Insurer News – Page 39
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News
Most vulnerable customers see no service improvement since Consumer Duty
’It’s particularly concerning that vulnerable customers have not seen an improvement,’ says chief executive
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Altus opens London headquarters as it looks to grow insurance arm
’Having recruited significantly in London over the last two years we have outgrown our previous offices,’ says chief executive
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Allianz updates wordings and limits of motor trade products
’These changes demonstrate our commitment to providing tailored and relevant protection,’ says head
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Ghost broker who pocketed over £17k in Instagram insurance scam caught
’Ghost broking is widespread across social media and more people must know the signs,’ says intelligence and investigations manager
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New sustainability data standard launched
The standard aims to ‘soothe’ a ‘growing pain point’ between underwriters, insurers and insureds
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City offices of major insurers attacked in protest
Chubb, Tokio Marine, Markel, Lloyd’s of London and QBE were all targeted
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Webinar
Watch: Navigating Excellence – A deep dive into the 2024 eTrading Report results
In the discussion, the expert panel joined deputy editor Yiannis Kotoulas to examine what makes for excellent eTrading performance – what works best, how to create eTrading excellence, the things brokers are looking for and more.
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Allianz launches new motor proposition for personal lines market
’We’ve developed this with our customers in mind,’ says managing director
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Significant losses estimated after mass IT outage
’This scale of loss could make the event the largest single insured loss event in the history of the affirmative cyber insurance industry over the past 20 years,’ says firm
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Family run broker secures increased investment
The broker is aiming to achieve the £25m GWP mark by 2028 following the deal
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Blueprint Two’s ‘continual slippage’ in delivery raises market concerns
’The delayed progress is down to an underestimation of the scale of the project by market participants themselves,’ says chief executive
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UK insurer tops global cyber GWP rankings
’The trend towards fragmentation is likely to continue in 2024 as cyber business expands more rapidly outside of the US,’ says market analysis firm
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Ghost broking activity continues to rise – IFB
Ghost brokers can ’leave victims seriously out of pocket’ and put policyholders ’into trouble with the police for driving without insurance,’ says director
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Class action lawsuit launched over ‘national scandal’ of hidden insurance commissions for leasehold buildings
’The plight of leaseholders and their unconscionable and unlawful treatment by some freeholders is nothing short of a national scandal,’ says leading solicitor
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One of England’s oldest cricket clubs bans sixes over insurance claim fears
’We don’t want to have to pay costly insurance or have any legal claims against us,’ says treasurer
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Caledon Group acquires specialist broker
The transaction will see the broker move forward with a new executive team
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Markel inks deal as it looks to strengthen underwriting processes
’Technology transformation is at the forefront of our strategic ambitions at Markel,’ says international chief operations officer
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Aspen appoints new chief data and analytics officer
’He has the skills, experience and vision to take our architecture, data and AI capabilities to the next level,’ says chief operating officer
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Specialist MGA secures new capacity deal
Underwriting director hopes the deal will help address the ’demand and complexity of waste and recycling service providers’
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Ageas reveals new crash for cash scheme
’Our fraud intelligence team has seen a significant rise in this crash for cash scam,’ says director