Latest News – Page 314
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NewsBoE launches climate stress test for banks and insurers
It will provide central banks and supervisors globally with a common starting point for analysing climate risks under different scenarios
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NewsFlooding is ‘greatest natural disaster’ risk in UK – Flood Re and ABI
In a joint report, the ABI and Flood Re underline the importance of maintaining flood defences
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NewsLaw firm advises Howden Group amid Parhelion launch
The law firm’s head of global insurance says ESG and business success are ‘inextricably linked’
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NewsMark Wilson’s insurtech appoints six new senior leadership hires
The business plans ’to drive product disruption in this industry, on behalf of both our B2B and B2C customers’
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NewsRegulator CLC launches call for evidence on the operation of its Participating Insurers Agreement
The evidence will help shape a formal consultation later this year for potential improvements in professional indemnity insurance arrangements
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NewsPeach Pi and insurtech join forces for bespoke freelancer and micro SME cover
The insurtech approached Peach Pi about the solution as the niche insurer has a ’real understanding’ of the health and wellbeing sector
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NewsNuvalaw launches to UK market following successful pilot programmes
The claims resolution business is ready to ‘fill the void of the lack of ADR’ in the Official Injury Claim portal
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NewsInsurers have paid more than £750m in interim and final BI payments to date
The FCA calculates that 20,347 policyholders out of 37,702 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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NewsConstruction and manufacturing sectors among top users of credit to cover insurance costs – Premium Credit
The firm’s chief sales and marketing officer says commercial insurance prices have been ’rising dramatically’
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NewsConsumer group questions extent of Covid cover in travel policies
Analysis of 263 travel insurance policies reveals that only 3% of policies protect against policyholders failing to travel due to a need to quarantine on their return
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NewsRSA hasn’t ‘missed a beat in terms of service’ to brokers, but survey results differ
Chief executive for UK and international admits that the insurer needs ‘to keep pushing ourselves to do a better job for brokers’
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NewsRecord number of commercial lines policies etraded in March 2021 – Polaris
There is ‘growing insurer and broker appetite to trade more complex products’ via etrading
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NewsAdmiral announces new independent non-exec director
The new appointment has experience within the US motor market
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NewsSaga appoints chief exec of insurance from Tesco Underwriting
The new hire, who also acted as chief insurance officer at Tesco Bank, has more than 30 years of industry experience
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NewsDavies Group buys contact centre consultancy amid North American expansion
Davies Group chief executive says diversifying its solutions and expanding operations across North America is an ’important plank’ to its growth strategy
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NewsAston Lark Ireland makes another acquisition
This marks Aston Lark Ireland’s fourth acquisition in 2021
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NewsInsurance sector could fork out up to $3bn for Tokyo Olympics cancellation
The International Olympic Committee is pushing ahead for the games to be conducted safely
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NewsMotorcyclist fails to ride off with £20,000 personal injury claim after fundamentally dishonest verdict
The claimant, who pursued the case for five years, has been found fundamentally dishonest by the County Court at Kingston upon Thames
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NewsLack of cover leaves SMEs exposed to cyber attacks – Aviva
Over three-quarters of businesses do not have any cyber insurance cover in place, despite escalating digitisation
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NewsAXA France offers €300m BI settlement to 15,000 restaurant clients
Settlement offers are expected to be available between 21 June and 20 September 2021
