All Insurance Times articles in On-Line Archive – Page 1930
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NewsBriefing: As another insurer goes direct, should brokers be worried?
Another day, another insurer going SME direct. This times it is US insurer Travelers, releasing a direct SME office product for fewer than 10 employees and less than £2.5m in revenues. Travelers joins AXA, Allianz (Premierline Direct) and Hiscox, who have all gone direct to business ...
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NewsMan sentenced for lying about documents in £300,000 insurance claim
A 61-year-old man has been sentenced to 12 months’ imprisonment, suspended for two years, after using fake invoices in a £300,000 insurance claim. Richard William Kirkup Lewis from South Wales pleaded guilty to fraud by false representation and was sentenced at Swansea Crown Court on Friday ...
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NewsMarsh’s Weil: SME broking needs to change
Simply finding the right price for clients will no longer be good enough to thrive as an SME broker, according to Marsh UK and Ireland chief executive Mark Weil. In his keynote speech at the inaugural Insurance Times Insuring SMEs event in London yesterday, Weil also ...
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NewsDigital Risks partners with Aviva for combined commercial cover
Digital Risks, the new digital-first broker for technology and media businesses, has announced a partnership with Aviva to launch its combined commercial product. Designed to meet the needs of fast-growth and digitally-focused start-up and SME businesses, the product is sold as a monthly subscription, rather than ...
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NewsTowergate hires Microsoft to help with IT overhaul
Towergate has hired Microsoft as a provider of cloud-based computing as it continues to overhaul its IT systems. The broking group will use Microsoft’s Azure cloud computing platform for its data centres and staff computing will be based on Microsoft’s Windows 10, Office365 and Skype for ...
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NewsSwinton closes Leek branch
Broking group Swinton closed its branch in Leek, Staffordshire on 18 June. The Leek Post & Times reported that the broker’s Leek branch clients will now be served by its Hanley branch. The paper quoted a letter to customers from Swinton distribution director Richard Beaven, which ...
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NewsAllianz to start warning brokers about client underinsurance
Allianz UK is planning to start warning brokers when it thinks small business clients are potentially underinsured from next month, SME and corporate partnerships director David Martin. The move comes amid growing concerns about underinsurance at small to medium-sized enterprises (SMEs). Speaking at the inaugural Insurance ...
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NewsAon UK appoints long-serving Marsh exec to board
Aon UK Ltd has appointed former Marsh executive John Nicholson as a non-executive director. Aon UK Ltd is Aon’s main regulated entity in the UK, and includes the global broking group’s UK risk management, insurance and reinsurance businesses. Nicholson worked at Marsh for 18 years between ...
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NewsLiberty Insurance to cut 70 jobs
Liberty Insurance, the Irish subsidiary of Liberty Mutual Insurance Group, will cut 70 jobs following market instability, claims increase and excess capacity for commercial liability insurance. Most of the job cuts will come from the commercial insurance and bank office functions in the Cavan and Dublin ...
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NewsRevealed: How Marsh and Gallagher are plotting UK acquisitions
Marsh is keen to repeat the US success of its Marsh & McLennan Agency model, and after acquiring Jelf last year, is planning to buy more UK brokers
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NewsHDI plots Scottish expansion with Glasgow branch
HDI Global is planning to open an office in Glasgow. The insurer said it wanted to strengthen its regional footprint by establishing a presence in Scotland. It already has offices in London, Birmingham and Manchester. As a result of the move HDI has hired Paul McGhee ...
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NewsChubb's European high net worth head to depart
Chubb Europe’s head of personal lines Simon Mobey is leaving the company. He will be replaced by UK and Ireland distribution head Jeremy Miles who has been promoted to the role of senior vice president, personal risk services, Europe. In his new role Miles will be ...
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NewsMarsh and Gallagher plot UK acquisitions
Much of the recent talk about UK SME broker mergers and acquisitions has been dominated by the new consolidators such as GRP and PIB. But it should not be forgotten that there are much bigger beasts in the market that also have a strong appetite for ...
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NewsSouth East and London hit by flash floods
The South East and London have been hit by flash floods after a month’s rain fell in a few hours this morning. Red immediate action warnings are in place for areas of Essex and the capital. Flooded streets were reported across the capital, with Bexley getting ...
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NewsUK firms to face increased cyber regulations even with Brexit
UK companies will still have to comply with new EU regulations regarding data breaches irrespective of the outcome of the referendum vote today, leading cyber risk experts at Beazley’s Hacked! Conference said earlier this week. Interest in cyber protection among UK businesses has risen sharply with ...
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NewsChannel Syndicate appoints new head of technology and cyber insurance
Tom Allen has joined Lloyd’s managing agency Channel Syndicate’s new innovation division as head of technology and cyber insurance. Channel, a subsidiary of Lloyd’s reinsurer SCOR, said the innovation division will look at new technologies and emerging risks, including cyber. Allen worked as a lawyer before ...
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NewsWhitepaper: The benefits of genuine customer feedback
Feefo looks at how companies can garner genuine customer feedback to gain business insights and address customer concerns, with a case study of its collaboration with insurer Hiscox.
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