Latest News – Page 333
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NewsInigo buys StarStone Managing Agency and Syndicate 1301
The startup was launched by three ex-Hiscox bosses and it has capital of $800m thanks to a consortium of global investors
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IT InterviewQ&A: Big data analytics driven products replacing humans a ‘misconception’ – LexisNexis Risk Solutions
Eleanor Brodie, data science manager at LexisNexis Risk Solutions tells Insurance Times about the biggest misconceptions with data in the industry and why tapping into it could be an asset
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NewsPrestige Underwriting expands relationship with Markerstudy’s retail division
The MGA has a long-term trading partnership with Markerstudy’s retail team
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NewsAston Lark buys Irish broker
Aston Lark has made four acquisitions this month – its latest purchase precedes a rebrand for its Irish division
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NewsFormer CHO chair launches credit hire company to turn sector ‘on its head’
Kirsty McKno says ‘it’s perfect timing’ for a new player to shake up the credit hire sector as currently, the market is ‘broken’ and ‘full of friction’
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NewsInsurer looks to enhance broker partnerships with dual initiative launch
Allianz uses future-focused campaign to ‘work with our brokers on initiatives that develop resilience at an individual, company and societal level’
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NewsSabre puts drop in GWP down to recurring lockdowns
The insurer believes that it is well positioned as lockdown unwinds
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NewsGovernment commits to working towards state-backed PI for surveyors
The lack of affordable and available professional indemnity insurance for surveyors has been identified as a barrier by the government
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NewsGoogle hires new managing director of insurance for North America
Former Deloitte partner, who has previously specialised in insurtech, joins Google - industry voices describe this as ’a very smart move’
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NewsWunelli co-founder joins IMS
The firm aims to expand beyond its core markets to become a global leader in connected vehicle data
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NewsInsurers must change their approach to fraud post-whiplash reform - Kennedys
Despite the reforms’ intention of reducing fraud, law firm partner believes the threat of fraudulent claims will remain the same after 31 May
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NewsMGAs set to explore new ways to access capacity
In the hunt for capacity, some MGAs are turning to financial centres such as Guernsey and Gibraltar, adds Robus Risk Services
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NewsAviva strives to strengthen broker relationships to regain star rating
The insurer plans to use a data-led approach to match brokers’ clients with suitable cover following mixed results in Insurance Times’s Five Star Rating Report: Commercial Lines 2020/21
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NewsArch Insurance International launches transport and logistics arm
The new division will be headed up by Argo Group’s former international head of marine and energy
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NewsSports broker accused of denying group of Football League clubs business interruption payouts
The clubs allege that they have lost millions of pounds as fans have been kept off football grounds since June last year
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IT InterviewMarkel UK crowned three-time champion in five-star commercial lines report
Markel UK has received a five-star rating from brokers for three years running in Insurance Times’s Five Star Rating Report: Commercial Lines. The insurer shares the secrets of its success and explains why the pandemic was a key opportunity
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NewsAXA announces new chairman to replace Duverne in 2022
The new candidate was chosen unanimously by the board of directors
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NewsMotor insurance payouts fell by 6% in 2020 due to lockdown impact
But personal injury claim payouts rose to an average of £12,000 last year
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NewsBusinesses told to take off Covid blinkers and consider longer term risks
Commercial insurance managing director says businesses ‘have a responsibility to act today to ensure a better tomorrow’ by tackling emerging risks and not solely focusing on today’s threat actors, such as the pandemic
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NewsGRP buys Leeds-based broker
The broker will be the fourth business to become part of GRP’s Yorkshire hub
