Insurer
Insurers urged to pay claims quickly following BI ruling
The Supreme Court concluded the Covid-19 business interruption dispute by substantially ruling in favour of policyholders.
Supreme Court rejects insurers' appeals in BI test case judgment
The court also concluded that the Orient Express case, which insurers relied on during the hearing, was wrongly decided and should be overruled.
GB Underwriting joins Specialist Risk Group
The MGA specialises in construction and provides property and liability cover via UK brokers.
SMEs “disappointed” by way insurance firms handled Covid claims
CII survey highlights how trust in the profession slipped in 2020 due to the pandemic.
Uinsure adds Covéa Insurance to its broker platform
Uinsure is seeking to grow broker distribution of home insurance products.
People Moves: 11 - 15 January 2021
Keep up-to-date with the top personnel changes in the world of insurance.
Claimants reply after Axa puts blame on Lockton in legal row
Property investor Aubrey Weis has disputed claims made by Axa in its defence document.
Markerstudy posts loss for "consolidation year" 2019
MGA confirms it is in discussions with Qatar Re after missing the deadline to pay back its near £200m loan, as it seeks fresh third party investment.
Pen Underwriting extends £165m Zurich capacity deal
The capacity will provided over the next five years to cover hazardous industries and tanker transportation.
Scheme to protect credit insurance transactions extended
The UK government, the Association of British Insurers (ABI), Euler Hermes and other underwriters have agreed to extend the State Support Scheme as providers warn of increased insolvencies.
Saga Insurance CEO exits
Group CEO Euan Sutherland takes over on an interim basis while the business searches for a replacement for Cheryl Agius, who is stepping down for personal reasons.
Admiral sells Confused to Zoopla-owner for £508m plus accrued value
Zoopla parent ZPG Comparison Services Holdings finally snags an insurance aggregator after Go Compare rejected its advances in 2017.
Q&A - Ian Donaldson
The Atlanta CEO reviews the past 12 months and concludes 2021 should be about more than Ebitda and KPIs.
Worry+Peace launches new platform
The business says the tool, which is targeted at brokers, insurers and MGAs, is designed for non-core business lines where a fully e-traded system would be too expensive.
Q&A - Allianz's Sarah Mallaby
Mallaby reviews 2020 and looks to 2021 in our quickfire Q&A.
RSA directors urge shareholders to vote in favour of Intact/Tryg takeover
Shareholders are set to vote on the deal, which would see the UK part of the business sold to Canadian provider Intact, in January.
Lloyd’s and Parsyl launch insurance for distribution of Covid-19 vaccines
Public-private collaboration, including 14 global (re)insurers, addresses critical risks faced by Covid-19 vaccines and other health commodities during distribution
FCA bares teeth on insurance product value as it launches thematic review
Brokers have just three weeks to respond to the watchdog as it zones in on Covid-19 response, product value and customer service.
BI test case Supreme Court judgment expected next year
The FCA has said that no judgment will be handed down before January 2021.
CFC updates UK terrorism and sabotage product
The policy now provides cover for loss of attraction and loss of rent or business interruption sustained in the event of a threat of terrorism or sabotage, as well as bodily injury and property damage liability.
Increases in insolvencies, cyber-attacks and litigation named as top threats for D&Os
AGCS says the pandemic has made the D&O insurance market an increasingly difficult space, with more insolvencies predicted for the first half of 2021.
Hiscox confirms CFO
Tom Shewry has been confirmed in the role.
People Moves: 14 - 18 December 2020
It may be nearly Christmas but there are still job moves to announce.
Q&A - Pen Underwriting's Tom Downey
The CEO of Pen Underwriting discusses the impact of 2020 and looks ahead to a brighter 2021.