Latest News – Page 417
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NewsMGAs in line for Lloyd’s syndicate-in-a-box bids
Higher than expected number of bids to launch syndicates, Lloyd’s chief said
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NewsDirect Line axing 800 jobs amid digital transformation drive
The main losses will be from its Ipswich office which is closing in 2022
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NewsZego triples staff headcount in 12 months amid recruitment drive
It hopes to double its staff number again this year, it follows Nick Pester joining the insurtech
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NewsTwo-fifths would switch to telematics-based motor policy to save 30% on premiums
Data company reveals that uptake of telematics could flourish if premium discounts are evidenced
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NewsCompare the Market owner leads funding round for insurtech Digital Risks
The funding has been raised to develop the insurtech’s technology and drive its expansion
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NewsMarsh hires new global head of aviation
Garrett Hanrahan will succeed Simon Harker, who is retiring after a 44-year career
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FeaturesReal-time data set to inform menuisation-based products, but can this deliver premium savings?
The use of real-time data and the potential menuisation of insurance premiums is on the horizon, however is this an industry asset or a gimmick?
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NewsStanhope Cooper buys high net worth broker
Consolidation is expected in the high net worth market this year
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NewsAgeas appoints external hire as new director of distribution
Russell White will join the insurer’s UK team in March
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NewsNIG to provide capacity for McNamee’s digital MGA C-Quence
It hopes to make it easier for brokers to deliver sophisticated commercial insurance quickly and at lower costs
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NewsFCA apologises for major data breach
The regulator admitted that the names, telephone numbers and addresses of some people had been mistakenly published
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NewsBe Wiser predicting profitable 2020
Chairman Mark Bower-Dyke says that although the past eight months have been ‘a challenging period’, the broker’s ‘hard work has paid off’
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NewsInsurance data sharing exposes ‘fundamental tension’ in customer expectation
Customers want fairer pricing, yet are reluctant to share their pwersonal data to acheieve this, study found
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NewsEvolving risks for UK schools present key broker opportunities - Ecclesiastical
Cyber remains a key concern
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News AnalysisGreen issues forced onto insurance agenda
This is the year where the insurance industry can no longer ignore green issues
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NewsTokio Marine Kiln launches enhances cyber insurance with $25m limit
The insurer says the cover aims to bridge the gap between typical property damage and cyber insurance policies
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NewsSalvage firm recovers 3,000 vehicles in one day as storms batter UK
Copart UK says the stat ‘demonstrates the sheer scale and impact’ of recent flooding
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NewsAct now to reduce coronavirus impact, Marsh warns firms
Advice comes admid fears that the outbreak will soon be declared a pandemic
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IT InterviewAllianz: commercial property market has been ‘too cheap for too long’
The insurer’s chief executive explains how rate increases are flagging behind jumped-up claims inflation
