All articles by Isobel Rafferty – Page 38
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Manifesto 2022: Biba pushes for transparency and accountability at the FCA
The introduction of the new objective is designed to allow the insurance industry to ‘grow and prosper’, says economic secretary
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Aegis London promotes internally for new chief underwriting officer
The appointment is ‘well placed’ to boost the business’ data led strategic agenda, says incoming chief executive
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Motor injury claims reported to government body plummet in 2021 – ACSO
Despite the FCA introducing new pricing rules to protect consumers, the insurance industry reaping £3.3bn in profits is the ‘beneficiary’ from in the drop off in motor claims, says executive director
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Bishopsgate snaps up division managing director from Lloyd’s broker competitor
The appointment links to the ‘wider Ardonagh Specialty strategy and international growth plans’, says chief executive
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FCA’s GI pricing reform wreaks havoc for consumers seeking cheaper premiums – GlobalData
The ‘largest threat to insurers’ following the pricing rule change ’is likely to be from pay-per-mile motor insurers’, says insurance analyst
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Aon bolsters UK leadership team with new COO
Both of the new appointments are ‘highly respected, recognised leaders and will enhance our organisation’s operations’, says chief operating officer
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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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Lloyd’s looks to relocate after more than three decades in current home
The marketplace will reveal its workforce plans this year
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Brokers must be at the forefront of the fight against climate change – LIIBA
‘Fundamental change in culture at the FCA’ will also be vital to improve the competitiveness of the UK insurance market, says chief executive
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IT Interview
Howden Group aims to be new insurance industry ‘challenger’
The broking group plans to develop a ’lead position’ across continental Europe after now cementing its status as ’the new powerhouse in the UK market’, says chief executive
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Tesco Bank confirms executive team following interim appointments
Two senior leaders are also leaving the business
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IT Interview
‘We haven’t got this cookie cutter way’ when it comes to M&A – NFP
Rather than implementing a plug and play model following acquisitions, NFP aims to give new business buys accountability and responsibility, says UK and Ireland chief executive
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Marsh’s vice-chairman set to retire this March
The broker’s vice-chairman ‘played a key role in successfully integrating’ Marsh and JLT, said group president and chief operating officer
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Steve Symes steps down from the helm at Genasys
Symes’ replacement sees ‘boundless’ opportunities for the business to grow
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Car insurance costs increase for first time since autumn 2020
Pricing trend data could help insurers navigate the motor market post-FCA pricing reform, said price comparison site chief executive
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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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Business school launches new research consortium to better prepare for next systemic risk
The insurance industry’s ’policies, preparedness and financial responses require a significant overhaul’ to ’better equip and protect society from the next major systemic risk’, says Pool Re chief executive
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Finance veteran Lord Paul Myners dies aged 73
The former director of Lloyd’s of London ‘passed away peacefully’ at a hospital in London yesterday
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XS Direct no longer accepting new business
Ceasing renewals business will follow on 1 March 2022