Insurer
Lloyd's expects to pay out £5bn in coronavirus claims
Market reveals a loss of £0.4bn and a worsened COR in its financial results for H1 2020.
Allianz to close Liphook operation
The insurer is proposing to move its engineering, construction and power teams, based in Liphook, to its Guildford headquarters 17 miles away.
Stoneways Marine unveils yacht and motorboat product
The new offering is available to brokers and Stoneways stated that the policy includes covers such as non-medical repatriation and mental health support for those onboard.
Insurance Museum looks to raise £3m
The initiative is trying to raise the sum each year to develop a visitor centre, make a documentary series and develop educational outreach.
Arag revamps family legal solutions offering
Product now includes a 'dark web' monitoring and ID theft restoration service, which the provider says will "enable brokers to build a truly unique proposition".
Video: How coronavirus has changed the business landscape
Insurance Age content director, Jonathan Swift, talks to MS Amlin's senior e-trade underwriter,Chris Morgan, about how insurance must adapt to the developing needs of customers as the pandemic acts as a catalyst for change.
Brokers predict tough challenge for Zurich's incoming UK CEO
Experts argue that Tim Bailey, who will take over when Tulsi Naidu moves to Zurich's Asia Pacific business, must prioritise getting to know the broker sector.
CII to sub-let office in Walkie Talkie
The body made the controversial move to Lombard Street from its historic Aldermanbury home in 2018.
Lockton accused of forging insurance documents
Property investor Aubrey Weis has alleged that the broker made “false and dishonest representations” regarding settlement of an insurance claim.
Insurance Industry Steps Up for Dementia
This autumn, the insurance industry is coming together again to help fight dementia with the ‘Step Up for Dementia’ Challenge. Insurance United Against Dementia (IUAD) has launched the fundraising initiative to unite the industry in the build up to this…
Home insurance premiums fall after Covid-19 lockdown
Figures from Consumer Intelligence shows average buildings and contents policies fell by 0.3% in the last three months.
Blog: Short-term Lets: Profit or Problems?
Tokio Marine HCC’s Marc Brewer gives brokers an overview of the specialist rental sector.
UK Broker Awards: Tune in on Friday
The winners will be revealed from 12.00 on 11 September on the Insurance Age website.
Treasury launches latest five year review into Pool Re
Pool Re is forming an advisory group consisting of insurance CEOs and other stakeholders to advise it throughout the review, which will determine its strategic direction for the next five years.
Zurich names new UK CEO
Tim Bailey will take over on 1 January as current CEO Tulsi Naidu moves to become CEO Asia Pacific at the provider.
Tulsi Naidu exits as Zurich UK CEO
She leaves to head up the insurer's Asia Pacific region as provider reshuffles its executive team and makes swathe of leadership appointments.
Parliamentary call for Co-op to review Markerstudy deal
MP, Tony Lloyd, slams Markerstudy over potential loss of 200 jobs and failure to recognise Unite and calls on Co-op to examine "moral compass" amid sale which is yet to complete.
Saga announces £150m equity capital raise
Former owner and CEO, Sir Roger De Haan, is expected to invest up to £100m in the business as he returns to the board as non-executive chairman.
Deadline extended for AA takeover talks
The three potential buyers have an additional four weeks to make a bid for the AA as the motor specialist says discussions are progressing.
QBE group CEO exits after conduct investigation
Departure follows the outcome of an external investigation into “workplace communications” after a female employee reportedly complained to the QBE board.
Gallagher cans Capsicum Re brand
The reinsurance business will be renamed Gallagher Re from 1 October.
Trade-offs are needed to create pandemic policy, says Liiba
CEO Christopher Croft argues that governments and private insurers need to collaborate on solution capable to respond to future pandemics in order to keep costs down for taxpayers.
Complete Cover and Mulsanne parent posts £41.7m loss
The business was sold to Sun Capital last year. Since then it has secured a £1m development loan from Close Brothers and its investors has pumped £7m into Mulsanne to help with solvency.
People Moves: 24 - 28th August 2020
Keep up to date with the latest job changes.