Insurers’ repeated argument that policies were not intended to cover pandemics has been described as “a diversionary tactic” on the third day of the Financial Conduct Authority’s business interruption test case.
The deal is S&G's first after it was formed in March 2020 with the aim to support smaller brokers.
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
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On the second day of the Financial Conduct Authority’s business interruption test case, the regulator’s lawyers argued there are key issues with the Hurricane Katrina Orient Express judgment insurers are expected to lean on during the case.
The regulatory body must make a decision on whether to refer the merger for further investigation by 16 September this year.
He replaces John Bibby, who has stepped down from the business but remains a shareholder.
Premium Finance Week: Close Brothers, Paul Trail and Steve Wallis reflect on how brokers have responded to the challenge of Covid-19.
The product is backed by Mapfre and AllClear CEO Chris Rolland confirms it is available for other brokers to sell.
It was confirmed up to 370,000 policyholders may be affected by the test case which aims to decide on the validity of business interruption cover during the coronavirus outbreak.
The SME specialist says existing customers remain covered as it confirms it closed on 17 July.
Welsh broker also reveals turnover increase as CEO Rhys Thomas states the company is "confident" it will emerge from the Covid-19 crisis stronger than before.
Premium Finance Week: As we kick off a partnership looking into the premium finance space alongside Close Brothers, the CEO, Sharon Bishop shares her take on the business outlook amid coronavirus.
CFO Ryan Brown says the consolidator has a "very healthy pipeline" of future acquisitions, as PIB's GWP hits £986m.
The regulator has published a consultation paper on amending its rules in the wake of coronavirus.
A joint skeleton argument attacks the FCA’s stance that SME customers are not sophisticated insurance buyers because they used brokers and slams Contra Proferentem as “restrictive” and “out of step”.
Prices fell by 5% in the last quarter according to the Confused/Willis Towers Watson index.
Keep up to date with the latest people moves.
Defendants in the Financial Conduct Authority’s BI test case warn providers could be liable for losses they never agreed to cover.
The trade body said in its accounts that it was “indemnified against significant financial loss” and is now looking at how it can host future events.
The Brolly team, including founder Phoebe Hugh, is set to move across to Direct Line once the deal is completed.
Ignite Insurance Systems' Toby MacLachlan on why brokers should upgrade their policy management systems to operate better in the 'new normal'.
HTC Associates, based in Derbyshire, brings around £5m in GWP to Jensten.
The move, announced in June, brings Broker Network back into the fold as Ardonagh confirms £300m war chest to fund future deals.