Latest News – Page 349
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NewsBackchat December 2020
Cruising around in a celebrity car, the perfect Christmas present for fans of the Lloyd’s of London lift and what brokers should be doing on the 12th day of Christmas. You heard it here first…
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News‘Known unknowns’ are creating ‘nervousness’ in D&O market
Factors such as climate change and cyber security could lead to an uptick in D&O claims next year
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IT InterviewM&A activity is “more frenetic now then it’s ever been” – Ethos Broking
The Covid-19 pandemic is accelerating M&A conversations, with many brokers considering whether to de-risk their assets
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NewsLaw firm partner predicts ‘more and more coverage disputes’ for excess layer insurance
Brokers may well get caught in the ‘argy-bargy’ too if primary insurers and excess layer insurers disagree on coverage decisions
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NewsHiscox UK fills key leadership role
Specialist insurer Hiscox has made an interim appointment permanent as it continues to revamp its UK leadership team
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NewsMactavish warns that ‘premiums are rising dramatically’ due to hardening market
In addition, the firm believes there has been a ‘considerable erosion in the quality and extent of the insurance cover offered to policyholders’, which may not have been flagged by brokers
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NewsGRP buys majority stake in online commercial broker
Group chief executive says the purchase is ‘an important strategic investment’
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IT InterviewRideshur harnesses the power of real-time data for competitive commercial fleet cover
Chief executive tells Insurance Times the company’s journey into a ‘reluctant MGA’
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News‘Blanket’ broker PI exposure following Covid BI fallout is ‘overhyped’ – Fenchurch Law
Following the FCA’s business interruption test case, law firm partner says ‘of course there’s going to be broker exposure’ in relation to professional indemnity claims
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NewsData sharing needs to improve for London Market to lead in cyber insurance
A panel of industry experts highlight why London is the natural “hub” for cyber insurance provision and what the market needs to do to lead from the front in this product line
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NewsAviva to sell entire Vietnam shareholding
The move adheres to Aviva’s strategy to focus on its UK, Ireland and Canada markets
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NewsFCA launches consultation to determine how to prove Covid-19 presence for BI claims
The regulator wishes to be prepared should the Supreme Court agree with the High Court’s judgment
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NewsBroker boss denies allegations he ‘grabbed a woman’s crotch and bottom’
The next hearing will be on 7 January
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FeaturesRise in cryptojacking could potentially hit insurers’ bottom lines – Guidewire’s Matt Honea
Cryptojacking is on the rise but massively under-reported, Guidewire’s senior director of cyber-security tells Insurance Times why insurers should be aware of this emerging risk
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NewsAdmiral confirms Stevens retirement for 31 December
The chief executive has handed over his duties to Milena Mondini de Focatiis
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NewsBroker-led campaign urges government to underwrite a Covid-19 contingency insurance product
The ‘Let Live Thrive’ initiative is seeking an insurance solution to enable live events to take place again next year
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NewsBrit appoints new group chief financial officer from RSA Scandinavia
The new hire will start in May 2021
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NewsArcadia collapse alludes to danger of trade credit fallout – Nimbla
The insurance invoice firm says Arcadia is ’just the tip of the iceberg’ and that ’many more defaults can be expected in 2021’
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NewsMotor Insurers’ Bureau responds to reimbursement query for e-scooter crimes
The use of privately-owned e-scooters on roads or other public places remains illegal
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FeaturesIn Focus: What changes are independent brokers planning to make to their services in 2021?
This year has certainly been a year of change for the insurance industry, thanks to the Covid-19 pandemic, the impending Brexit deadline and regulatory intervention. But how are independent brokers tweaking their service propositions in order to survive and stand out as we enter 2021? Insurance Times asks industry leaders ...
