Insurer
AM Best downgrades Qatar Insurance Company ratings
Ratings agency AM Best has downgraded the financial strength and long-term issuer credit ratings of Markerstudy-affiliated Qatar Insurance Company to A- (Excellent) from A (Excellent).
People Moves: 12 - 16 December 2022
Keep up to date with the latest personnel moves in insurance.
Fair value? Which household insurers are rejecting the most claims?
Ageas, Axa UK and LV have some of the highest claims rejection rates in home insurance out of all the insurers who work with brokers, Financial Conduct Authority figures show.
Biba reveals 2023 conference theme
The British Insurance Brokers' Association has revealed Rising to the Challenge as its theme for the 2023 conference.
Graeme Trudgill ‘delighted’ to see FCA review funding of the FSCS
The British Insurance Brokers’ Association’s executive director, Graeme Trudgill has responded to the Financial Conduct Authority’s review of the funding of the Financial Services Compensation Scheme.
FCA reveals next steps for improving the compensation framework
The Financial Conduct Authority has published the feedback it received to its call for input on the framework for protection provided through the Financial Services Compensation Scheme, following concerns about increasing costs.
Daines Kapp's George Worby first to complete Allianz's broker apprenticeship
Allianz has revealed its first success story in its broker apprenticeship programme which it believes could help tackle the recruitment crisis.
FCA raises concerns on D&I strategies
The Financial Conduct Authority has warned that firms’ diversity and inclusion strategies are not consistently based on a clear diagnosis of their specific circumstances and challenges, meaning actions and initiatives may not be appropriately focused.
QBE launches new financial lines product
QBE Europe has launched a new warranty and indemnity product due to increased mergers and acquisitions.
Ripe Thinking hires ex-Towergate duo to 'help drive growth'
Insurtech broker Ripe Thinking, has hired Simon Trott as chief operating officer and Rob Styring as chief financial officer.
RSA can no longer 'hide behind the screen' to engage brokers - Catherine Frost
Stakeholder engagement with brokers is a priority for increased visibility, according to RSA regional managing director Catherine Frost.
FCA ‘haven’t thought through’ plans for PI insurers to pay millions in IFA claims
Insurers have a number of valid reasons to reject claims from IFAs who mis-sold pensions to British steel workers, according to a legal expert.
People Moves: 5 - 9 December 2022
Keep up to date with the latest personnel changes in insurance.
Market Moves: December 2022
Keep up to date with the latest personnel moves in insurance.
Markel first to partner with Zywave on broker briefcase expansion
Zywave has revealed an extension to its broker briefcase allowing insurers, MGAs and third parties to insert their broker-focused content directly into the workflow of a broker.
Zurich names David Nichols UK head of retail after David Martin exit
Zurich has appointed David Nichols as UK head of retail moving across from being chief claims officer.
Chaucer launches new ESG ‘scorecard’
Chaucer has rolled out an initiative to measure the environmental, social and governance performance of clients and business partners.
FCA outlines rogue financial promotions clamp down
The Financial Conduct Authority has proposed new measures to stamp out illegal, unfair or misleading financial marketing.
RSA set to launch low-carbon underwriting policy
RSA has revealed a new low-carbon underwriting policy and has committed to achieving an underwriting portfolio production that is over 75% low carbon by 2030.
Under 20% of firms meet FCA expectations on attestation records
Only 11 out of 66 firms in the Financial Conduct Authority’s general insurance pricing review provided attestation records that met the regulator’s expectations.
Gallagher calculates 40% of commercial properties underinsured
Gallagher has assessed that two in five commercial properties in the UK are currently underinsured with the problem hitting a record high.
Increase in scamming methods as ransomware frequency decreases- CFC’s Lindsay Nelson
Cyber development leader at CFC Underwriting, Lindsey Nelson, has warned the insurance industry not to ignore other ways of scamming as ransomware decreases in frequency yet still dominates the headlines.
FCA says insurers undervaluing cars and other items at claims stage
The Financial Conduct Authority has warned insurance firms not to undervalue items when settling insurance claims, especially during the cost of living squeeze, saying it has seen evidence the practice is happening.
People Moves: 28 November - 2 December 2022
Stay updated with the latest personnel moves in insurance.