Axa will not directly replace outgoing executive managing director for claims Waseem Malik, instead splitting responsibility for retail and commercial claims.
Watchstone has filed a £13.7m claim against KPMG, claiming damages allegedly arising from the accountant’s audit of the company’s 2013 financial statements.
MCE Insurance CEO Julian Edwards has pledged legal action against the Gibraltar Financial Services Commission following the appointment of administrators at MCE’s Gibraltar-based insurer.
The Gibraltar Financial Services Commission has denied accusations made against it by MCE Insurance earlier this week in the wake of MCE’s Gibraltar-based insurer being put into administration.
MCE Insurance has alleged that it tabled proposals to “immediately meet any shortfall” in the capital requirements of its Gibraltar-based insurer but these were declined by the Gibraltar Financial Services Commission ahead of the provider's collapse last…
Structured data that recognises the particular niche an insured is operating in will be a key determiner in an “arms race” changing the way commercial lines products are traded, CFC Underwriting executives have told Post.
Brokers are concerned that the availability of cover for historically insurable diseases may not return to pre-pandemic levels, having been much reduced as a result of exclusions written into policies.
A Supreme Court judgment handed down last week that found in favour of Google is expected to spare businesses operating in the UK and their insurers from being liable for potentially billions of pounds in claims.
Women remain seriously underrepresented in decision-making roles in climate finance, according to a report from the Women in Finance Climate Action Group convened by Aviva group CEO Amanda Blanc.
Oil and gas cover undermining climate efforts, says Insure Our Future as it scores insurers' climate policies
The global insurance industry is undermining efforts to meet climate targets by continuing to insure and invest in oil and gas production, the Insure Our Future campaign has said.
Lawyers are working with clients to understand how insurance policies may or may not respond in the event of climate-related litigation, as more governments and companies find themselves subject to lawsuits.
Underwriters of solicitors’ professional indemnity insurance have raised concerns that a clause proposed by the Solicitors Regulation Authority fails to provide clarity on which cyber losses will be covered by policies.
Proposed legislation that will require the owners and operators of publicly accessible locations to mitigate the threat of terrorist attacks will have major implications for the entire liability insurance value chain, Pool Re chief underwriting officer…
Six insurance industry trade associations have written to the Treasury to support an application, submitted by Innovate UK, to channel greater funding into the services sector.
Saga was fined £225,000 by the Information Commissioner’s Office in September after it was found that its marketing partners had sent millions of nuisance emails, highlighting the pitfalls companies face chasing leads.
Campaigners have called on Axa to withdraw support for the oil and gas industry, warning CEO Thomas Buberl that the credibility of the group’s climate leadership is on the line in an open letter.
The British Insurance Brokers’ Association has called for the Financial Conduct Authority to cut down on the amount of jargon in its rulebook, saying that the terminology used in new product governance rules risks confusing brokers.
Brokers have 'failed to understand the impact' of product governance rules that came into force on 1 October, the Financial Conduct Authority has said.
Insurers have work to do to ensure that the sustainability of home insurance claims keeps pace with strides being made with motor claims, according to personal lines claims directors.