Commercial Lines – Page 46
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NewsRevolut hit by ‘highly targeted’ cyber attack
Revolut has become the latest firm to be hit by cyber attack, after an employee was targeted with phishing
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NewsLloyd’s syndicates returned to profit in 2021 – Insurance DataLab
Controlling claims costs and operating expenses will soon become a “key battleground” for the market, says co-founder
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NewsHoliday Inn hotel chain hit by cyber attack
Hotel chains are often targets for cyberattacks due to the data they hold, says Coalition’s head of insurance
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NewsLloyd’s commercial lines customer experience is like a ‘pig going through a python’
Speaking at CFC’s UK Summit last week, Lloyd’s chairman explains the importance of meeting customer needs digitally
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NewsSmaller businesses becoming bigger targets for cyber criminals as claims rise – Coalition
The cyber insurer’s head of claims says small businesses ’often lack resources’
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NewsLondon market has ‘real opportunity’ to be ‘an innovator’ for climate change transition risks
Brokers, insurers, regulators and markets all have a role to play in supporting the transition to net zero carbon emissions
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NewsAnansi partners with insurer to offer embedded goods-in-transit insurance package
The collaboration aims to address current market pains resulting from an ‘antiquated’ method
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NewsLloyd’s improves ‘underlying performance’ – AM Best
Lloyd’s turned a corner in 2021, according to senior director.
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NewsLloyd’s of London’s reserving for Ukraine crisis is a 'sensible reserve position’
Lloyd’s had arrived at its reserving figure for Ukraine-related claims via a ’probability weighted exposure reserving method’, says chief financial officer
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NewsClimate change discussion is ‘more urgent than ever before’ to gain independence from Russia
Reinsurer cites dual motivations as to why climate change and the transition to net zero carbon emissions needs to be pushed up global agendas
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NewsRussia’s sovereign internet could see cyber insurance implications – CyberCube
A sovereign Russian internet could lead to cybercriminal safe havens which could see implications for cyber insurance according to the latest report from CyberCube published today (12 September 2022).
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NewsNot all cloud downtime losses covered by cyber errors and omissions insurance – Parametrix
The limited coverage is characterised by low coverage limits, long waiting periods, narrow coverage triggers, significant deductibles and long claims processes
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NewsSpecialist Risk Group completes motor trade broker buy
The intermediary plans to help its new purchase ‘fulfil the next stage of their growth plans’
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NewsFleets see 30% fewer claims by adopting telematics – Zego
As the cost of living crisis continues to squeeze finances, fleets can benefit from cost savings while meeting customer demand by leveraging telematics technology
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NewsSchools want more crime and risk guidance from brokers – Ecclesiastical
The results of the insurer’s survey highlight an opportunity for brokers to engage with education clients
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NewsIUA tackles high-rise fire safety risks with new model insurance clause
The representative body hopes that its new clause will provide underwriters with ‘greater confidence to offer effective insurance solutions’ to firms that are working to remove dangerous cladding from high-rise buildings
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NewsD&O insurance pricing down – Aon
Despite branding market conditions for the line as moderate, the broker noted that pricing fell, capacity was abundant and underwriting was more flexible
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NewsUK local councils hit by 2.3 million cyber attacks so far in 2022 – Gallagher
Only 23% of councils currently hold a cyber-insurance policy despite a rise in cyber attacks
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NewsDemand for trade credit cover will increase even as appetite reduces – Aon
Supply chain issues, inflationary pressures and geopolitical uncertainty contributed to the market’s challenges in Q2 2022
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NewsZego inks deal with QBE to expand telematics-based fleet insurance offering
The pair share a passion for innovation around risk, says insurtech’s chief executive
