Latest News – Page 332
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NewsInsurtech ARMD turns around tool theft claim in eight days
The insurtech uses the Internet of Things (IoT) and embedded insurance technologies to cater for tradespeople
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NewsGetting serious about ESG
Insurers and brokers that undercut environmental, social and corporate governance standards will face ‘catastrophic’ consequences, according to industry roundtable
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NewsCyber (re)insurers limit exposure to ransomware
Ransomware continues to shape the cyber risk landscape, explained Dwic roundtable panellists
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NewsIs AI the next ‘silent cyber’?
Experts predict that artificial intelligence governance will increase as insurers and reinsurers remain naïve around AI-related risks
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NewsMarkel UK snaps up Hiscox veteran as director of underwriting
The new hire is a ‘key’ part of the insurer delivering its five-year growth ambition
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NewsLloyd’s boss John Neal hospitalised after cycle accident
The executive team will lead Lloyd’s while Neal recovers
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NewsSocial media requires due diligence amid FCA’s Consumer Duty – Davies Group
The firm has made several recommendations on how organisations can adapt existing operating and service models
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NewsEuler Hermes eyes business boost with new brand name
The move directly supports the trade credit insurer’s three-pillar strategic plan for 2025
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NewsReich Insurance named in Parliament as MPs call for FCA regulation on commission fees
It follows the broker being hit with a forced commission disclosure order
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NewsLloyd’s of London names inflation its ‘second biggest challenge’
Inflation is rising but it will not be a huge problem for insurers if they are proactive says chief financial officer
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NewsUK ransomware attacks rise by 100% in 2021 – RPC
Despite the increase, businesses risk being underinsured until insurers ‘take matters of cyber security seriously’, says cyber and tech head
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NewsMercedes to accept liability for accidents involving its new self driving tech
The car manufacturer will not accept blame where a driver has failed to take control of a vehicle when prompted, however
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NewsLloyd’s of London brands ongoing Russia-Ukraine conflict a ‘major loss’
Lloyd’s boss admits some claims could take years to settle but believes that the marketplace is in a strong position to withstand this
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NewsLloyd’s returns to profit with £2.3bn in full-year 2021 results
£2.9bn was paid to customers impacted by Covid-19
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NewsSaga’s retail broking arm reports 3% GWP dip for 2021
Chief executive says Saga’s insurance business delivered a ‘robust performance’ in the last year
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NewsRestructure sees MS Amlin Underwriting swing back to profit
The results are ‘tangible evidence’ that strategic changes made are ‘starting to bear fruit’, says chief executive
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NewsThe Ardonagh Group reports adjusted ebitda growth of 42.4% for 2021
The broker’s income also reached £945.8m last year
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NewsAston Lark snaps up specialist corporate insurance broking firm
The deal will strengthen Aston Lark’s ‘breadth of capabilities’ as it joins Howden, says chief executive
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NewsSabre records small GWP decrease for 2021 amid ‘high levels of claims inflation’
The insurer’s COR also saw a slight raise last year, albeit within its targeted range
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NewsGovernment scraps building safety manager requirement in latest Building Safety Bill shake up
The Secretary of State now has the power to ’impose requirements about new build home warranties’
