Liability
Insurers could face £10m claim from paralysed female rugby player
A female rugby player has won compensation, which could reach £10m after a tackle from an opponent left her paralysed.
Opinion: Tips to get your clients’ claims across the line quickly
Getting claims paid is not as straightforward as it once was, according to Malcolm Harvey, founder and executive director of Qlaims. Here, he explains a few hacks that might at least help speed up settlements.
Covid and inflation costs bite as QBE International COR ticks up to 92.5%
QBE International has reported a combined operating ratio of 92.5% for 2022, which is up from 90.6% in 2021.
Allianz reveals £32m December freeze hit and CEO Holmes predicts rate hikes to continue
Allianz Holding has revealed the impact of the winter weather on its bottom line, as CEO Colm Holmes forecast that the Q3 and Q4 rating hikes would continue into 2023.
Meet the MGA: Fusion Specialty UK
As Fusion Specialty UK begins trading, managing partner Josh Cowen and partner Sam Shirley discuss why technology is key to their plans for the SME-focused mergers and acquisitions MGA.
Beazley launches private equity liability product
Beazley has rolled out a private equity liability insurance product designed to focus on the D&O risks within the long-term lifecycle of portfolios held by private equity firms.
AssuredPartners appoints Ben Crabtree as London MD
Ben Crabtree has been appointed managing director of AssuredPartners London. He will report to AssuredPartners International CEO David Heathfield.
TMK moves into life sciences with Intellimed product launch
Tokio Marine Kiln has launched its inaugural life sciences insurance product, Intellimed, staking a claim for a Lloyd’s market first.
Amazon partner Superscript raises £45m in Series B round
UK-based insurtech Superscript has completed a £45m Series B funding round led by existing investor BHL UK, owner of Comparethemarket.
The stats: Q3 - Feeling the squeeze as commercial continues to climb
Recent figures for Q3 from Acturis show policyholders remain under intense pressure as premiums rise across all business classes, reports Rachel Gordon
Products: December 2022
Product launches including cover for SMEs and contractors, residential property owners, renovation providers and a digital platform pilot.
In Depth: Niche lines - Helping out the third sector
With inflation running at more than 11%, the highest rate since 1981, the charity sector faces increasing demand for its services due to the cost-of-living crisis at a time when it is under immense pressure to keep its own operations intact. Ed Murray…
Brokers await imminent FCA ruling which is expected to trigger claims from IFAs
A Financial Conduct Authority ruling which could trigger professional indemnity claims from independent financial advisers is expected at any moment.
Ten ways to combat underinsurance
Brokers play a key role in helping businesses get the right amount of cover and in times of inflation, more than ever, this role becomes absolutely crucial in avoiding underinsurance, argues Nick Hobbs, chief distribution and regions officer at Allianz…
Insurers going back to basics on schemes - BLW's Brett Sainty
Following claims that schemes commission and volumes have dropped over the past 12 months, BLW Insurance Brokers’ CEO, Brett Sainty, told Insurance Age that insurers have gone back to basics when it comes to delegated authority partnerships.
Products: November 2022
Product launches including cover for smaller contractors, SME excess of loss, community enterprises and embedded scheme business
Commercial Express launches residential property owners scheme
Commercial Express has launched a residential property owners product, Let Secure, underwritten by Covéa.
Stark drop on most schemes at renewal and for commission earnings
Data provided by SchemeServe has revealed a considerable drop across the board on most schemes with the biggest falls being in cyber.
Servca buys healthcare insurance specialist
Lloyd’s broker Servca has bought Medicas, an independent health insurance specialist, for an undisclosed sum.
Marsh reports easing of UK commercial pricing rises
Commercial insurance pricing in the UK rose by 7% in the third quarter, according to research by Marsh.
Beazley teams up with fintech provider to expand broker schemes
Beazley plans to expand its schemes business with brokers using a fintech platform.
Ardonagh Specialty to buy Oxford Insurance Group
Ardonagh Specialty has signed up to acquire Lloyd’s broker Oxford Insurance Group.
Ecclesiastical swings to half year loss on investment returns
Ecclesiastical Insurance has reported a pre-tax loss of £27.3m for the first half of the year compared to a profit of £46.5m in the same period of 2021.
Jensten rolls out combined underwriting business
The Jensten Group has brought Policyfast, City Underwriters and Gresham Underwriting together under a single brand with the launch of Jensten Underwriting.