Travel insurance
Syndicate 1991 to go into run-off
The Lloyd's syndicate will stop writing business on 31 December in another loss for the liability market.
In-depth - Personal lines: Taking off after the pandemic
Covid-19 played havoc with the travel industry, but once the initial confusion passed, brokers found new ways keep people protected on their travels
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.
Tifgroup receives libel settlement and apology from The Times
The travel provider has settled with the national paper over “untrue” allegations it published in November 2018.
Saga confirms £150m capital raise and investment from ex CEO Sir Roger De Haan
Business also posts pre-tax loss of £55.5m for the first six months of 2020.
Saga announces £150m equity capital raise
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.
UK Broker Awards: Meet the Shortlist - Personal Lines Broker of the Year
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.
Ageas profit after tax slumps by half
The provider reported a result after tax of £22.8m compared to £45.4m in H1 2019.
AllClear launches travel package with Covid-19 cover
The product is backed by Mapfre and AllClear CEO Chris Rolland confirms it is available for other brokers to sell.
Jensten Group replace CEO Darling with Cega's Hardie
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.
Biba extends travel scheme with AllClear
The solution provides cover for customers who struggle to find travel insurance because of pre-existing medical conditions or age.
Covid-19: Total claims pay-outs expected to reach £1.2bn
The ABI says insurers are expected to pay £900m towards business interruption claims.
Covid-19: Expect £275m in travel payouts, says ABI
Industry body says the total will dwarf the £148m record reported in 2010.
Covid-19: FCA calls on insurers to treat customers fairly during crisis
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.
The Blog Spot: Navigating these strange times
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?
Travel brokers reveal mixed approach to coronavirus cover
InsureandGo says policies will not cover Covid-19, while Staysure continues to sell travel insurance and travel disruption cover.
LV suspends travel insurance due to Covid-19
Provider says existing customers will not be affected by the move.
Biba takes action on FCA coronavirus warning
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.
Cuvva's pay-monthly product aims to cut out brokers and aggregators
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.
Travel broker Staysure buys aggregator
The provider to the over-50s market has acquired a controlling stake in a price comparison website.
PSC Insurance Group buys Carroll Insurance Group for £3.4m
Deal sees CIG join the group's existing Carroll Holman Insurance Brokers business in London.
Plan Group interested in more deals after Pedal Cover buy
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.
Biba reveals 700,000 people have used signposting service
Insurance Cares: Signposting service for older customers has been renewed again following its launch more than six years ago.