The top five stories of 2021

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Insurance Age lists the five news stories that have been most popular this year, including updates on the BI saga, Intact's RSA takeover and David Williams' exit from Axa after 41 years.

5. Prometheus Insurance falls into administration 

Gibraltar-based insurer Prometheus, also known as Tradewise Insurance Company, went into run-off in 2020, and in January this year it was announced that the business could not meet claims in full.

The Financial Services Compensation Scheme (FSCS) declared that the provider failed on 27 January 2021.

Prometheus sold liability, bicycle and a range of motor insurance products including motor trade, haulage

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ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.

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