Articles by Harry Curtis
Walsh and Newman to leave CFC following Lloyd's investigation
David Walsh and Graeme Newman will leave CFC Underwriting next year, following a Lloyd’s investigation into allegations of non-financial misconduct at the company.
Stonegate settles Covid BI dispute with MS Amlin, Liberty and Zurich
Stonegate, the UK’s largest pub group, has agreed a settlement with MS Amlin, Liberty Mutual and Zurich, bringing an end to a long-running legal dispute over Covid business interruption losses.
Pete Allchorne elected Foil president
Pete Allchorne, partner at DAC Beachcroft, has been elected president of the Forum of Insurance Lawyers.
Allianz suing Revolut for £10.4m over axed travel insurance deal
Allianz is suing Revolut for £10.4m, alleging that the neobank breached its obligations under a deal it struck in 2021 for Allianz to provide travel insurance to Revolut customers.
Sabre chair Andy Pomfret passes away
Sabre has announced that its chairman and McGill and Partners director, Andy Pomfret, passed away at the weekend following an illness.
Professional indemnity insurers raise AI worries
Around two thirds of UK professional indemnity insurers believe the use of AI by professional services firms is increasing their risk of practice, according to a survey by Clyde & Co.
Insurers and Ukrainian government to split Black Sea shipping risks
Ukraine has struck a deal with Marsh and insurers at Lloyd’s to set up a public-private partnership providing cover for Black Sea grain shipments.
Standalone R&Q legacy business to target profitability by 2025
A “refocused” R&Q legacy insurance business will expect to deliver operating profitability by the end of 2025 if the proposed sale of the company’s programme management arm Accredited goes ahead.
Planned Lloyd’s investment venture scrapped at eleventh hour
Financials Acquisition Corp, which had planned to provide hundreds of millions of pounds of capacity to Lloyd’s syndicates as early as 2024, following a proposed merger, is now set to appoint liquidators.
Sedgwick appoints Neil Gibson as UK CEO
Sedgwick has promoted chief operating officer Neil Gibson to the position of UK CEO.
FSCS expects East West compensation costs to rise
The Financial Services Compensation Scheme has said it expects payments to customers of failed structural defects insurer East West to rise in the next financial year.
Lloyd’s earmarks £52m following slavery ties research
Lloyd’s has launched a programme of initiatives to help Black and ethnically diverse people join and build careers in the market following independent research into its historic links to the transatlantic slave trade.
Insurers risk being ‘left behind’ if they don’t share data
Insurers that don’t share claims data with the wider market risk being “left behind”, LexisNexis Risk Solutions’ James Burton has told Insurance Post.
UK government backs insurance partnership to rebuild Ukraine
The UK government has backed an insurance scheme developed by the European Bank for Reconstruction and Development to boost the provision of cover for war risks in Ukraine.
Football clubs and insurers set for 2025 courtroom clash
A legal dispute between several Premier League football clubs and their insurers over Covid-19-related business interruption payouts is set to go to trial in 2025, according to a court order.
Liberty and Axa XL settle Pizza Express BI battle
Pizza Express has settled its legal dispute with two insurers over what business interruption payout was due to it for Covid closures, according to a court order.
Direct Line appoints Gearey as director of claims services
Direct Line Group has appointed former Covéa personal lines managing director James Gearey as director of claims services.
‘Financial turmoil’ drives wave of SME Covid BI lawsuits
A law firm claiming to represent thousands of SMEs has initiated dozens of fresh Covid-related business interruption court proceedings.
Policies did not cover central government action, insurers argue in Covid BI trial
The insurers in a group of Covid-related business interruption disputes, being heard by the Commercial Court this week, have argued that the policies in question did not cover central government actions.
CII to begin CEO search as Vallance announces departure
Chartered Insurance Institute CEO Alan Vallance will leave the professional body next spring to take up an equivalent role at the Institute of Chartered Accountants in England and Wales.
Aviva admits liability in Fuller’s dispute while Liberty stands firm
Pub chain Fuller’s has received a £500,000 payout from Aviva after the insurer admitted liability in a dispute over Covid-19-related business interruption cover, a London court has heard.
Using algorithms to underwrite commercial and specialty market risks
Analysis: Harry Curtis examines the applications of algorithmic underwriting in commercial and specialty insurance, what role the approach leaves for human underwriters, and what challenges it presents.
How Birmingham’s insurance sector is evolving
As sister title Insurance Age takes over the Birmingham NEC for Broker Expo and the Broker Awards, Insurance Post looks at the challenges and opportunities facing the city’s insurance sector.
Root taps into UK’s embedded insurance fervour
South African distribution platform Root is seeking to establish a “strong foundation” in the UK, following a fresh cash injection from one of its seed funders.