Latest News – Page 418
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News
Insurers move to limit fossil fuel exposure – Moody’s
Moody’s predicts insurers’ retreat from coal could lead to a decline in coal-fired electricity generation
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Allianz’s operating profit nosedives by 35%
The insurer states that fire, theft and escape of water losses have detrimentally affected its commercial property business
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Gallagher teams up with CPP for SME cyber offering
The partnership gives CPP a “strong footprint” in the UK broker market
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Broker banned from placing policies
Grimsby-based firm also told to refund premiums by 9 March
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Aviva: more new dads using shared parental leave
Aviva brought in an equal paternity leave policy in 2017
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IT Interview
Insurtech hype halts as disruptors morph into collaborators
Although digital transformation projects across the industry are rife, legacy technology infrastructures pose problems, says Polaris’ Vivek Banga
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SSP hires broker business director amid platform launch
New director has a background in the broking industry
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Combined Ciara and Dennis claims approach half a billion pounds
A series of Atlantic storms have caused widespread damage and disruption to properties in recent weeks
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Shocked staff in tears over sudden Staveley Head administration
Staveley was a major employer in the Welsh town of Connah’s Quay
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Government plans to extend dormant assets scheme to encompass insurance sector
Dormant insurance policy proceeds could be re-directed to aid good causes
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AXA UK personal lines fastest growing in the world amid rate rises
AXA was buoyed by a 2.4% rise in rates across personal lines last year - and is expecting the market to harden further
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Insurance data standards body forms London Market advisory board
The board has been set up to help industry gain maximum value from data exchange
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MGAA announces new board
The group will work on a strategy to improve the business environment for MGAs
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AXA reports small improvement in group COR as revenue climbs 5%
UK and Ireland business boasts an uptick in profitability despite worsening current year COR
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AXA XL hires new boss as it reports difficult 2019
The specialty division of the French (re)insurer saw rising claims last year
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NFU Mutual to pay out around £20m for Storm Ciara-related claims
The insurer says it has received more than 2,800 claims, primarily for storm damage
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Supreme Court rules against MIB in landmark legal action
The organisation will now have to compensate individual who was struck down by an uninsured driver on private land
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IT Interview
McCarron Coates on the importance of understanding the end-user
After bagging two awards – a gold for claims broker of the year and a silver for commercial lines broker for the year at the IT Awards last year in November, McCarron Coates’s director Paul Coates tells Insurance Times what sets him apart from other brokers, understanding the end user ...
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Bollington makes third acquisition buying commercial insurance broker
The purchase pushes Bollington’s GWP to £180m
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Ageas brings its home book back into profitability
The insurer cites a pricing and underwriting revamp as one of the main causes for the turnaround