Latest News – Page 331
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Ardonagh full-year results proves our ’resilience and resolve’ – David Ross
The broker’s chief executive, David Ross says that the growth in results is a “testament to our culture of resilience and resolve”
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Davies Group appoints new Keogh’s chief exec and chief commercial officer
The two new recruits join Davies Group’s legal solutions business, Keoghs, as it continues to appoint fresh faces to strengthen the firm
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C&C Insurance Brokers continues expansion with Scottish operation
Heading up the new operation is a former Towergate employee
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Oxbow Partners reveals top 25 insurtechs to watch
The advisory firm says that the chosen insurtechs ’all have the potential to drive significant value in the industry’
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CII’s Society of Insurance Brokers appoints Aston Lark client director to advisory board
The SIB’s latest board member wants to raise the profile of personal lines among brokers
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UK drivers have claimed £4.1m in pothole damages
Belfast is listed as the pothole claim hotspot
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Industry must ‘keep an eye on’ whiplash reforms ‘to be sure they’re achieved’ – Aviva
Claims director says the implementation of the Official Injury Claim portal is ‘an important first step’, indicating that the government seeks to combat ‘compensation culture’
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HMRC launches consultation to make professional indemnity cover compulsory for tax advisors
However, tax professional body declares this is not a ‘magic bullet’ in achieving the government’s aims of improving trust and reducing bad behaviour in the market
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Tesco Bank reveals new travel insurance product with Covid-19 cover
The company has partnered with ROCK Insurance Group to manage its new product, while AXA Partners will provide the underwriting
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AM Best unveils plans to rate delegated authority providers
Plans for a financial rating regime for MGAs has been welcomed by the market, but doubts remain that firms will be willing to open their doors
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FCA extends pricing remedy implementation until end of 2021
The regulator has confirmed the amended timetable to ensure firms can ‘plan their change programmes effectively’, however the CII believes ‘this may not be enough time for firms to get all practices in place’
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Insurers paid out £472m in interim and final BI claim payouts following test case – FCA
The regulator calculated that 10,207 BI policyholders out of the 21,140 who have had claims accepted have received at least an interim payment
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Broker supports humanitarian cat bond first
The new product aims ‘to bridge the insurance gap and allow greater access to insurance and the capital markets for the benefit of the charitable sector and those affected by natural disasters’
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Crawford Legal Services welcomes new global president
Reporting to Crawford’s president Joseph Blanco, Jason Spencer will focus on the firm’s ’diversification strategy’ and its ’goal to be the embedded partner of choice for our clients’
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Pet insurance insurtech aims to transform dog industry via partnership
The two firms share the same business values
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LMG appoints interim chief executive
The interim boss will lead the trade body on a part-time basis until the end of the year
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PIB Group reveals first European MGA buy
The transaction sees the continuation of PIB Group’s international ambitions
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‘Bad behaviours’ have crept back into credit hire sector – Kirsty McKno
With part two of the whiplash reforms coming back into focus, the former CHO chair says the credit hire industry has ‘gone backwards’ and that ‘Covid has exacerbated’ the sector’s problems
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Aston Lark launches broker portal for renovation insurance scheme
The launch follows a successful pilot conducted last November and is ‘just the start of what is to come’, according to scheme manager
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John Lewis unveils flexible home insurance via Munich Re partnership
The offering is designed to reflect changes to customers’ lifestyles since the Covid-19 pandemic