Insurer
FCA proposes £7.5m BI special fee for insurers in levy consultation
The fee relates to legal costs following the BI test case and is part of a raft of proposed changes relating to fees and levies ahead of publication of the watchdog's budget for 2021/22.
CII reports loss for 2020 due to "significant" pandemic impact
The professional body also saw a drop in membership numbers during the year.
Aviva reveals management changes following Phil Bayles' exit
Gareth Hemming will take over as chief distribution officer at the provider.
Aviva's Phil Bayles exits the insurer for a role at Ardonagh Group
Bayles will take up the newly created role of chief commercial officer for Ardonagh Advisory, focusing on placement and growth initiatives such as M&A as well as overseeing Compass and Broker Network.
Motor premiums see biggest drop since 2014
The pandemic along with pricing action needed to meet the FCA's crackdown on dual pricing is expected to cause continued uncertainty in the motor market, according to Confused/Willis Towers Watson.
People Moves: 19 - 23 April 2021
The key job changes in the world of insurance this week.
Brokers adopt climate change initiatives
Following Aviva’s pledge to be the first major insurer worldwide to achieve net zero carbon emissions by 2040, Insurance Age looks into what this might mean for brokers, and how they plan to adapt their strategies to a more climate-aware business model.
Ardonagh Specialty reveals capacity deal with Beazley
Business says cross class follow capacity solution will benefit Price Forbes clients across cargo, specie, terrorism, financial products, healthcare and marine.
Allianz offers free legal line for commercial customers
The insurer’s 24/7 telephone service can provide guidance on any business-related legal matter, from employment law to debt recovery and property disputes, as well as advice on Covid-19 related legislation.
MHIB and Biba launch largest ever insurance mental health survey
Head Lines: The survey will benchmark the health of people working in the insurance sector for the first time.
Google: Why brokers are "key enablers"
Insurance Age meets Dr Henna Karna, who heads up reinsurance and risk management solutions at Google Cloud, to learn more about Google's insurance plans and discuss the future for brokers in a tech dominated landscape.
Xenia buys West Midlands-based trade credit broker
The Nexus-owned business says Credit Insurance Alliance Brokers will be integrated with its Credit Risk Solutions unit.
Analysis: The future of the networks model
Following on from GRP's surprise purchase of Marsh Networks, Martin Friel investigates how consolidation is changing the networks landscape.
BLM launches cross-industry property damage body to combat claims surge
The industry-wide property damage Task Force is meant to bring insurers, brokers, loss adjusters, legal specialists, and corporates together to identify emerging issues in the property claims sector.
Q&A - Marshmallow's Oliver Kent-Braham
The founder of motor provider Marshmallow discusses the company's creation, its future plans, and lifts the lid on the legal battle with Marsh over its name.
FCA data reveals progress as insurers settle Covid-19 BI claims
Updated figures show providers have made interim payments of £247.7m and final settlements of £352.1m since the Supreme Court verdict, but 12,217 policyholders are still waiting to hear whether their policies provide cover or not.
People moves: 12-16 April 2021
Stay up-to-date with the latest personnel changes in the world of broking and insurance.
Former Tesco Bank boss, Benny Higgins, joins Markerstudy
Higgins comes on board as group chairman
Mulsanne accuses Marshmallow of stealing trade secrets in court battle
Mulsanne says it has suffered loss and damage of at least £39m, as judge orders Marshmallow to disclose information relating to the case.
Interview: A niche focus
Insurance Age meets the team at specialist managing general agent Avid Insurance.
Partners& appoints Aaron Devitt to newly created role
Devitt had worked as chief operating officer at Travelers since 2016.
Keith Richards to exit the CII
CII confirms it will recruit new chief membership officer in due course, as Richards is set to step down at the end of June.
Getsafe targets becoming the go-to brand for UK millennials
One year after launching its first product in the UK, Getsafe CEO Christian Wiens tells Insurance Age about the insurtech's expansion plans.
People moves: 29 March - 9 April 2021
Stay up-to-date with the latest personnel changes in the world of broking and insurance.