Commercial Lines – Page 47
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NewsSompo International agrees sale of EAL to ‘withdraw’ from Lloyd’s
The move marks the culmination of the firm’s strategy to divest itself from Lloyd’s and focus on the London market
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NewsTaxi driver pays £12,500 in damages after staged three vehicle crash
The savings associated with preventing the fraudulent claim, including legal costs, amount to £175,000, according to law firm
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NewsSeventeen Group buys Glasgow-based property sector specialist broker
The intermediary organisation plans to ‘build our business in Scotland’, according to chief executive
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NewsMarsh and Ascot Group deliver first placement of marine cargo and war insurance
The facility is now available to clients of Lloyd’s of London registered brokers
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NewsSeventeen Group gains ‘home in Glasgow’ with new broker buy
The acquisition will provide ‘further opportunities for clients and staff who value continuity and quality advice’, says chief executive
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NewsMarsh launches new (re)insurance capacity for hydrogen energy projects
The broker states that adequate insurance provision for greener technologies is lacking
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NewsAviva’s Nick Major and Simon Mobey step down
The staff changes have triggered a c-suite reshuffle
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NewsLloyd’s of London sets cyber policy exclusions for state-backed attacks
Managing agents must show that exclusion clauses have been legally reviewed
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NewsPool Re launches members consultation on suggested transition to treaty model
The reinsurer’s consultation will run until the end of October 2022
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NewsBeazley receives ‘in principle’ approval to establish Lloyd’s Syndicate 5623
The insurer’s Smart Tracker will transition into a ‘full market-facing syndicate’ at the beginning of next year
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NewsJensten Group buys High Wycombe-based broker and its subsidiary
The purchase represents Jensten’s fourth acquisition in a month
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NewsJohnson and Johnson to end all UK Baby Powder sales as ovarian cancer claims escalate
Despite this, the pharmaceutical firm says its talcum Baby Powder ’does not contain asbestos and does not cause cancer’
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NewsBoosted eTrading proposition is key driver of Aviva’s H1 12% commercial lines growth
UKGI chief executive explains that the insurer is ‘really mindful of acting on broker feedback’
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NewsEx-AIG boss McNamee’s C-Quence adds excess D&O to products
By trading digitally, brokers have ’speed accuracy and reliability’ that was not often available previously
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NewsAIG reports strong GI underwriting increase in Q2 2022 results
The insurer deferred an IPO launch for Corebridge Financial but AIG’s chairman and chief exec say it is ’a significant priority’
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NewsAllianz’s eTrading capabilities are ‘on an improving path’ – but still have ‘a long way to go’
Digitalisation in commercial lines is ‘not impossible’, but it is flagging behind digital progress in personal lines ‘for good reason’, says commercial lines boss
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NewsGRP’s Birmingham-based hub appoints new managing director
Incoming managing director describes the business as a ‘high growth, acquisitive and dynamic broker with ambitious future plans’
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NewsNuVenture International launches product recall MGA
New MGA hopes to fill gap in niche market that ‘many of the major carriers don’t have the time and knowledge to commit to’
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NewsAxa prepares for ‘potential claims’ from Ukraine and Russia war through exposed lines
Some of the insurer’s crisis management policies, for example, have been ‘triggered because of the war in Ukraine’, says group chief financial officer
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NewsDirect Line Group sees profits tumble as ‘unique combination’ of factors impact market
The insurer has posted a loss ratio of 65.1% for H1 2022
