Latest News – Page 449
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NewsThingCo aims to expand globally after tapping telematics veteran Martin Williams as new COO
With the telematics market making a comeback due to people’s driving behaviour changing over the course of the UK’s lockdown, Martin Williams ThingCo’s new board director and chief operating officer tells Insurance Times why it is the perfect time to roll-out Theo as the insurtech aims to go global
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Online onlyBriefing: Hastings seals a good deal
Hastings has enjoyed strong growth. But claims issues had been catching up with them. Going private works well.
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NewsCar claims on the rise, but may never return to pre-Covid levels says Admiral boss
Shifting consumer trends brought about by lockdown makes predicting claims cost and frequency more difficult
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NewsAdmiral profits surge as fewer lockdown claims slice chunk off combined operating ratio
Like its peers Hastings and Direct Line, Admiral has benefited from a fall in claims frequency during lockdown
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NewsPet insurance market profits as pandemic lockdown sees more new pet owners
The UK lockdown has caused an increase in new pet owners and subsequently a surge in new pet insurance policies being purchased due to the ongoing uncertainty of the pandemic
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NewsFSCS urges insurance industry to make ‘holding of clear customer data’ mandatory
In March, the FSCS revealed that it was still trying to trace 30% of Alpha customers after the unrated insurer’s collapse in May 2018. Now its chairman has specified his requirement for a data standard to be put in place for brokers and insurers
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NewsGresham Underwriting and Covéa enter new capacity partnership
The MGA is also seeking long-term partnerships with insurers in a bid to grow
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NewsLloyd’s Lab chooses ten insurtechs for fifth cohort specialising in Covid-19
It is only the second virtual Lloyd’s Lab to be run and this time the ten selected insurtechs will focus on pandemic solutions
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IT InterviewInsurance market has been the ‘fall guy’ of the Covid-19 pandemic
Lawyer says that the ‘insurance industry is fundamental’ and that it ‘needs to be supported rather than just attacked’
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NewsInsurers shine spotlight on shipping container loss incidents
The extent and pace of growth in container volumes have put strains on a wide range of operational procedures
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NewsCommercial insurance pricing up 19% in Q2
The increase is the largest since the index was launched in 2012 and reflects increased loss experience
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NewsBrokers urged to capitalise on post-Covid cyber demand as homeworking become the norm
Less than half of cyber policies are distributed through the broker channels
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NewsCar insurance claims for injured cyclists and pedestrians has doubled during lockdown
Insurer More Th>n suggests the number of cyclists and pedestrians has increased as Brits look to avoid public transport during the Covid-19 pandemic
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NewsBennetts must be ‘held separate’ from Ardonagh pending probe outcome, competition authority rules
Ardonagh originally revealed its intention to buy the motorbike broker back in February
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IT InterviewABI’s Huw Evans says ‘unpopular’ stance around BI Covid claims was the right call
He adds that the trade body was ‘right to be very open with people’ in order to mitigate ‘a false expectation that they may be covered’
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NewsFiducia teams up with Lloyd’s syndicates to offer NBCR cover
The standalone policy, targeted at regional brokers, aims to provide a cost-effective solution to limited Pool Re cover
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NewsCounty Group buys Worcestershire broker
The acquisition adds another ‘spoke’ broker to GRP’s north west hub
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NewsCredit insurers saved from colossal Covid losses due to state support
Ratings agency predicts that demand for trade credit insurance will increase in the medium to long-term, as SMEs and corporates realise the value of cover in the wake of Covid-19
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NewsNorthern Irish brokers Abbey and Autoline merging
Continued consolidation seen in the province’s broker market
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NewsMarsh appoints new UK placement leader for specialty business
The internally promoted candidate will begin in the role from Q4 this year
