All articles by Katie Scott – Page 19
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NewsThe Clear Group denies rumours it is up for sale
Chief executive notes that the broker is ‘approached all the time by parties keen to invest in The Clear Group, but this does not mean that we are for sale’
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NewsFCA is ‘an impediment to the effective working of the market’
Biba’s chairman noted that the FCA appears to be implementing ‘regulation for the sake of regulation’, which is ‘affecting competition, productivity and innovation’ within the broking community
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NewsFCA staff to vote on strike action in response to bonus cuts
Trade union alleges that FCA staff outside of London are due to be put on lower pay scales and that abolishing employee bonuses across the workforce will lead to pay cuts of up to 12%
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NewsManifesto 2022: Biba urges UK government to slash IPT to 10% in next Budget
The trade body further believes that IPT relief should be offered for cladding-linked property insurance, telematics-based motor policies and cyber cover
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NewsBiba launches ‘biggest’ manifesto for 2022
The 84-page document, themed around managing risk, contains 52 calls for action from the broker trade body across six detailed chapters
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NewsPIB Group makes fifth acquisition in Ireland
Insurance intermediary firm grows ‘arsenal’ in Ireland with latest purchase of retail commercial broker
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NewsThe Clear Group buys Ashford-based broker in first deal of 2022
The transaction marks the broking group’s 32nd M&A deal since 2001
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NewsCocktail 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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AnalysisBriefing: Brokers continue to face ‘absolutely dreadful’ insurer service
Feedback from brokers still flags insurer service as being ‘on its knees’ due to difficulties with homeworking – will the lifting of work from home guidance this week see brokers benefit from improved service?
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AnalysisBGLI and Markerstudy to ‘end up with much more than the sum of the parts’ following acquisition
Both businesses plan to cash in on the ‘real opportunities’ they believe arise from this ‘perfect strategic’ acquisition, including boosting pet insurance distribution
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AnalysisBriefing: One year since Supreme Court’s BI judgment, yet outstanding questions remain
Law firm reveals litigation around BI claims is still on the table for this year, especially as the FOS appears to be siding with insurers in the majority of BI-linked cases since last January
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NewsFCA shuts down Tifgroup’s claims handling and insurance distribution services for previous partners
The regulator specifies that ‘Tif must not carry on any insurance distribution activities in relation to any new policies for any customer resident in the UK’ with regards to the firm’s past insurer partnerships
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IT InterviewEndsleigh Insurance focuses revitalised four-year strategy on three customer niches
The broker’s chief executive says the refreshed business strategy enables the firm to go ‘deep and wide’ in particular market segments and ‘grow back into its shoes’
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NewsOver 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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IT InterviewProperty claims inflation and digital support tools will continue to impact claims sector in 2022
Tackling property resilience following flooding presents ‘a lot of opportunity’ for insurance industry this year, while digital tools target ‘hyper-convenience’, notes Zurich’s UK chief claims officer
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NewsEndsleigh Insurance still ‘brings something to the party’ following Howden’s acquisition of A-Plan
Chief executive believes broker consolidation is ‘a huge customer benefit’ because it ‘gives one-stop-shops to customers’
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NewsD&O rates in the UK ‘are not out of the woods yet’ – Gallagher
Despite supply challenges surrounding D&O insurance, increased awareness of ESG factors could encourage more entrants to this market, reports broker
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NewsEndsleigh Insurance set to partner with insurtech to launch parametric travel cover for students
Chief executive has further plans to offer parametric event cancellation policies to charities too
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IT InterviewDavid Nichols: Motor claims trends to watch in 2022
Insurance Times catches up with Zurich’s UK chief claims officer to find out what motor claims trends should be on the industry’s radar this year
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NewsOptio Group buys warranty and indemnity MGA
The MGA says its latest purchase confirms financial lines as ‘a core underwriting pillar’ for the business
