Schemes – Page 7
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NewsBiba and MGA launch new scheme to support the media and entertainment sector
Creating the new insurance scheme was a ‘direct result of member requests’ following a challenging 2020
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LatestAviva announces £900m bulk annuity deal with Kingfisher Pension Scheme
Aviva announces it has completed a £900m bulk purchase annuity transaction in July, with the Kingfisher Pension Scheme. Kingfisher plc is a British multinational retailing company headquartered in London, which manages brands including B&Q and Screwfix
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NewsInsurance industry backs government’s live event reinsurance scheme in partnership with Lloyd’s
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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NewsTowergate and SchemeServe launch online quote and buy property owners’ scheme
Brokers will be able to access combined commercial and property covers to quote and insure up to 200 properties under the same policy
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NewsQ&A: Travelers weigh in on building successful scheme partnerships
Jonathan Forster, Travelers SME distribution director tells Insurance Times about the value of schemes partnerships for brokers and insurers
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FeaturesIn Focus: How are broker schemes innovating to accommodate new risks?
Industry experts discuss the ways in which broker schemes are innovating to cover new risks, such as SMEs, e-scooters and short term rental accommodation
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NewsGovernment committee proposes time limited insurance scheme to prevent live event ‘lost summer’
DCMS committee says ‘the government must act now’ as there is ‘no more room for excuses’
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NewsTemporary trade credit reinsurance scheme to close
Outgoing ABI director general says the scheme is an ‘excellent example’ of how the government and the insurance industry can work together
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FeaturesIn Focus: Hard market and Covid-19 brings brokers more schemes opportunities
Fallout from the Covid-19 pandemic has pushed schemes for SMEs up the agenda, with ’brokers looking at this closer than ever’
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NewsEmployment claims influx ahead following furlough scheme closure – ARAG
Rates in the employers practices liability insurance market were hardening prior to the pandemic – some non-specialist providers had already withdrawn
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NewsNew SchemeServe Network could double brokers’ GWP from schemes
The new network is supported by a panel of seven insurers that specialise in schemes, including AXA and Hiscox
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FeaturesWhat are the most profitable schemes and growth opportunities for brokers?
Although not tipped as the best performing scheme year-on-year, contractors all risks cover represents a ‘market opportunity for brokers’ as the UK exits lockdown
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NewsAston Lark launches broker portal for renovation insurance scheme
The launch follows a successful pilot conducted last November and is ‘just the start of what is to come’, according to scheme manager
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NewsGovernment launches consultation to amend Flood Re scheme
Under the proposals, claims payouts will include additional funds to help policyholders ‘build back better’ following flood damage
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NewsABI backs government funded indemnity scheme for care homes and pharmacies vaccination
The vaccine minister confirmed that this scheme was to provide insurance such as clinical negligence and employers liability
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NewsMusic lobby group calls on government to underwrite festival insurance schemes
The music lobby group is working with the government to identify how it can hold live music events safely and reduce the risk of contracting the virus
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NewsGovernment’s trade credit reinsurance scheme extended
The temporary support measures will now run until June 2021
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FeaturesWhat are the most profitable schemes for brokers amid the pandemic recession?
Although commercial combined schemes have brought brokers the most commission between April and September, residential property owners’ cover is declared the ‘biggest earner’ for this period
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NewsPIB Group and Ageas agree £40m deal for tenant risk scheme
The five-year partnership will see Ageas underwrite the scheme from 1 November
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NewsColdplay bass player calling for government insurance scheme to save events sector
The £90bn events sector is in dire straits due to enforced lockdown measures during the pandemic, but a scheme similar to that of the TV and film industry’s could provide relief
