Latest News – Page 336
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NewsTrade credit insurers pull back from Russia and Ukraine
Some trade credit insurers will be adjusting their underwriting strategy
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NewsLloyd’s issues catastrophe warning amid sanctions move
Director of portfolio management says market must ‘price properly for the risks which are being borne’
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NewsAviva ‘opportunistic’ around ‘bolt-on transactions’ following Axa XL deal
Plus, the insurer’s UKGI gross written premium was ‘up 7% to just under £5bn’ in 2021
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NewsGovernment to impose sanctions preventing UK insurers and reinsurers covering Russian firms
The European Union has adopted a similar stance
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NewsOver a third of UK firms agree its difficult to obtain affordable flood cover – FloodFlash
Businesses in the East Midlands are the most worried about flooding
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NewsAviva launches online only car cover that commits to offset customers’ carbon emissions
The proposition has ‘a strong focus on renewability and sustainability’ says UKGI chief executive
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NewsAviva hires ex-Neon boss as global corporate and specialty director
The new hire will help drive Aviva’s global corporate and specialty strategy
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NewsEcclesiastical promotes internally for new UK schemes development manager
The insurer has ‘ambitious growth plans for the schemes space’
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AnalysisHiscox to sharpen focus towards more balanced portfolio
Hiscox group chief executive discusses why the insurer will be rebalancing its portfolio and focusing on opportunities in its digital retail arm
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NewsGRP’s County Group buys Cardiff-based independent broker
The Welsh broker will continue to trade under its own name
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NewsAdmiral’s UK motor book drives up business profit for 2021
The insurer’s financial results have mostly improved since 2020 thanks to its ’sameness in our core values and our approach to our people, customers and products’
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NewsInsurers excelling at customer experience track better underwriting performance
A ‘best in class customer experience’ will be ‘one of the driving forces behind success in 2022’
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NewsLloyd’s plans to be ‘magnet’ for talent following chief people officer appointment
The marketplace is currently developing its talent and inclusion strategy
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NewsEsure records ‘minimal’ 2021 profit ahead of focusing on digital-centric strategy
Around 80% of the insurer’s profitability is being reinvested back into developing the business
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NewsAM Best takes negative rating action amid Russia-Ukraine tensions
The ratings will stay under review until the agency evaluates the severity of the situation
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NewsHiscox UK sees 9.9% GWP rise in 2021 despite ongoing Covid impact
The outlook for Hiscox UK remains ‘positive’ as the insurer expects to accelerate its digital acquisition channel
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NewsAviva increases general insurance GWP by 6% to reach ‘highest sales in over a decade’
The insurer’s UK commercial lines business grew by 15% last year
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NewsFCA’s fair value set to impact new business for insurers – GlobalData
Data and analytics firm believes that there is ‘good evidence’ that FCA’s fair value regulations have affected insurers pricing strategies already
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NewsAvid Insurance gunning for ‘strong growth’ post-Covid
Prices are hardening because of Covid according to Avid’s head of personal lines
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NewsLloyd’s of London could face ‘sizeable’ hit from Russia-Ukraine war
Exposure to eastern Europe is likely to be ‘modest’ but classes such as energy could take a beating
