Commercial
NIG sees premium growth in H1 as Direct Line posts profit fall
CEO Penny James comments on the provider's Covid-19 strategy as COR improves but in-force policies reduce.
Lycetts returns to profit in 2019
Broker reveals it recently undertook a strategic restructure, creating a single insurance division, and completed a deal for broker Robertson-McIsaac.
GRP-owned County buys CJN Insurance Services
Broker states it has a number of deals in due diligence and expects to add to its portfolio soon.
Fiducia develops terrorism policy
The product covers nuclear, biological, chemical and radiological attacks.
Video: Autonomous vehicles in farming
Driverless vehicles are revolutionising the agricultural sector. MS Amlin explains how this is impacting insurance.
Blog: Elon Musk and the future of the D&O market
James Denison of Weightmans and FOIL considers the future for D&O and the prospect of further self-indemnification.
Aston Lark consolidates Lloyd's presence with broker buy
The firm has purchased Incepta for an undisclosed sum.
UK Broker Awards – Meet the Shortlist – Commercial Lines Broker of the Year
The lifeblood of brokers is SME business. This award picks out the best of the bunch when it comes to serving commercial clients.
Aviva UK numbers a product of Covid-19
UK COR hit 106.3% for the first half of 2020 as GI CEO Colm Holmes points to a strong underlying performance despite the business remaining in cost-cutting mode.
Bennett Christmas buys Sennet Insurance Services
Bennett Christmas is part of the Ethos broker stable and adds the professional indemnity specialist to its portfolio.
Blanc to focus on UK, Ireland and Canada to intensify Aviva growth
The CEO said that as part of this there may be some market withdrawals and “difficult” decisions as she reaffirms Aviva’s commitment to brokers as UK COR soars amid Covid-19.
Allianz hits almost £2bn in premium
However commercial business sees GWP decline in H1 2020 numbers as provider predicts £80m Covid-19 BI hit.
Video: Fleet crime in the agricultural space
Insurance Age speaks to MS Amlin about how farming fleets are being hit by organised crime.
FCA threatens intervention over BI claim deductions
The #justpayit campaign has highlighted that some providers are reducing BI payouts to businesses which have received government support grants.
GRP buys seven business books from Aon
The deal includes a large portfolio in Northern Ireland.
Survey: What direction should commercial and agricultural insurance e-trading be taking?
Brokers explain how providers can improve the commercial and agricultural insurance e-trading experience for a survey conducted by MS Amlin and Insurance Age
Hiscox COR soars to 114.6% and losses hit $138.9m
The provider has also reserved $232m for Covid-19 related claims as it reports H1 2020 numbers.
Aston Lark buys PHM
The deal adds around £4m in GWP and sees Aston Lark push further into employee benefits.
Grumpy Old Insurance Execs: Bunker, Cooter, Hanks and Smith on trading through a hard market
For the 36th episode of Post and Insurance Age’s Covid-Cast video series we gathered together an esteemed panel of ‘grumpy old insurance execs’ to talk about how to trade through a hard market, something many might have not experienced before.
BI court case judges aiming for draft judgment in mid-September
Lord Justice Flaux has confirmed the middle of September as the target date for a draft judgment in the business interruption court case brought by the Financial Conduct Authority against UK insurers.
Pen increases solicitors’ PI capacity to more than £100m
The backing comes from A-rated capacity and lasts for three years.
RSA posts drop in premium in H1 2020
Provider expects Covid-19 premium slip of £110m for the group, including an estimated £81m impact in the UK & International business, as it also reveals a £33m loss on its UK and London market exit portfolios.
QC accuses FCA of failure to show causal connection between government action and the disturbance to the insured businesses
Insurers argued the Financial Conduct Authority is “unable to demonstrate” any meaningful connection between the action taken by the UK government on a national basis in response to Covid-19 pandemic and the locality of firms’ premises, as the court…
Insurers’ QC claims FCA is “forcing a square peg into a round hole” in BI test case
Providers argue regulator’s case doesn’t work because access to premises was not prevented during pandemic as lawyers for Hiscox, Ecclesiastical, MS Amlin, Arch Insurance and Zurich make their submissions.