Commercial Lines articles – Page 73
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NewsCyber insurance cost has more than doubled year-on-year – Howden
Pricing for cyber insurance is approaching the ‘limits of economic viability for some’, says executive director
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NewsSabre’s GWP up by 30% despite inflationary pressures
The motor insurance underwriter is confident that its disciplined underwriting strategy will consolidate its core strengths and allow for sustainable growth
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IT InterviewToby Clegg: Clegg Gifford to tap into ‘distribution heft’ of new parent Markerstudy
The chief executive is also looking to achieve four ‘ambitious milestones’ in 2022, including growing the broker’s retail branch network
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NewsGovernment launches £40m self-driving commercial vehicle competition
88% of road collisions caused by human error, according to the transport minister
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Analysis‘Significant spike’ in tool theft claims poses fraud risk
With ‘the value of these individual claims getting higher’, insurance fraud experts must be alive to cost of living linked inflated claims from end customers and tradespeople
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NewsGove welcomes FCA findings on buildings insurance market
The secretary of state is also ‘keen to review’ the insurance industry’s role in contributing to ‘high premiums’ for leaseholders
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IT InterviewYonatan Hatzor: The parametric MGA focused ‘on a big problem and not a solution’
Fresh from success at Lloyd’s Lab, the MGA has ambitions to provide ‘a more holistic solution to cover any type of downtime’, says chief executive
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NewsTop Premier League clubs to pursue BI claim against major insurers
A ruling in this case could represent a ‘new test case’ for business interruption claims
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NewsRegulation becoming ‘almost inevitable’ as cyber threats increase
The cyber threat environment is ’incredibly volatile’, adds chief executive
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IT InterviewCorinne Pringle: QBE wants to ‘push the boundaries of eTrade’
The insurer is focused on ‘increasing the appetite of our products so that brokers can really trade from the micro to the larger SMEs on the same platforms’
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NewsPIB buys Spanish specialist broker
The purchase represents a continuation of the firm’s strategy to turn towards European M&A
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NewsSpecialist insurer launches bespoke scheme for sports sector via new partnership
The partnership will provide flexibility to cover sector-specific risks, says director
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NewsUK’s retail and industrial sectors face biggest flooding risk – FloodFlash
FloodFlash’s chief science officer says that floods in Northwich and London are ’a pertinent reminder of the ongoing threat from extreme weather’
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NewsPrevisico and UK-based MGA ink partnership to boost flood resilience
The latest partnership aims to support SMEs to better protect their business using flood resilience measures
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NewsDirect Line estimates extreme weather claims to reach £40m
The insurer says these potential claims are within its budget for the year
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AnalysisESG concerns look set to grow
’ESG reputation could become as important as product, service and price,’ says Allianz Commercial’s chief underwriting officer
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NewsDirect Line’s premiums slide by 2.4% during Q1 2022
The group put the hit to GWP down to the FCA’s pricing reform, but trading was ’broadly in line’ with its expectations
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NewsLloyd’s of London faces legal battle after Putin ‘swipes’ 500 planes
In March, the Treasury banned UK insurers and reinsurers from serving Russian firms
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NewsZurich UK enhances new small fleet policy for electric vehicles
The policy will now include a like-for-like EV replacement when customers use one of its improved repair networks
