Insurer
Amanda Blanc replaces Tulloch as Aviva CEO
Maurice Tulloch has retired for family health reasons.
Arag posts turnover rise for 2019
But the business also saw a fall in profits as MD Tony Buss says provider has revised its expectations for 2020 due to the pandemic.
FSCS "standing ready" to deal with customer impact from Gefion
COO Jimmy Barber discusses Gefion's solvent run-off, previous insurer failures including Alpha and Enterprise, and why he believes brokers are integral to the Scheme.
People Moves Round-up: 29 June - 3 July 2020
Keep up to date with the latest people moves.
Lloyd's proposes solutions for non-damage BI cover
The insurance market has revealed a number of frameworks to help tackle the coronavirus crisis as well as future systemic catastrophes.
CFC expands its transaction liability range
The product is aimed at businesses pursuing small portfolio add-on acquisitions that may otherwise go uninsured.
Aviva suspends Facebook ads amid hate speech row
The insurer is the latest large firm to pause advertising on the social media platform which has been accused of not doing enough to address hate speech.
UK profit for Ecclesiastical slips to £20.4m
The results for 2019 showed a decrease in profits but GWP grew by 3.6% to £257m as broking division makes a loss.
Gefion enters liquidation after it loses insurance license
The troubled Danish provider says it is "disappointed" after Danish regulator refuses three-month extension to its recovery period forcing it into run-off.
Car premiums fall in Q2 amid Covid-19 lockdown
Consumer Intelligence says average motor premiums fell by 1.4% in the last three months, most likely as a result of fewer people driving during the pandemic.
MGAA names ex-One Commercial boss Mike Keating as new MD
Keating will take over from outgoing MD Peter Staddon in September.
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.
Marsh bites back as RSA alleges it is on the hook for wording in FCA BI test case
Marsh has disputed RSA allegations its clients should be liable for brokered policy contract issues in the Financial Conduct Authority’s business interruption test case, as brokers were dragged into the ongoing proceedings.
Insurers lock horns with FCA in BI test case defences
Brokers brought into fray as providers file a variety of defences including proximate cause and the ‘Sweden defence’ in the landmark case to determine the validity of BI claims arising from the coronavirus pandemic.
Hiscox Action Group attempts to join FCA BI test case
Group u-turns on desire to be part of FCA case as Hiscox continues to assess its separate arbitration claims.
Beazley launches cancellation cover for virtual events
Provider predicts virtual events will continue after Covid-19 lockdown eases.
Euler Hermes hires new RICC director for UK and Ireland
Andrew Hodson moves across from the Allianz-owned insurer's Paris office.
UK General returns to Primary Group
The organisation sold UK General to JC Flowers back in 2017 and the fresh deal sees management changes.
NMU unveils new cargo product
Insurer says new offering provides enhanced levels of cover and a simplified claims process for the lower value losses.
FCA announces permanent CEO
Nikhil Rathi joins from the London Stock Exchange and will be paid £455,000 a year.
Ex RSA Ireland CFO O'Connor fined €70,000 and banned for 8 years
Action follows the provider's failure to maintain sufficient technical reserves between February 2010 and September 2013.
UK Broker Awards: Shortlist revealed
The event received more entries than ever before as Insurance Age celebrates the best in broking.