Insurer
Blog: No end in sight to current lockdown adds to the stress for SMEs
Aviva’s Dave Carey discusses pandemic-related challenges for SMEs and what brokers and insurers can do to help.
IPT-threat level raised
The “soft target” tax is under threat amid economic uncertainty but the sector is still arguing for a cut or a freeze.
Zurich UK reports 75% fall in GI operating profit for 2020
Combined operating ratio for the UK business deteriorated to 97.8%, but GWP was up by 11%.
Aqueous unveils lockdown unoccupancy cover for retail and hospitality clients
MGA says cover will be triggered automatically in the event of a new lockdown of any duration, without the need for the broker to request it.
Inperio teams up with Thirdfort on solicitors' PI solution
New offering, which is distributed via brokers, will see Inperio offer reduced premiums for firms using Thirdfort's digital ID platform, with the aim to cut the risk of identity fraud.
Neil Robertson set for Canopius CEO role
Robertson joins from Axa XL as group deputy CEO and will become group CEO after a transition period, taking over from Michael Watson who will continue as chairman.
People Moves: 8 - 12 February 2021
The latest personnel changes in the insurance space.
Aviva expands broker apprenticeship programme
The provider is offering a job swap or placement to participants in the programme.
Intact's RSA takeover "on track" to complete in Q2 2021
RSA shareholders voted to approve the deal last month.
Blog: How can insurers support brokers and allow staff to work flexibly?
Zurich's David Martin reflects on how Zurich manages to balance the two as more providers move to flexible working for staff.
Iprism unveils e-traded excess of loss product for SMEs
MGA says new offering was developed in response to broker demand.
Ceta adds Ergo UK to insurer panel
Business says the move will strengthen its range and depth of cover within landlord insurance.
Markham teams up with AIG on crisis cover
The policy extension includes cover for criminal risks including abductions and blackmail, political risks such as terrorist attacks and war as well as catastrophic risks.
People Moves: 1-5 February 2021
Stay up-to-date with the top personnel changes in the insurance industry.
Covid claims push Beazley to $50.4m loss in 2020
COR deteriorates to 109%, but the provider says its outlook is positive as it also posts 19% rise in GWP.
CII survey reveals impact of Covid-19 on mental health
Head Lines: Body publishes good practice guidelines after a majority of insurance professionals say they have struggled with their mental health during the pandemic.
Pen Underwriting launches standalone terrorism product
MGA says the new offering is part of its strategy to broaden its product suite for UK brokers, as it works towards its £1bn GWP target.
LexisNexis unveils customer data management product
New offering pulls together data from multiple touchpoints, including quote, renewal and claims, to help brokers and providers build a comprehensive representation of their customer as well as find cross-selling opportunities.
Newcastle-based MGA Generation bought by Arden UW
The combined group, part of Belfast-headquartered Willis & Company, will trade under the Generation brand and plans to expand its footprint across the UK.
Government seeks views on changes to Flood Re
The proposals include giving Flood Re the ability to offer discounted premiums to households that have fitted flood resilience measures to their property.
News analysis: Brokers warn of confused clients and damaged reputations after BI test case judgment
Industry reacts to Supreme Court’s decision to dismiss insurers’ appeals in FCA BI test case
FCA launches policychecker for BI customers
The regulator has developed the tool to help policyholders find out if their wording is affected by the Supreme Court's coronavirus ruling.
Markerstudy "keen to get back on the acquisition drug" after £200m investment
Group underwriting director Gary Humphreys says funding agreement led by Pollen Street Capital restructures the MGA's debt and opens the business up for making further deals.
Q Underwriting launches property and package division
The line is supported by capacity from Ergo UK Specialty which is part of Munich Re.