The economic secretary to the Treasury tackled insurance premium tax, broker Financial Services Compensation Scheme levies, cladding, Brexit and more in his keynote address to the British Insurance Brokers’ Association’s 2021 conference yesterday.
FCA figures show interim payments of £268.2m and final settlements of £433.1m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,912.
Guthrie most recently worked as head of HNW distribution at Covéa.
The move follows difficulties accessing the virtual conference platform yesterday.
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.
Phil Barton attacks scale-led consolidation and warns broking is “in a dangerous place” as an expert panel including Aon’s Julie Page, A-Plan’s Carl Shuker and Atlanta’s Ian Donaldson consider the future in a session chaired by Brokerbility’s, Ashwin…
Delegates are unable to log in to the platform as the trade body blames wider server issues and apologises for the problems.
McGinn discusses exiting certain trades amid a hard market, changing broker wordings after the Supreme Court judgment in the FCA test case and what is next for Allianz in the UK.
Up to 115 staff across a number of sites will be affected as the insurer looks to automate and outsource.
The initiative has been developed to drive professional development for UK brokers and sits alongside the newly-developed Axa XL Broker Academy.
Dave Ovenden, of Willis Towers Watson, considers how the industry can ensure commercial cover isn't left behind amid the tech revolution.
Hayley Robinson will be heading off to Switzerland to start as group chief underwriting officer in June.
The provider has also released its Q1 results, revealing a combined operating ratio of 86%.
The regulator brought the case to provide clarity for policyholders on payment of business interruption claims arising from the pandemic and subsequent lockdown.
The facility, which was developed in response to changes in insurer appetite due to the pandemic, will connect brokers and MGAs looking for capacity for new or existing schemes to a panel of providers including Axa, Ecclesiastical, Hiscox, Arag, and Pen…
Managing director Jaime Swindle talks to Insurance Age about the network's newly created brand, details its new proposition, and explains why networks are an upward trend.
The latest recruitment news from around the industry
The Aviva team highlights key findings from its Risk Insights report and outlines the danger points, from Covid to mental health problems
The Ardonagh-owned business, which includes Broker Network and Compass, says the new structure will help grow, protect and support members as they adapt to industry pressures.
The legal indemnity specialist, which had been working with around 80 brokers, says it has decided to revert to a sole focus on solicitors.
Mulsanne launched a case against the start-up in March this year and is seeking to claim £39m in damages.
In a quarterly series, the team at PKF Littlejohn consider the impact of Brexit on UK insurance. In this first post, Howard Jones takes stock of where we are now.
The key job changes in the world of insurance this week.
The MGA has teamed up with Accredited to expand its home insurance offering.