All articles by Katie Scott – Page 59
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GRP moves into healthcare sector with first acquisition since Searchlight investment
GRP takes first steps into new industry sector with first acquisition since private equity investment earlier this month.
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Covid-19 is the ‘watershed moment’ to improve cyber insurance penetration
Swiss Re detailed the recent history of the cyber insurance market during its virtual media day last week, highlighting how the coronavirus crisis has affected the market and how the pandemic could aid the product’s penetration…
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IT Interview
Travel insurers are ‘obviously only dealing with squeaky wheels’ says Aquarium Software
Insurance Times speaks to Aquarium Software director Mark Colonnese about the ‘car crash’ travel insurance sector and how insurtechs can turn the Covid-19 pandemic to their advantage…
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Wimbledon boss confirms the championship will not have pandemic insurance in 2021
The All England Lawn Tennis Club warns that although pandemic insurance has protected the Wimbledon tennis championship this year, finding pandemic insurance for 2021 is likley to be ‘impossible’…
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Tech is designed to take friction from the broker-customer experience
Find out the latest insights from Insurance Times’s most recent broker webinar, which discussed technology trends impacting insurance now and in the future.
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Hospitality action group awarded right to intervene in FCA test case
HIGA, the group action body fighting rejected BI claims from insurers Aviva and QBE, has been granted permission to intervene in the FCA’s test case.
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Insurers submit defences for FCA test case ahead of July hearing
Insurance Times dips into the defence documents of the eight insurers facing the FCA’s court hearing…
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Marsh launches sports, entertainment and media group for UK and Ireland
Broker Marsh has set up a new sports, entertainment and media (SEM) industry group in the UK and Ireland, complete with an impressive leadership team.
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Sam White explores cashing out programmes in response to Covid-19 and Brexit
The chief executive says this option helps deliver choice to consumers
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Brokers have ‘big opportunity’ to win accessibility game against direct insurers
A lack of direct insurer communications provides an opening for brokers to be able to help policyholders amid the Covid-19 pandemic; an Insurance Times webinar discusses the topic…
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IT Interview
Q&A: Working from home and financial hardship creates ‘perfect storm’ for fraudulent claims says Horwich Farrelly
Insurance Times quizzes David Scott, counter fraud partner and head of innovation at Horwich Farrelly, about the fraud issues arising from the Covid-19 pandemic and what insurers and claims handlers can do to mitigate the fallout…
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Hiscox Action Group seeks to intervene in FCA’s test case on BI policy wordings
The Hiscox Action Group has instructed its lawyers to intervene with the FCA’s BI case test, as insurer Hiscox refuses to move forward on any other legal action until the conclusion of the FCA’s hearing.
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Markerstudy confirms that board directors have taken a 50% pay cut
Markerstudy announces its latest step to stay afloat while battling the financial fallout of the Covid-19 pandemic.
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IT Interview
Traditional insurance does not have ’much shelf life left’, says Pukka’s Sam White
Industry multi-tasker Sam White on why brokers have an ‘important role’ to play in insurance
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Primary Group buys majority stake in Leeds-based MGA
Investment holding company Personal Group has re-purchased personal lines MGA UK General Insurance Group after originally selling the business to J C Flowers in 2017.
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Former RSA Ireland chief financial officer disqualified and fined €70,000 for under-reserving breach
The regulator’s investigation found that the senior leader had been involved in the insurer understating its claim reserve estimates by €29m
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Probitas 1492 gains Lloyd’s ‘in principle’ approval to establish managing agency
The new firm will assume the management of Syndicate 1492 from Capita Managing Agency Limited
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White confirms Pukka to hand in Gibraltar licence at end of July
The move was designed to ‘rationalise the cost base’ of the business
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PIB Group’s McManus says the home working ‘experiment is working’
The broker’s chief executive told Insurance Times that the nationwide move to working from home in accordance with Covid-19 social distancing measures has ‘completely changed our attitude’
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Home insurance market set to contract by 1.4% as a result of Covid-19
Data and analytics firm predicts that gross written premiums within the UK home insurance market will drop to £5,935 in four years’ time