coronavirus
Home insurance to “scrape a profit” in 2020
Poor weather threatened revenues but the fall in claims due to lockdown has lowered costs, but analysis paints a stormy picture for 2021.
Aston Lark posts growth in turnover and Ebitda in 2019
The group now employs over 900 people in 30 offices across the UK and Ireland, placing £440m of gross written premium.
BI dispute: RSA won't appeal on Resilience and two Eaton Gate wordings
The insurer is not challenging the judgement on three wordings as the coronavirus business interruption proceedings head to the Supreme Court.
Liberty Specialty Markets launches video platform for brokers
Provider says Liberty Virtual Rooms will help it build relationships with brokers and was launched in response to the decline in face-to-face meetings as a result of the pandemic.
Video: Adapting and thriving amid Covid-19
Matt Field of Direct Insurance London Market talks to Jonathan Swift about how brokers have responded to to coronavirus.
In Person: Andrew and Richard Bartlett
Bartlett Group’s joint MDs tell Insurance Age about the history of the family business, plans for the future and what it felt like to win at the 2020 UK Broker Awards.
Abrams Insurance reports growing GWP in its first year
MD Barry Abrams discusses the broker's progress since its launch in September 2019.
Insurance investor backs Let Live Thrive events cover initiative
John Kinder is spear-heading a public private initiative developed to help the hospitality industry get cover following the coronavirus pandemic.
Bollington reports profit and turnover surge
Turnover shot up to £23.6m in for the year ending 31 December 2019 from £14.4m the previous year and the broker flags £24m bank loan for deals.
Video: Broker service amid Covid-19
Markerstudy's Gary Humphreys discusses how brokers responded to the challenges of the pandemic.
Video: Lorega addresses Covid-19 response
Andrew Kilgour talks to Insurance Age content director Jonathan Swift about the insurance reaction to coronavirus.
Blog: The post-Covid landscape for broking? It’s too early to tell
Paul Trail, of Close Brothers Premium Finance, consider how the broking landscape might change as we move beyond coronavirus.
Insurtech Cloud Insurance hires ex-Scheme Serve director for UK launch
Norwegian-based insurtech start-up Cloud Insurance has opened a UK office and is targeting brokers, MGAs and insurers working in niche sectors such pet and health/well-being.
Pressure groups’ fury at Supreme Court BI appeals
Eight parties in the FCA business interruption court case have been allowed to leapfrog appeals to the Supreme Court as QIC Europe is denied right to join the test case and Ecclesiastical withdraws.
Brokers on alert as FCA puts client money under the microscope
In a fresh dear CEO letter to brokers, interim CEO Christopher Woolard warns that the regulator is assessing firms’ arrangements and tells brokers it is imperative to safeguard the client money they hold for customers.
Blog: The digital path forward and planning for the new normal
Applied systems’ Andy Fairchild looks at how brokers can move forward in a world reshaped by Covid-19.
FCA prepares appeal after it fails to reach agreement with insurers in BI test case
Regulator says it will continue discussions with insurers and action groups to find a solution for the outstanding issues as soon as possible.
FCA and insurers apply to leapfrog appeals to Supreme Court in BI test case
Regulator says discussions between the parties involved in the case continue ahead of the next hearing on 2 October, as the watchdog along with seven insurers file "precautionary" applications to skip Court of Appeal.
Ardonagh reports adjusted Ebitda of £99.9m
The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.
Hiscox urged to start paying BI claims after test case judgment
The night life industry and broker NDML call on the provider to "accept that the time to pay has arrived" in open letter to Hiscox MD.
Parametric insurtech FloodFlash targets bigger risks with new launch
Insurtech FloodFlash has launched a new iteration of its parametric commercial flood insurance designed to support risks and portfolios where the flood premium is between £20,000 and £1m annually.
Beazley revises Covid-19 claims estimate up to $340m
This is up from April’s $170m prediction, however, the insurer said it did not expect the outcome of last week’s FCA business interruption judgment to have a material impact.
FCA orders insurers to take action on BI claims
Interim CEO Christopher Woolard sets out the regulator's expectations after the High Court handed down its judgment in the BI test case last week.
Brokers believe BI dispute is "far from over" after test case judgment
Experts discuss next steps for brokers, industry reputation and expectations from clients after the High Court delivered an outcome that differed across the policy wordings under scrutiny.