Commercial Lines articles – Page 70
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NewsRSA pays over £80m for UK Covid claims to date
The insurer’s chief executive for UK and international admits that ‘perfect information’ is not needed ‘to make part payments’
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NewsCFC’s new transaction liability product presents ‘significant opportunity’ for brokers
With more than 50,000 SME transactions in the UK alone, there is a significant opportunity for brokers in this market, according to CFC’s head of transaction liability
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NewsRSA outlines product growth ambitions following Intact/Tryg takeover
The insurer wants to be ‘a more dominant force’ within the SME market, according to its UK and international chief executive
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NewsAon using IoT to cover Covid-19 vaccine supply chain is ‘game changer’ says GlobalData
The insurer can establish trigger points, leading to faster claims settlements
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NewsSimply Business partners with RSA to launch SME shop insurance
Supporting small businesses will be ‘crucial’ in the industry’s ‘collective recovery’
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NewsGRP-owned Crotty Insurance buys commercial insurance broker
The deal will help Crotty ‘generate momentum in the Irish broking market’ says GRP
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News‘Futuristic’ CFC syndicate will have ‘key role’ in Lloyd’s market
Lloyd’s boss John Neal deems CFC a ’frontrunner in cyber products’
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IT InterviewJohn Read: Hard market is brokers’ ‘saviour’ for preserving earnings
With the hard market ‘still here with a vengeance’, brokers face ‘additional difficulties’ in explaining the impact on premiums to clients
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News Analysis'Unified action' needed to address challenges in professional indemnity insurance
An expert panel at Biba’s annual conference last month debates the ongoing challenges in professional indemnity insurance and what changes should be made
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NewsPerception that extortion cover fuels cyber crime is ‘misguided’ – CFC Underwriting
The firm’s cyber development leader believes ‘the last option we want is to remove extortion coverage’, but that applying sub-limits could be a viable route forward
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NewsEuler Hermes appoints UK and Ireland chief executive
The internal candidate will be the first woman to lead this part of the business
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FeaturesFraudsters unafraid to ‘exploit hard times’ for insurance scams
Insurance industry needs more time to understand the ‘ripple effects’ of recession-induced fraud
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FeaturesBriefing: Brokers’ purse strings threatened by PI cover costs
The FCA’s test case has contributed to broker PI being ‘in a very, very difficult position’ says network MD, as Covid exclusions also cause costs to escalate
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NewsCPP Group UK inks three-year cyber contract with Partners&
The SME market is a key growth area for cyber, but existing products are ’unnecessarily complex and unsuitable’
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NewsFormer AXA XL duo to launch speciality insurance cell
The new Guernsey-based business aims to ‘take advantage of current market conditions’
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NewsGuidewire backs draft Online Safety Bill extension to include financial scams
Guidewire’s chief innovation officer says that cumulatively, financial scams risk the reputation of the industry
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News AnalysisSoaring professional indemnity insurance pricing and low trust creates ‘perfect storm’
An expert panel at Biba’s conference last month discusses the current state of the professional indemnity insurance market
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NewsAviva sued for alleged loss of income after Covid office closure
The law firm claims that Aviva owes them money for loss of income due to the Covid-19 pandemic
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NewsHowden launches ESG-focused insurer
The new business, which plans to begin underwriting from 1 January 2022, indicates ‘a step towards facilitating long-term industry change’ around resilience
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NewsDrone broker gears up for international growth after securing £1m funding
The company will continue to develop its products for new drone applications
