The Lloyd's syndicate will stop writing business on 31 December in another loss for the liability market.
Covid-19 played havoc with the travel industry, but once the initial confusion passed, brokers found new ways keep people protected on their travels
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.
The travel provider has settled with the national paper over “untrue” allegations it published in November 2018.
Business also posts pre-tax loss of £55.5m for the first six months of 2020.
Former owner and CEO, Sir Roger De Haan, is expected to invest up to £100m in the business as he returns to the board as non-executive chairman.
In the run up to the 2020 UK Broker Awards Insurance Age is profiling all the shortlisted firms and individuals, with today’s focus being The Personal Lines Broker of the Year.
The provider reported a result after tax of £22.8m compared to £45.4m in H1 2019.
The product is backed by Mapfre and AllClear CEO Chris Rolland confirms it is available for other brokers to sell.
Cega Group chief executive Alistair Hardie is to replace Bob Darling as CEO of Jensten Group, the broker has announced.
Insurance Covid-Cast episode 16: “From feast to famine in ten days” – How the travel insurance sector is dealing with the Coronavirus with no sales
In the latest episode of Post and Insurance Age’s video series we gathered together a group of travel insurance experts to discuss how the travel insurance sector is coping with a “tsunami of claims” and whether it will bounce back post-pandemic.
The solution provides cover for customers who struggle to find travel insurance because of pre-existing medical conditions or age.
The ABI says insurers are expected to pay £900m towards business interruption claims.
Industry body says the total will dwarf the £148m record reported in 2010.
Regulator sets out expectations amid coronavirus for travel, motor and home insurance, product suspensions and renewals as it highlights the important role of the broker in helping vulnerable customers.
We’re already seeing travel cover suspended and confirmation BI isn’t covered for Covid-19. What might this mean for the future of insurance and trust in the sector?
InsureandGo says policies will not cover Covid-19, while Staysure continues to sell travel insurance and travel disruption cover.
Provider says existing customers will not be affected by the move.
The trade body has pledged to support members as the regulator insists all firms must have contingency plans in place to deal with major issues such as Covid-19.
InsurTech Futures: Start-up has also raised £15m, with Lloyd's of London chairman Bruce Carnegie-Brown and JLT CEO Dominic Burke among the backers.
The provider to the over-50s market has acquired a controlling stake in a price comparison website.
Deal sees CIG join the group's existing Carroll Holman Insurance Brokers business in London.
Ryan Georgiades, chairman of Plan Group, has listed several business lines that it might be interested in buying a broker in, this included niche leisure, motor, travel, home and commercial property.
Insurance Cares: Signposting service for older customers has been renewed again following its launch more than six years ago.