Latest News – Page 441
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NewsRegulator’s ‘culture shift’ forces firms to place greater emphasis on vulnerable customers
Law firm partner addresses MGA online delegates to discuss the FCA’s switch in stance around ‘value’ and ‘outcomes’
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IT InterviewLockdown is technology’s ‘moment to shine’ says Insurercore’s founder and MD Peter Clarke
Technology has been crucial during the UK’s lockdown - this has accelerated platform on-boarding and searches for Insurercore, the insurance market’s risk appetite directory, which acts like a ’dating agency’. Its managing director Peter Clarke tells Insurance Times why the Covid-19 pandemic is technology’s ’moment to shine’ and discusses the ...
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NewsConvex Group announces new chief executives in Bermuda and London
Co-founder Paul Brand steps down to make way for two internal promotions
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News AnalysisMCI completes management buy-out from underwriting platform Castel
Following the deal, MCI will be led by chief executive Philip Trafford
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NewsSoaring insurance premiums see leaseholders in high-rise buildings held ‘captive’
Leaseholders do not have control over insurance price hikes for high-rise buildings - in some instances, this has increased from £12,000 to £180,000
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NewsRevealed: Technology & Innovation Awards 2020 – winners and reaction
Not even a pandemic could stop Insurance Times celebrating technology and innovation talent in the insurance sector, with the awards event held virtually for the very first time. Find out who won the 15 awards up for grabs, and all the reactions from the winners. Who scored a hat trick? ...
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NewsNew funding for Brit’s digital syndicate Ki adds ‘firepower’ to expansion plans
Ki plans to ‘rapidly scale the business’ as it gears up to launch later this year
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NewsLaw firm expands group action to dental sector in BI claims pursual
Mishcon de Reya is urging all dental practices to get in touch as it believes that many are insured for Covid-related business interruption claims
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News AnalysisBriefing: Lloyd’s results revealed a big Covid-19 hit, but under the surface things may be looking healthier for the market
The Covid-19 pandemic forced Lloyd’s half-year COR up to a highly unprofitable 110.4%, but underneath, a disciplined approach to underwriting could be setting them up for a return to profit in 2021 By insight editor Matt Scott
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NewsGRP completes first deal in Republic of Ireland with majority share purchase
The deal signals GRP’s intention to seek further acquisitions in the country
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IT InterviewKingfisher adopts strong M&A focus as part of business re-brand
A 12-month, multimillion pound transformation and change project has seen Vantage Holdings morph into the newly rebranded Kingfisher Holdings. Insurance Times gets the details from the firm’s group chief executive
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News AnalysisUniversities and colleges face increased cyber threat
The National Cyber Security Centre issued an alert to the sector after a spike in the number of ransomware attacks
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News AnalysisFraudulent claims could arise from Leighton Buzzard earthquake
Although some residents reported their houses were shaking as a result of last Tuesday’s quake, insurance professionals are taking a more sceptical view of property claims due to ‘very minor’ tremors
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News AnalysisPolicyholders need to home in on balance sheets to take advantage of test case verdict
Although claims preparations can now go ‘full steam ahead’ following the publication of the High Court’s ruling, projected profits and losses must be considered for quantum purposes
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News AnalysisFCA called out as ‘shining example of regulatory intervention’ for test case action
Despite being celebrated as a policyholder victory, many legal professionals feel this reaction to the test case verdict could be ‘premature’ as the likelihood of an appeal from insurers still looms large
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NewsTechnology & Innovation Awards finalist 2020 Q&A: PCI Pal’s Interactive Voice Response system reduces call drop-rates
One day to go until the winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
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News AnalysisBI test case decision is ‘conclusive judgment in favour of policyholders’
Industry expert says the verdict is ‘no surprise’, however the industry is ‘nowhere near the finishing line’ as insurers now need to reassess their business interruption policy wordings
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NewsTechnology & Innovation Awards finalist 2020 Q&A: Balkerne helps insurers and captives prevent losses
One day to go until the winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
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NewsLloyd’s of London backs FCA BI test case ruling
Following the ruling from the High Court on the FCA business interruption test case, Lloyd’s and LIIBA explain their stances
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NewsFCA test case is a ‘complex judgment’ that will take time to understand
Following the High Court ruling yesterday on the FCA’s business interruption test case, Insurance Times looks at the potential impact on insurers
