Latest News – Page 71
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News
FCA bans and fines broker for dishonest conduct
’The FCA finds that he is not a fit and proper person to perform any function in relation to any regulated activities,’ says regulator
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Instanda scoops expert as interim chief AI officer
’His appointment gives us all an opportunity to benefit from his wealth of experience,’ says chief executive
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MGA opens new London office led by ex-Ardonagh Advisory leader
’The London office will give us better access to the brokers and capacity in the southern geographic,’ says managing director
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New leadership team appointed at broker network
’This leadership team is deeply committed to clients and stakeholders and is comprised of industry and strategic growth experts,’ says chief executive
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Aviva’s Blanc responds to ‘profiteering’ claim after premium rises
Premiums rose off the back of the Covid-19 pandemic and increases continued into this year
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Aviva’s UK&I GI business boosts operating profit as GWP rises
’This is an excellent set of results, with continued double digit growth across both personal and commercial lines,’ says chief executive
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Allianz UK ‘widening distribution footprint’ for smaller brokers
’We are making a lot of investment in the front end of our business,’ says chief executive
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Insurance Times Awards entry deadline extended to 16 August
Market participants can win prizes across 31 categories at December’s luxurious awards evening
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Chubb announces trio of senior promotions
’The strength of Chubb’s finance organisation is evident in the three seasoned executives who are stepping into new roles,’ says chief financial officer
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McLarens reports 300% rise in suspected fake document use in Q1 2023
’Fakes are becoming more sophisticated and easier to come by,’ says head of investigation
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News Analysis
Insurers see ‘wide variety’ of claims reaching ‘hundreds of thousands of pounds’ linked to UK riots
However, insured losses should prove ’manageable for British insurance companies’ thanks to the Riot Compensation Act 2016, says managing director
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News
Partners& makes acquisition to help expand proposition into underwriting
’Our key strategic goal is to build out our proposition in the market,’ says chief executive
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Regsearch rebrands AI proposition
The new name ’conveys the role of AI in risk and regulatory compliance tasks, tying directly to the Regsearch brand and enhancing our recognition and authority in the industry,’ says chief executive
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News
Catch up on insurers’ 2024 half-year financial results
UKGI insurers are releasing their trading updates with details on their half-year financial results for 2024. Here’s Insurance Times’ roundup of all the stories you need to keep abreast of the latest figures…
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News
London insurers facing large claims bill after Taylor Swift concerts cancelled
Around 195,000 fans were due to attend
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Cytora inks partnership with AI due diligence firm
’This collaboration strengthens our ongoing efforts to provide insurers with the most advanced solutions,’ says chief operating officer
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Wiser Academy announces new senior appointment
’I am thrilled to have been appointed at a time when we are aligning our focus towards a period of significant growth,’ says appointee
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Hiscox goes live with AI proposition for brokers
’We can deliver tangible benefits for customers, while freeing up our underwriters from manual tasks,’ says chief executive
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Record £1.4bn in property claims paid out in Q2 2024
’Our latest figures demonstrate the devastating impact that adverse weather can have,’ says policy adviser
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Specialist MGA announces two senior hires
The roles will ensure the MGA ’remains the most robust of underwriting agencies for carriers’, says managing director