Insurers’ repeated argument that policies were not intended to cover pandemics has been described as “a diversionary tactic” on the third day of the Financial Conduct Authority’s business interruption test case.
The deal is S&G's first after it was formed in March 2020 with the aim to support smaller brokers.
On the second day of the Financial Conduct Authority’s business interruption test case, the regulator’s lawyers argued there are key issues with the Hurricane Katrina Orient Express judgment insurers are expected to lean on during the case.
The regulatory body must make a decision on whether to refer the merger for further investigation by 16 September this year.
He replaces John Bibby, who has stepped down from the business but remains a shareholder.
The product is backed by Mapfre and AllClear CEO Chris Rolland confirms it is available for other brokers to sell.
It was confirmed up to 370,000 policyholders may be affected by the test case which aims to decide on the validity of business interruption cover during the coronavirus outbreak.
The SME specialist says existing customers remain covered as it confirms it closed on 17 July.
Welsh broker also reveals turnover increase as CEO Rhys Thomas states the company is "confident" it will emerge from the Covid-19 crisis stronger than before.
Premium Finance Week: As we kick off a partnership looking into the premium finance space alongside Close Brothers, the CEO, Sharon Bishop shares her take on the business outlook amid coronavirus.
CFO Ryan Brown says the consolidator has a "very healthy pipeline" of future acquisitions, as PIB's GWP hits £986m.
The regulator has published a consultation paper on amending its rules in the wake of coronavirus.
A joint skeleton argument attacks the FCA’s stance that SME customers are not sophisticated insurance buyers because they used brokers and slams Contra Proferentem as “restrictive” and “out of step”.
Prices fell by 5% in the last quarter according to the Confused/Willis Towers Watson index.
Keep up to date with the latest people moves.
The trade body said in its accounts that it was “indemnified against significant financial loss” and is now looking at how it can host future events.
The Brolly team, including founder Phoebe Hugh, is set to move across to Direct Line once the deal is completed.
Ignite Insurance Systems' Toby MacLachlan on why brokers should upgrade their policy management systems to operate better in the 'new normal'.
HTC Associates, based in Derbyshire, brings around £5m in GWP to Jensten.
The move, announced in June, brings Broker Network back into the fold as Ardonagh confirms £300m war chest to fund future deals.
Insurance Covid-Cast: Black Lives Matter focus - Q&A with the first minority-led tier-one insurance and reinsurance broker Protecdiv
For the 34th episode of Post and Insurance Age’s video series content director Jonathan Swift sat down with the founders of Protecdiv, a business that claims to be first minority-led tier-one insurance and reinsurance broker.
The software house has partnered with the insurance intelligence provider.
The Financial Conduct Authority has alleged that insurers’ approach to causation in the business interruption test case is “legally flawed” and the defendants have “overlooked” contractual contexts.
Deal is PIB's 30th as the consolidator confirms it has several more in the pipeline.