All articles by Katie Scott – Page 49
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PIB Group earmarks further European expansion with Polish acquisition
This is the business’s third purchase within Europe
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LiP portal to undergo third stage of testing in new year
The Motor Insurers’ Bureau confirms that the online service is ‘85% ready’
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Acquisition deal for Hastings completed
The business will be a subsidiary of financial firm Sampo Oyl
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A quarter of insurance staff want more tech training to cope with ‘new normal’ - KPMG
More than a third of insurance professionals have received training around mental health, as 28% view this as a key theme within their job roles now
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Clarifying causation will be crux of Supreme Court ruling – Fenchurch Law
However, Supreme Court judges also suggest a public policy stance around pre-trigger losses
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Over half of insurance staff want to remain home working post pandemic - KPMG
Financial services employees under the age of 30 are the most keen to continue working from home on a permanent basis
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‘The biggest risk for insurers is reputation’ says Aviva’s Blanc
The insurer boss adds that the industry’s reputational damage arising from the business interruption test case has left her feeling ‘very sad’ and that the industry needs to ‘not shoot ourselves in the foot as much as we do’
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FOIL elects new president
The member organisation has also appointed a new vice president, who will support the president in navigating sector-wide challenges such as climate change, social inflation and Covid-19
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Ardonagh grows adjusted EBITDA by 14.4% in first nine months of 2020
Group chief executive adds that the broker has a ‘strong trajectory into the final quarter of 2020’
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Electric vehicle prices main barrier to PM’s green ambitions, says LV=
Insurer LV= advocates the use of ‘fiscal incentives’ to encourage drivers to switch to electric vehicles
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IT Interview
Zurich targets regional brokers to achieve business growth
An 18-month transformation strategy has seen a lot of change at insurer Zurich – Insurance Times looks under the bonnet with the firm’s UK head of retail
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Brokers to blame for lack of pandemic focus in FTSE 100 boardrooms – Mactavish
The firm’s chief executive believes organisations have been ‘wasting their money’ on broker advice if pandemic risks have not been mentioned
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Xenia Broking Group makes hat-trick of board appointments
The company’s chief executive describes the new board additions as a ‘formative step’ for the broking business
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Ardonagh revamps Specialty business with new leadership team
This includes internal promotions at brokers Price Forbes and Bishopsgate Insurance Brokers
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RSA underwrites expanded commercial offering from Superscript
The products are designed for small businesses, such as independent artisans and crafters
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GRP appoints chief data and analytics officer in newly created role
The position will support the development of the firm’s data infrastructure
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‘Insurance markets are holding up extremely well’ in the face of Covid-19 – Swiss Re
Despite causing ‘the worst recession of our lifetime’, reinsurance economist says the insurance sector should expect ‘a strong V-shaped recovery for 2021’
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Intact says it has financing for RSA bid
The Canadian business issued a statement in London today with the details, adding that it has ‘all of the equity financing’ it needs
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Struck out BI claim proves there is no ‘public policy move’ following test case
Barrister says that not all business interruption claim cases will follow the trajectory of the FCA’s test case and that not all clauses will be interpreted in favour of the policyholder
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Secondary psychiatric injuries add ‘significant sums’ to PI claims costs – Kennedys
Insurers may have to stump up higher claim payouts for individuals who develop a gaming disorder or an opioid addiction as a result of a physical injury