Latest News – Page 328
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NewsSaga seeks transformation with strategic turnaround plan
Group chief executive believes the plan will boost growth for the business, while driving sustainable returns for its investors
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NewsRAC Insurance establishes in-house insurance intermediary
The move ‘represents a material shift in our insurance strategy’ says RAC Insurance boss
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NewsNFU Mutual predicts motor claims surge as lockdown eases
The insurer’s prediction follows last year’s claims trends, where drivers flooded back to the roads after lockdown restrictions eased
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NewsClear Group commits to reducing carbon footprint by 30%
To begin with, Clear Group will be upgrading its IT suite and purchasing carbon credits
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NewsCovid clauses creating new D&O concerns
Recent moves by insurers to include broad Covid-19 exclusion clauses may have significant ramifications for the D&O sector
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NewsMore diversity competence and awareness in hiring practices could improve inclusivity in insurance
In the African Caribbean Insurance Network’s recent webinar, an expert panel debated how the insurance industry could improve diversity and retention rates in the sector
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NewsTaurus Insurance extends underwriting agreement with ERGO
ERGO’s head of commercial says the partnership has ‘great potential’
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NewsShed and garage home office spaces could pose risk for insurers – Aviva
In its latest research, Aviva reveals that only a third of people have a designated home office space in their property
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NewsEthos Broking buys London broker to reach baker’s dozen of acquisitions
The acquisition will ‘further strengthen the wider Ethos Broking group’ by creating London foothold
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NewsUK insurers warned of big challenges and put on ‘negative’ outlook
AM Best places UK insurers on negative outlook amid major challenges
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NewsMotor insurers expect usage-based pricing models to be standard in four years – By Bits
Technology was found to be the biggest obstacle for the industry in meeting changing customer needs
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NewsUnderwriting room could remain Lloyd’s focal point, but its role needs redefining – LIIBA
The trade body emphasises that the underwriting room must ’not become the museum of modern insurance’ and that it is essential ’that London remains a critical hub for global insurance business’, despite increased flexible working models
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NewsWhiplash reform rules are ‘cumbersome’ and reflect ‘a big change coming’ – Sabre
The insurer’s chief executive further believes policyholders may not reap the expected premium discounts following the implementation of part one of the whiplash reforms this May
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NewsGRP appoints chief operating officer
The new hire joins from Ardonagh as a ‘marquee signing for GRP’
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NewsAston Lark buys motor trade specialist in ninth deal of 2021
The business aims to become ‘the broker of choice for every type of motor trader’, says group chief executive
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NewsSaga’s full year results suffer due to ‘significant impact of Covid-19 on travel’
The company said travel insurance profitability reduced by £98.3m in the 12 months to 31 January 2021
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NewsClimate change is the ‘biggest single investment opportunity’ for sector – Lloyd’s John Neal
The Lloyd’s of London chief executive also listed four key attributes driving the modern way to run a business in a briefing call with journalists last week
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NewsPIB Group buys family-run Irish retail broker to continue European expansion
The new acquisition is ’an obvious starting point to help us make a mark on the Irish retail market’, says chief executive
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NewsTrõv continues expansion into UK market
The insurtech chief executive believes embedded insurance is revolutionising distribution
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NewsInsurtech startup welcomes new chief underwriting officer from esure
The new appointment joins the team with immediate effect, as a ‘compliment to both the Peppercorn team and the concept’
