Latest News – Page 362
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NewsFOIL elects new president
The member organisation has also appointed a new vice president, who will support the president in navigating sector-wide challenges such as climate change, social inflation and Covid-19
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News AnalysisPremiums soar for independent financial advisors’ PI as insurers dwindle
As the UK approaches a pandemic induced recession, advice firms are facing higher premiums as insurers that provide professional indemnity for advisors have significantly reduced after a series of regulatory changes, constraints and historical blunders. Insurance Times investigates what this means for insurers and IFAs – and whether brokers ...
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NewsArdonagh grows adjusted EBITDA by 14.4% in first nine months of 2020
Group chief executive adds that the broker has a ‘strong trajectory into the final quarter of 2020’
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NewsComparetheMarket slapped with fine for breaking competition rules
Price comparison site ComparetheMarket imposed ‘most favoured nation’ clauses on its home insurance contracts over a two-year period
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NewsSainsbury’s insurance exit draws nearer as buyers circle banking arm
The supermarket giant announced it had received interest from potential buyers for the banking division, which includes insurance products
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NewsLloyd’s pandemic losses worse than predicted, says chairman Carnegie-Brown
The insurance market previous estimated losses would be around the $107bn mark, but has revised that figure upwards
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NewsHome insurance rates could harden after ‘complex’ year, insurtech Urban Jungle warns
A range of factors are pushing rates higher, the insurtech told Insurance Times
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NewsRSA accepts takeover offer
The transaction will be completed in Q2 2021, and the deal will result in the break up of 300-year insurer RSA
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NewsElectric vehicle prices main barrier to PM’s green ambitions, says LV=
Insurer LV= advocates the use of ‘fiscal incentives’ to encourage drivers to switch to electric vehicles
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IT InterviewZurich targets regional brokers to achieve business growth
An 18-month transformation strategy has seen a lot of change at insurer Zurich – Insurance Times looks under the bonnet with the firm’s UK head of retail
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Breaking NewsNumber of SSP brokers have work disrupted
SSP brokers endure technical difficulties over two days
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Online onlyCatlin’s Convex in fresh funding raise as it seeks to capitalise on hard market
Convex’s latest funding round brings its total raised since launch to $2.7bn
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NewsCovid-19 pandemic accelerates ‘slow burn of digitalisation’ in insurance by tapping data
In a recent webinar, BGC’s managing director discussed how data can change the insurance industry
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NewsCrawford and Company actively seeking ‘bolt-on’ acquisitions
Its overall aim is to create long-term value for its shareholders
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NewsAutomated 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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NewsBrokers 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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NewsAston Lark buys two specialist brokers
Aston Lark announces its second round of M&A activity within a week
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NewsXenia 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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NewsArdonagh revamps Specialty business with new leadership team
This includes internal promotions at brokers Price Forbes and Bishopsgate Insurance Brokers
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FeaturesHow ‘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
