Efforts to establish an affordable flood insurance solution for small businesses are ongoing at industry and government level, despite concerns that creating a Flood Re type scheme for SMEs will be “fundamentally challenging”.
As at-risk residential properties await the April start of Flood Re, which officially launched its first transition plan last week, the verdict remains out on a similar scheme for SMEs. A government...
Paul Jardine has been named CEO of XL Catlin and Catlin Insurance Company UK syndicate, succeeding Andrew McMellin.
Venture Insurance has purchased Poole Martin which will see the company placing premiums of £13m per year.
There has been a 13% reduction in the amount of insurance fraud reported by the industry, according to government statistics.
The Association of British insurers has lost an appeal to government on the judicial review on changes to the discount rate for personal injury damages.