Latest News – Page 357
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News
Automated underwriting is a ‘huge opportunity’ for the insurance industry – Ki
Harnessing data could help brokers and insurers maintain a competitive edge
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News
Brokers to blame for lack of pandemic focus in FTSE 100 boardrooms – Mactavish
The firm’s chief executive believes organisations have been ‘wasting their money’ on broker advice if pandemic risks have not been mentioned
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Aston Lark buys two specialist brokers
Aston Lark announces its second round of M&A activity within a week
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Xenia Broking Group makes hat-trick of board appointments
The company’s chief executive describes the new board additions as a ‘formative step’ for the broking business
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Ardonagh revamps Specialty business with new leadership team
This includes internal promotions at brokers Price Forbes and Bishopsgate Insurance Brokers
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Features
How ‘standards’ can help brokers and underwriters
With the pandemic ongoing e-trading has become a vital tool to do business, but standards are still needed especially as the market is always evolving Polaris tells Insurance Times
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News
Pandemic sees growth in lending to better manage insurance costs – Premium Credit
The premium finance provider’s latest research index reveals what lines of cover SMEs have stopped buying and how many are using a broker or insurer
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News
RSA underwrites expanded commercial offering from Superscript
The products are designed for small businesses, such as independent artisans and crafters
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News
GRP appoints chief data and analytics officer in newly created role
The position will support the development of the firm’s data infrastructure
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News
‘Insurance markets are holding up extremely well’ in the face of Covid-19 – Swiss Re
Despite causing ‘the worst recession of our lifetime’, reinsurance economist says the insurance sector should expect ‘a strong V-shaped recovery for 2021’
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News
FCA pricing remedies not intended to squeeze margins, says Direct Line’s Penny James
Direct Line chief exec says pricing c hanges are unlikely to be seen until the new rules are implemented
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IT Interview
Technology is still the ‘bedrock of our business’ – CFC Underwriting’s Dave Walsh
With CFC Underwriting making it onto Insurance Times’s Top 50 Brokers podium yet again, the firm’s chief executive and founder Dave Walsh discusses how it started out in the dot-com era, emphasising that technology is still at the business’s heart today
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News
Intact says it has financing for RSA bid
The Canadian business issued a statement in London today with the details, adding that it has ‘all of the equity financing’ it needs
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News
Secondary psychiatric injuries add ‘significant sums’ to PI claims costs – Kennedys
Insurers may have to stump up higher claim payouts for individuals who develop a gaming disorder or an opioid addiction as a result of a physical injury
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News
Struck out BI claim proves there is no ‘public policy move’ following test case
Barrister says that not all business interruption claim cases will follow the trajectory of the FCA’s test case and that not all clauses will be interpreted in favour of the policyholder
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News
Ageas records £52m operational free capital generation in UK for third quarter
The insurer said that product lines which are exposed to the fallout of the coronavirus pandemic are ‘limited’
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News
‘Real opportunity’ in dual pricing ban for MCE, says bike broker boss
MCE boss Julian Edwards said the pricing ban would benefit insurers with lower expense ratios
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News
Covid-19 losses ‘not a major concern’ for Zurich, as group releases Q3 trading update
The insurer is confident that it has limited exposure to any new developments regarding the pandemic
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News
Orient Express Supreme Court judges to hear FCA test case appeal
Legal experts state the choice of Supreme Court judges is ‘relevant’ and ‘interesting’
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News
Willis Towers Watson buys climate change advisory business
The purchase will align with WTW’s focus on physical climate risks and resilience via its Climate and Resilience Hub