All Insurance Times articles in On-Line Archive – Page 1910
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NewsSpecialist brokers named in Sunday Times fast-grower list
Two specialist insurance brokers have been named in the Sunday Times ‘Profit Track 100’ list of private companies with the fastest-growing profits. Liverpool-based motor broker Acorn Insurance ranked 53rd in the list, after growing profit by 76.39% over the past three years. Acorn specialises in niche ...
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NewsAnaCap sells Simply Business to ERS owner Aquiline
AnaCap has sold insurance broker Simply Business to fellow private equity house Aquiline Capital Partners. Confirming the sale, AnaCap said that it had recouped 4.5 times the amount it invested when it backed Simply Business’s management buy-out in July 2013. News reports put the sale price ...
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NewsBriefing: How can brokers thrive with customers going direct?
The closure of branches at Swinton and Hughes Insurance has once again raised questions about the future of the high street broker. The digital age is challenging for high street brokers selling general personal lines, but even commercial lines community brokers face the threat of customers ...
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NewsRSG launches Lloyd’s-backed cyber-risk MGA
Ryan Specialty Group (RSG)’s underwriting division has launched EmergIn Risk, a London-based cyber-risk managing general agency (MGA). EmergIn Risk has secured an initial £20m of Lloyd’s capacity, which will allow it to offer global companies protection against exposure to system and network interruptions, data corruption or ...
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NewsHyperion’s Stuart Rootham to depart
Hyperion Insurance Group-owned Howden UK Retail joint managing director Stuart Rootham is leaving the company at the end of June. Prior to being appointed joint managing director, Rootham had been the managing director of broker RK Harrison (RKH) Insurance Services since 2011. After the acquisition of ...
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NewsGallagher secures $800m bank loan
Arthur J Gallagher has secured an $800m bank loan to be used for acquisitions or for general business purposes. The deal expires on 8 April 2021. The consortium of banks is led by Bank of Montreal, Bank of America Merrill Lynch, Barclays Bank, Citibank and JP ...
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NewsRSA UK personal lines MD Mark Christer to leave
RSA UK personal lines managing director Mark Christer is leaving the company after five years in the role. David Coughlan, RSA’s group underwriting director, will replace Christer on 1 May. He will report to UK chief executive Steve Lewis. Coughlan joined RSA in 2008 as group ...
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NewsAXA creates separate real estate arm amid push for further growth
AXA Insurance has created a standalone real estate division to take advantage of the double digit growth the division has seen. The real estate business is currently managed as part of the wider London Branch operation. But the insurer said owing to the real estate book ...
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NewsBeazley and Munich Re to launch cyber offering with broader cover
Beazley and Munich Re are planning to launch a cyber offering. The insurer and reinsurer will be offering tailor-made cyber policies with double the amount of coverage that was previously available. The policies will cover physical damage to property and bodily injury as well as more ...
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NewsBollington expands further into motor trade with Scottish hire
Bollington Insurance is planning to expand its motor trade business following the hire of a new motor trade account manager. In his new role Gary Ferguson will service businesses in Scotland. He has joined the broker from TL Dallas in Falkirk. Prior to that he also ...
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NewsUnrated Gable battles to build broker trust
Unrated Liechtenstein-based insurer Gable has had a tough time recently. Its share price is down 88% from its 87.25p peak in 2014, and profitability has suffered as it has worked to close the gap between the reserves it holds and what actuaries think it should hold. ...
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NewsHome & Legacy refreshes home offering to cover market value increases
Home & Legacy has refreshed its home offering to take into account the fluctuating values of household items. The offering which will apply to all household policies; Prestige Home, Ultra Home and Ultimate Home, will provide cover up to the value of 150% of the sum ...
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NewsInnovation blog: The role and importance of strategic marketing
Is your business truly customer-centric? Probably not says Murray Cox, digital strategy director of consultants Pancentric. And he says that until it is, you won’t be able to create a value proposition that appeals in the new marketplace
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NewsWunelli launches user-installable telematics device
Telematics provider Wunelli has launched a user-installable telematics device that plugs into a car’s 12-volt cigarette lighter socket. Wunelli said the device is around 15% of the cost of a traditional hard-wired telematics device, but offers similar levels of accuracy and data quality. The company claimed ...
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NewsInsurance staff followed from work as fraud agency warns about data thieves
Insurance staff are being watched by fraudsters as they leave their office the City of London Police has revealed. In a statement today The National Fraud Intelligence Bureau is warning employees about the consequences of passing on or selling customer data to third parties, which ...
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NewsUninsured driver charged after car chase with police
A man has been charged with dangerous driving and having no insurance after a car chase on the M25 and A3 roads, BBC News reports. Jonathan Lewis, 44, of Long Walk, Epsom was arrested after travelling up to 90 miles per hour in a black Peugeot ...
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NewsRomero opens Midlands office after hiring Circle's Williams
Leeds-based broker Romero has opened a new office in Nottingham to serve clients in the Midlands. The new office is headed by Stuart Williams, who joined Romero as a director in March from broker Circle Insurance Services, where he was operations director on a short-term contract. ...
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NewsQ&A: Chris Voller on how AXA is transforming its claims service
AXA is transforming its claims service to enable customers to manage their claims online from the moment they report it to the insurer to the point the claim is settled. This plans are part of a wider initiative by AXA to improve transparency around claims. Between ...
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NewsAXA customers to manage end-to-end claims online in digital push
AXA is investing heavily in its claims proposition to enable customers to manage their own claims online. The insurer is currently testing the system with a large personal lines broker and through its direct travel business. The types of claims that can be made under the ...
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NewsModus launches home product on SSP
Managing general agency Modus has launched its Home Insurance Plus product on software house SSP’s platform. Home Insurance Plus is designed to cover a range of properties, property usage ad policyholders and provides coverage for buildings, contents and possessions. It is also available for homes of ...
