Financial – Page 7
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NewsBrokers face more work as insurers become ‘pickier or choosier’ about risks
’There is a lot of friction and pressure [within] the current trading environment with clients,’ says chief executive
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IT InterviewInsurance Times Advent Calendar: Steve Gibson
For the 19th day of advent, Steve Gibson, managing director of Avid Insurance, explains why the MGA space is an ‘exciting environment’
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NewsBroadway Insurance Brokers ‘exceeds ambitions’ as corporate and private assets soar
’We are confident that we can take more significant steps during 2024,’ says chief executive
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News AnalysisMGA learnings for 2023 and missions for beyond
Three MGAs discuss broker relationships, HNW exits and a ‘steep learning curve’ in the professional indemnity market
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NewsS&P upgrades Lloyd’s financial strength rating
’This latest upgrade reinforces Lloyd’s financial strength and resilience,’ says chief financial officer
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NewsMotor premium spike drives motorists to travel uninsured
‘Not only are uninsured motorists risking fines and the loss of their vehicles, but they will be unable to turn to an insurer for help in the event of an accident with another party,’ says chief executive
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NewsBackchat: Donna Scully dance off with Alex Horne at IT Awards raises significant sum
The director of Carpenters Group has been doing this fundraising as ’there is nothing in Birkhead over the weekend for people struggling’
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News AnalysisTechTalk: Reinsurance rate hikes hit insurtechs – but opportunities await
As reinsurance rates climb and more of the same predicted for 2024, it is becoming trickier for insurtechs to survive in the hard market, but with every negative comes a positive
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NewsHigh Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories of this week
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News AnalysisWhy Aviva, Arch and Ageas were named insurers of the year
After being crowned as market-leading insurers at this year’s Insurance Times Awards, Insurance DataLab explores the figures behind the trio’s successes in 2023
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NewsRSA completes personal lines exit with sale of UK operations to Admiral
The deal represents the conclusion of a strategic exit from the UK personal lines market
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NewsGrowing political pressure on insurers could see premium increases limited
’Price adjustments and rate increases will lead to fierce competition as customers look for cheaper cover or cancel,’ highlighted Sollers Consulting
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News AnalysisDave Martin: Discipline will continue as Aviva seeks to drive service and product development
Aviva’s managing director for UK general insurance distribution and SME reflects on financial performance and what it is targeting in the new year
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NewsEcclesiastical continues schemes expansion with new broker deal
’We want to build on our schemes proposition,’ says schemes and facilities director
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NewsMore SMEs turn to credit to pay for cover as premiums rise
‘It is worrying that firms are cutting back on cover by either cancelling policies or increasing excesses,’ says chief sales officer
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NewsMotor insurance payouts reach record high in Q3 2023
’These figures highlight how motor insurers deliver when motorists need them the most,’ says director of general insurance policy
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NewsPrestige and Tesco Bank partner for non-standard home offering
’We want to help customers find the cover they need,’ says insurance director
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NewsMarkel’s State National entering UK in 2024 to provide capacity to MGAs
’The UK MGA market is underserved and we’re intent on building a leading programme services division in the UK,’ says chief executive
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News AnalysisBriefing: Is the motor market ready to turn a corner?
The motor sector’s COR has deteriorated due to headwinds such a rampant claims inflation, but could inflation be about to ease?
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NewsEx-Liverpool defender Carragher praises Ardonagh Retail boss
’He is passionate about helping young people get on in life,’ says former player
