Latest News – Page 359
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NewsDelivering mobility as a service will require investment from insurers – QBE
QBE’s director of underwriting believes insurers are engaged with the mobility as a service journey in order to stay relevant and to influence road safety
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NewsMotor insurers should escape Covid-caused industry reputational damage - ABI
Industry experts debate why motor insurers should not be tarred with the same brush when it comes to consumer mistrust in the insurance sector as a result of unpaid Covid-related business interruption claims
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Online onlyAXA XL makes senior underwriting hire
Internal promotion puts new hire in charge of marine, energy and aerospace, UK and Lloyd’s market
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NewsPeeping Tom insurance broker struck off by FCA
Man was convicted under the Sexual Offences Act for a crime against one of his tenants
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Online onlyToo good to turn down? RSA told latest offer better than Zurich’s 2015 bid
RSA is being offered ‘more than fair value’ with latest bid offer
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NewsPersonal injury sector 'laying down arms' amid Covid crisis - LV=
The insurer’s GI claims director explained that collaboration has trumped the traditional adversity that typically reigns within the personal injury sector
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NewsAverage motor claim cost in Ireland rose 4% between 2018 and 2019
Compensation for litigated settlements in Ireland averaged €46,214 between 2015 and 2019, with legal fees coming to €23,409 for these cases
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NewsCoventry-based broker closed by FCA
The regulator ordered the firm to cease carrying out regulated activities under a client money order
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NewsRSA mulls multibillion pound consortium bid
The British insurer has been seen as an attractive acquisition target for some time
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NewsLloyd’s told new blueprint requires total London Market support
Lloyd’s reveals Blueprint Two priorities, including the use of AI to streamline costs
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![acquisition three jigsaw]](https://d17mj6xr9uykrr.cloudfront.net/Pictures/100x67/2/4/0/78240_acquisitionthreejigsaw_905211.jpg)
Online onlyGRP’s Yorkshire hub snaps up regional broker
Marshall Wooldridge announces its second deal in a matter of days
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NewsBrokers define hard market and struggling economy as their biggest concerns
Research by Aviva also signposts Brexit as the potential cause of an economic decline
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News‘Data-driven world of mobility’ can be ‘real power for good’ says MIB’s Clayden
Speaking at the ABI’s virtual motor conference, the MIB boss explained that insurers need to be ‘absolutely alive’ to the opportunities presented by data
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NewsHyperion Insurance name disappears
The Hyperion name has been known to the insurance industry since 1998
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NewsBrightside sees EBITDA improvements in broking business
Placing IQED into run-off has impacted 2019’s financial figures, but the business’s broking activity is showing positive growth
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NewsBrightside puts MGA business Kitsune into run-off
MGA was unable to deliver the same level of returns that the core broking business did, Brightside chief executive tells Insurance Times
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NewsFCA outlines key drivers of harm for Lloyd’s and London Market in new ‘Dear CEO’ letter
The letter, which is targeted at Lloyd’s and the London Market intermediaries and MGAs, provides an overview of the areas of focus within the regulator’s supervision strategy
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NewsMan jailed for half a year after ‘blatant’ fraud
Man made 22 exaggerate claims after a road traffic accident in 2014
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NewsMGAs need to adopt ‘ecosystem mindset’ to deliver value to customers
In the latest MGAA webinar, attendees learn how an ecosystem approach can help to drive internal efficiencies and produce greater value for customers
