Insurer
Blog: What challenges await new Aviva CEO Amanda Blanc
It is early days yet, but new CEO Amanda Blanc is certainly talking the talk when it comes to turning around Aviva. Insurance Age content director Jonathan Swift outlines where the battle could be won when it comes to her being considered a success or…
Chubb flags huge Covid-19 losses
The global insurer has estimated a $1.36bn hit arising from Covid-19.
Pikl moves forward with property and vehicle MGA
The sharing economy specialist has secured capacity from Accredited Insurance.
Insurance Covid-Cast: Future of Insurance Work - What do millennials want from their employers; and has it shifted due to Covid-19?
For the 32nd episode of Post and Insurance Age’s video series we gathered together a panel to discuss how millennials have experienced lockdown and what temporary practices they would like to see made permanent.
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Blanc flags radical action as she steps into Aviva CEO role
The newly appointed leader wants to direct change at pace at the insurer and does not rule anything out.
RSA walks back on Marsh criticism in FCA's BI test case
As RSA changed its mind on part of its argument that drew criticism from Marsh, the Financial Conduct Authority said insurers were failing to take account of “the true nature of the insurance provided” in its business interruption test case, according to…
Pen Underwriting reveals £1bn GWP target
Exclusive: The Gallagher-owned MGA sets out its new strategy as it unveils plans to grow by acquisition and expand into new product areas.
Amanda Blanc replaces Tulloch as Aviva CEO
Maurice Tulloch has retired for family health reasons.
Arag posts turnover rise for 2019
But the business also saw a fall in profits as MD Tony Buss says provider has revised its expectations for 2020 due to the pandemic.
FSCS "standing ready" to deal with customer impact from Gefion
COO Jimmy Barber discusses Gefion's solvent run-off, previous insurer failures including Alpha and Enterprise, and why he believes brokers are integral to the Scheme.
People Moves Round-up: 29 June - 3 July 2020
Keep up to date with the latest people moves.
Lloyd's proposes solutions for non-damage BI cover
The insurance market has revealed a number of frameworks to help tackle the coronavirus crisis as well as future systemic catastrophes.
CFC expands its transaction liability range
The product is aimed at businesses pursuing small portfolio add-on acquisitions that may otherwise go uninsured.
Aviva suspends Facebook ads amid hate speech row
The insurer is the latest large firm to pause advertising on the social media platform which has been accused of not doing enough to address hate speech.
UK profit for Ecclesiastical slips to £20.4m
The results for 2019 showed a decrease in profits but GWP grew by 3.6% to £257m as broking division makes a loss.
Gefion enters liquidation after it loses insurance license
The troubled Danish provider says it is "disappointed" after Danish regulator refuses three-month extension to its recovery period forcing it into run-off.
Car premiums fall in Q2 amid Covid-19 lockdown
Consumer Intelligence says average motor premiums fell by 1.4% in the last three months, most likely as a result of fewer people driving during the pandemic.
MGAA names ex-One Commercial boss Mike Keating as new MD
Keating will take over from outgoing MD Peter Staddon in September.
Insurers accused of ‘dragging feet’ as extra FCA BI September trial dates mooted
The eight insurers involved in the case are still on the hunt for their own expert evidence as a second trial in September is looking increasingly likely.
FCA BI test case ‘clear and present danger’ to brokers
Experts warn that brokers could find themselves under fire as insurers lean in intermediaries in defences.
Action Groups get go-ahead to intervene in FCA BI test case
Groups formed against Hiscox and QBE will “closely liaise” with the FCA but are not permitted to increase the scope of the test case.
Marsh bites back as RSA alleges it is on the hook for wording in FCA BI test case
Marsh has disputed RSA allegations its clients should be liable for brokered policy contract issues in the Financial Conduct Authority’s business interruption test case, as brokers were dragged into the ongoing proceedings.
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.