All Insurance Times articles in On-Line Archive – Page 1924
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Online onlyNeos chief exec: 'Insurance suffers from being conservative'
Neos chief executive Matt Poll, who left MoreThan after 15 years to create a home insurance start-up, explains the potential dangers for insurance companies of not engaging with their customers properly, and why they must be more agile with new ideas.
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NewsBroker Kingsbridge plots expansion after £4.2m PE firm backing
Broker Kingsbridge Risk Solutions is planning to expand into new sectors after securing backing from private equity firm Dunedin. The deal worth £4.2m means that Livingbridge the mid-market private equity firm that backed Kingsbridge in January 2014 will fully exit the business. This is Dunedin’s second ...
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NewsAviva head of fraud named as IFB technical board chair
Aviva head of fraud, Tom Gardiner, has been appointed as the new chair of the Insurance Fraud Bureau (IFB) technical board. Gardiner takes over from Richard Davies, who will remain on the board. The technical board, which was set up in 2011, comprises of leading fraud ...
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NewsRSA completes sale of Mexican operation
RSA has completed the sale of its Mexican operations to Suramericana, the insurance subsidiary of Grupo de Inversiones Suramericana (Grupo SURA). The transaction is part of RSA’s plan to sell all of its Latin American operations to Grupo SURA for £403m, which it announced in September ...
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NewsLondoners pay double for motorbike insurance compared with rest of UK
Motorcyclists in London pay nearly twice as much in insurance compared with those in the rest of the UK because of the greater risk of theft or accident. Londoners pay £518 a year to insure their motorbikes, against a national average premium of £285, according to ...
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NewsPIB buys Guernsey-based broker
PIB has bought Guernsey-based broker Channel Insurance Brokers (CIB) for an undisclosed sum. CIB is the Carlyle Group-backed consolidator’s third acquisition, after Fish Insurance and Cooke & Mason, which it completed in April. PIB has hired Stephen Llewellyn-Jones (pictured) as CIB’s new chief executive. He was ...
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NewsGable abandons 'inappropriate' £10m sister MGA funding plan
Gable has abandoned plans for sister underwriting agency Hogarth to contribute £10m to the unrated insurer’s regulatory capital after chief executive William Dewsall decided the transaction would be “inappropriate”. According to a stock exchange announcement, Dewsall now intends to use a separate private vehicle, wholly owned ...
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NewsMunich Re insurance arm to axe 1,800 jobs
Munich Re’s ERGO insurance unit is planning to axe 1,800 jobs as part of a cost-cutting drive. The job cuts have been dubbed “ruthless” by a union representative. The job losses will fall in Germany as the insurer tries to lower its gross annual cost base ...
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NewsCo-op: UK drivers find motor insurance ‘too confusing’
Half of the UK’s drivers find motor insurance too confusing, and 86% believe it needs to be easier to understand, according to a survey commissioned by Co-op Insurance. The survey of 2,000 UK drivers, conducted by Atomik Research, found that 51% of drivers do not understand ...
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NewsCo-op Insurance finance chief heads back to LV= to replace Steve Castle
Co-op Insurance chief financial officer Kieran O’Keeffe will leave on 14 October this year to join rival insurer LV= as general insurance finance director. He replaces current LV= general insurance finance head Steve Castle, who wil leave LV= towards the end of the year following a ...
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NewsBluefin extends loss recovery insurance deal with Lorega
Broking group Bluefin has extended a white-label loss recovery insurance deal with underwriting agency and loss adjuster Lorega for a further three years. Under the deal, Lorega will continue to provide loss recovery insurance cover to Bluefin clients under the Bluefin Assist brand. The cover helps ...
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AgendaInnovation blog: Insurtech trends are reshaping insurance
Chris Finney, partner at law firm Cooley (UK), on how peer-to-peer and crowd-sourced insurance are already making inroads into the industry
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Online onlyInnovation blog: The win-win approach to insurance innovation
In their drive to improve customer and user engagement, insurers can profit from the insights of perceptive start-ups who understand their pain, says Startupbootcamp managing director Sabine VanderLinden
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NewsExpert View: Adopting a new mindset for change and innovation
SSP Chief Technology Officer Kevin Gaut says that adopting a different way of thinking will give insurers a foundation for change and innovation
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NewsExpert View: Innovation – consider the third approach
Innovation Group marketing director Stacey O’Connor on evolving the insurer business model
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AgendaInnovation blog: Insurance needs to win the Internet of Things War
Pegasystems European Insurance director Tony Tarquini on how the insurance industry must change its mindset or find itself relegated to the fringes by the innovators and disrupters
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NewsSwiss Re insurance arm launches UK-specific cyber cover
Swiss Re’s insurance unit Swiss Re Corporate Solutions has launched a primary cyber risk protection product specifically for the UK market. The new product, called CyberSolutions UK, combines insurance with risk mitigation and remediation services and is aimed at mid-sized and large companies. Swiss Re Corporate ...
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NewsBarclays Corporate Banking names new UK insurance heads
Barclays Corporate Banking has named James Morris as head and Dan Broome as deputy head of its UK insurance team. The team manages banking relationships with insurers and brokers and provides financing, banking and financial risk management services. The new roles were created following a team ...
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NewsConsolidation is key driver in appointed representative boom
The number of appointed representatives in the UK is growing; networks report record applications. Now the FCA has decided to look at the oversight of ARs by their directly regulated principals
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