Latest News – Page 374
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News Analysis‘Keen to make acquisitions’ – Gallagher chiefs discuss M&A strategy
Gallagher has a strong balance sheet and a track record of buying UK brokers. Gallagher UK underwriting and broking boss, and M&A head Olly Homer, discuss acquisitions. The duo insist a strong cultural fit is paramount in making a deal.
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NewsArron Banks hunting down Noel Edmonds over alleged £1.3m insurance debt
Banks has hired private investigators to track down the former Deal or No Deal host as he apparently owes Banks £1.3m
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NewsCoronavirus lockdown causes 0.3% decline in home insurance premiums
However, average premiums for this line of business has increased by 3% over the last 12 months
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NewsMunich Re-backed insurtech raises extra £1.6m for growth in new markets
With its second fund raise this year, Urban Jungle is not showing any signs of slowing down, even though the Covid-19 pandemic is a financial obstacle for most of the sector
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NewsInsurers unveiled 107,000 fraudulent insurance claims in 2019
This equates to a new insurance scam being uncovered every five minutes, totalling around 300 fraudulent claims a day
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AnalysisThe Rooney Rule: Could it improve the recruitment and retention of ethnic minorities in insurance?
After one Lloyd’s syndicate might be adopting such a strategy, Insurance Times examines whether the Rooney Rule might solve the ongoing recruitment and retention issues of black, Asian and minority ethnics in the insurance industry
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NewsInsurance broker accused of ‘forgery’ to win commission
Although an official figure for the commission is unknown it has been estimated at £1.5m
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Online onlyEx-Aviva boss and major reinsurer in dramatic Saga takeover
Ex-Aviva boss put together a 33p-a-share offer for the troubled firm
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NewsTechnology & Innovation Awards finalist 2020 Q&A: CFC data enrichment engine helps brokers sell cyber insurance
Winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
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People & OpinionCovid-19 is just an excuse for poor service from the insurance industry says broker MD
Ann Manning, managing director at Henley-on-Thames-based broker ManningUK, says she is ‘ashamed of our industry’. Here, she describes her recent experiences with insurers during the coronavirus pandemic… By Ann Manning, managing director at ManningUK
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NewsIUA open letter calls for right to cancel professional indemnity cover for solicitors
The IUA is concerned that professional indemnity insurance could become “unsustainable” if underwriters cannot cancel policies if premiums go unpaid
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NewsMarkerstudy cuts compulsory redundancies for proposed Co-op Insurance deal
Markerstudy says that employees are of ’utmost importance’, earlier in the week an Early Day Motion was filed in a bid to reassess the deal with Co-operative Insurance
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NewsRochdale MP lodges Early Day Motion urging Co-op to reassess Markerstudy deal
A protest was held on the same day the motion was launched in order to draw attention to the amount of job losses in the proposed sale of Co-operative Insurance
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NewsTechnology & Innovation Awards finalist 2020 Q&A: Tempcover’s short-term vehicle insurance in 90 seconds
Winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
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NewsTechnology & Innovation Awards finalist 2020 Q&A: Digi2L’s claims portal reduces overall lifecycle
Winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
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NewsTreasury initiates next five-year review of Pool Re
A new Review Advisory Group, composed of chief executives from member insurers as well as other stakeholders, will oversee the project
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News AnalysisBrightside’s Derek Henry on the future of personal lines
The Covid-19 pandemic has created some big challenges for the insurance market, not least for those involved in the business interruption and event cancellation markets. Brightside’s managing director of broking spoke to Insurance Times about coronavirus, the polarisation of the personal lines market and the rise of short-term insurance.
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NewsSeopa and Freedom Brokers team up for van telematics
The new offering, named Freedom to Drive will feature on the Seopa price comparison site
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NewsWhite Oak names Lisa Perry as chief underwriting officer
Perry will also lead the White Oak transportation team and manage her own portfolio of client business
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NewsZurich UK names new CEO as Tulsi Naidu moves to APAC
Tulsi Naidu is taking over as APAC chief executive after 4 years as UK boss
