Insurer
FCA expands number of wordings under scope of BI test case
The regulator's updated preliminary list shows that the scope of the legal proceedings has been extended to cover a total of 91 policy types.
The Blog Spot: What are you doing to support Black Lives Matter?
The insurance sector is working to improve diversity but how is it changing beyond having conversations?
FCA turns focus to policy intention in Covid-19 BI battle
The regulator's particulars of claim for the test case stated that the defendants’ reasons for wordings are not relevant or admissible.
RSA exits single commercial vehicle market
Exclusive: Provider says single vehicle business is "no longer core broker territory".
TotusRe seeks proactive reinsurance solution for catastrophic risks
Founders James York and Liz Foster say collective is "complementary" to Pandemic Re with membership spanning global and regional brokers.
People Moves Round-up: 8 - 12 June 2020
Keep up to date with the latest people moves.
Momentum: AR model thriving during Covid-19 pandemic
Brokers are increasingly looking at striking out on their own despite the coronavirus outbreak.
Blog: PI under pressure
The evolving PI landscape presents significant challenges not just for insureds, but their brokers and insurers as well, says Danny French of Aqueous Underwriting.
Mishcon advances on Hiscox and QBE in Covid-19 BI rows
The legal firm is pursuing a £52m claim against Hiscox and planning its own test cases and representing dentists in dispute with QBE.
Government backs trade credit insurance with £10bn guarantee
The guarantees will support supply chains and help businesses during the coronavirus pandemic.
Redundancies for Markerstudy after pay cut row
The provider has blamed the impact of Covid-19 for the job cuts which follow reports of staff being forced to take pay cuts.
FCA confirms coronavirus product value guidance
The regulator expects all insurers and brokers to have taken necessary action by 3 December this year.
In-depth - business interruption: Relationship troubles
While public perception of insurance has always been poor, the situation around BI claims during the lockdown is damaging its reputation further. Martin Friel investigates the impact on brokers
Are you ready for Broker Extra?
A curated virtual event features top speakers, live webinars and a chance to network with state-of-the-art match-making technology.
Brokers welcome momentum for FCA BI test case
Pressure groups take different paths over whether to suspend their own legal proceedings while regulator's case goes forward as it is revealed three broker wordings from Pound Gates, Marsh and Gallagher will be assessed.
Staveley Head-linked Policyplan goes into run-off
One Sure which, bought the rights to the Staveley Head brand in April, has agreed to manage the Policyplan run-off.
Insurance Age Digital Edition: June - A balancing act
The June issue of Insurance Age is available via digital platforms only due to Covid-19.
Hiscox has highest number of policies highlighted by FCA test case
Seventeen wordings will be assessed as part of the test and the FCA list shows 34 Hiscox policies affected so far, as regulator says list is a "representative sample" which is "not comprehensive".
FCA names 16 insurers affected by BI legal test case
The watchdog expects the test case, to determine the validity of business interruption coronavirus claims, to be heard in the second half of July.
Former MP Amber Rudd joins ‘Pan Re’ committee alongside series of industry big hitters
Aon’s Julie Page and Marsh’s Chris Lay are to lead the distribution working group as Jon Dye also joins the Stephen Catlin-led organisation.
Insurance Covid-Cast episode 18: Brit head of innovation James Birch on digital Lloyd's start-up Ki's plan to be a top 10 syndicate by 2025
Ki, the new standalone algorithmically-driven digital Lloyd’s syndicate launched by Brit Insurance in collaboration with technology giant Google, aims to be a top ten player in terms of capacity by 2025.
Blog: What is the client view of broker commission?
IdRisk's Stephen Mooney responds to Mactavish's report on broker remuneration.
Ageas partners with Victor in £60m capacity deal
Agreement sees the insurer provide capacity for Victor's products across agriculture and the third sector over the next five years.
Covid-19: BSI launches guidelines for safe return to work
Body says document is sector neutral and aligned to and complement the UK government guidance.