In Business Continuity Week, Ecclesiastical's Sarah Pearson, considers developing business resilience.
As the cost of PI soars, and insurers exit the market, Biba panellists call for brokers and insurers to collaborate to ensure customers get value.
FCA figures show interim payments of £268.2m and final settlements of £433.1m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,912.
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.
Latest move sees specialist marine broker Christopher Rowe join Seventeen Group's stable and follows its purchases of Ryan's and Pinner Risk Solutions.
McGinn discusses exiting certain trades amid a hard market, changing broker wordings after the Supreme Court judgment in the FCA test case and what is next for Allianz in the UK.
Consolidator says the PI specialist broker will be integrated into its Guernsey-based business as it plans to expand across the Channel Islands.
Deal for Pinner Risk Solutions follows its purchase of Ipswich-headquartered Ryan's last week.
CEO Paul Anscombe discusses his plans for Ryan's and reveals he is increasingly getting approached by brokers looking for an alternative to the consolidators.
The consultancy has developed a niche risk and insurance adviser for property investors, developers and the construction sector.
Ryan's will become part of James Hallam as chairman Tim Ryan is set to exit.
Hayley Robinson will be heading off to Switzerland to start as group chief underwriting officer in June.
The provider has also released its Q1 results, revealing a combined operating ratio of 86%.
The regulator brought the case to provide clarity for policyholders on payment of business interruption claims arising from the pandemic and subsequent lockdown.
The legal indemnity specialist, which had been working with around 80 brokers, says it has decided to revert to a sole focus on solicitors.
It’s UK broker operation, Direct Insurance London Market, has been re-named Consilium as part of a business restructure as the group teases M&A plans.
Keating discusses the business interruption test case and the FCA's £7.5m special levy to recover the costs as he urges brokers, MGAs and insurers to pull together and rebuild trust in the sector.
As pubs, restaurants, and bars re-open with the use of outdoor areas and pavement seating, brokers need to ensure insurers are in the loop or risk disappointment when it comes to a claim warns Tom Hill, executive director at Aqueous Underwriting.
The syndicate has planned gross premium of over £100m for its first year of trading and will be managed by Asta Managing Agency.
Move follows large premium increases in the market after the Grenfell fire and the provider urges brokers to sell the product net of commission on a fee basis to keep costs down.
MGA says new offering is launched in response to rising rates and concerns about availability and affordability of cover after several providers introduced Covid-19 exclusions.
Purple-founder Brewin has been lured out of retirement to join the PIB-owned network.
The regulator has reissued its consultation paper on fee rates for 2021/22 after the initial document wrongly said that MGAs were expected to contribute.
Paul Macbeth tells Insurance Age about how the broker's deal for Peter Lole came about and discusses his plans for the future.