Commercial
PIB buys Stockton-based UKinsuranceNET
Deal is PIB's 30th as the consolidator confirms it has several more in the pipeline.
Brokers not responsible for BI test case insurance policies under contract law, argues FCA
The business interruption test case policies under scrutiny in the Financial Conduct Authority’s test case are presented ‘in the manner which most benefits insurers’ and therefore brokers should not take the blame for any contractual breaches, the…
Action groups hit out at “absurd” insurer defences in FCA BI case
Insurers have been accused of filibustering in relation to business interruption as firms suffer “devastating losses” following coronavirus lockdown.
Covid-19 to boost broker M&A
David Hopwood, of Marsh Networks, predicts the pace of M&A will increase as the UK moves out of lockdown.
Building business better after the crisis
Broker Extra 2020: Every effort is being made to ensure the UK economy fires up again, but how will brokers be operating and can they find better ways to function? Aviva's Phil Bayles, Ian Donaldson of Atlanta Group and Sara Fardon, of Willis Towers…
MGAs under threat as insurers set to crackdown
News Analysis: Covid-19 and BI wordings row likely to see a flight to quality, specialist providers while vanilla offerings set to struggle.
Brokers expect bold first move from Aviva's new leader Amanda Blanc
Experts predict she will focus on expanding the business rather than carving bits off, while one broker warns "heads will roll" on the provider's top team.
From a public health crisis to a public relations crisis – Where does the BI buck stop?
Broker Extra 2020: The UK insurance sector is mired in a public relations disaster after its wide-scale rejection of many business interruption claims connected to the Covid-19 pandemic. An expert panel discussed whether reputations can be restored and…
The Fallout - Insurance brokers and the coronavirus pandemic
Broker Extra 2020: Brokers have faced significant challenges yet also gained some business benefits resulting from the Coronavirus pandemic. In a Broker Extra 2020 live-streamed session, an expert panel of brokers talked about their experiences.
Blog: What challenges await new Aviva CEO Amanda Blanc
It is early days yet, but new CEO Amanda Blanc is certainly talking the talk when it comes to turning around Aviva. Insurance Age content director Jonathan Swift outlines where the battle could be won when it comes to her being considered a success or…
Chubb flags huge Covid-19 losses
The global insurer has estimated a $1.36bn hit arising from Covid-19.
Insurance Covid-Cast: Future of Insurance Work - What do millennials want from their employers; and has it shifted due to Covid-19?
For the 32nd episode of Post and Insurance Age’s video series we gathered together a panel to discuss how millennials have experienced lockdown and what temporary practices they would like to see made permanent.
RSA walks back on Marsh criticism in FCA's BI test case
As RSA changed its mind on part of its argument that drew criticism from Marsh, the Financial Conduct Authority said insurers were failing to take account of “the true nature of the insurance provided” in its business interruption test case, according to…
Insurance Age Digital Edition: July - Hitting restart?
The July issue of Insurance Age is available via digital platforms only due to Covid-19.
Cullum-backed Ataraxia launches broker network
MD Adam Boakes says model will help brokers increase their income as well as provide them with a guaranteed investor in their business once they're looking to exit.
Jensten Group makes lockdown buy with Senior Wright deal
The moves adds £20m in GWP to the Jensten Group portfolio.
Miles Smith-owner SRG buys Insolvency Risk Services
The company purchased the administration specialist from MS Amlin as SRG teases further strategic partnerships.
News analysis: What will the ‘new normal’ look like?
The coronavirus crisis has had a profound effect on the way people work. Insurance Age finds out how brokers think the insurance industry will operate once the lockdown has ended
Insurance Covid-Cast: What next for Managing General Agents?
In the 30th episode of Post and Insurance Age’s video series we gathered together an expert panel to discuss what the future holds for managing general agents.
Insurers accused of ‘dragging feet’ as extra FCA BI September trial dates mooted
The eight insurers involved in the case are still on the hunt for their own expert evidence as a second trial in September is looking increasingly likely.
FCA BI test case ‘clear and present danger’ to brokers
Experts warn that brokers could find themselves under fire as insurers lean in intermediaries in defences.
Action Groups get go-ahead to intervene in FCA BI test case
Groups formed against Hiscox and QBE will “closely liaise” with the FCA but are not permitted to increase the scope of the test case.
Ardonagh moves forward with refinancing
The $500m ‘payment-in-kind’ toggle notes have been priced as the business progresses with £1.9bn refinancing which includes a $300m war chest.
Marsh reveals sport, entertainment and media industry group
Group launched in response to Covid-19 impact on SEM sector and will be led by Richard Tolley, deputy leader, global sports and events.