Latest News – Page 326
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NewsAxa’s property and casualty revenue up 2% despite ongoing Russia-Ukraine tensions
The group’s chief financial officer says it has stopped writing all new insurance business for Russia
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NewsUK’s retail and industrial sectors face biggest flooding risk – FloodFlash
FloodFlash’s chief science officer says that floods in Northwich and London are ’a pertinent reminder of the ongoing threat from extreme weather’
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NewsStaff complacency increases cyber risk for firms
Exactly 31% of respondents admitted to sharing workplace passwords
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NewsPrevisico and UK-based MGA ink partnership to boost flood resilience
The latest partnership aims to support SMEs to better protect their business using flood resilience measures
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NewsDirect Line estimates extreme weather claims to reach £40m
The insurer says these potential claims are within its budget for the year
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NewsAverage cost of motor insurance has fallen 5% – ABI
This means consumers are enjoying the lowest average costs for nearly seven years
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NewsMarkel’s Richard Whitt confirms retirement date
The firm’s co-chief executive first joined the company in 1991 and has played a pivotal part in transforming the company into a ‘global leader’, says chairman
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NewsSeventeen Group purchases Devon-based broker
The move will complement the group’s presence in the Southwest
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NewsAegis London deploys Phinsys to execute digital transformation strategy
Aegis wanted to find the ‘right partner’ to provide future-proof solutions
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NewsFCA boosts hiring spree with three new appointments
Two appointees have been promoted internally, with the other joining from Goldman Sachs
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NewsAston Lark buys Manchester-based broking group in 50th acquisition
The pair share the same fundamental values, says group chief executive
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NewsWTW suffers $138m financial hit on Russian business exit
The broker saw a 3% dip in its revenue compared to the same period last year as a result
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NewsLloyd’s of London faces legal battle after Putin ‘swipes’ 500 planes
In March, the Treasury banned UK insurers and reinsurers from serving Russian firms
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NewsMarkerstudy Group completes BGL Insurance buy
Markerstudy’s chief exec says the deal will provide ’digital distribution capabilities’ and ‘insurtech prowess’ for the pair
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NewsPrestige Insurance Holdings launches new broking brand into Northern Ireland
The firm’s app aims to change the car insurance journey for both consumers and insurers
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NewsFCA collecting data on fair value for leaseholders
Leaseholders have warned that a ‘major financial scandal’ is developing over hidden commission fees
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NewsGallagher reports 14% UK organic growth for Q1 2022
The broker estimates sanctions and its compliance with them will adversely impact its full year 2022 brokerage segment annual revenues by up to $10m
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NewsGovernment proposals to scrap annual MOTs could see increase in ‘unroadworthy vehicles’
Although the proposed change could save £55 a year, this could lead to more unsafe cars on the road which could subsequently increase insurance premiums
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NewsGlobal net zero transition could double size of London insurance market – LIIBA
It could create an annual total of $125bn (£99.4bn) additional insurance-related spend by 2030 for the costs of transition alone
