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Showing posts from October, 2022

Martin Thompson named Brit CEO as Matthew Wilson steps down

Martin Thompson has succeeded Matthew Wilson as group CEO at Brit and executive chairman of digital and algorithmically-driven Lloyd's of London syndicate Ki. from Insurer - insuranceage.co.uk https://ift.tt/PKtS4kh

People Moves: 24-28 October 2022

Keep up to date with the latest personnel changes within insurance. from Insurer - insuranceage.co.uk https://ift.tt/belYyuD

Aviva invests £9m to help with crisis support

Aviva has invested £9m into Citizens Advice and Business Debtline services to aid with crisis support. from Insurer - insuranceage.co.uk https://ift.tt/isLdJGV

No major impact on insurers by inflation: report

Plenum Investments’ 2022 half year report has shown that inflation has not had a serious impact on the insurance sector, except for UK motor insurers, and higher interest rates has led to an improvement in Solvency II positions. from Insurer - insuranceage.co.uk https://ift.tt/4dX2wKZ

Alan Atkins new CEO at MCE Insurance

MCE Insurance has a new CEO, with Alan Atkins taking up the mantle and former CEO Julian Edwards stepping into role of executive chair. from Insurer - insuranceage.co.uk https://ift.tt/Y07PXx1

FCA threat of premium finance crackdown rises amid ‘fairness’ concerns

The Financial Conduct Authority has a list of concerns about premium finance, with two of its most powerful figures in general insurance expressing their unease over issues with the product. from Insurer - insuranceage.co.uk https://ift.tt/EhjX1S6

Trade bodies battle to trim FCA fair value paperwork ‘crippling’ small firms

Trade bodies are working with the Financial Conduct Authority to narrow down the focus of its fair value assessments which comes with a huge regulatory burden. from Insurer - insuranceage.co.uk https://ift.tt/Ey1FODI

Specialty MGA UK launches with broker service promise

Specialty MGA UK has launched focusing on hard to place risks and specialty lines of business. from Insurer - insuranceage.co.uk https://ift.tt/17yNgpa

Kingfisher asserts "limited" impact despite $300,000 ransomware threat

Kingfisher Insurance has become the latest insurance company to be hit by a cyber attack but claims its impact was "very limited". from Insurer - insuranceage.co.uk https://ift.tt/Yzy0lEN

GI firms need to step back and consider what to do differently under Consumer Duty, says FCA

The insurance sector is well placed ahead of the implementation of new Consumer Duty rules but “there will be changes needed”, according to Daniel Hurl, head of market analysis and policy, insurance, at the Financial Conduct Authority. from Insurer - insuranceage.co.uk https://ift.tt/btUFg3E

Amazon partners with Ageas, LV and Co-op on home insurance launch

Amazon has moved into the UK home and contents insurance market with the launch of Amazon Insurance Store and promised more is yet to come. from Insurer - insuranceage.co.uk https://ift.tt/W2aLq59

Carey moves from Aviva to Allianz in new mid-market role

Aviva’s David Carey has jumped ship to Allianz Commercial in a newly created mid-market role effective from April 2023, subject to regulatory approval. from Insurer - insuranceage.co.uk https://ift.tt/fq3oB0h

RSA becomes menopause friendly employer

RSA Insurance is now an accredited menopause friendly employer, making the announcement today on World Menopause Day. from Insurer - insuranceage.co.uk https://ift.tt/rb68xpC

Insurers and brokers detail employee help amid cost-of-living crisis

Numerous insurers and brokers have revealed one-off payments and wage increases for staff as the cost of living crisis hits worker's pockets. Insurance Age details some of the financial and other help being provided below. from Insurer - insuranceage.co.uk https://ift.tt/AHic3d8

Zurich to open offices in Bristol and Southampton

Zurich is set to open an office in Bristol this year and aims to open in Southampton next year, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/HMC1qDK

Pen Underwriting Limited revenues in UK rise as it targets £1bn GWP

Pen Underwriting Limited’s turnover in the UK rose by 1% in 2021 as it remained on course for its £1bn gross written premium target, according to year-end accounts filed at Companies House. from Insurer - insuranceage.co.uk https://ift.tt/szTxKyS

MS Amlin Underwriting names Andrew Carrier as CEO

MS Amlin Underwriting has appointed Andrew Carrier as CEO, he is currently chief underwriting officer and will take up the role on 1 January 2023, subject to regulatory approval. from Insurer - insuranceage.co.uk https://ift.tt/mGT867d

Blog: What next for ex-Zurich retail boss Martin?

As revealed by Insurance Age, Zurich head of retail Dave Martin has flown the nest. With the next home yet to be announced Emmanuel Kenning looks at where her might land from Insurer - insuranceage.co.uk https://ift.tt/KnX4H5z

RSA survey reveals underinsurance concern among brokers

Research which was conducted by Censuswide among 207 brokers on behalf of RSA last month, has revealed that 93% of brokers believe underinsurance poses a major threat to UK businesses during economic unrest. from Insurer - insuranceage.co.uk https://ift.tt/maMOLlJ

Lloyd’s finishes cyber threat investigation and starts restoring online systems

Lloyd’s has found “no evidence” its systems were compromised following an investigation into a cyber threat. from Insurer - insuranceage.co.uk https://ift.tt/viEtCkS

Beazley teams up with fintech provider to expand broker schemes

Beazley plans to expand its schemes business with brokers using a fintech platform. from Insurer - insuranceage.co.uk https://ift.tt/WwG7Eqc

News analysis: Post FCA Covid-19 test case how are brokers finding the BI market?

Business interruption was put in the spotlight during Covid-19, as insurers insisted that the pandemic was not covered in policies, Insurance Age looks at how BI has changed since then. from Insurer - insuranceage.co.uk https://ift.tt/6RdFa84

FOI reveals FCA insurance investigations running into thousands of days for firms and individuals

The Financial Conduct Authority closed five investigations into firms and individuals in its insurance portfolio in 2021 with each lasting over 1000 days, a Freedom of Information request by Insurance Age has revealed. from Insurer - insuranceage.co.uk https://ift.tt/X1i0qAz

FCA mixes praise for insurers on BI claims handling with concerns and lessons to be learned

The Financial Conduct Authority has welcomed insurers quickly making interim payments, reallocating resources swiftly and proactively communicating with policyholders in its review of business interruption claims handling. from Insurer - insuranceage.co.uk https://ift.tt/wnpLtSU

Commercial Express rolls out PL excess of loss cover

Commercial Express has launched public and product liability excess of loss cover aimed at SMEs with turnover of less than £15m, and separately revealed a new partnership with Brit. from Insurer - insuranceage.co.uk https://ift.tt/NguFtno

Aviva backs Lemonade in UK launch

US insurtech Lemonade has launched in the UK with a contents insurance offering in partnership with Aviva. from Insurer - insuranceage.co.uk https://ift.tt/e1JYnHh