Latest News – Page 53
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NewsBrit’s undiscounted COR rises in H1 2025
It came ’against a backdrop of significantly increased major loss activity and more challenging market conditions’, says chief executive
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NewsGallagher appoints new chief executive for M&A and private equity client practice
’Gallagher’s existing team is well established and I am looking forward to working with them,’ says appointee
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NewsIPT receipts rose to £8.88bn in last financial year
Over the last five years, IPT receipts have risen by £2.58bn
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NewsAxa to acquire majority stake in €1.2bn Italian MGA with UK operations
’We are confident we can further scale our direct business, expanding our market reach to customer segments that naturally complement those served by our traditional distribution channels,’ says chief executive
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NewsMGA sector entering ‘two speed market’ as innovation and maturity diverge – SiriusPoint’s Alex Hardy
As established MGAs scale up and sector startups seek to drive innovation, long-term partnerships must withstand shifting market cycles, changes and movements, says head of delegated and distribution
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NewsFCA to soon begin recruitment process after Brewis departure as temporary successor named
Brewis is leaving the FCA to take on a new role at KPMG UK
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NewsRegulated firms report FCA and PRA performance improvement – LMG
‘The service delivered by both regulators has taken a significant step forward over the past year,’ says trade body chief executive
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NewsBrewis to leave FCA for KPMG UK
’Insurance is at the heart of KPMG UK’s business and we are committed to serving our clients with the highest calibre talent,’ says partner
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NewsTwo brokers among five firms to gain CII chartered status in Q2 2025
‘They have set themselves apart from other firms in the eyes of their customers and clients,’ says president
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NewsSabre sees profit growth in H1 2025 as GWP dips
’We have continued to write measured but healthy volumes of business at our target loss ratios through the continued soft part of the market pricing cycle,’ says chief executive
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NewsThingCo secures further £2m investment to fuel growth for 2025
’We are excited to support ThingCo as it enters this crucial phase of expansion and continues to revolutionise the telematics sector,’ says chief executive
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NewsMarkel agrees to sell reinsurance renewal rights to Nationwide
’With this change, we will sharpen our focus on doing more of what we do best by growing our core specialty insurance business,’ says chief executive
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NewsSabre appoints DLG board member as non-executive director
’His extensive insurance knowledge and experience will add significant value to Sabre,’ says chair
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NewsMore than 10,000 fire damage claims invalidated due to lack of smoke alarm
Price comparison site estimates that policyholders may have missed out on £16.7m of claims payouts due to smoke alarm negligence
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NewsHydrogen fuel insurance market predicted to reach £2.2bn by 2030
‘As the hydrogen industry scales up, supply chains may come under increasing pressure, with the risk of capacity constraints and delays for replacement parts,’ says head of natural resources
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NewsLiberty targets renewables growth with trio of hires
‘They bring strong sector expertise that will be key to further growing our power and renewables offering,’ says head of energy
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NewsAllianz UK enters car and home insurance agreement with Sainsbury’s
’I’m excited to bring our insurance expertise to support Sainsbury’s Bank customers with their future insurance needs,’ says managing director
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NewsLand Rover thefts substantially decline as new model becomes the target
’JLR deserve huge credit for security upgrades which are apparently highly effective in deterring the professional criminals who target new cars,’ says technical director of motor
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NewsLloyd’s wholesale broker secures capacity for new SME D&O facility
’This launch is part of our wider strategy to continually enhance our product offering across specialist lines,’ says chief executive
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NewsInsurance Times launches MGA service survey to inform 2025’s five star report
The annual survey that underpins Insurance Times’ Five Star Rating Report: MGA market is now open for UK general insurance brokers to share their views on this subsector of the market
