Latest News – Page 78
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NewsPeriod homes cost over double modern counterparts to insure
‘People living in a period home, or those considering purchasing one, should be aware of the potentially higher insurance premiums that typically come with owning an older property,’ says expert
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NewsGlobal commercial insurance rates fall for third consecutive quarter – Marsh
‘We expect the overall trend to continue and for insurer competition to intensify, barring unforeseen changes in conditions,’ says global placement president
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NewsCowbell targets £902bn UK tech sector with cyber and PI launch
‘Our experienced team of underwriters are looking forward to deepening relationships with brokers and further developing our digital distribution capabilities to better serve the UK market,’ says vice-president
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NewsInsurance premium tax windfall sets record high for Treasury
‘The full-year IPT receipts to March 2025 indicate another significant increase for the chancellor,’ says senior actuarial director
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NewsTwo Allianz leaders to depart after insurer merges claims teams
’We thank them both for their outstanding contributions at Allianz,’ says spokesperson
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NewsCII urges accountability for AI decision-making in insurance sector
The professional body emphasised that insurance ‘professionals should always be prepared to take accountability for the outcomes created by AI’
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NewsXceedance appoints new operating leader for the UK and Europe
‘My goal is to enhance client satisfaction through exemplary service delivery and innovative solutions,’ says leader
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NewsCommercial MGA launches into eTrade as it looks to plug market gap
’This expansion is a landmark moment,’ says chief executive
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NewsFormer EY boss joins Oxbow to expand its UK&I general insurance practice
’It’s exciting to be joining the team at a time when the market is evolving,’ says appointee
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NewsMotorist’s £1.2m fake injury claim costs him over £100,000
’This case highlights the importance of thorough investigation and the need to hold claimants accountable for fundamentally dishonest claims,’ says head
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NewsJMG Group expands UK presence with trio of acquisitions
’These acquisitions reflect the strength of our businesses and their confidence in the support we provide,’ says chief executive
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NewsFY 2024 financials prove Covéa ‘made the right decision’ with strategy focuses – Georges de Macedo
Although chief executive ‘will not say that our profit is exceptional in absolute terms’ for last year, the insurer’s journey into profitability demonstrates that five pillar strategy is yielding results
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NewsMGA targets geographical expansion as new CFO appointed
‘Copeland has an accomplished financial background with considerable experience in the Bermuda multiline (re)insurance industry, as well as in the investment sector’, says managing partner
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NewsPartnership launches major new drone and Evtol insurance facility
‘We’re also excited because the facility provides the opportunity to support the rapidly expanding field of drone passenger services, or Evtol ’, says founder and managing director
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NewsOne in six motorists admit lying to cut insurance bills
‘It’s clear from our research that some motorists are taking drastic actions in an effort to try and reduce their costs,’ says chief executive
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Xceedance appoints new global chief operating officer
’We expect his strategic insights and industry knowledge to contribute to our growth in important ways,’ says chief executive
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NewsSurge in broker demand across non-standard home and motor market
‘These findings reaffirm what we hear from our broker partners every day – non-standard is where opportunity lies,’ says managing director
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NewsChief executive at P&I insurer to resign at end of 2025
’The time is right for me to move to my next professional stage in life,’ says chief executive
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NewsEcclesiastical to open new Glasgow office after surge in Scottish business
’We want to grow the business further and be the first choice for Scottish brokers in our target markets,’ says intermediary managing director
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NewsAdmiral agrees to sell US motor business to private investment firm
Leader says the insurer has made the move as it looks to focus on delivering ’long-term sustainable growth in our businesses in the UK and mainland Europe’
