QBE Insurance Group
Marsh bites back as RSA alleges it is on the hook for wording in FCA BI test case
Marsh has disputed RSA allegations its clients should be liable for brokered policy contract issues in the Financial Conduct Authority’s business interruption test case, as brokers were dragged into the ongoing proceedings.
Insurers lock horns with FCA in BI test case defences
Brokers brought into fray as providers file a variety of defences including proximate cause and the ‘Sweden defence’ in the landmark case to determine the validity of BI claims arising from the coronavirus pandemic.
BI Test Case: Hiscox argues business hardship likely even without lockdown
Hiscox aims to compare Covid-19 economic hit to Sweden and ‘draconian’ UK in Financial Conduct Authority BI test case.
FCA expands number of wordings under scope of BI test case
The regulator's updated preliminary list shows that the scope of the legal proceedings has been extended to cover a total of 91 policy types.
Mishcon advances on Hiscox and QBE in Covid-19 BI rows
The legal firm is pursuing a £52m claim against Hiscox and planning its own test cases and representing dentists in dispute with QBE.
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".
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.
Aviva joins string of insurers under attack in Covid-19 BI dispute
Law firm Mishcon de Reya names Aviva and QBE and is in discussions with third party funders to fund the litigation on behalf of hospitality sector which it expects to move forward by 10 June.
Covid-19: QBE latest provider facing legal action after denying BI claims
Simon Sloane, partner at law firm Fieldfisher, says over 40 policyholders in the dental sector are interested in pursuing action.
Covid-19: Hospitality group forms to fight insurers over BI
The group is being advised by Mishcon de Reya and will look into claims denied by any number of insurers naming Axa, China Taiping, RSA, Touchstone, and Zurich but excluding Hiscox.
Insurance Covid-Cast - episode four: How insurance companies are rising up to help communities and keep society open during the Coronavirus crisis
In the latest episode of Insurance Post and Insurance Age’s new series of video casts brought to you while our journalists are in isolation lockdown we discuss how insurance companies are seeking to make a difference within local communities during…
QBE's Pryce to retire at end of 2020
Jason Harris joins from Axa XL and will succeed Pryce as CEO of QBE International.
Q&A: Polaris managing director Vivek Banga
Polaris celebrated 25 years last year and also had a MD change with Vivek Banga taking the top spot. Banga catches up with Jonathan Swift about the future of e-trade and the role brokers can play.
QBE to close UK offices in coronavirus stress test
Insurer pledged no business interruption as it plans for employees to stay home on Wednesday 18 March.
QBE International posts rise in GWP but fall in underwriting result for 2019
The division, which includes its UK business, also saw an improved combined operating ratio of 95.4%.
Latest Ogden rate change will cost the industry over £160m
Insurers have revealed the impact from the change in the discount rate to -0.25%.
QBE expects Ogden hit of $62m
Provider reveals a flat GWP and an improved COR of 94.3% in its international division, which includes the UK, for the first half of 2019.
IFB launches counter fraud database
Platform goes live with eleven insurers and will hold industry data on suspected fraudsters and professional enablers.
#Insagepeople 20-24 May 2019
Stay up to date with the latest people moves.
In Person: Simon Cooter and Carolyn Callan, Covéa
On the 1st May Simon Cooter effectively handed over the commercial and high net worth director baton at Covea to Carolyn Callan and became in his words ‘minister without portfolio’. At last week’s British Insurance Brokers’ Association Conference…
Esure hires former Aviva UKGI boss David McMillan as CEO
McMillan joins the provider from QBE and replaces Stuart Vann who left the business in January 2018.
Quizzical questions: 3 May 2019
Test your knowledge of the week's news with our topical news quiz.
QBE adds live chat feature to its FastFlow platform
Provider says feature allows brokers to get questions answered more quickly.
Insurance Cares: Sector commits to second Day of Giving
The Day, designed to raise funds for dementia research raised £70,000 in 2018.