Latest News – Page 413
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NewsAXA pulls out of Biba conference as coronavirus fears persist
The firm is monitoring the ongoing situation and the potential impact it might have on the UK and its staff
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FeaturesShining the spotlight on broker ‘secret commissions’
Defined as a ‘species of fraud’, brokers have to come clean about hidden commission transactions in order to avoid legal repercussions
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NewsWrisk closes contents insurance offering
The company’s principles, mission and vision remain the same, but the channel through which it delivers these goals is ‘evolving’ says chief exec
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NewsLMA publishes policy wordings to protect renewals if Covid-19 makes Lloyd’s inaccessible
The association feels it is ‘prudent to ensure Lloyd’s customers are not left without coverage’
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FeaturesWhat does Aon’s purchase of Willis Towers Watson mean for brokers?
Industry voices fear that consolidation between two of the UK’s largest brokers will lead to a ‘stagnating’ market and ‘significant change’ of the sector as we know it
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NewsLloyd’s to shut underwriting room to test coronavirus contingency plan
The underwriting room and other public areas will also get a deep clean
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NewsAviva removes travel insurance add-ons because of coronavirus
The measures will only affect new business and will be temporary
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NewsA-Plan buys Northamptonshire broker
The purchase is part of the broker’s plans to expand acquisitively as well as organically
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NewsLV= temporarily suspends sale of all travel insurance amid coronavirus outbreak
Existing customers are not affected
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NewsBrokers stunned at RSA Cheltenham coronavirus no-show
Brokers expecting corporate hospitality for the race were left disappointed
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NewsBudget 2020: Record flood investment, but no action on IPT
This includes £120m to repair damage caused by last month’s Ciara and Dennis
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NewsSignificant number of Alpha policyholders still untraced, admits FSCS
Hunt is on for remainder of collapsed unrated insurer’s policyholders
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NewsCoronavirus: RSA to assess business interruption claims on a case-by-case basis
The firm operates a ‘wider definition’ of specified diseases, so coronavirus impacts may be insured depending on policy wordings and policyholder circumstances
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IT InterviewTake part now: Insurance Times’s broker survey on MGA service
The Insurance Times MGA Survey is now open to brokers nationwide
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NewsXL Catlin’s former-executive vice president joins Worry+Peace advisory board
He was also a partner at Coopers & Lybrand (now part of PwC) where he focused on Lloyd’s of London and the London insurance market having begun his career as an actuary
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NewsLV= says it is ‘operating at a different level’ as it gains star in 2019’s five-star rating report
The insurer gained an overall three-star rating this year to rank fifth in Insurance Times’s personal lines ratings table
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NewsHigh-profile data breaches pushes cyber insurance up agenda
More needs to be done by large corporates to ensure that client and customer data is protected
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NewsAgeas combines salvage and green parts operations
The insurer’s year-long pilot saw the firm use 4,926 green car parts for repairs
