Latest News – Page 448
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FeaturesCyber Focus: How can insurers protect themselves from cyber crime?
Industry experts tell Insurance Times what preventative steps insurers need to take in order to avoid possible data breaches and other cyber attacks where criminals are lured by the honeypot of stored customer data…
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News AnalysisArdonagh snaps up another MGA as acquisition spree continues
The newly acquired company, which specialises in the construction, leisure and commercial sectors, will become part of the Ardonagh-owned Geo Specialty Group
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IT InterviewTrackMyRisks’ Matt Hodges-Long on solving the buildings insurance crisis
The insurtech’s chief executive tells Insurance Times that he aims to make the Building Safety Register an official organisation at a time when leaseholders are facing extortionate insurance premiums in the aftermath of the Grenfell tragedy
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Online onlyGRP appoints broking veteran to lead its southern hubs
The new regional managing director for the south ‘lives and breathes’ broking, GRP said
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NewsBollington buys Bolton-based broker
The move is designed to strengthen Bollington’s corporate offering, as well as its overall market presence
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NewsBrokers boost use of digital platforms during lockdown says Aviva
Chief distribution officer Phil Bayles added that regional brokers’ high sales figures are a ‘testament to their adaptability and resilience’
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NewsR&Q programme management business reports 43% increase in GWP for H1 2020
As at 30 June, the division has 36 active programmes compared to 26 at this point last year
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IT InterviewLondon Market ‘will never go back to how it was’ following Covid-19 pandemic
DAC Beachcroft partner says the key for future success will lie in marrying the market’s personal relationships with the use of technology
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NewsLV= pays out £100,000 for Scottish flash floods
Since Wednesday, when the recent heatwave began to peter out, LV= has received nearly 150 claims for flood and storm damage
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NewsThe Big Question September 2020: Will insurers come out looking better or worse due to the FCA test case? Why?
The FCA test case saw eight insurers put to task in July in a hearing that lasted over a week, Insurance Times asked the industry whether insurers as a whole might look better or worse as it approaches the time for the court to reach its verdict
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FeaturesLondon Market sectors swerve direct Covid claims due to lack of non-damage BI extensions
For niche industry sectors such as energy and marine, the Covid-19 pandemic has exacerbated existing claims and informed future market fluctuations rather than had a direct impact on claim notifications. Insurance Times takes a closer look
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Online onlyMore woes for travel insurers and customers as Covid corridor to France shuts
Those travelling from France and a series of other countries will have to quarantine upon returning to the UK
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NewsBiba confirms redundancies due to Covid-19 pandemic
The trade body will lose five employees as part of the redundancy process
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News AnalysisBack to office transitions bring new risks and lessons to the insurance industry
Next month marks the return to offices for most staff in the insurance industry, but as the UK unwinds from lockdown, what risks should brokers be aware of in a post-pandemic world and will office life ever look the same again? Insurance Times investigates
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NewsHiscox Action Group celebrates legal agreement for single arbitration process
Three arbitrators will review four categories of policy around Covid-19 related business interruption claims
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IT InterviewZurich takes ‘track record of claims payment seriously’ as H1 earnings suffer Covid-19 hit
The insurer’s UK chief executive confirmed that its general insurance arm saw a £140m impact on earnings as a result of the coronavirus pandemic
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IT InterviewFCA’s test case has overshadowed insurers’ efforts during Covid-19 pandemic says ABI
The trade association’s director general accepts ‘that reputationally this has been a very difficult few months for the industry’ in light of the FCA’s test case against insurers around the clarity of business interruption policy wordings
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NewsCounty Group buys Britannia Consultants Services in second acquisition of the week
County Group’s managing director said he is expecting to close a number of deals in 2020
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Online onlyCovid-19 claims push Zurich into the red
But new business and retention was up for the first of the year
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News AnalysisNeil Utley set for £70m windfall from Hastings sale
Former chairman and chief executive Gary Hoffman is also set to pocket £15m from the deal
