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Nov 11, 2024 | 
insurancetimes.co.uk | Katie Scott |Yiannis Kotoulas |Isobel Rafferty
High net worth clientele often enjoy an array of hobbies that the average man on the street may not be able to afford – but how can individuals ensure they have appropriate cover to protect against pitfalls of a very particular hobby niche?
Anyone that owns high value artworks, whether they are an art enthusiast or blue-chip collector, needs to consider how to protect the financial and cultural value of these pieces.
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Nov 7, 2024 | 
insurancetimes.co.uk | Isobel Rafferty
The broker has also appointed a new international corporate and commercial leaderMarsh has appointed Alistair Brighton as its new UK chief executive for corporate and commercial business.
Brighton will succeed Alistair Fraser, who is moving into the newly created role of international corporate and commercial leader.
Brighton currently serves as the UK sales leader for Marsh, a position he has held since January 2022.
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Nov 7, 2024 | 
insurancetimes.co.uk | Isobel Rafferty
’The launch of the renewable energy team is a major development,’ says chief executiveCrawford and Company has launched a new renewable energy service.
The facility will provide a range of loss adjusting services to insurers of commercial renewable energy projects, as well as risk advisory services for both insurers and investors.
It comes after Crawford and Company hired a new team from Renewable Energy Loss Adjusters (RELA).
The team will operate the facility on a global basis.
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Nov 5, 2024 | 
insurancetimes.co.uk | Isobel Rafferty
‘Without innovation, an MGA offers no differentiation’, says chief executive – but how are these firms tapping into technology to stay ahead of the competition? “If you build it, they will come”.
Loosely attributed to the 1989 Kevin Costner film Field of Dreams, this phrase – popular in business terminology – suggests that creating a quality product alone is enough to reap rewards in terms of customer attraction and retention.
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Nov 4, 2024 | 
insurancetimes.co.uk | Isobel Rafferty
Public liability claims increased substantially, howeverThe UK government’s Compensation Recovery Unit (CRU) has reported a record low of registered motor injury claims in Q3 2024.
According to the claims data, there were 76,678 cases registered between 1 July and 30 September this year.
That reflected a near 11% fall compared to the same period last year, in which 85,830 cases were registered.
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Oct 31, 2024 | 
insurancetimes.co.uk | Isobel Rafferty
The appointee will join the business at the end of Q1 2025Lloyd’s global reinsurer MS Amlin has appointed Paul Lucas as chief actuary.
Lucas will be responsible for all actuarial operations, including reserving and pricing, while supporting the business’ strategic long-term growth objectives.
The appointee will be based in London and report to MS Amlin’s chief financial officer Jessie Burrows.
He will join the business at the end of Q1 2025.
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Oct 29, 2024 | 
insurancetimes.co.uk | Isobel Rafferty
C-suites are ‘still trying to find the hybrid working sweet spot’, says global and UK headMore than three quarters (76%) of financial services leaders across the UK are planning to increase office attendance in the next 12 months, new research from KPMG UK has found.
Out of 150 leaders surveyed by Opinium on behalf of KPMG between 17 and 23 September 2024, 37% specified that they expect employees to be in the office at least four days a week.
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Oct 29, 2024 | 
insurancetimes.co.uk | Isobel Rafferty
The appointee’s knowledge and expertise ‘will be invaluable in driving the business forwards’, says group chief operating officerIncident management service provider FMG has promoted Andy Chandler to the role of managing director.
Chandler first joined FMG in 2015 as business development manager, before working his way up the ranks to head of new business and sales director.
He then joined FMG’s parent company Zigup in 2021, then named Redde, as sales director.
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Oct 23, 2024 | 
insurancetimes.co.uk | Isobel Rafferty
Both firms believe algorithmic trading presents opportunities for growth in the future of insuranceMGA Aurora has secured seed funding from QBE Ventures, the investment arm of global insurer QBE Insurance Group.
The investment will be used to enhance Aurora’s algorithmic trading proposition and, in turn, widen its product offering.
It will also allow the MGA to create new commercial distribution partnerships.
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Oct 22, 2024 | 
insurancetimes.co.uk | Isobel Rafferty
The platform aims to mitigate common barriers to successMovo Partnership has launched a new platform in a bid to help entrepreneurs develop their own broking businesses.
Called Movo Accelerator, the platform aims to mitigate common barriers to success, which include startup costs and the first 12 months of trading.
To do this, Accelerator will cover salaries, infrastructure and services to help get a broker up and running in return for an equity stake in the business.
