Latest News – Page 355
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News
GoCo taken over by media group
Aggregator GoCompare has accepted an offer from media giant Future Plc, which values the business at more than half a billion pounds
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News
FOIL warns of potential injuries and complex claims ahead of 2021 London e-scooter trials
With Transport for London set to start e-scooter trials in London next year, insurers and brokers could have some new challenges and risks ahead
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News
Insurance Times Awards finalist 2020 Q&A: Lockyer’s facilitates repatriation of client amid Covid-19 pandemic
Next month the winners for the Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December
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News
Insurance Times Awards finalist 2020 Q&A: Carrot Insurance rewards customers for driving safely during lockdown
Next month the winners for the Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December
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IT Interview
Industry has work to do to regain customer confidence – Zurich
Zurich UK’s head of retail believes insurers are ‘absolutely all aligned’ to repairing the reputational damage caused by the FCA’s test case and confusion over business interruption cover
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News
Take greater heed of climate risks, insurers warned
Law firm partner says insurers may need to take a leaf out of cyber insurance’s book with ‘explicit exclusions’
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News
Open GI in brand refresh as it guns to be leading technology partner
Its research revealed that its customers wanted the brand to be perceived more like a tech SaaS firm instead of a broker
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News
Brit’s syndicate Ki onboards its first broker trading partners ahead of New Year launch
Ki’s broker partners include Aon, Gallagher and Marsh among many others
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News
Lockdowns expected to bring big drop in claims costs this year, but 2021 predicted to turn negative
Underlying claims inflation, Brexit and the FCA’s new pricing rules could turn underwriting profits red next year, predicts EY
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News
Arch Insurance reveals SME terrorism product to combat evolving risks
Arch has more than 10 years of experience in terrorism insurance products
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Esure revamps management team with two new appointments
The new hires will support the business with its digital transformation journey
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News
PIB Group earmarks further European expansion with Polish acquisition
This is the business’s third purchase within Europe
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News Analysis
FCA labels insurers’ arguments as ‘far-fetched’ in Supreme Court hearing
However, insurers claim that there ‘is no justification for engineering contractual wording to accommodate unique circumstances which have occurred subsequently’
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News
JM Glendinning in management buyout deal
The deal will see Stackhouse Poland’s chief executive join the broker’s board
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News
LiP portal to undergo third stage of testing in new year
The Motor Insurers’ Bureau confirms that the online service is ‘85% ready’
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News
Aviva sells Italy life business as Blanc doubles down on UK champion strategy
Aviva is selling one of its Italian entities, having previously announced the sale of its Indonesia and Singapore businesses
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Acquisition deal for Hastings completed
The business will be a subsidiary of financial firm Sampo Oyl
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News
A quarter of insurance staff want more tech training to cope with ‘new normal’ - KPMG
More than a third of insurance professionals have received training around mental health, as 28% view this as a key theme within their job roles now
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News
Lloyd’s broker enters professional indemnity and public liability cover for esports
The esports industry is estimated to generate $1.6bn (£1.2bn) by 2023
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News
Clarifying causation will be crux of Supreme Court ruling – Fenchurch Law
However, Supreme Court judges also suggest a public policy stance around pre-trigger losses