Latest News – Page 454
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NewsDirect Line reveals Ogden hit as profits fall 10.2%
Direct Line reveals how much money the group lost through the resetting of the Ogden rate to -0.25%
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NewsDAC Beachcroft predicts ‘explosion’ of fraudulent bent metal claims
With legislation coming in April 2020, DAC Beachcroft says fraudsters are looking more into bent metal claims
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NewsVictims of London Bridge attack bring claim against van insurer
Slater and Gordon is representing a number of victims seeking compensation for physical and psychological injuries
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AgendaArch acquires Lloyd’s insurer Barbican
Arch builds its presence at Lloyd’s with Barbican deal
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AgendaLitmus unveils insurer ratings ‘how to’ guide amid boom in applications
Ratings advisory firm says the increasing number of unrated failures is encouraging more firms to apply for a rating for the first time
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AgendaFigures reveal impact of JLT deal in first Marsh results since merger
Marsh owner updates on the amount spent in acquisition costs and integration costs through purchasing JLT
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NewsInsurtech Hippo hungry for expansion after $100m funding round
It brings the firm’s total funding raised to $209m (£171m)
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AgendaMGA transferred LAMP customers to unrated Gibraltar insurer over rated alternative
Now4cover chief executive Michael Muzio explains why the unrated option was the better choice in this case
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NewsSabre half-year profits lower amid lagging claims inflation
The firm is on track for its full year results
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NewsLloyd’s broker Paragon bought by Australian insurance group
The deal will take PSC’s controlled premium at Lloyd’s to around £500m
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NewsAston Lark hails revenue progression following merger completion
The group now operates from 25 UK offices, employing over 770 people and places £330m GWP
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NewsContractors unable to get cover as construction insurance crisis spreads
Building inspectors have already been forced to cease trading and now contractors can’t get cover too
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NewsThe construction cover crisis: what we know so far and what next?
The construction market is caught up in a dilemma over Approved Inspectors who oversee projects now finding it increasingly difficult to actually get the insurance they need to operate, Insurance Times investigates
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NewsLAMP home policies transferred to Gibraltar insurer
Customers of now4cover are transferred to another Gibraltar-based insurer
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News‘The inconsistency is breathtaking’ - claimant association slams ABI tracker
The ABI has said that premiums are likely to increase, despite the Ogden rate improving
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AgendaNexus Group acquires niche professional indemnity MGA
It is Nexus’ second deal in financial and professional lines this year
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Online onlyInsurers warn of Ogden impact amid latest premium data
ABI tracker shows costs going up even before Ogden reform
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NewsDoctor accuses Hastings of “everyday sexism” in renewal letter
In a letter she posted on Twitter, Dr Gilchrist said she was “absolutely disgusted and outraged”
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NewsHow the rising cost of traditional building materials is impacting claims inflation and premiums
It was revealed recently by Ecclesiastical that the cost of traditional building materials is increasing, but could this have a knock-on effect on claims inflation? And what other factors might be at play?
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Online only“On the cusp of a disaster” – More building inspectors cease trading after failing to renew insurance policies
The trade body for private building inspectors gets behind insurance industry calls for stringent terms of cover to be changed urgently by the government
