Latest News – Page 327
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Guy Carpenter appoints former Swiss Re director as MD and co-head of cyber
The newly created role demonstrates the broker’s ambition to strengthen its market position in this line of business
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Two insurers sued for £2.6m for alleged ‘waterproofing blunder’
In an ongoing case, Aviva is one of the insurers accused of failing to inspect and repair water damage
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Lack of insurance solution causes yet another music festival to cancel
The absence of a state-backed insurance scheme has left organisers in a ‘tricky position’
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Aston Lark makes second acquisition in Ireland
The firm has an ambition to become ‘Ireland’s leading independent insurance broker’
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Ardonagh and Beazley team up for new cross class follow capacity solution
Broker chief executive says the deal is an ‘endorsement’ of the firm’s ‘data-powered strategy’
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Brokers need better access to underwriters to tackle market challenges
Broker chief exec says the industry has ‘seen the best and the worst in the market over the past 12 months’
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Davies Group to cut up to 11 jobs in Stoke-on-Trent office
A two-week consultation period is due to end this week
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Insurance Times’s Tech and Innovation Awards 2021 open for entries
With a total of 15 categories, 11 of which can be entered, don’t miss out as Insurance Times returns with the Tech and Innovation Awards
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Ticker appoints former Munich Re staffer as non-exec director
Chief exec confirms appointment at ‘exciting time’ for the insurtech
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Insurers have paid £600m in interim and final BI claims payments
Around 13,670 BI policyholders out of the 35,438 who have had claims accepted have received at least an interim payment
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Mark Wilson’s insurtech could trump competitors with AI – GlobalData
Abacai Holdings identified as ’a startup to watch’ thanks to AI focus
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Mosaic appoints new co-chief executive
The new hire is regarded as a ‘respected industry figure with a celebrated track record’
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Apollo makes senior hires as part of long-term growth plan
The hires will help develop innovation at the (re)insurer
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Partners& buys Nottingham-based broker
The move supports the broker’s strategy to build its presence in the Midlands
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Arma Karma launches subscription-based policy for renters
The insurtech will also donate 25% of its policy revenue to charity each month
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Marshmallow Financial Services accused of stealing ‘trade secrets’
In an ongoing court case, the insurtech has been accused of profiting from a joint business agreement by tapping into ‘trade secrets’
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LV= General Insurance launches new sustainability standard
The standard aims to make its branded bodyshop network more environmentally sustainable by setting carbon neutral targets
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Markerstudy Group appoints ex-Tesco Bank boss as group chairman
The new recruit will support the board by advocating an ESG agenda
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Compass and Broker Network’s virtual trading event sees £4m worth of deals completed
Facilitating broker and insurer networking despite the pandemic is vital as insurance is an industry that ‘thrives on relationships, thrives on connectivity and thrives on having meaningful engagement’, says networks and products managing director
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Insurers refuse four-by-four car cover as thefts double over decade – Broadway Insurance Brokers
Misunderstanding policy wordings can also create extra expense for policyholders if their claims are refused