Martin was News Editor at Post from 2016 to 2019.
Prior to that he worked as a reporter for The National in Dubai, covering the financial crisis and the Arab Spring.
Unrated Danish insurer Gefion has finally secured an additional €6m (£5.4m) capitalisation for the business following regulatory action in July.
An outright ban on dual pricing could be “catastrophic” for the industry, analysts warned, pushing smaller players out of the market, limiting competition and raising premiums across the board.
The Financial Conduct Authority has outlined a raft of potential interventions as it revealed six million policyholders are hit with a loyalty penalty.
The Ogden rate will remain fixed at minus 0.75% in Scotland, raising the prospect of higher premiums for motorists north of the border.
The rise of artificial intelligence and big data could create a new class of ‘uninsurables’ in society, a government task force has warned.
Saga has warned of lower margins in insurance even as it saw a surge in its fixed price policy product, which was launched in the wake of backlash against industry dual pricing practices.
Some 14,000 policyholders will be compensated by the government guarantee scheme after a plan to replace cover collapsed.
LV has been hit with a £13m blow as a result of the Ogden rate, which the insurer said could push up premiums by 1%.
More than 8000 former home insurance customers of failed insurer Lamp have had their cover moved to another unrated Gibraltarian insurer, Red Sands.
The regulator has vowed to “take action” against insurers that do not treat vulnerable customers fairly.
More than 30,000 property policyholders affected by the collapse of Alpha have been thrown a lifeline in the form of alternative cover arranged by the Financial Services Compensation Scheme.
It was around Spring when office chat turned to the trend of insurers bolstering full year accounts through claims reserve releases.
Ecclesiastical was forced to admit the advice it gave to the Church of England related to a child abuse claim could have been handled better.