Contingency
Axa’s schemes directory; McLarens’ UK entertainment team; Markerstudy rebrands broker platform
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Review of the Year 2022: Claims and Legal (part one)
Senior claims figures look back on 2022 and reflect on what 2023 might bring.
For the record: Lemonade joins the ABI; Lexis Nexis expands to Ireland; Jensten acquires Bennetts
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Industry responds 'sensitively' to event cancellation in wake of Queen’s death
Organisers have seen many of their events cancelled since the Queen passed away earlier this month, despite clear guidelines from the government. However, the insurance industry has responded to these cancellations with sensitivity
Analysis: Revisiting the government’s Live Events Reinsurance Scheme
The government-backed scheme is set to expire at the end of September, following months of waning interest from event organisers in the cover it was set up to provide.
British Insurance Awards 2022: Major Loss Award: QuestGates – Hyperion Adjusters Division
Under extreme time pressure, Hyperion’s handling of the single largest loss in the global contingency market made them a clear winner in this category.
Tower Brook acquires Premium Credit; ABI reports motor premiums have fallen 5% in Q1; Aston Lark buys UK Global; and Seventeen snaps up broker
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Clyde & Co merges with BLM; Beazley unveils underwriting structure; KGM buys Eridge Underwriting Agency; Blanc becomes WWF ambassador; and Swiss Re warns of global protection gap
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Allianz in regional commercial restructure; GRS extends global reach with adjuster tie-up; Movo buys three; and Tractable strikes two new deals
For the record: Post wraps up the major insurance deals, launches and investments of the week.
Blog: Bringing entertainment risk into the spotlight
Pippa Morris, senior underwriter for entertainment at Markel International, discusses emerging risks in the film and TV industry, and how brokers and production companies can stay on top.
Blog: Are insurers still on track to cover motorsport risk?
BLM partner and head of sports David Spencer considers the motorsports cover arena post-lockdown.
Lockdown customer champion: Tim Thornhill, Tysers
Tim Thornhill, Tysers director of entertainment and sports, tells Post about his work to save the 2021 entertainment and sporting calendar amid will-they-won't-they government Covid restrictions and a capacity vacuum.
Covid wedding claimants could have lost out due to 'misleading information'
Exclusive: Wedding insurance customers of UK General and Great Lakes may have been supplied “misleading information” leading to a reduction in Covid-19 claim payouts or preventing them from claiming.
Government to shoulder cost of live events Covid cancellations with £750m insurance scheme
The UK government has struck a deal with Lloyd’s insurers to ensure live events will be able to purchase cover for cancellation due to government Covid restrictions from next month.
Marsh’s Edel Ryan on whether a government backed scheme will be the X Factor for live events
With normality beginning to make a return and the government having rolled out ‘Freedom Day’ on 19 July Edel Ryan, head of strategic business development, UK and Ireland for sport, entertainment and media industry at Marsh, asks if we can expect the come…
Reinsurers face up to $400m bill for spectator free Tokyo Olympics
Reinsurers will see up to a $400m claims hit from a spectator free Tokyo Olympic Games, ratings agency Fitch has calculated.
Government considering event insurance scheme in case of 'market failure'
The government is prepared to explore an insurance scheme for live entertainment in the event of a market failure, the secretary of state for digital, culture, media and sport Oliver Dowden has said.
Risks taken on by government 'must be in the public interest': HMT's Miriam Sachak
Against a backdrop of calls for the government to underwrite more pandemic-related risks, HM Treasury head of domestic and retail insurance policy Miriam Sachak has said risks taken on by the government "must be in the public interest" and complement…
Policymakers 'fundamentally' mischaracterising pandemic insurance problem, OECD conference hears
Policymakers have mischaracterised the pandemic business interruption problem leading to a solution stalemate, virtual attendees of an Organisation for Economic Co-operation and Development event heard.
Intervene in contingency market by January to save 2021 events, government told
An open letter asking for the UK government to underwrite a Covid-19 contingency insurance product has been described as “a last throw of the dice” to save the 2021 entertainment and sporting calendar by one of the campaign’s architects.
Briefing: As Covid pushes Biba 2021 online, a death knell sounds for 'in-person only' conferences
Last week the British Insurance Brokers’ Association followed others' footsteps as it moved its 2021 conference online. Post news editor Jen Frost considers the future of events.