Articles by Harry Curtis
Devil is in the detail for CrowdStrike outage claims
Last week’s global IT outage could produce insurance losses of up to $1.5bn, though how policies will respond remains uncertain.
Insurers brace for global IT outage claims
Last week’s global IT outage is expected to lead to insurance claims, with companies across the sector closely monitoring its impact.
Martyn’s Law included in King’s Speech
Legislation to boost public venues’ resilience to terrorist attacks, known as Martyn’s Law, has been confirmed as part of the government’s agenda for the current parliamentary session in the King’s Speech.
Fronting insurers and traditional carriers vie for MGAs’ favour
Managing general agents may be able to reap more of the reward of their underwriting activity by partnering with fronting insurers rather than traditional carriers, Bridgehaven CEO Paul Jewell has said.
FCA issues warning as it continues to identify ‘low value’ products
The Financial Conduct Authority has identified further “low value” insurance products, the regulator’s head of market interventions for insurance has said.
Aviva bosses reveal multinational and financial lines ambitions
Aviva’s director of multinational and underwriting director for financial lines have outlined ambitions to write bigger ticket business around the world.
Aviva completes Probitas acquistion
Aviva has completed its acquisition of Probitas, following the receipt of all necessary approvals.
Aurora pushes automation envelope with commercial combined launch
Aurora has said that its data-driven algorithmic model has enabled it to launch its commercial combined offering with maximum limits well beyond the industry standard for digitally traded business.
Big Interview: Bob Thaker, Sompo
Bob Thaker, Sompo's UK CEO, sits down with Insurance Post to discuss the insurer’s plans to rapidly become one of the top players in the UK market, serving clients from the corporate level right down to SMEs.
Hiscox share price surges amid sale speculation
Hiscox’s share price surged by more than 14% on Monday (8 July) following a report of a possible sale of the insurer.
Gallagher chair Langley to become third female Lord Mayor
Gallagher UK chair Susan Langley is set to become the City of London’s third female Lord Mayor next year.
One-in-10 specialty insurers expect to scale AI use in 2025
Oxbow Partners has predicted that 2024 will be a year of divergence for the use of generative artificial intelligence in the specialty insurance and reinsurance markets.
Sompo opens Manchester office as it continues UK expansion
Sompo has opened an office in Manchester, as it continues its efforts to grow its UK regional portfolio.
NFU Mutual hit by lawsuit over Covid losses
A group of more than 30 businesses are suing NFU Mutual for Covid losses suffered between 2020 and 2022.
Regulators challenge two thirds of GI firms on operational plans
Two thirds of general insurance firms have been challenged by regulators on their work to come into line with operational resilience regulations during the last 12 months, a benchmarking exercise by Sicsic Advisory and Oric International has revealed.
Big Interview: Louise O’Shea, CFC
Louise O’Shea, group CEO of CFC, sits down with Insurance Post to discuss where the business is heading following its change of management and what the ‘next cyber’ might be.
R&Q sells UK legacy insurer as it files to appoint liquidators
R&Q has agreed to sell UK legacy insurer Inceptum to Marco Capital and has confirmed that it has filed to appoint liquidators in Bermuda.
CFC developing cyber product to spur international expansion
CFC is developing plans to enter new markets around the world through white-labelled cyber insurance products, CEO Louise O’Shea has said.
Blueprint Two rollout hit by more delays
The first phase of the rollout of Blueprint Two has been pushed back again, due to testing of the technology running behind schedule.
RSA and NIG to arrive at single product set in mid-2025
RSA and NIG will harmonise their two product sets into one by September next year, regional director Steve Scott has said.
Acrisure UK MGA targets trebling of GWP
Acrisure’s UK managing general agent operation has set its sights on more than trebling its gross written premiums within three years, following a relaunch of the business last year.
Chicken shop owner has wings clipped for fowl play in fraudulent fire claim
A chicken shop owner and his brother have been handed prison sentences following investigations by Allianz and Sedgwick into a fire in 2018.
Cover for damage caused by social unrest faces uncertain future
Cover that UK businesses currently take for granted is increasingly being hived off into the political violence insurance market, a report published by Airmic has highlighted.
Contractual requirements boost cyber insurance adoption
A cyber expert at Marsh has warned contractual obligations driving businesses to purchase cyber insurance could be a double-edged sword.