All News articles – Page 16
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Government needs ‘to do something positive’ to clarify impact of EU Vnuk ruling on UK law
The government needs “to do something positive to make very clear the boundaries of UK law” around the European Vnuk ruling post-Brexit, said Paul Ryman-Tubb, partner at law firm Weightmans.
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John Glen MP: Strong yet flexible regulation causes a ‘conundrum at the heart’ of the industry
Biba 2021: As the industry slowly emerges from the FCA’s regulation storm and the UK government considers the evolving international landscape of regulation, officials will need to conduct “creative work” to make arrangements that will benefit both Britain and the European Union (EU), said John Glen MP, insurance minister and ...
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‘More work to do’ on business interruption cover as lockdown lifts
With businesses opening up again post-lockdown, there is more to be done around business interruption (BI) insurance, said an expert panel at Biba’s resilience-themed conference last week.
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AXA XL names new chief underwriting officer
AXA XL has appointed Anish Jadav as chief underwriting officer (CUO) for retail, property and casualty (P&C), UK and the Lloyd’s market.
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US motor disruptor accepts world’s first bitcoin premium and claims
San Francisco-based disruptor Metromile has become the world’s first insurer to accept payments in bitcoin cryptocurrency.
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Ed Gaze: 2020 a ‘good year’ for Lloyd’s Lab, 2021 to be ‘much of the same’
Despite Lloyd’s Lab moving online due to the Covid-19 pandemic, 2020 has had some “real successes” and 2021 will be “much of the same”.
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AXA Partners and Insurance2go deal bolsters growth plans
AXA Partners has entered a new deal with mobile phone and gadget insurance provider Insurance2go, supporting its growth plans in existing brands and markets.
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Motor market is ‘substantial opportunity’ for Lemonade post-covid – GlobalData
Lemonade has a “substantial opportunity” to capitalise on the motor insurance market post-pandemic, according to data and analytics firm GlobalData.
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Trade association makes written intervention for Lloyd v Google
Law firm RPC, representing techUK, says its client is ’uniquely placed’ to make a written intervention and highlight the consequences for the wider technology community
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Lessons from the Super League fiasco
The backlash against the Super League is a “perfect example” of how to destroy trust and reputation in the blink of an eye - BCI
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Reinsurance Resilience: Private Market Capital
While concerns regarding the selective appetite of private markets for backing catastrophic risk have unfolded in areas with large losses in recent years, the reinsurance market has become well-versed at overcoming major losses and has navigated a number of capital challenges following major disasters, such as the September 11 attacks, ...
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Hybrid working model is a ‘huge opportunity’ post-pandemic – Direct Line Group’s Penny James
Direct Line Group’s chief executive says she is proud of her staff managing the stresses of lockdown while serving customers throughout the pandemic
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Howden sets sail into superyacht market
As the world’s superyacht manufacturers see an increase in orders, broker Howden is to move into the sector the with acquisition of independent superyacht insurance broker Sturge Taylor and Associates (STA Group).
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‘There’s no point looking backwards’ at industry’s BI woes says economic secretary
The economic secretary to the Treasury told online delegates that the insurance industry ‘will play a very significant role’ as the UK emerges from the coronavirus lockdown, but that it has to look to the future rather than mull on past grievances
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Briefing: Insurers facing broker backlash for Covid service
Insurance Times Five Star Rating Report: Commercial Lines is about to be released. This broker survey of insurer service will show some players are performing poorly
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New fault investigated ten years on from Christchurch
A decade on, GNS Science experts have embarked on a research project to determine the earthquake risk of a recently discovered fault in the Waikato
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Government’s plan to reverse EU Vnuk law – risky or ‘positive development’ for insurance?
With the UK government planning to scrap the Vnuk law, what does this mean for the insurance industry’s plans to cover micromobility, such as e-scooters? Insurance Times finds out
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Aviva approves €3.2bn sale of its French business
Aviva’s capital and liquidity has been strengthened with an increase in excess capital of around £2.1bn
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Global all-in-one e-trading platform aims to save brokers time on deal-making
Riskbook has rebranded as Supercede alongside revealing its global e-trading platform which claims to save brokers time on administration when deal-making.