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Premium Finance Report 2021 Report is out now! view here. In this revealing Insurance Times and Close Brothers Premium Finance report, more than 300 brokers have been surveyed for on the big issues including the challenges from the pandemic, the hardening market and premium financing. Find out what the people who matter are saying. INSURANCE TIMES AWARDS 2020| BROUGHT TO YOU BY INSURANCE TIMES Insurance Times Awards 2020. The Insurance Times awards recognise and celebrate excellence and innovation across the breadth of UK general insurance, honoring the best of the best.. Finalists' Showcase. To promote their success, the 2020 finalists were invited to participate in an online Q&A to share a few details about their entries and achievements and what makes them tick. AVIVA’S COLM HOLMES TO REPLACE ALLIANZ CHIEF JON DYE Aviva’s chief executive of general insurance Colm Holmes is set to join rival insurer Allianz Holdings, as current chief executive Jon Dye announces he will be stepping down at the end of November 2021. Dye initially joined Allianz in 2003 and became its chief executive in 2013. During his tenure, he oversaw the acquisition of Liverpool FCA PUBLISHES POLICY STATEMENT CONFIRMING PRICE WALKING Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’ The FCA has today (28 May 2021) published its policy statement formally confirming its proposals for tackling price walking in INSURANCE TIMES AWARDS 2021 OPEN FOR ENTRIES Winners will be announced at an in-person ceremony at London Grosvenor House in Park Lane on Thursday 9 December 2021. The evening will feature a drinks reception, dinner and after show party, subject to government guidance around Covid-19. CLAIMS EXCELLENCE AWARDS FINALIST 2021 Q&A: SEDGWICK USES At the height of the Covid-19 pandemic, when thousands of in-person transactions moved online, we introduced a new self-service claims management portal, mySegdwick, that’s fast, customer-friendly and extremely easy to use. Portal, mySegdwick’s key achievement has beento onboard 17 major
REVEALED: CLAIMS EXCELLENCE AWARDS FINALISTS 2021 Claims is a vital component of the insurance journey, supporting customers in their time of need – the standard of entries to this year’s Claims Excellence Awards, organised by Insurance Times, demonstrates just how crucial this part of the market is.. The Insurance Times Claims Excellence Awards 2021 recognises the best that the industry has to offer across the claims sector, considering INSURANCE2025: PERSONAL LINES KEYNOTES, 2021 Insurance2025: The insurance industry is going to have to ”trust each other as participants” if the FCA’s general insurance pricing reform for the home and motor insurance markets is going to succeed at creating a ”level playing field” for new and existing customers, said Michael Lawrence, distribution and underwriting director atinsurer LV=.
RSA TAKEOVER SET TO COMPLETE BY END OF MAY RSA takeover set to complete by end of May. As the deal with Intact and Tryg receives regulatory approvals, group chief exec says the business ‘has never been in better shape’, despite paying more than £45m for BI-related Covid claims. RSA has confirmed that its deal with Canadian insurer Intact Financial Group and Danish insurerTryg will
BRENDAN MCCAFFERTY DEPARTS MARKERSTUDY’S BRIGHTSIDE McCafferty originally took up the helm at the broker in August 2018, his departure was under mutual agreement Brightside Group’s chief executive Brendan McCafferty will be departing the firm following Markerstudy buying the Bristol-based broker in March this year. Therest of
HOME PAGE | INSURANCE TIMESNEWSANALYSISSTAR RATINGSRESEARCHEVENTSTOP50
Premium Finance Report 2021 Report is out now! view here. In this revealing Insurance Times and Close Brothers Premium Finance report, more than 300 brokers have been surveyed for on the big issues including the challenges from the pandemic, the hardening market and premium financing. Find out what the people who matter are saying. INSURANCE TIMES AWARDS 2020| BROUGHT TO YOU BY INSURANCE TIMES Insurance Times Awards 2020. The Insurance Times awards recognise and celebrate excellence and innovation across the breadth of UK general insurance, honoring the best of the best.. Finalists' Showcase. To promote their success, the 2020 finalists were invited to participate in an online Q&A to share a few details about their entries and achievements and what makes them tick. AVIVA’S COLM HOLMES TO REPLACE ALLIANZ CHIEF JON DYE Aviva’s chief executive of general insurance Colm Holmes is set to join rival insurer Allianz Holdings, as current chief executive Jon Dye announces he will be stepping down at the end of November 2021. Dye initially joined Allianz in 2003 and became its chief executive in 2013. During his tenure, he oversaw the acquisition of Liverpool FCA PUBLISHES POLICY STATEMENT CONFIRMING PRICE WALKING Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’ The FCA has today (28 May 2021) published its policy statement formally confirming its proposals for tackling price walking in INSURANCE TIMES AWARDS 2021 OPEN FOR ENTRIES Winners will be announced at an in-person ceremony at London Grosvenor House in Park Lane on Thursday 9 December 2021. The evening will feature a drinks reception, dinner and after show party, subject to government guidance around Covid-19. CLAIMS EXCELLENCE AWARDS FINALIST 2021 Q&A: SEDGWICK USES At the height of the Covid-19 pandemic, when thousands of in-person transactions moved online, we introduced a new self-service claims management portal, mySegdwick, that’s fast, customer-friendly and extremely easy to use. Portal, mySegdwick’s key achievement has beento onboard 17 major
REVEALED: CLAIMS EXCELLENCE AWARDS FINALISTS 2021 Claims is a vital component of the insurance journey, supporting customers in their time of need – the standard of entries to this year’s Claims Excellence Awards, organised by Insurance Times, demonstrates just how crucial this part of the market is.. The Insurance Times Claims Excellence Awards 2021 recognises the best that the industry has to offer across the claims sector, considering INSURANCE2025: PERSONAL LINES KEYNOTES, 2021 Insurance2025: The insurance industry is going to have to ”trust each other as participants” if the FCA’s general insurance pricing reform for the home and motor insurance markets is going to succeed at creating a ”level playing field” for new and existing customers, said Michael Lawrence, distribution and underwriting director atinsurer LV=.
RSA TAKEOVER SET TO COMPLETE BY END OF MAY RSA takeover set to complete by end of May. As the deal with Intact and Tryg receives regulatory approvals, group chief exec says the business ‘has never been in better shape’, despite paying more than £45m for BI-related Covid claims. RSA has confirmed that its deal with Canadian insurer Intact Financial Group and Danish insurerTryg will
BRENDAN MCCAFFERTY DEPARTS MARKERSTUDY’S BRIGHTSIDE McCafferty originally took up the helm at the broker in August 2018, his departure was under mutual agreement Brightside Group’s chief executive Brendan McCafferty will be departing the firm following Markerstudy buying the Bristol-based broker in March this year. Therest of
UK GENERAL INSURANCE LATEST NEWS The latest UK general insurance news for insurers, brokers and serviceproviders
CRASH FOR CASH SCAMS STILL ‘A STRATEGIC PRIORITY’ AS 14 hours ago · Crash for cash fraud is ‘still alive and well’ despite the Covid-19 pandemic meaning Brits are driving less, said expert industry panel Despite the Covid-19 pandemic lockdowns resulting in motorists driving less miles and fewer vehicles being out on the roads, ‘crash for cash’ scams have RSA PAYS OVER £80M FOR UK COVID CLAIMS TO DATE 14 hours ago · RSA, which is now owned by Canadian insurer Intact Financial Corporation and Danish insurer Tryg A/S, has so far paid more than £80m for UK-based Covid-19-related claims, according to chief executive for UK and international Scott Egan. Speaking to trade press at the end of last week, Egan confirmed that £50m of this £80m total regards claims relating to the FCA’s test case on business INSURANCE TIMES AWARDS 2021 OPEN FOR ENTRIES Winners will be announced at an in-person ceremony at London Grosvenor House in Park Lane on Thursday 9 December 2021. The evening will feature a drinks reception, dinner and after show party, subject to government guidance around Covid-19. ASTON LARK IRELAND MAKES ANOTHER ACQUISITION 6 hours ago · Aston Lark Ireland has made another acquisition, this time buying Dublin-based broker McMahon Galvin as it continues its growth trajectory. The deal marks Aston Lark Ireland’s fourth acquisition in 2021, following its purchase of North County Brokers, O’Loughlin Insurance Group and Brady Burns and Associates.. Founded in 1970, McMahon Galvin has provides home and car INSURANCE SECTOR COULD FORK OUT UP TO $3BN FOR TOKYO 6 hours ago · The International Olympic Committee is pushing ahead for the games to be conducted safely The insurance sector could pay out between $2bn and $3bn for the cancellation of the impending Tokyo Olympic Games, due to begin on 23 July, according to analysis from Bloomberg Intelligence, the LACK OF COVER LEAVES SMES EXPOSED TO CYBER ATTACKS 9 hours ago · The ‘perfect storm’ Alana Muir, senior cyber underwriter at Aviva, said that business customers will often have cover for “tangible” risks, such as fire, flood and theft, however, the impacts of a cyber breach will extend beyond the initial costs, resulting in “loss of revenue” as well as “damage to both reputation and trust”. CHUBB AND MARSH IN WORLD’S FIRST COVID VACCINATION Chubb and Marsh will povide $150 million in insurance coverage for a program to compensate certain people suffering harm from vaccinations. They will partner with World Health Organisation (WHO) and Gavi the Vaccine Alliance (Gavi) to offer the insurance to people across 92 lowincome countries.
AXA FRANCE OFFERS €300M BI SETTLEMENT TO 15,000 RESTAURANT 10 hours ago · AXA France has offered a €300m financial business interruption (BI) solution to 15,000 restaurant owners on the insurer’s standard insurance policy, including extended coverage for losses linked to administrative closure. The support package willprovide a
COVÉA INSURANCE DEPLOYS LEAK DETECTING TOOL FOR HNW 15 hours ago · Covéa Insurance has struck a partnership with Internet of Things-enabled water leak detection business LeakBot. The insurer will begin rolling out LeakBot devices to its high net worth (HNW) customers across the UK, through its broker and affinity networks. LeakBot is an end-to-end claims HOME PAGE | INSURANCE TIMESNEWSANALYSISSTAR RATINGSRESEARCHEVENTSTOP50
UK general insurance news and analysis for insurers, brokers andservice providers
FCA PUBLISHES POLICY STATEMENT CONFIRMING PRICE WALKING Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’ The FCA has today (28 May 2021) published its policy statement formally confirming its proposals for tackling price walking in AVIVA’S Q1 COR IN GI IMPROVES TO 90.8% FOR 2021 Aviva’s combined operating ratio (COR) for its general insurance business in the UK, Ireland and Canada stands at 90.8% at the end of quarter one in 2021, compared to 114.2% in 2020’s quarter one – showing a 23.4 percentage point improvement. CLAIMS EXCELLENCE AWARDS FINALIST 2021 Q&A: SEDGWICK USES At the height of the Covid-19 pandemic, when thousands of in-person transactions moved online, we introduced a new self-service claims management portal, mySegdwick, that’s fast, customer-friendly and extremely easy to use. Portal, mySegdwick’s key achievement has beento onboard 17 major
REVEALED: CLAIMS EXCELLENCE AWARDS FINALISTS 2021 Claims is a vital component of the insurance journey, supporting customers in their time of need – the standard of entries to this year’s Claims Excellence Awards, organised by Insurance Times, demonstrates just how crucial this part of the market is.. The Insurance Times Claims Excellence Awards 2021 recognises the best that the industry has to offer across the claims sector, considering AVIVA’S COLM HOLMES TO REPLACE ALLIANZ CHIEF JON DYE Dye will leave the insurer in November after an 18-year tenure Aviva’s chief executive of general insurance Colm Holmes is set to join rival insurer Allianz Holdings, as current chief executive Jon Dye announces he will be stepping down at the end of November 2021. Dye initially joined Allianz in RSA TAKEOVER SET TO COMPLETE BY END OF MAY RSA has confirmed that its deal with Canadian insurer Intact Financial Group and Danish insurer Tryg will complete by the end of May, as it has now received the required regulatory approvals.. Initially announced in November 2020, the acquisition will see Intact take over RSA’s Canadian, UK and international business for £3bn, while Tryg has paid £4.2bn to assume control of the insurer’s INSURANCE2025: PERSONAL LINES KEYNOTES, 2021 Insurance2025: The insurance industry is going to have to ”trust each other as participants” if the FCA’s general insurance pricing reform for the home and motor insurance markets is going to succeed at creating a ”level playing field” for new and existing customers, said Michael Lawrence, distribution and underwriting director atinsurer LV=.
GALLAGHER AGREES TO ACQUIRE CERTAIN WTW COMBINED The newly revealed deal is part of the proposed regulatory remedy for the pending Aon-WTW merger Arthur J. Gallagher and Co has agreed to acquire certain Willis Towers Watson’s reinsurance, speciality and retail brokerage operations. In the AVIVA EXTENDS BUILDING INSURANCE TO NEW CUSTOMERS WITH The new offer is open to all customers in the residential property owners’ market, where Aviva has expertise, however it will not be open to local authority housing and housing associations because there are established insurance marketplaces for these buildings.. Buildings that sit in managed portfolios will only be considered as part of theentire portfolio.
HOME PAGE | INSURANCE TIMESNEWSANALYSISSTAR RATINGSRESEARCHEVENTSTOP50
UK general insurance news and analysis for insurers, brokers andservice providers
FCA PUBLISHES POLICY STATEMENT CONFIRMING PRICE WALKING Law firm partner says the new rules to tackle price walking give the ‘FCA teeth to enforce the requirements against those companies who have been less willing to change’ The FCA has today (28 May 2021) published its policy statement formally confirming its proposals for tackling price walking in AVIVA’S Q1 COR IN GI IMPROVES TO 90.8% FOR 2021 Aviva’s combined operating ratio (COR) for its general insurance business in the UK, Ireland and Canada stands at 90.8% at the end of quarter one in 2021, compared to 114.2% in 2020’s quarter one – showing a 23.4 percentage point improvement. CLAIMS EXCELLENCE AWARDS FINALIST 2021 Q&A: SEDGWICK USES At the height of the Covid-19 pandemic, when thousands of in-person transactions moved online, we introduced a new self-service claims management portal, mySegdwick, that’s fast, customer-friendly and extremely easy to use. Portal, mySegdwick’s key achievement has beento onboard 17 major
REVEALED: CLAIMS EXCELLENCE AWARDS FINALISTS 2021 Claims is a vital component of the insurance journey, supporting customers in their time of need – the standard of entries to this year’s Claims Excellence Awards, organised by Insurance Times, demonstrates just how crucial this part of the market is.. The Insurance Times Claims Excellence Awards 2021 recognises the best that the industry has to offer across the claims sector, considering AVIVA’S COLM HOLMES TO REPLACE ALLIANZ CHIEF JON DYE Dye will leave the insurer in November after an 18-year tenure Aviva’s chief executive of general insurance Colm Holmes is set to join rival insurer Allianz Holdings, as current chief executive Jon Dye announces he will be stepping down at the end of November 2021. Dye initially joined Allianz in RSA TAKEOVER SET TO COMPLETE BY END OF MAY RSA has confirmed that its deal with Canadian insurer Intact Financial Group and Danish insurer Tryg will complete by the end of May, as it has now received the required regulatory approvals.. Initially announced in November 2020, the acquisition will see Intact take over RSA’s Canadian, UK and international business for £3bn, while Tryg has paid £4.2bn to assume control of the insurer’s INSURANCE2025: PERSONAL LINES KEYNOTES, 2021 Insurance2025: The insurance industry is going to have to ”trust each other as participants” if the FCA’s general insurance pricing reform for the home and motor insurance markets is going to succeed at creating a ”level playing field” for new and existing customers, said Michael Lawrence, distribution and underwriting director atinsurer LV=.
GALLAGHER AGREES TO ACQUIRE CERTAIN WTW COMBINED The newly revealed deal is part of the proposed regulatory remedy for the pending Aon-WTW merger Arthur J. Gallagher and Co has agreed to acquire certain Willis Towers Watson’s reinsurance, speciality and retail brokerage operations. In the AVIVA EXTENDS BUILDING INSURANCE TO NEW CUSTOMERS WITH The new offer is open to all customers in the residential property owners’ market, where Aviva has expertise, however it will not be open to local authority housing and housing associations because there are established insurance marketplaces for these buildings.. Buildings that sit in managed portfolios will only be considered as part of theentire portfolio.
UK GENERAL INSURANCE LATEST NEWS The latest UK general insurance news for insurers, brokers and serviceproviders
UK MOTOR INSURERS EXPECTED TO MAKE LOSSES IN 2021 AND 2022 6 hours ago · Premiums are set to drop by 6% this year due to changes in car usage and the whiplash reforms While the UK motor insurance market reported its best underwriting profit in 2020, with a net combined ratio (NCR) of 90.3%, in 2021 and 2022 the sector is LLOYD’S TO DEVELOP UNDERWRITING ROOM FUTURE VISION FOR 9 hours ago · Lloyd’s of London will be developing the vision of its underwriting room over the coming months, according to the market’s chief executive John Neal.. Speaking on this at last month’s virtual Cyber Summit event, organised by CFC Underwriting, Neal said: “As we look to return to the office and a new, better , we are creating a future vision for our iconicunderwriting
BRIEFING: AVIVA, ALLIANZ, RSA AND AXA 3 hours ago · Briefing: Aviva, Allianz, RSA and AXA - who’s top and why it matters. 2021-06-09T13:19:00 RSA OUTLINES PRODUCT GROWTH AMBITIONS FOLLOWING INTACT 9 hours ago · The insurer wants to be ‘a more dominant force’ within the SME market, according to its UK and international chief executive Insurer RSA “would love to have a stronger motor proposition” within its personal lines business in the UK, capitalising on the expertise of its new owner, Canadian REVEALED: CLAIMS EXCELLENCE AWARDS 2021 Due to ongoing lockdown restrictions connected to the Covid-19 pandemic, Insurance Times returned virtually in 2021 for its annual Claims Excellence Awards, which acknowledges and celebrates claims service excellence in the UK general insurance sector. Read more TARA PARCHMENT: HNW EXPERTISE AND ADVICE IS ‘IRREPLACEABLE 3 hours ago · Technology has pushed the industry to consider how it trades into “real sharp relief”. For high net worth (HNW) businesses, the “expertise and the advice that brokers offer” to customers is “irreplaceable by technology”, said Tara Parchment, head of private clients at Brit Insurance.. Instead, what technology can do is “really enhance that relationship”, she continued LONDON MARKET BROKERS WILL BE AT ‘FOREFRONT’ TO ASSIST 9 hours ago · The role of the broker ‘will be critical’ in driving change due to their understanding of both risks and organisational transformation Brokers working within the London market “have a key role to play” in helping the government achieve its net zero ambitions “because of their unique MCGILL AND PARTNERS SECURES NEW STRATEGIC ADVISOR FROM AON 1 day ago · The new hire says the position ‘is a unique opportunity and one that I simply could not let pass’ (Re)insurance broker McGill and Partners has appointed Aon’s former president of risk solutions Warren Mula as its new strategic advisor, effective from 7 June 2021. Mula will also be joining AA PROVIDES ELECTRIC VEHICLE COVER TO ADDRESS MOTORISTS 9 hours ago · British motoring association the AA has revealed that 69% of drivers are concerned about cover for their electric vehicle (EV) should it be damaged when connected to a public chargepoint. The discovery was highlighted in a survey of more than 15,500 * Skip to main content * Skip to navigationInsert Logo text
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