Insurer
Analysis: The inflation challenge
The ever-increasing rate of inflation in the UK and certainty of more to come has led to warnings of challenges for brokers and insurers alike with issues ranging from difficult conversations on premium rises to underinsurance and the prospect of turning…
New RSA CEO Ken Norgrove promises to fix current “average” broker service
The insurer is keen to grow in SME in partnership with brokers but will not be targeting micro business.
Aviva takes Charlotte Jones from RSA as CFO
Aviva has been looking for a new CFO since Jason Windsor resigned in January.
R&Q agrees £482m sale to Brickell
The deal would give shareholders a premium of around 20% on yesterday’s closing price.
Lloyd’s picks 11 for latest lab cohort
The insurtechs have been selected based on solutions geared towards four key themes: decarbonisation and climate change; supply chains; data and models; and claims.
KGM buys Eridge Underwriting Agency
The MGA forecast the combined business will underwrite £175m in gross written premium this year.
Axa opts not to appeal BI ruling in Corbin & King case
The insurer said it is working with the restaurant group to finalise the claim as quickly as possible as well as looking at the impact of the court’s decision on other declined claims.
Beazley revamps underwriting team structure
Cyber risks to become a standalone division as part of the changes.
Occam completes Beech buy
The deal was first revealed in October.
FCA warns of Direct Line clone
Regulator flags Direct Line Sustainability to customers.
Markel adds Mark Plews from Hiscox as director of underwriting
He is replacing Simon Fells who is retiring.
Euler Hermes rebrands as Allianz Trade
The provider has been fully part of Allianz Group since 2018.
Opinion: Legal disputes rise as tough times get tougher
Left reeling by pandemics, volatile markets, rising costs and labour shortages, UK businesses are also seeing a spike in legal disputes. ARAG MD, Tony Buss, explains why demand for legal protection is steadily rising with no quick end in sight.
Lloyd’s CEO John Neal in hospital after cycling accident
The marketplace’s leader is expected to make a full recovery after sustaining serious injuries.
In depth: Employment practices liability: getting back to business?
The disruption to working practices following the Covid-19 pandemic has also prompted major upheaval in the employment practices liability (EPL) market. Tim Evershed reports
Zurich drops ‘Z’ logo in wake of Ukraine invasion
The provider has stopped using the logo on its social medial channels.
Saga reports drop in broking GWP and profit
The group sold Bennetts in August 2020.
Hagerty launches motorsport insurance in the UK
The organisation is working with Gullwing Racing Insurance.
In Depth: Legal expenses cover proves value in volatile times
The turmoil caused by pandemics and politics in the past two years has created an increasingly litigious landscape and served to highlight the value and benefit of legal expenses to businesses, says Tim Evershed
CFC revamps tech and media policies
The provider has streamlined the proposition to remove the need for multiple policies.
Lloyd’s posts underwriting and pre-tax profit for 2021
The marketplace swung back to £2.3bn profit after a loss of £900m in 2020.
Axa granted leave to appeal Corbin & King verdict
Silence from the insurer on whether it will pursue the appeal.
Doing nothing on ESG is the biggest risk, brokers warned
Broker Summit attendees also hear from keynote speaker on leadership and resilience.
MS Amlin Underwriting commits to net zero by 2050
The insurer has also enhanced its sustainability governance and adopted goals set out by the United Nations.