Insurer
Broker NDML and night time industry agree £5.2m BI claims settlement with Hiscox
The settlement follows on from the Supreme Court judgment in the FCA's BI test case in January.
Allianz commits to continued broker focus after restructure
Provider says split into distinct personal and commercial businesses will not result in any redundancies.
FCA pledges to be tough and take action as it publishes 2021/22 Business Plan
Watchdog to focus on innovation and tackling misconduct as it aims to to become a "forward-looking, proactive regulator".
Marshmallow denies trying to "dump" clients in legal spat with Mulsanne
Mulsanne launched a case against the start-up in March this year, accusing it of misusing confidential information and stealing trade secrets.
Aioi Nissay Dowa Europe partners with ibott for shared mobility products
The collaboration is said to focus on insurance solutions for non-owned fleets in areas such as peer-to-peer vehicle sharing, on demand delivery, ridesharing, vehicle leasing, micromobility, and autonomous vehicles.
The Blog Spot: The pay as you go bonanza
Are motor brokers going to listen to their customers?
Allianz reveals restructure
The move sees Steve Treloar become CEO, Allianz Personal and Simon McGinn become CEO, Allianz Commercial, as the provider announces a number of senior exits including Sarah Mallaby, Neil Clutterbuck and Chris Little.
Hedron adds Zurich to panel
The move follows Markel joining the panel of the Global Risk Partners network last month.
FCA data shows Covid BI claims payments now total £875.5m
Updated figures reveal providers have made initial payments for unsettled claims worth £308.9m and final settlements worth £566.6m since the Supreme Court verdict in the FCA test case.
People Moves: 12-16 July 2021
Stay up-to-date with the latest job changes in the world of insurance.
Brokers predict rise in consolidation among niche players
Research from Ecclesiastical reveals the biggest threats specialist brokers are facing as well as why they believe being niche gives them a competitive advantage over other brokers.
Global industry leaders set up the Net-Zero Insurance Alliance
According to the Net-Zero Insurance Alliance, insurers and reinsurers will individually set science-based targets every five years and report on their progress annually.
Motor premiums drop 8.4% year-on-year
Data from Consumer Intelligence also suggested the FCA dual-pricing regulation would see the industry experience a hard market once more.
FCA fines Lloyds Bank £90.7m for failings in home insurance renewal letters
The regulator says LBGI sent renewal communications including misleading language between 2009 and 2017.
Client money rules 'too complicated to understand', say compliance experts
Specialists have discussed the issues surrounding client money handling, highlighting what the Financial Conduct Authority and brokers ought to do in order to avoid non-compliance.
UK boss Middle lifts lid on Ageas's restructure and job cuts
Ageas's Ant Middle and Adam Beckett discuss the provider's strategy change in response to shifts in customer behaviour, and the FCA's dual pricing ban, as the insurer aims to hit £1.5bn in GWP.
Video: Aviva Q&A - Everything you need to know about supply chains
Aviva's Peter Holmes goes into detail about the issues affecting supply chains and shares what this means for insurance providers.
Marshmallow awarded costs as court battle with Mulsanne continues to rage
The insurtech start-up was also ordered to provide information ahead of a trial later this year in a legal case that centres around Mulsanne accusing Marshmallow of stealing trade secrets.
Biba launches home insurance scheme
Biba has stated that the scheme offers comprehensive cover, including unlimited buildings cover and £80,000 of contents cover with a single unspecified item limit of £5,000.
Blog: M&A insurance offers brokers growing opportunities in SME
Brokers should consider how many businesses are bought and sold each year as the SME deal insurance space is valued at £1.5bn per year.
Covid prompts rise in broker demand for digital training
Axa's Ken Wright discusses the challenges brought on by remote working and how brokers can adapt to a digital environment.
Ageas confirms job cuts in Bournemouth
Provider says the decision follows a shift in how customers want to interact with the business and that no broker-facing roles are affected.
People Moves: 28 June- 2 July
Stay up-to-date with the latest job changes in the world of insurance.
Aviva to invest millions in GI growth
The new UK GI CEO, Adam Winslow, highlights broker support as he flags “millions” in investment going forward as the insurer focuses on growing GI’s role within the group.