Commercial
Markel drops wholesale personal accident and contingency insurance
Markel International has stopped writing wholesale personal accident and contingency insurance as its refocuses the PACE portfolio exclusively on entertainment with immediate effect.
Briefing: FCA’s business interruption test case – misreading the room
Reactions to Tuesday’s Financial Conduct Authority business interruption hearing suggest that insurers – or at least their lawyers – may be misreading the room.
Das underwriting profit declines as it recovers £3.7m from ex-CEO legal proceedings
Gross written premiums at Das Legal Expenses Insurance dropped from £117.9m in 2018 to £114.8m last year according to the firm’s 2019 Solvency and Financial Condition Report which also revealed a £3.7m “recovery” from its involvement in a private…
Blog: Covid-19 and its impact on Italy's insurance industry
The impact of Covid-19 has been felt across the global insurance industry and, for Italy's insurance industry more specifically, the largest and most direct impact will be from the high rates of hospitalisation in the country during the pandemic and the…
FCA disputes BI ‘conflict of interest’ allegations
The Financial Conduct Authority has today denied there is any conflict of interest in relation to the law firm engaged on its business interruption test case.
Christian Nielsen named CFO for Hiscox London Market
Christian Nielsen has been appointed as chief financial officer for Hiscox London Market and Hiscox Syndicates moving across from his current role as CFO of Hiscox UK and a director of Hiscox Insurance Company.
Insurance Covid Cast: Reinvigorating the workforce post-pandemic
In the 27th episode of Post and Insurance Age’s video series we gathered together an expert panel to discuss what the insurance sector has learnt over the last three months - and how it might shape the employer-employee relationship when offices re-open.
Analysis: From tragedy to tragedy – a year of challenges and change for aviation
After a tough year, driven by some of the most costly claims in history, 2020 threatens to change the face of the the aviation industry as the coronavirus pandemic spreads across the globe. Post investigates the impact on aviation insurance.
Aon's Charles Alberts on reshaping the world of work with health and wellbeing at its core
Despite contagious disease experts and high-profile figures warning of the risk of a pandemic for years, the Covid-19 epidemic caught the world unawares, writes Charles Alberts, head of health management at Aon.
Digital Risks appoints Stewart Duncan as chief data officer
Insurtech start-up Digital Risks has recruited Stewart Duncan as chief data officer joining from insurance platform Wrisk.
Insurance Covid-Cast: Insurtech 100 special – 'The Last Word' with Pie Insurance CEO John Swigart and Shift Technology CEO Jeremy Jawish
In the 26th episode of Post and Insurance Age’s video series we gathered together two start-ups featured in the Insurtech 100, to provide the last word on the rankings.
Analysis: Loss adjusters gear up civil unrest pandemic preparations
With Black Lives Matter supporters and far-right activists expected to take to the streets over the weekend and Brexit tensions threatening to resurface this year, loss adjusters say the potential for claims due to civil unrest will largely depend on how…
This week: Contra proferentem
No – it’s not a Harry Potter spell. This week the Financial Conduct Authority said it would whip out the ‘contra proferentem’ argument on behalf of policyholders in its business interruption test case against insurers.
Insurers' intent with regards pandemics 'not relevant or admissible', FCA will argue in High Court test case
Insurers’ contentions that wordings in business interruption policies are not designed to and do not provide cover in the event of pandemics will be disputed by the Financial Conduct Authority when it brings a test case before the High Court next month.
In numbers: The FCA’s business interruption insurance test case
Updated: The Financial Conduct Authority has received 105 letters from MPs concerned about business interruption insurance, 51 relating to RSA’s Cottagesure policies, according a representative of the regulator, who revealed several key stats in his…
Brokers flagged concerns to FCA over ‘long-term’ damage to industry due to BI claims handling
Insurers have been accused of mis-steps in claims handling on four counts by brokers, according to a witness statement from Financial Conduct Authority director of general insurance and conduct specialists Matthew Brewis.
Insurance Covid-Cast: Insurtech 100 special – Distribution focus 2 with Next Insurance's Sofya Pogreb and Trov's Ian Sweeney
In the 24th episode of Post and Insurance Age’s video series we gathered together two start-ups featured in the Insurtech 100, both of which have pivoted from business-to-consumer distribution, to B2B2C.
Insurance Covid-Cast: Insurtech 100 special – 'Distribution Focus' with Hokodo, Kasko and Wrisk
In the 23rd episode of Post and Insurance Age’s video series we gathered together a trio of start-ups featured in the Insurtech 100, all of which are focused on the distribution of products through the business-to-business-to-consumer channel.
Covid-19 Resilience Survey 2: Two-thirds of insurance staff are not keen to return to the office, while 90% are anxious about using public transport
The majority of insurance staff feel worried or anxious about a return to the office environment, while 90% of those surveyed had major concerns about using public transport to get there a survey by Post has found.
NI Assembly committee rails against insurer Covid-19 BI payouts as ABI grilled
There is a “real perception of intransigence from the insurance industry … [and] lack of willingness to engage and support business” during the coronavirus pandemic, according to Caoimhe Archibald, chair of the Northern Ireland Assembly’s Economy…
Insurance Covid-Cast: Insurtech 100 special – 'Claims Focus' with Floodflash, Snapsheet and Tractable
In the 22nd episode of Post and Insurance Age’s video series we gathered together a trio of start-ups featured in the Insurtech 100, all of which are focused on using the latest technology to make the claims experience smoother and more transparent using…
Arch names Simon Williams as active underwriter
Arch Insurance International has appointed Simon Williams as active underwriter of Syndicate 1955 and confirmed David Slade as deputy active underwriter after the parent company’s takeover of Barbican.
HAG issues £52m claim against Hiscox as its lawyers draw up dentists' claim against QBE
The Hiscox Action Group has issued a £52m claim against Hiscox for unpaid business interruption claims related to losses incurred during the coronavirus lockdown.
Call Connection administration timeframe extended due to coronavirus pandemic
The administration deadline of failed broker lead generator Call Connection has been extended until 12 July 2021.