Commercial Lines – Page 53
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News
Manifesto 2022: Business interruption insurance needs more clarity – Biba
Biba members have said that a 12-month indemnity period is not long enough
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Insurtech Send Technology Solutions makes US debut via partnership
It is a landmark deal for the insurtech
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WTW hires ex-Lloyd’s chief digital officer to lead commercial lines strategy
The new hire has a background in banking and has served on various fintech boards
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PIB Group makes fifth acquisition in Ireland
Insurance intermediary firm grows ‘arsenal’ in Ireland with latest purchase of retail commercial broker
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Pen Underwriting inks multiyear capacity deal extensions with QBE
The businesses have worked together for the past 20 years
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Cocktail bar chain leads formation of BI action group against RSA and QIC Europe
UK restaurant and bar group’s ‘substantial’ claim highlights how hospitality businesses are having ‘to fight tooth and nail to obtain an indemnity’, says company director
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Insurers must prepare to pay interim material costs for cashflow concerned builders
Insurers ‘can expect a much wider range of project costs than normal’, predicts senior surveyor
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Private equity company finalises Direct Commercial Group investment
DCG’s founder and chief executive will remain the majority shareholder
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Zego reveals European expansion plans targeting fleet insurance sector
Fleet managers could save up to 20% on premiums at renewal using Zego’s behaviour-driven insurance product, the insurtech says
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Cyber outranks Covid-19 and supply chain risk as biggest concern for global businesses – Allianz
However, business interruption remains a ‘key theme’
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Ardonagh Specialty expands cross-class follow capacity solution
The move aims to help the company reach more clients and develop its focus on data generation
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Property law regulator launches consultation on changes to professional indemnity insurance
The consultation will close on 25 February 2022
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Next Insurance scoops former Airbnb finance vice-president as new CFO
The insurtech tripled its GWP last year to $650m
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Archive
Allianz reveals commercial business restructure
Four regional managers have had their roles extended
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News
Pine Walk Capital boosts platform with sixth MGA launch
The new managing agent underlines the platform’s ‘ambitious’ five-year growth agenda’, says chief executive
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Xenia Broking Group buys second trade credit and surety portfolio
Newly hired account manager will play a ‘key role’ in expanding the group’s presence in London, says chief executive
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NFU Mutual lands deal with global risk management platform
The new platform aims to improve the insurer’s efficiency and support rural communities to thrive, says risk management managing director
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Over half of UK SMEs don’t know whether their broker provides best quote to suit their needs
Broker’s research reveals that around two-thirds of SMEs want to renew and manage their commercial insurance policies via a self-service model
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PI premium hikes push independent legal practitioners to seek ‘security and freedom’ – Taylor Rose MW
Experienced solicitors ‘no longer want the responsibilities of compliance and increasing operating costs’, says chief executive
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Superscript partners with digital challenger bank
This is a ’partnership of like-minds’, according to the insurtech’s partnerships director