UK insurers that have issued 'thousands' of green cards and created portals and communications to allow UK motorists to continue to drive abroad after Brexit have supported the proposals to remove green cards despite the money already spent.
Pool Re has launched an advisory group to develop recommendations for how the insurance sector can work together with the wider private sector and public sector to guard against systemic risks such as climate change and cyberterrorism.
Insurers have repeated their calls for the scope of the proposed building safety regulator to be broadened after the government pushed ahead with proposals that met with criticism last year.
Treasury confirms 'strong case' for Solvency II reforms to free up resource and allow UK insurers more flexibility
The government is planning to bring forward reforms to free up resource on insurers’ balance sheets and allow insurers more flexibility around investments as it rewrites the UK’s Solvency II regime.
The ‘meme stock’ phenomenon that began in January when the share price of American video game retailer Gamestop was sent soaring by non-professional investors corralling on internet forum Reddit has reached the world of insurance.
A Bill that aims to remove the effects of the European Court of Justice’s controversial Vnuk ruling from British law has been introduced to parliament.
Jensten Group has acquired Tasker Insurance Group for an undisclosed sum, adding businesses to its retail broking, wholesale broking and managing general agent divisions.
The Chartered Insurance Institute has received a request for motions to be tabled at its annual general meeting that call for the body’s strategic manifesto to be suspended and audited and for the suspension of CEO Sian Fisher.
Hiscox has reached a settlement in arbitration proceedings brought against it by an action group of businesses for business interruption losses suffered during last year’s first coronavirus lockdown.
The pool of lead underwriters in the London market shrinking over the next decade is an “inevitability”, Hiscox London Market chief underwriting officer Paul Lawrence has said.
Politicians have called for the Financial Conduct Authority to set an end date for a transformation programme that seeks, among other things, to tackle the “siloed” culture within the regulator.
Insurers have paid out final settlements or interim payments on more than 20,000 business interruption claims related to the Supreme Court's January verdict, with Financial Conduct Authority figures and broker testimony suggesting that payout processing…
European insurers are increasingly look to divest parts of their business in the wake of the pandemic, a survey of chief financial officers conducted by rating agency Moody’s has found.
Exclusive: Hiscox CEO Bronek Masojada spoke to Post about the insurer's business interruption claims handling, sharing details on its 200-strong claims surge team, why it was a 'bit slow in getting going', and shedding light on its collaboration with…
The Association of British Insurers and Flood Re have urged the government to increase spending on maintaining flood defences, claiming that river flood walls and embankments provide £568m worth of protection annually to at-risk communities.
Boardrooms will need to remain adaptable as firms move to new working models in the wake of lockdown restrictions lifting, according to panellists at the Post LIVE annual conference.
When the Solvency II regulation was conceived in 2001, the term Brexit didn’t even exist. Fast forward 20 years and as well as the UK’s exit from the European Union the general insurance market is facing a pandemic no one foresaw and persistently low…
Kessler 'can't hold shareholders hostage this time', says Ciam as it calls for Scor chairman's removal
Investment fund Ciam is encouraging shareholders of Scor to vote against the reelection of chairman and CEO Denis Kessler and two other directors to the reinsurer’s board.