Insurer
Covid-19: FCA confirms measures to help financially strained insurance customers
Move requires firms to consider payment deferrals, premium reductions and waiving cancellation fees.
Blog: Why brokers need to get behind the FCA on BI
Romero and NDML’s Simon Mabb says why he believes brokers must unite with the regulator to overcome the current Covid-19 business interruption dispute.
Lloyd's expects $4.3bn claims hit from Covid-19
Market predicts the pandemic to be one of its largest pay-outs ever and states the estimated underwriting losses covered by the industry as a result of Covid-19 will be around $107bn in 2020.
Allianz appoints chief risk officer
John Berry is a specialist in pricing, underwriting, data and strategy.
Airmic pressures insurers on “grey area” Covid-19 claims
The risk management association called for a business sensitive approach on the coronavirus pandemic and warned of long term damage if insurers and brokers fail to show fairness and flexibility.
Covid-19: Dentists seek legal action in fresh BI dispute
The British Dental Association said its members had been “blindsided" after majority of coronavirus-related BI claims were rejected.
Ageas takes catastrophe hit
COR crept above 100% across all business lines in Q1 due to storms.
Covid-19: Biba backs Pandemic Re solution for future pandemics
Executive director Graeme Trudgill urges sector to look at a long-term solution as he highlights that the industry does not have enough money to cover claims arising from the coronavirus crisis.
Allianz UK “well equipped” to manage Covid-19 challenges
The provider published a Q1 trading update, the first to incorporate Allianz, LV and Legal & General, as it says it has made 200-plus Covid-19 claims pay outs.
Covid-19: Pressure groups maintain heat on insurers with open letter
The Covid Claims Groups sent an open letter to the ABI calling its BI stance “callous and wrong” and urging industry to pay out for extended BI cover.
Covid-19: Are MGAs outperforming insurers in responding to the crisis?
Brokers say pandemic is an opportunity for MGAs to grow their market share as insurers shy away from writing new business.
FCA set to take a keen interest in vulnerable customers
Insurance Cares: Report by Consumer Intelligence and Sicsic Advisory shows number of people in the vulnerable customer category has hit 13m.
Insurance Covid Cast Episode Nine: Could Tiger King Joe Exotic cut it as a fraud fighter or handle big cats at Lloyd’s?
In the latest Insurance Post and Insurance Age video cast brought to you while our journalists are in isolation lockdown we present first in an irregular series - Covid Culture Club - where we discuss things to watch and do at home.
RSA hires CUO from Ardonagh
Paul Dilley will replace Adrian Sweeney after a handover period.
Blog: Is the pandemic a pivotal moment for insurers?
PR expert and former Allianz corporate communication lead, Mark Bishop considers how the reputation of the sector is being affected by Covid-19.
Hiscox share sale raises £375m
The insurer also published a trading update which addressed the current Covid-19 business interruption dispute.
Covid-19: Allianz latest insurer in legal BI firing line
Edwin Coe is representing a group of businesses with the insurer’s Resilience policy wording.
François-Xavier Boisseau joins ERS' board
Boisseau, who left his role as CEO of insurance at Ageas UK in late 2018, is also a NED at Ecclesiastical and sits on the board of Argo Managing Agency.
Covid-19: Hiscox Action Group says brokers acted in “good faith”
The Group is going after insurer Hiscox over its refusal to pay BI claims the group members believe to have been triggered by coronavirus pandemic.
Uinsure adds Zurich to its panel of insurers
The provider also works with Axa, Ageas, LV Broker, RSA and UK General.
Leisure Insure closes permanently
Updated: UK capacity was pulled last month as directors say they were not prepared to go offshore or use "obscure foreign markets".
Insurance Age Digital Edition: May - Adapting to change
The May issue of Insurance Age is available via digital platforms only due to Covid-19.
Covid-19: Hiscox BI pressure groups join forces
Hiscox Action Group and the Night Time Industries Association, representing more than 500 businesses, have agreed to work together to challenge Hiscox’s business interruption stance.
Brokers under threat in Covid-19 BI dispute
Experts have warned that business interruption could be “the next PPI for brokers “as FCA seeks legal clarity on BI wordings.