Latest News – Page 395
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NewsPhil Barton: UK broking is just like the Premier League, but that’s not a good thing
The chief executive said that the increasing EBITDA multiples being paid for brokers has damaged best practice while only lining the pockets of private equity firms and a select few lawyers and entrepreneurs
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News AnalysisBarton/Reid warn of 'excessive consolidation at inflated prices'
Chief executive Phil Barton and chairman Stuart Reid teamed up to launch Partners& as a new breed of broker, the duo discuss what makes the business different and what they believe is the key to long-term sustainable success
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NewsMotor claims fell by 57% year-on-year due to Covid-19 lockdown
April 2020 recorded the lowest total of daily claims submitted on the industry’s low value injury claims portal since 2010
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NewsBroker TL Dallas appoints new commercial managing director
The firm’s new hire has nearly 30 years of industry experience
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NewsLondon market top performers say strong portfolio management led to 5% uptick in COR
New research shows that portfolio management is ‘an increasingly important tool’ in delivering underwriting profit
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NewsMarket growth stagnates as a result of working from home
Broker predicts that ‘permanent virtual world’ post-coronavirus could be ‘dangerous’
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NewsTotus Re urging business bodies to call on chancellor
The insurance collective is urging the chancellor to agree the model
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IT InterviewMGA Q&A: Business that brokers struggle to place, we excel at says Accelerate Underwriting
Accelerate Underwriting regional director Lisa Brennan talks to Insurance Times on adapting to change, having experienced underwriters and working closely with carriers to ensure consistent and secure offerings.
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NewsGovernment unveils £10bn trade credit insurance backstop
Government to provide guarantees of up to £10bn to trade credit insurance for business-to-business transactions
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NewsAXA cuts dividend in wake of €1.2bn Covid-19 claims estimate
The insurer said increased claims would mostly come from business interruption and event cancellation business
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NewsFraudster sentenced to 12 months for false £4,000 personal injury claim
Fitzhugh Stephenson said he was encouraged to submit a claim after receiving a call from a claims management company
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NewsPIB acquires Munich-based broker Marx Re
The acquisition marks PIB’s first foray into the reinsurance broking market
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NewsFOS complaints down 23% but Covid-19 issues still to filter through
The Financial Ombudsman Service received more than 32,000 complaints over the course of 2019/20
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NewsIUA says e-scooter insurance should not be compulsory
Successful uptake will likely depend on availability of appropriate infrastructure
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Online onlySSP expands connection to all software houses in boost for insurers
SSP expands integration with its market-leading quote hub solution. Insurers can now price and optimise throughout the distribution chain easily.
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Online onlyJune 2020 issue
In this month’s edition: As Premier League is set for kick off a plethora of insurance concerns remain, why Pandemic Re is vital to mitigate Covid-19 and which industry chief exec gets paid the highest
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NewsMarkerstudy to make 478 staff redundant due to financial impact of Covid-19
The company has already furloughed more than 1,000 employees, as well as asked staff to take a 20% pay cut and give up sick pay
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FeaturesRisk management is ‘core’ to insurer propositions that improve client relationships
Insurers and brokers are turning to risk management and mitigation to bolster relationships and offer a service differentiator – but does this lead to competition or collaboration?
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NewsBroker labels FCA test case as potentially ‘dangerous’ and ‘bizarre’
But MGA boss applauds the FCA’s intervention for accelerating ‘a process that might otherwise have taken months or years’
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NewsInsurtech Sprout.ai invests in deep learning following $2.5m funding round
The insurtech aims to be the first to crack claims prediction using deep learning
