Latest News – Page 324
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NewsPIB buys Spanish specialist broker
The purchase represents a continuation of the firm’s strategy to turn towards European M&A
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NewsInsurance DataLab names best broker in UKGI
It marks the second consecutive year the broker has finished on top in the market intelligence firm’s rankings
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NewsClimate change losses have increased by 270% – Capgemini and Efma
A new report has made three recommendations to boost insurers’ climate resiliency, relevance and profitability
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NewsNuvalaw welcomes four new law firms to its ADR platform
One law firm hopes the resolution will become an ‘industry blueprint’ for tackling OIC-related issues
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NewsSkyline Partners scoops $1.75m in funding amid next growth phase
There has been increased traction for parametric solutions in the market
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NewsARB reveals new draft guidance on insurance
Proposed alterations to the code stem from architects expressing issues with managing insurance sector developments
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NewsFCA’s general pricing rules drive up van insurance premiums by 6.3% - Consumer Intelligence
The pricing expert believes that the regulator’s movements are hampering cheap market deals
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NewsGRP’s County Group buys broker in third deal of 2022
County Group is ‘actively looking for more opportunities’ and is keen to speak to vendors
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NewsFCA confirms significant delays in M&A process
Firms looking to complete acquisitions could face waits of over two months for regulator approval
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NewsAndy Burnham: ‘Managing risk is an ongoing reality for all of us’
The mayor of Greater Manchester believes ’challenging some of the norms in the way that we work’ will help manage risks moving forward
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NewsAdam Winslow: Managing inflation means separating commercial lines from personal lines
Despite the challenges of inflation, there is an opportunity for both insurers and brokers to do ‘really well’ through better understanding insurer risk appetite, says UKGI boss
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NewsInflationary impacts keeping brokers ‘on their toes’
The ’massive issue’ of underinsurance will also be exacerbated
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NewsRising inflation is of ‘serious political concern’ to insurance sector – Elisha Walia
The insurance sector should not assume that the economic environment is ‘transitory’
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NewsBrokers’ commission must be ‘reflective of the value’ provided to customers, says FCA
The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’
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NewsAviva’s Blanc calls out industry sexism
The insurance giant chief executive was the target of “inappropriate” comments at last week’s AGM
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NewsSheldon Mills: FCA does not have ‘one-size-fits-all approach to regulation’
Achieving balance between the regulator’s 4,500 staff and the 55,000 firms its regulates is a challenge, notes the executive director
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NewsABI reveals record low for home buildings and contents insurance pricing
It is ‘too early’ to tell, however, how the FCA’s new pricing rules will have an impact, says general insurance manager
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NewsRegulation in the ‘age of acceleration’ represents a ‘black elephant’ for the sector
Quick-fire technology developments mean the government is at risk of ’regulating the previous innovation, rather than the next’
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NewsNatural catastrophe claims knock Q1 P&C operating profit for Allianz Group
Chief executive states that the insurer’s ‘results demonstrate that our business can withstand significant geopolitical and economic pressures’
