Latest News – Page 384
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NewsMosaic to write global professional liability cover
Based in London, the new team aims to provide PI and D&O cover to protect a wide range of service providers from specific exposures
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NewsLuigi Maggio: Brokers must ‘be much better prepared for clients’ due to homeworking lag times
Moving forward, brokers need to navigate clients’ ‘wariness’ of the insurance sector following the FCA’s business interruption test case
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NewsBrits believe insurance sector didn't offer enough pandemic support – Guidewire
Guidewire’s MD for EMEA says insurers have experienced a ‘rough journey’ during the pandemic, however ’the opportunities to remedy indifference, even negativity among customers, are very achievable’
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NewsIndustry braces for claims as catalytic converter thefts surge by over 100%
The AA’s president says ’modern cat burglars stealing and selling cats for cash are part of a criminal chain’ following the insurer experiencing a rise back in April
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NewsAviva investor Cevian Capital seeks director appointment
The activist investor believes ‘Aviva has been poorly managed for many years’
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NewsToo many underwriters are letting brokers ‘fall out of the system’ – Aviva
By embracing technology, data and artificial intelligence, brokers can mitigate customer retention risks
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NewsInsurtech Urban Jungle launches building and contents insurance for younger homeowners
The product aims to fill a gap in the market as young customers are ‘ignored by the big insurers’, says insurtech
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NewsThree taxi drivers convicted of fraud by misrepresentation
ERS’s claims manager said the case demonstrated ’an act of wilful deception’, which is why the insurer felt it ’had no choice but to pursue a criminal prosecution’
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NewsSuez Canal Authority claim hearing potentially adjourned after ‘long and arduous’ negotiations
The ship’s indemnity insurer is hoping to “take the necessary time to reach a final and amicable solution that satisfies all parties”
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NewsCFC Syndicate 1988 starts trading
The business believes it is the first independent MGA of scale to establish a Lloyd’s syndicate
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NewsAviva partners with WWF on industry action plan to achieve net zero targets
Amanda Blanc says the collaboration will ’ensure the financial sector gets its act together’ around working towards net zero
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NewsUK tech sector reaches 100th unicorn milestone following Tractable valuation
The UK now has more tech unicorns than Germany, France and the Netherlands combined - MP Oliver Dowden says this ’cements the UK as one of the world’s top tech hubs’
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FeaturesBrokers that failed to invest in tech pre-pandemic ‘exploited’ by rivals – Aviva
Etrading commercial combined policies presents a “key opportunity” as brokers look to digitally trade more complex covers moving forward, says expert panel
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NewsLonmar Professions appoints divisional director from Gallagher
The new hire, who will have a retail focus upon joining the firm, has more than 30 years of industry experience
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IT InterviewMGA Q&A: Business interruption crisis highlights ‘very little’ known about insurance cover – DOA Underwriting
DOA Underwriting Ltd’s director Phillip Oliver tells Insurance Times why the business interruption crisis demonstrated that ‘very little’ is known about insurance as well as discussing this year’s MGA survey
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NewsDavies Group inks deal to buy property claims firm to expand North American reach
The firm will bring a ’wealth of knowledge’ to Davies according to group chief executive
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NewsAon-WTW merger allows for ‘combination of complementary solutions’ – GlobalData
The data and analytics firm disagrees with the US Department of Justice’s stance that the acquisition would result in higher prices, reduced quality and less competition
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NewsLloyd’s of London secures £650m five-year cover for Central Fund
With the backing of eight reinsurers, the cover will act as a ’significant buffer’ against adverse solvency
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NewsAston Lark snaps up concrete specialist broker
The deal boosts the broker’s total number of acquisitions this year up to 15
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NewsUS Department of Justice files lawsuit against Aon-WTW merger
Attorney general says the legal action displays the department’s ‘commitment to stopping harmful consolidation’
