q&A: Business interruption crisis highlights ‘very little’ known about insurance cover – DOA Underwriting
DOA Underwriting Ltd’s director Phillip Oliver tells Insurance Times why the business interruption crisis demonstrated that ‘very little’ is known about insurance as well as discussing this year’s MGA survey
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NewsDavies Group inks deal to buy property claims firm to expand North American reach
The firm will bring a ’wealth of knowledge’ to Davies according to group chief executive
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NewsAon-WTW merger allows for ‘combination of complementary solutions’ – GlobalData
The data and analytics firm disagrees with the US Department of Justice’s stance that the acquisition would result in higher prices, reduced quality and less competition
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NewsLloyd’s of London secures £650m five-year cover for Central Fund
With the backing of eight reinsurers, the cover will act as a ’significant buffer’ against adverse solvency
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NewsAston Lark snaps up concrete specialist broker
The deal boosts the broker’s total number of acquisitions this year up to 15
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NewsUS Department of Justice files lawsuit against Aon-WTW merger
Attorney general says the legal action displays the department’s ‘commitment to stopping harmful consolidation’
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NewsTractable becomes UK’s first computer vision unicorn amid $50m investment
The insurtech’s revenue has grown 600% in the past 24 months
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NewsCovid erodes macroeconomic resilience - Swiss Re
Insurance resilience is lowest for natural catastrophes, with the protection gap growing to a record $1.4 trillion
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NewsFlock partners with Asia’s largest insurer to reinvent commercial fleet insurance
The insurtech’s chief executive says insurers of the future ‘won’t simply pay claims’, they will actively reduce risk
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NewsCovéa Insurance and Vitality incentivise better driving with new car insurance offering
The product will incentivise and reward good driving, as well as green choices made by motorists
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NewsSSP names new chief executive
The new recruit has 15 years of experience in the insurance industry and has previously worked at A-Plan and Comparethemarket
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NewsOneglobal Broking appoints new group chief operating officer
The new hire brings more than 30 years of experience to the senior team
