Latest News – Page 386
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NewsArdonagh buys Arachas and Bravo Group as it completes £2bn debt raise
The independent broker bought the two businesses for a combined value of £550m
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NewsClaims Excellence Awards Finalist 2020 Q&A: Sedgwick shows compassion to vulnerable customers
Winners will be revealed at Insurance Times’s Claims Excellence Awards 2020 on 15 October at Kensington’s Royal Garden Hotel
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NewsPen extends construction capacity deal with CNA Hardy
The deal sees CNA Hardy becoming to the sole capacity provider for Pen’s modular construction policies
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NewsAfrican-Caribbean Insurance Network berates insurers for lack of ethnicity pay gap reporting
Group calls for industry to commit to establishing data on their ethnicity pay gap, among other measures
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Online onlyClaims Excellence Awards Finalist 2020 Q&A: Clegg Gifford cuts claims leakage from 10% to 2%
Winners will be revealed at Insurance Times’s Claims Excellence Awards 2020 on 15 October at Kensington’s Royal Garden Hotel
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NewsPIB Group buys property broker to mark 30th acquisition
The move forms part of the firm’s ambitious 10-year growth strategy, centred around buying specialty businesses within the retail and wholesale markets
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FeaturesHNW Focus: HNW capacity enjoys ‘resurgence’ despite economic Covid constraints
Although the Covid-19 pandemic has caused an economic recession across most industry sectors, the high net worth market is surprisingly buoyant. Insurance Times explores the key capacity trends within this sector.
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NewsAon confirms new UK chairman for global and specialty business
The new hire, who has 30 years of industry experience, will take up his position on 27 July
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NewsClaims could surge as lockdown sees UK driving standards slip
British motorists let their driving standards slip during lockdown, according to new research
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NewsFCA says insurers ‘have been adopting an unduly narrow approach’ for Covid BI claims
The regulator plans on using its test case to ensure business interruption claims are considered without the ‘inappropriate roadblocks that insurers have put in policyholders’ way’
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NewsSaga to make 300 redundancies as pandemic impacts travel insurance industry
Saga’s staff at its Folkstone and Ramsgate sites are facing redundancy as Covid-19 continues to impact the travel insurance industry heavily, the over-50’s insurer has been contacted for further comment.
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NewsInsurance industry BAME retention issue ‘down to culture’ – African Caribbean Insurance Network
The insurance industry has long had an issue with retaining black and ethnic minority staff and this is ”down to culture”, this is according to the African Carribean Insurance Network.
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NewsAfrican Caribbean Insurance Network reveals six steps to racial inclusion in London Market
The African Caribbean Insurance Network (ACIN) has revealed its six recommendations to boost racial inclusion in the London Market.
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NewsFlood Re endorses government investment and scheme changes
Flood Re has endorsed the government’s plans to invest in the UK’s flood resilience and the changes to the scheme.
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FeaturesHNW Focus: How can high net worth providers prove their value under current conditions?
The high net worth market has a distinct USP of providing a specialist service with a personal touch - but as Covid-19 causes face-to-face interaction to dwindle while digital communications take the reins, is the sector therefore suffering? Industry experts share their views
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NewsCovid-19 pandemic increases awareness of insurance coverage – Guidewire
The pandemic has increased consumer awareness of insurance coverage, and almost one in three (31%) said that they would be more careful in understanding what their insurance policy covers.
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NewsThe Big Question July/August 2020: What lines of business will harden or be most exposed following Covid-19?
In Insurance Times’s July/August 2020 issue, we ask the insurance market which business lines they thought might harden and which might be the most exposed following the coronavirus crisis.
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NewsQIC Global appoints acting chief executive for Antares Syndicate 1274
The promotion from active underwriter to chief executive is effective from 7 July
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NewsTrade associations report high engagement with GPAPs around dual pricing
Biba’s chief executive said the voluntary measures are ‘benefiting home and motor customers’
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NewsIndependent travel agent offers cover for Covid-19 and pandemics
The comprehensive travel insurance is supplied by Rush Insurance Services and Allianz
