Insurer
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.
Renovation Underwriting hires James Guthrie to lead on broker distribution
Guthrie most recently worked as head of HNW distribution at Covéa.
Biba to open conference for extra day
The move follows difficulties accessing the virtual conference platform yesterday.
Biba 2021: Unintended consequences from silent cyber 'knee jerk' reaction
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.
Biba 2021: The Future of Broking
Phil Barton attacks scale-led consolidation and warns broking is “in a dangerous place” as an expert panel including Aon’s Julie Page, A-Plan’s Carl Shuker and Atlanta’s Ian Donaldson consider the future in a session chaired by Brokerbility’s, Ashwin…
Biba conference site crashes
Delegates are unable to log in to the platform as the trade body blames wider server issues and apologises for the problems.
Interview: Allianz's Simon McGinn on challenges and opportunities in a hard market
McGinn discusses exiting certain trades amid a hard market, changing broker wordings after the Supreme Court judgment in the FCA test case and what is next for Allianz in the UK.
Aviva confirms potential redundancies amid IT overhaul
Up to 115 staff across a number of sites will be affected as the insurer looks to automate and outsource.
Axa Commercial launches Broker Learning Zone
The initiative has been developed to drive professional development for UK brokers and sits alongside the newly-developed Axa XL Broker Academy.
Blog: In search of the digital X-Factor
Dave Ovenden, of Willis Towers Watson, considers how the industry can ensure commercial cover isn't left behind amid the tech revolution.
Zurich’s UK underwriting officer exits for global role
Hayley Robinson will be heading off to Switzerland to start as group chief underwriting officer in June.
RSA takeover to be completed in May
The provider has also released its Q1 results, revealing a combined operating ratio of 86%.
FCA spent almost £7m on BI court case
The regulator brought the case to provide clarity for policyholders on payment of business interruption claims arising from the pandemic and subsequent lockdown.
SchemeServe creates scheme sharing facility with capacity from seven providers
The facility, which was developed in response to changes in insurer appetite due to the pandemic, will connect brokers and MGAs looking for capacity for new or existing schemes to a panel of providers including Axa, Ecclesiastical, Hiscox, Arag, and Pen…
Interview: Jaime Swindle - Bravo Networks
Managing director Jaime Swindle talks to Insurance Age about the network's newly created brand, details its new proposition, and explains why networks are an upward trend.
Market moves - May 2021
The latest recruitment news from around the industry
Risk insights webinar: Tackling tomorrow’s risks today
The Aviva team highlights key findings from its Risk Insights report and outlines the danger points, from Covid to mental health problems
Bravo Networks revamps broker proposition
The Ardonagh-owned business, which includes Broker Network and Compass, says the new structure will help grow, protect and support members as they adapt to industry pressures.
Countrywide pulls out of broker-distributed business
The legal indemnity specialist, which had been working with around 80 brokers, says it has decided to revert to a sole focus on solicitors.
Marshmallow denies stealing trade secrets
Mulsanne launched a case against the start-up in March this year and is seeking to claim £39m in damages.
Post Brexit dispatches - What have we learnt so far?
In a quarterly series, the team at PKF Littlejohn consider the impact of Brexit on UK insurance. In this first post, Howard Jones takes stock of where we are now.
People moves: 4 - 7 May 2021
The key job changes in the world of insurance this week.
Markerstudy moves into brokered home cover
The MGA has teamed up with Accredited to expand its home insurance offering.
Zurich launches mental health tool
Head Lines: The provider has developed a free tool that firms can use to identify and manage the mental health risks associated with their workforce.