All Online only articles – Page 20
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'Horrific' - Powerful politician reacts to investigation on Lloyd's sexism and bullying
Lloyd’s in the firing line as investigation uncovers a backwards institution with a rampant culture of sexism, bullying, chauvinism
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Inside the quirky world of structural defects insurance with CRL’s Steve Mansour
Insurance Times spoke to the chief executive of CRL to find out more about structural defects insurance and how the business broke the near-monopoly of a market leader
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EXCLUSIVE: FSCS denies misleading policyholders in wake of Alpha collapse
Alpha policyholder Roger White says he was left paying thousands for additional cover as a result of the advice and is considering legal action against specialist insurance company CRL
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'High leverage' Hyperion debt passes through £1bn barrier
Hyperion’s debt has passed through the £1bn barrier, with Moody’s listing a number of issues the insurance group faces. Hyperion’s growing debt is now £1.142bn, as the latest tranche of debt, a £100m loan, was added. Moody’s estimates the debt to earnings ratio is around 6.6x. Moody’s highlighted ”its ...
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Guidewire's Cyence sees opportunity as cyber insurance market hits $5bn
Guidewire estimates the fast-growing cyber insurance market is now worth $5bn. In the last year, the cyber market has grown around 25% - and Guidewire Cyence chief technology office George Ng predicts further growth. Guidewire is in a strong position to give a market overview of cyber as its data-rich ...
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NatWest launches new tech to help brokers with client money
Bank expects new tech to roll out in October
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SSP primed to help insurers on dual pricing challenge
SSP says it is primed to help insurers on dual pricing with its Intelligent Quotes Hub (IQH). SSP IQH is a proven pricing and quote solution, already used by some of the UK’s top insurers. Meanwhile, dual pricing is a huge issue, with the FCA revealing pricing ban details and ...
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Briefing: Five actions Tulloch could take to shake up Aviva
Briefing by Saxon East What can new chief executive Maurice Tulloch do to shake up Aviva to bolster shareholder returns? Now the dust has settled following the news of his appointment, here are five ideas being discussed. 1. Sell off some or even all of the international operations This ...
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New Aviva boss Tulloch faces steep challenge - analysis
Unhappy shareholders, doubtful analysts and a stategic stall are challenges new chief executive Maurich Tulloch will have to overcome
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Markel’s UK divisional MD on how to deliver a Five Star service to brokers
In the latest Broker Service Survey from Insurance Times, Markel was recognised for the outstanding service it is delivering for its brokers. We spoke to Neil Galjaard to find out how the insurer achieved its Five Star rating…
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Briefing: Why RSA’s MGA losses casts doubt out on the model
Following the publication of RSA’s 2018 results yesterday, Insurance Times content director Saxon East takes a closer look at generalist MGAs and how they might have contributed to the insurer’s problems
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RSA hikes UK personal lines motor rates and slashes premium
RSA hiked UK personal motor rates 10% as management look to stem the problems coming from that area of the business. The hikes in 2018, which come at a time of a declining UK rates, meant RSA UK personal motor arm premium was down 16%. Net premiums fell to £254m ...
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RSA battered by huge London market losses as UK disappoints
RSA UK and International suffers a disappointing year as management take actions to fix the business
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Aon highlights eight cyber risk areas
Game-changing business opportunities are created, as well as risks, as companies continue to use technology to speed up information transfer, according to re/insurance broker Aon
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Private equity paying higher prices than pre-crash 2007 - reports
Booming private equity industry facing stiff competition for assets
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Under the bonnet: Insurance Times investigates esure's solvency issues
By Saxon East Eamonn Flanagan was a seasoned analyst with a bearish attitude to UK motor insurers, and on this particular day, esure was in his sights. Slapping a sell on esure, Flanagan told investors in April 2017 that esure had aggressive growth plans. The Peter Wood-founded insurer aimed to ...
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ABI decries Brexit no-deal 'self harm'
A statement from the body’s director general Huw Evans said the “only alternative to ‘no deal’ is some form of short delay to Brexit”
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Carpenters becomes ABI associate member
As an associate the insurer and legal services provider can access statistics and other services
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Cyber Insurance: The anatomy of a claim - part two
The second in a series of case studies taking a look at the complex world of cyber claims with CFC Underwriting’s James Burns