People Moves: 22 – 26 July 2024
Keep up to date with the latest insurance personnel moves.
Cyber outage insured losses estimated at up to $1.5bn
CyberCube has estimated preliminary global insured losses for the standalone cyber insurance market from the CrowdStrike IT outage last week at between $400m (£310m) and $1.5bn (£1.16bn).
Charles Manchester: Reflections on a career in insurance
Charles Manchester shares his reflections on the challenges and achievements during his time in the market as well as the outlook for MGAs and opportunities for the sector.
The Broker Investment Group ups stake in Glowsure to 49%
The Broker Investment Group has increased its stake in Droxford-based Glowsure Insurance Brokers to 49%, having first invested in 2017.
Insight
The stats: Q1 2024 - Commercial combined slows to near halt
The year has started with almost no average premium growth in commercial combined while fleet and property owners have powered ahead, according to the latest statistics from Acturis.
Meet the MGA: Kova Professions
Having worked in both the insurer and MGA sectors, as well as the FCA, Kate Albert has a well-rounded view of the market. The Kova Professions CEO and founder explains to Jonathan Swift why service has become a point of difference in setting apart her start-up from more established rivals.
Are new regional insurer offices the silver bullet to improve broker service?
The insurer retrenchment from the regions might have stopped and indeed been reversed in some cases, but as Ida Axling discovers, new branches, whilst welcome, are not the answer to all the issues over broker service.
Interview: Sabre CEO Geoff Carter
Sabre boss Geoff Carter tells Insurance Age about the upsides for brokers from its IHP rollout, growing in motorbikes after the collapse of MCE and profitable expansion plans in taxi.
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