Latest News – Page 511
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Online onlyCalls for ‘whiplash Brexit’ extension grow
There are fears that the government is determined to meet the implementation deadline, ready or not
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Online onlyInsurers accused of ‘rank hypocrisy’ over pre-medical settlements
Despite the use of pre-medical settlement offers set to be outlawed in April 2020, insurers are still using the system to reduce compensation payments
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Online onlyAston Lark kicks off Goldman era with Lloyd’s broker buy
Acquisition gives Aston Lark deeper access to the London market
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NewsMarkel restructures wholesale business
The move is aimed at improving ’operational efficiencies’
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NewsMoneySuperMarket buys 28% stake of specialist travel insurance comparison site
It reinforces the longstanding relationship between the two
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AgendaBroker boss takes gentler approach to M&A
Mid-market broker aims to blaze the acquisition trail at its own pace
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NewsNearly half of brokers unaware of SMCR – Ecclesiastical
Once the legislation was explained to brokers the majority agreed that senior individuals at their firms should be made directly accountable for their actions
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Online onlyArdonagh ‘very pleased’ as judge dismisses most of Gallagher’s claims
Chairman John Tiner describes the whole episode as ‘unfortunate’
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NewsHastings shares fall again as claims issues continue to bite
Rising third party credit hire cost, repair costs and mid-range bodily injury costs accounted for the claims inflation
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NewsRuling to put the brakes on runaway credit hire charges
Court judgement puts credit hire companies on notice that they will no longer be able run up huge sums by allowing claimants to use replacement vehicles for extreme periods
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NewsAqueous Underwriting reveals £60m capacity deal plans
It uses broker feedback to improve its governanace of its wider products
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NewsNew syndicate targets $1bn premium into Lloyd’s
The syndicate will focus on the specialist US high net worth market
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NewsLondon Market construction group launched by IUA
It will meet on a monthly basis and liaise closely with the IUA’s Professional Indemnity Forum
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NewsMounting motor data promises pricing revolution
The sheer amount of data could prove to be too much for insurers to handle if connected and autonomous vehicles were to become mainstream
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NewsExpert calls for household cyber cover
A growing dependence on connected devices inside the home had created a demand which now needed to be met
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NewsM&A success needs proper planning, says expert
Firms must understand how their personal circumstances might impact the transaction
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NewsGoCompare owner refinancing to help aggregator disruptor strategy
Owner of price comparison site refinances bank facilities
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NewsClimate protesters target Baden Baden insurance conference
Non-for-profit initiative, Unfriend Coal says that by mid-2018 seven reinsurance companies controlling 45% of global reinsurance premiums had reportedly divested
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NewsAA Ireland reduce missed webchats by 81% via new chatbots
The bots also cut customer call time from 16.5 minutes to 10 minutes
