All articles by Katie Scott – Page 20
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AnalysisBriefing: Brokers call for clearer communications from ‘faceless’ FCA
Feedback from Insurance Times’ Broker CEO Forum shows a disconnect between the regulator and the broking sector, with many believing communications from the FCA around its pricing reform fall short
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NewsHiscox appoints interim chief financial officer ahead of Hussain’s promotion to chief exec
The internal candidate plans to bring her ‘financial expertise and knowledge of the business’ to the role
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NewsArdonagh improves adjusted ebitda by 44.5% in first nine months of 2021
The broker has also spent £125m on acquisitions so far this year
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IT InterviewIncoming Hiscox chief exec plans to build on broker relationships and boost digitisation
The current CFO says no ’radical changes’ are on the agenda for 2022, but digitisation will impact how the insurer executes its overarching strategy next year
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IT InterviewHiscox paying up to 800 BI claims a month despite policyholder information struggle
Outgoing chief executive confirms that the insurer has accepted around 10,000 business interruption claims linked to the Covid-19 pandemic
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AnalysisBriefing: MGA consolidation on the cards, but won’t have the pace of broker mergers
Broker CEO Forum attendees believe broker-owned MGAs are a ‘smart’ move, yet will innovative MGAs still be in demand when the hard market wanes?
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AnalysisBroker CEO Forum: ‘Unique hard market’ shows ‘fun and games’ in commercial lines
Although commercial rates are starting to ease, areas that are particularly affected by claims – such as cyber – could still see ‘strong increases’, noted delegates
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IT InterviewCharles Manchester: Mum ‘can’t ask for a much bigger, better parent than Gallagher’
MGA chiefs plan to capitalise on ‘period of commonsense underwriting’ to expand their firms’ distribution, using ‘the resources of the Gallagher group to support us’
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NewsArag appoints broker business manager
The new hire has more than 30 years of industry experience
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NewsDirect Line Group reports £857.1m GWP for 2021’s Q3
Chief executive says the insurer has made ‘strong progress’ so far this year and is ‘on track’ to meet the FCA’s upcoming pricing reform deadline
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NewsGRP-owned Premier Choice Healthcare buys Bournemouth-based business
The broker plans to apply ‘the acquisition success’ it has achieved in the UK retail commercial broking market to the PMI sector
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NewsInsurance Task Force launches framework to improve disaster resilience
Lloyd’s chair says ‘the global insurance industry has a crucial role to play in addressing the needs of developing countries’
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NewsPIB Group extends Irish footprint with retail broker buy
The deal marks the broker’s 11th acquisition in 2021 and its third purchase in Ireland as the firm continues its international expansion strategy
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NewsTrade bodies band together to create standardised product governance assessment form
Without cross-market guidance, the new rules had the potential to ‘snowball into an unmanageable administrative burden’ for insurance market participants, says LMA head of regulatory affairs
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AnalysisOpinion: Competition concerns thwart Top 50 Brokers switch up
Editor Katie Scott reviews some of the predictions around this year’s Top 50 Brokers report, also considering the acquisition that could change the lay of the land next year
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NewsFilm and TV production Covid support scheme extended following broker support
Tysers director described the move as ‘fantastic news’ because the scheme ‘was the only way to get projects back into production and the industry back on its feet’
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NewsFlood Re chief exec urges focus on ‘Build Back Better scheme’ as ‘resilience is not being prioritised’
Homes need to be built ‘in the right place and in the right way’ to help make them ‘more resilient to rising temperatures and an increased risk of flooding’
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NewsForum of Insurance Lawyers elects new president from BLM Law
Key agenda items for the membership organisation in the next year includes climate change, diversity and inclusion and business transition post-pandemic
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NewsBeazley reports GWP improvement of 29% for 2021’s Q3
Chief executive believes the insurer is in a ‘great position to capitalise’ on the ‘the opportunity in the cyber market’
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NewsAxa’s P&C total revenue grows 5% in first nine months of 2021
The insurer’s quarter three financial update reveals commercial lines revenue growth of 7% in the nine months to 30 September 2021
