Latest News – Page 321
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News
Government ‘needs to put some rules in place’ for e-scooter use – Weightmans
Privately purchased e-scooters outside of the government’s schemes are unlikely to have insurance – cover requirements must be made clearer said law firm partner
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Ardonagh Global Partners reveals new CFO
The new hire brings 25 years of experience to the role
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Wrisk closes £4.6m funding round
The insurtech will be using the funding to grow its team and scale its platform further
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SRG appoints managing partner and head of M&A from PWC
The new hire’s approach is ‘highly aligned’ with SRG’s own stance on M&A says group chief executive
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‘More work to do’ on business interruption cover as lockdown lifts
Within business interruption cover, its ’strengths have become its weakness’ in terms of flexibility says Allianz director
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FCA plans to enhance consumer protection for retail customers
The regulator aims to ‘put consumers in a stronger position to make good decisions’ thanks to proposed rule extensions
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Government needs ‘to do something positive’ to clarify impact of EU Vnuk ruling on UK law
The UK cannot rely on Brexit to eliminate the potential extra premium costs associated with the Vnuk ruling – the government must legislate, says law firm partner
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Biba plans return to Manchester for 2022 conference
Chief executive said the trade association was ‘overwhelmed with support’ when the coronavirus pandemic hampered 2020’s conference plans
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Aston Lark promotes internally to fill new integration director role
The candidate aims to ensure ‘operational cohesion’ as Aston Lark continues to buy businesses
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Right Choice Holdings inks deal with motorcycle broker
The acquisition adds ‘greater diversity’ to Right Choice Holdings’s portfolio
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Brokers must build ‘muscle memory’ to be ‘match fit’ for future grey swan events
Plus, brokers have moved away from the ‘old school thinking’ of ‘if you’re not present, you’re not productive’ when it comes to managing staff remotely
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Brokers are ‘absolutely crucial in the survival of SME businesses’ through pandemic
Regarding the Covid-linked business interruption claims debate, brokers were in ‘prime position’ to tell ‘the truth of the story’ said broker director
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Biba 2021: Day Two
PremFina’s chief executive reveals how its new Finance as a Service app aims to help customers ’consume insurance that fits their needs’
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Beazley’s GWP doubles to 16%
Significant underwriting actions have also been in place since September 2020 due to surging claims driven by ransomware
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MGA Renovation Underwriting appoints head of distribution
The hire, who is well-known in the HNW broking community, brings over 35 years of experience to the new senior role
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Employment claims influx ahead following furlough scheme closure – ARAG
Rates in the employers practices liability insurance market were hardening prior to the pandemic – some non-specialist providers had already withdrawn
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‘Appropriate’, not heavy, regulation needed for broking sector – Biba
The FSCS’s initial £1.04bn levy figure ‘must have been scribbled on the back of a fag packet’, says the trade association’s non-executive director
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Breaking News
Insurance Times eTrading 2021 survey results revealed
This year’s etrading results are out now - find out which insurer extranet platforms achieved five stars, which insurer provides a top-notch experience via a software house and discover how brokers ranked their broker management systems
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News
SRG buys Irish liability and property MGA
The MGA is targeting its ‘next stage of growth’ following the acquisition
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‘Over-rewarded’ scale driving consolidation leads to broking’s ‘worst practices’
Despite the broking market being described as ‘a dangerous place now’, chief exec urges industry to ‘not let the word “consolidation” become the new dirty word’