Insurer
Industry unites to tackle dementia
Insurers and brokers are working together to raise funds for Insurance United Against Dementia on the Insurance Day of Giving.
Hardening market and economy are brokers' top worries
Research from Aviva shows over half of brokers are expecting economic decline as a result of coronavirus restrictions.
Allianz expands broker training programme
Offering will provide select independent and regional brokers with access to LinkedIn Learning.
Ageas takes chief distribution officer from Aviva
Adam Beckett joins the insurer in the New Year after 20 years with Aviva.
Date set for Supreme Court BI battle
The case, brought by the FCA on behalf of policyholders, will be heard for four days from 16 November.
People Moves Round-up: 2- 6 November 2020
Keep up tp date with the latest people moves.
MGAA seeking to “push accelerator” on membership
MD Mike Keating said the organisation will focus on its members developing broker relationships as the sector moves through a hard market.
Hiscox reports Q3 growth despite Covid BI case
The insurer saw GWP grow as its retail business reported an uptick in all five of its business units.
Geo Underwriting expands into marine and leisure with deal
Ardonagh's MGA arm buys £8.5m GWP book of business from KGM.
Industry reminded of Covid-19 product value review deadline
The FCA warned insurers and brokers that any assessments must be completed by 3 December.
SMEs cut back on insurance spend amid Covid-19 financial struggles
Research from Premium Credit shows over half of SMEs have stopped paying for covers including employers' liability and professional indemnity as well as business interruption.
Alpha administrators in legal dispute with UK taxi broker
The case relates to premiums of over £3.9m collected by the broker before the unrated Danish insurer failed in 2018.
Hiscox UK appoints COO
Louise Marling steps up after joining Hiscox in 2019 as interim change director.
Blog: The care sector conundrum
The market is divided on the challenge of supporting the care sector in the face of Covid-19, says Markel’s Nic Brown.
Clementi exits as MS Amlin Underwriting CEO
Johan Slabbert takes up the position later on this year as Clementi leaves the insurer.
Premiums collected will not cover insurable Covid losses - report
An insurance think tank has suggested that insurers would need to collect BI premiums for 150 years to make up for predicted global losses.
Advisory forum created to help small businesses recover post pandemic
Seven industry figures have joined the forum which was launched by Peach Pi to collaborate on improving relationships with consumers and within the industry.
AIG set to restructure
The insurer will separate its life and retirement business from its GI division and will refresh leadership as CEO Duperreault steps back to executive chairman role.
FCA raps Aviva on the knuckles over share announcement
Insurer apologises over 2018 announcement with the potential to mislead the market in a “serious but not intentional” breach.
Home insurance to “scrape a profit” in 2020
Poor weather threatened revenues but the fall in claims due to lockdown has lowered costs, but analysis paints a stormy picture for 2021.
Trust in insurance sector plummets after BI case
The Financial Conduct Authority test case has seen a third of sector professionals believe faith in insurance has been “greatly reduced”.
BI dispute: RSA won't appeal on Resilience and two Eaton Gate wordings
The insurer is not challenging the judgement on three wordings as the coronavirus business interruption proceedings head to the Supreme Court.
Liberty Specialty Markets launches video platform for brokers
Provider says Liberty Virtual Rooms will help it build relationships with brokers and was launched in response to the decline in face-to-face meetings as a result of the pandemic.
Property investor files separate legal proceedings against Axa as Lockton case continues
Aubrey Weis, who has also accused Lockton of fraud in a related court case, claims the provider owes over £1.6m in damages following a property claim.