Latest News – Page 340
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News‘Feedback not reflective of broker dialogue’ after another disappointing Five Star result – RSA
The insurer said it would welcome a higher rating in Insurance Times’s Five Star Rating Report – Personal Lines 2020/2021, as this is not reflective of its broker dialogue
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NewsInsurance Times unveils new editor
Current editor is departing after more than two years in the top seat at industry leading magazine Insurance Times
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NewsBrit reports a 5.7% increase in GWP over 2020 despite $232m loss after tax
Group chief executive says there are ‘a number of indicators to give us cause for optimism’, regardless of the ‘significant’ financial impact of Covid-19
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NewsBe Wiser to consult with 280 staff over potential job losses
The move is to ensure the business is ‘ahead of the game and ready to make the most of market conditions when the market bounces back’ says broker chief executive
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NewsDemand for commercial property insurance quotes drops by 49% - Quotezone
High street takeaways were tipped as being the most resilient for this line of insurance
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NewsZurich UK reports 73% drop in business operating profit due to Covid-19
The insurer’s property and casualty business also experienced a 75% decline in business operating profit, however gross written premium for this division grew by 11% year-on-year
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NewsSME BI insurance take-up hurt by Covid-19 claims fiasco, survey suggests
Insurers can benefit reputationally in the long run if they pay claims promptly, stresses GlobalData
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NewsBiba backs government’s extra £3.5bn cash injection to address cladding dilemma
The trade association will continue working with government to deliver a targeted, state-backed indemnity scheme
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NewsGlobal all-in-one e-trading platform aims to save brokers time on deal-making
The e-trading platform aims to cut the time it takes for brokers to do administrative tasks in the deal-making process
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NewsDuff and Phelps offers support for Prometheus policyholders following collapse
The firm believes there are around 5,000 policyholders in the UK and Gibraltar who have been affected by Prometheus going into administration
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NewsSRG bags trade credit broker as it continues expansion
SRG makes its third acquisition of the year
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NewsAllianz Insurance has issued BI claims pay outs on 75% of valid claims
At the end of January 2021, the insurer had made 1,832 interim and final BI claims payments
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NewsInperio to offer reduced professional indemnity premiums to solicitors via new partnership
Solicitors have had a tough time with professional indemnity insurance, but the MGA hopes to offer clients a quick and easy way of getting cover remotely
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NewsManifesto 2021: Biba calls for ‘proportionality and fairness’ in levy
The supplementary levy is a worry for brokers during the pandemic
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NewsManifesto 2021: Biba to explore basic insurance requirements for e-scooters
The trade body sees Brexit as a opportunity to undo the Vnuk ruling too
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NewsManifesto 2021: Biba to work with government on cladding insurance issues post-Grenfell
In Biba’s latest manifesto themed ‘Resilience’ launched today, the trade body has deemed the ongoing problems with cladding for professional indemnity insurance and buildings insurance “vital to resolve”
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NewsJensten buys specialist Yorkshire broker
Latest acquisiton is Jensten Group’s third in recent months
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NewsManifesto 2021: Biba pushes for shared industry and government solution to pandemic insurance
The trade association’s executive director says the UK should learn from models used in other countries to produce a ‘longer-term’ answer to cover pandemic risk
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NewsManifesto 2021: Biba pledges more support for brokers facing hardening markets
Biba has issued guidance for its members on how to navigate hardening markets
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NewsManifesto 2021: Biba launches resilience-themed 2021 manifesto
The trade body flags seven key topic areas that are of prime importance for brokers over the coming year
