All articles by Isobel Rafferty – Page 42
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Beazley receives in principle approval to establish ESG-centric syndicate
The syndicate will offer additional capacity to businesses performing well against ESG metrics
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Allianz Insurance launches sustainable procurement charter
Working to combat climate change, the initiative will ‘help develop a shared mindset’ between the insurer and its supplier partners
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Telematics provides one in four of the cheapest motor insurance quotes – Consumer Intelligence
Despite keeping ‘prices affordable’, there is a ‘huge difference’ between costs for certain age groups, says pricing expert
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BrokerFest 2021: Parametric insurance provides efficiency and business resiliency – FloodFlash
The ‘most exciting’ development in parametric insurance is its use in non-damage business interruption, says broker success manager
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Canopius Group appoints chief operating officer from WTW
The new hire is ‘hugely experienced across the gamut of global (re)insurance’, says deputy chief executive
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Sabre suffers drop in GWP due to Covid-19 and FCA pricing reform
Profit before tax for 2021 is expected to be below the range of analysts’ forecasts
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IT Interview
Ian McCarron: Broker was ‘scared’ yet pandemic provides ‘more positives than negatives’
Despite its annual premium eroding by 65% during the Covid-19-related lockdowns, the business is now ‘on track’ to achieve 30% ahead of budget
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Insurance Task Force reveals new Sustainable Products and Services Showcase
Task force members have developed a set of proposals to put before governments and regulators, aiming to combat climate change
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Car insurance premiums see biggest annual drop since 2014 - Willis Towers Watson
However, prices could creep up again due to ’the easing of lockdown rules, UK summer staycations and other changed driving patterns’, says Willis Towers Watson consulting lead
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Credit hire company pays defendant’s costs in fundamentally dishonest PI case
The judge found this type of dispute to be ‘a convenient camel for hire companies to ride across the plains’
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IT Interview
Partnering with startup insurtechs means ‘judging it on value’ and not a book by its cover – Covéa Insurance
Cloud-based microservices technology, compared to traditional monolithic systems, offers flexibility, says chief technology and information officer
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Brighton Pier Group receives £5m following Covid-linked business interruption claim
The claim relates to losses incurred to the end of June 2021
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DAS UK Group top boss Andrew Burke steps down
The new appointment, for whom Burke has ‘enormous respect’, was promoted internally
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Coal Action Network organises climate memorial targeting Lloyd’s
Network spokesperson says ’it is time the insurance industry turns off the money pipeline for coal and dirty fossil fuels’
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Neo-insurer Getsafe secures multimillion pound cash injection
The money will help expand the business, to reach more millennial buyers and fund its own insurance licence
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Fraudulent claims dropped 10% in 2020 – ABI
The trade body’s figures also reveal a record-breaking claims value in oversea travel scams
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Arrow Risk Management launches new MGA underwriting platform
Two members of its management team come from Barbican Insurance Group
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Global Risk Partners completes Willis Towers Watson Northern Ireland deal
The newly created business is ‘robust evidence’ of a successful M&A strategy, says group chief exec
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Lloyd’s broker launches two new music and live events schemes
The insurance solutions will support freelancers and those working in the festival industry
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Direct Line Group appoints chief information officer from Virgin Atlantic
The hire will join the executive committee and play a ‘lead role’ in the company’s future, says top boss