Latest News – Page 343
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NewsFCA staff to vote on strike action in response to bonus cuts
Trade union alleges that FCA staff outside of London are due to be put on lower pay scales and that abolishing employee bonuses across the workforce will lead to pay cuts of up to 12%
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NewsManifesto 2022: E-scooters need compulsory public liability insurance
The trade body has also called for e-scooter insurance policies to be exempt from insurance premium tax
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NewsManifesto 2022: Biba urges UK government to slash IPT to 10% in next Budget
The trade body further believes that IPT relief should be offered for cladding-linked property insurance, telematics-based motor policies and cyber cover
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NewsBiba launches ‘biggest’ manifesto for 2022
The 84-page document, themed around managing risk, contains 52 calls for action from the broker trade body across six detailed chapters
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NewsBishopsgate snaps up division managing director from Lloyd’s broker competitor
The appointment links to the ‘wider Ardonagh Specialty strategy and international growth plans’, says chief executive
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NewsInsurtech Send Technology Solutions makes US debut via partnership
It is a landmark deal for the insurtech
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NewsUK anti-fraud minister resigns over government’s ‘woeful’ handling of Covid business loan fraud
More than 1,000 companies received bounce back loans despite the fact that they ’were not even trading when Covid struck’, according to the minister
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NewsWTW hires ex-Lloyd’s chief digital officer to lead commercial lines strategy
The new hire has a background in banking and has served on various fintech boards
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NewsDrones, medical malpractice and cyber are top tech risks for 2022 - DAC Beachcroft
Climate change was also cited as a key risk by the law firm
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NewsFCA’s GI pricing reform wreaks havoc for consumers seeking cheaper premiums – GlobalData
The ‘largest threat to insurers’ following the pricing rule change ’is likely to be from pay-per-mile motor insurers’, says insurance analyst
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NewsAon bolsters UK leadership team with new COO
Both of the new appointments are ‘highly respected, recognised leaders and will enhance our organisation’s operations’, says chief operating officer
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NewsPIB Group makes fifth acquisition in Ireland
Insurance intermediary firm grows ‘arsenal’ in Ireland with latest purchase of retail commercial broker
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NewsPen Underwriting inks multiyear capacity deal extensions with QBE
The businesses have worked together for the past 20 years
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NewsThe Clear Group buys Ashford-based broker in first deal of 2022
The transaction marks the broking group’s 32nd M&A deal since 2001
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NewsCocktail bar chain leads formation of BI action group against RSA and QIC Europe
UK restaurant and bar group’s ‘substantial’ claim highlights how hospitality businesses are having ‘to fight tooth and nail to obtain an indemnity’, says company director
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NewsInsurers must prepare to pay interim material costs for cashflow concerned builders
Insurers ‘can expect a much wider range of project costs than normal’, predicts senior surveyor
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NewsLloyd’s looks to relocate after more than three decades in current home
The marketplace will reveal its workforce plans this year
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NewsBrokers must be at the forefront of the fight against climate change – LIIBA
‘Fundamental change in culture at the FCA’ will also be vital to improve the competitiveness of the UK insurance market, says chief executive
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NewsPrevisico scoops ex-Charles Taylor group chief exec as chairman
The insurtech feels its new hire is the ‘perfect fit’ for the role
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NewsTesco Bank confirms executive team following interim appointments
Two senior leaders are also leaving the business
