News
Q&A - Michael Rea
The CEO of UK retail, Gallagher weighs in on a turbulent 2020 and looks ahead to next year.
Lloyd’s and Parsyl launch insurance for distribution of Covid-19 vaccines
Public-private collaboration, including 14 global (re)insurers, addresses critical risks faced by Covid-19 vaccines and other health commodities during distribution
FCA bares teeth on insurance product value as it launches thematic review
Brokers have just three weeks to respond to the watchdog as it zones in on Covid-19 response, product value and customer service.
BI test case Supreme Court judgment expected next year
The FCA has said that no judgment will be handed down before January 2021.
Fresh sellers hit back and deny misleading Kingfisher
The group issued a raft of denials and counter claims following Kingfisher accusations of misconduct, data breaches and misuse of the MyLicence platform.
CFC updates UK terrorism and sabotage product
The policy now provides cover for loss of attraction and loss of rent or business interruption sustained in the event of a threat of terrorism or sabotage, as well as bodily injury and property damage liability.
Increases in insolvencies, cyber-attacks and litigation named as top threats for D&Os
AGCS says the pandemic has made the D&O insurance market an increasingly difficult space, with more insolvencies predicted for the first half of 2021.
Hiscox confirms CFO
Tom Shewry has been confirmed in the role.
Silence on rumoured Gallagher/Bollington deal
Gallagher declined to comment on reports that it was in advanced discussions with the Manchester-headquartered business.
People Moves: 14 - 18 December 2020
It may be nearly Christmas but there are still job moves to announce.
GRP buys digital commercial broker
Poole-based Insync has joined the GRP portfolio for an undisclosed sum.
Q&A - Pen Underwriting's Tom Downey
The CEO of Pen Underwriting discusses the impact of 2020 and looks ahead to a brighter 2021.
Biba launches young broker committee
The panel will provide market intelligence on emerging trends to help shape Biba policy.
FCA consults on how best to prove presence of Covid-19
The regulator is asking for comments by 18 January 2021 and says it does not expect this aspect of the BI court case to be affected by Supreme Court BI appeals.
Alison Meckiffe steps in as Endsleigh CEO
Meckiffe replaced Jeff Brinley who recently joined Be Wiser as chief financial officer.
FSCS begins payments after East West failure
A mystery third party has also offered to make a material financial contribution to the company.
Let Live Thrive highlights event insurance threat
The campaign, alongside EC3 brokers and Hiscox, has written to the Secretary of State for Culture, Media & Sport, calling on the government to underwrite events contingency cover post-Covid.
Broker asks to face jury on sexual assault charge - report
Partners& and CGI boss, Dan Wilkinson has requested a jury trial as magistrates hear he allegedly "grabbed a woman's bottom and crotch".
Video: People and talent
Open GI CEO Simon Badley talks to Insurance Age about nurturing talent.
Principal takes tech step with emotion detecting AI software
The specialist motor broker has teamed up with two tech providers to deliver the data analytics.
Axa’s defence in legal spat with property investor “untenable” say claimants
Martin McKeague, representing Aubrey Weis, says allegations made in Axa’s defence documents would have “huge ramifications” on the insurance industry.
Zego buys telematics firm
The motor provider has added Drivit to its portfolio as it seeks to shake-up commercial motor cover.
CPC replies after Lockton denies fraud allegations
Property investor Aubrey Weis to rely on admissions made by Lockton in its defence documents at trial, after the broker admitted that a certificate of insurance for the 2019/20 policy year had been issued containing an error.
Markerstudy's still in talks for commercial lines capacity deal
Group underwriting director Gary Humphreys says that the provider is speaking with a new carrier after it was forced to go "on hiatus" for new quotes in commercial lines almost a year ago.