News
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.
Insurance Covid-Cast: Insurtech 100 special - Lemonade CEO Daniel Scheiber talks AI, European expansion and IPOs
The CEO and co-founder of Lemonade has declared younger IPOs better for the long term viability of new technology businesses because it prevents them getting stuck in a state of ‘protracted adolescence,’ comforted by the ‘cocoon’ of private equity.
Blog: The MGA opportunity
Janthana Kaenprakhamroy, of MGA Tapoly, addresses how managing general agents might be able to help brokers solve some of the key problems the market faces in the wake of coronavirus.
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.
By Miles teams up with Broker Network
The pay-by-mile brand is now working with the network to offer its product to a wider audience and members will gain access to the products over the next few weeks.
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.
Suspected ‘ghost broker’ under arrest
Police arrested a man yesterday (27 May) for selling fraudulent car cover and offering it to NHS workers at a discount.
Scam FCA email targets brokers
Compliance organisation RWA warned clients of a compliance survey email claiming to be from the regulator.
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.
Insurance Covidcast episode 17: As coronavirus hits has Brexit planning fallen by the wayside?
Our expert panel warns that brokers with EU trade who haven't acted already may have left it too late.
Brit enters HNW market with Private Client launch
The division has been launched with Tara Parchment, formerly of Chubb, at the helm.
Deal opportunities grow for Towergate as brokers seek to sell amid pandemic
Towergate’s Joe Thelwell discusses the broker’s Q1 2020 deals and reveals he is receiving calls from brokers wishing to sell as coronavirus exacerbates the hardening market.
Public trust in insurance was up before Covid-19 hit
CII survey shows SMEs and consumers valued loyalty over knowing what an insurance policy covered and excluded, as body suggests experiences with claiming for coronavirus-related losses will impact trust in the sector.
Insurance Covid-Cast episode 16: “From feast to famine in ten days” – How the travel insurance sector is dealing with the Coronavirus with no sales
In the latest episode of Post and Insurance Age’s video series we gathered together a group of travel insurance experts to discuss how the travel insurance sector is coping with a “tsunami of claims” and whether it will bounce back post-pandemic.
Blog: Private prosecutions in the fight against insurance fraud
Law firm EMM reports that £1.2bn in dishonest claims were recorded in 2018 and details how providers are hitting back.
Axa to pay French Covid-19 BI claims after court ruling – reports
Updated: The insurer will pay out to restaurants following a court decision that it must pay one owner two months worth of coronavirus-related cover.
Blog: An underwriter's guide to developing a scheme
Ecclesiastical's Will Browne, outlines the key steps for successful delegated authority.
Head Lines: Mental health support for insurance workers
As Mental Health Awareness Week draws to a close Insurance Age asks what employers are doing for the people keeping the industry moving as they cope with Covid-19.
RSA and Hiscox face new group action in Covid-19 BI legal row
Law firm Edwin Coe is advising two groups of businesses who have had their BI claims rejected by Hiscox and RSA.