Commercial

Covid BI claims payments hit £701m

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.

PIB buys Jersey-based CBCJ

Consolidator says the PI specialist broker will be integrated into its Guernsey-based business as it plans to expand across the Channel Islands.

Direct Insurance becomes Aventum

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.

Blog: Beware the hidden dangers of kerb appeal

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.

Inperio unveils brokers' PI product

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.

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