Insurer
Insurers lock horns with FCA in BI test case defences
Brokers brought into fray as providers file a variety of defences including proximate cause and the ‘Sweden defence’ in the landmark case to determine the validity of BI claims arising from the coronavirus pandemic.
Hiscox Action Group attempts to join FCA BI test case
Group u-turns on desire to be part of FCA case as Hiscox continues to assess its separate arbitration claims.
Beazley launches cancellation cover for virtual events
Provider predicts virtual events will continue after Covid-19 lockdown eases.
Euler Hermes hires new RICC director for UK and Ireland
Andrew Hodson moves across from the Allianz-owned insurer's Paris office.
UK General returns to Primary Group
The organisation sold UK General to JC Flowers back in 2017 and the fresh deal sees management changes.
NMU unveils new cargo product
Insurer says new offering provides enhanced levels of cover and a simplified claims process for the lower value losses.
FCA announces permanent CEO
Nikhil Rathi joins from the London Stock Exchange and will be paid £455,000 a year.
Ex RSA Ireland CFO O'Connor fined €70,000 and banned for 8 years
Action follows the provider's failure to maintain sufficient technical reserves between February 2010 and September 2013.
UK Broker Awards: Shortlist revealed
The event received more entries than ever before as Insurance Age celebrates the best in broking.
Broker Week: Getting on with it
As part of Applied Broker Week, Biba's Graeme Trudgill stands up for the brokers who have worked through the Covid-19 crisis with aplomb and insight.
Markel International ditches lines to focus on entertainment
The specialist insurer will no longer write personal accident or contingency insurance, partly due to the impact of Covid-19, with redundancies expected.
Covid-19: PRA warns of potential "significant impact" on insurers from BI dispute
But the regulator also describes the sector as resilient and robust in a letter to general insurance CEOs.
Lloyd's and RSA apologise for slave trade links
Lloyd's pledges support for BAME communities as it condemns "appalling and shameful" part of its history.
Axa XL boosts UK broker management team
Michael Clarke joins the business from Willis Towers Watson and Robyn Warke moves across from Generali.
CII reports income rise for 2019
Organisation has also seen an increase in membership volumes.
RSA's single commercial vehicle exit sparks mixed reactions
RSA criticised for "abandoning the broker sector" after provider says single vehicle business is "no longer broker territory" as brokers refuse to give up on the space.
Insurers and FCA butt heads on pandemic spread analysis in BI case
Insurers’ counsel have decried the Financial Conduct Authority’s intention to use the “controversial” Cambridge analysis of Covid-19 spread in its business interruption test case, as representatives warned another trial might be needed to iron out…
BI Test Case: Hiscox argues business hardship likely even without lockdown
Hiscox aims to compare Covid-19 economic hit to Sweden and ‘draconian’ UK in Financial Conduct Authority BI test case.
Open GI teams up with Plum Underwriting on home product
The software house says the partnership provides brokers with access to the latest home products from Plum.
Pen partners with the police on cyber certification scheme for SMEs
The Gallagher-owned MGA says SMEs who achieve the certification and then buy cyber insurance from Pen through their broker will receive a premium discount.
Covid - 19: Action group hits Hiscox with £40m arbitration claim
Hiscox Action Group wants a former Court of appeal Judge to act as sole arbitrator as Covid-19 business interruption dispute continues.
Ageas hunts new distribution chief as Middle makes first moves as CEO
Ageas’ new UK CEO Ant Middle, pictured, is reintroducing a group wide distribution director as part of his first major moves since succeeding Andy Watson in April.
Blog: Reimagining the future
Coronavirus, the business interruption insurance row and black lives matter protests all present challenges for the insurance sector. The Chartered Insurance Institute's CEO Sian Fisher explores what the way forward as part of the Applied Broker Week.
British dentists questions wordings included in BI test case
The British Dental Association has written to the Financial Conduct Authority to highlight “questionable” wordings not included in the coronavirus BI test case.