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“To get effectively a whole broker built from scratch in just nine months is a huge achievement for the team,” head of RAC Insurance Marcus Latchford told Post. “We are looking forward to seeing all Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe You are currently unable to print this content. Please contact [email protected] to find out more. ....
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Only 15 conduct rule breaches were reported by insurance brokers or intermediaries last year, according to new information released by the Financial Conduct Authority in response to a freedom of information (FOI) request by Sicsic Advisory. Over 6,000 solo-regulated insurance intermediaries must inform the FCA each year of any conduct breaches by certified staff under specific reporting requirements. Disclosure Sicsic Advisory said the FOI disclosure revealed that only ten firms reported Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. ....
European Union leaders no longer meet around a common oval summit table to broker their famed compromises. Instead, each of the 27 watches the other heads of state or government with suspicion via a video screen that shows a mosaic of faraway capitals. This is what COVID-19 has wrought. Lofty hopes that the crisis would encourage a new and tighter bloc to face a common challenge have given way to the reality of division: The pandemic has set member nation against member nation, and many capitals against the EU itself, as symbolised by the disjointed, virtual meetings the leaders now hold. ....
New SME loan enables brokers to set price subscribe A A SME lender Capify has launched a new business loan that enables brokers to “select” the rate price for their business client. The fintech lender has released a solution for brokers that enables them to select the rate that the business loan will carry. The offering, available to broker channel partners, enables them to compare their business client against a rate table and select the rate. After identifying the risk category of the business (based on credit score and time in business), Capify said that brokers can then see the rates for the three-12 month loan terms and select an appropriate rate. ....
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Lloyd’s CEO John Neal has stated that the market is “well positioned for a strong rebound and return to underwriting profit” in 2021, after it posted a loss of £887m for 2020. In its financial results, Lloyd’s noted that customer pay-outs in relation to the pandemic are forecasted to reach £6.2bn on a gross basis. According to Neal, two thirds of the claims that have so far been reported to Lloyd’s have been paid out. Business interruption On a call with the media on 31 March, the CEO Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. ....