Commercial
Spotlight on professional indemnity: SME cover for 2017 and 2018
The competitive insurance market has triggered low premiums for professional indemnity cover but Terry Pegg, director of sales and marketing at Tokio Marine HCC, argues this does not mean that standards in policies or service levels should be slipping.
Allianz’s Axel Theis on the positive signs for global trade
Concerns remain but outlook for global trade shows positive signs, says Axel Theis, member of the board of management of Allianz SE.
Broker Network acquires broker Thompson & Richardson
Broker Network has acquired Lincolnshire-based brokerage Thompson & Richardson.
Analysis: Employment claims rising after unfair fees finished
Now the Supreme Court has ruled employment tribunal fees are unlawful, insurers are expecting a flow – but not a flood – of claims
Blog: Insurers need to manage currency risks
George Chapman, in charge of fund and institutional sales at Afex, explains how insurers can manage currency risks after the fall in sterling following the UK's vote to leave the European Union.
Blog: When Christmas parties go wrong: avoiding liability claims
Christmas parties can result in claims against employers. Alistair Kinley, director of policy and government affairs at BLM, examines a recent case.
Analysis: Behind the scenes of a year-long Blockchain pilot
Blockchain has become a buzzword in the industry but few know what it means, even less so its implications for insurance.
Analysis: The impact of FSCS funding proposals on brokers
In 2016 the Financial Conduct Authority released a raft of proposals that examined potential changes to the way the Financial Services Compensation Scheme was funded.
Blog: ‘Keeping mum’, a barrier to consolidating data intel
Insurers want to keep their competitive advantage but should share their expertise to combat fraud, says Lior Koskas, managing director of Digilog UK.
Chubb's Kyle Bryant on helping businesses set up a coherent cyber strategy
Insurers can help businesses develop a more coherent approach to cyber risks, says Kyle Bryant, cyber risks manager for Europe at Chubb.
Interview: Lyndon Wood, Moorhouse Group
Lyndon Wood is an author, TV presenter and entrepreneur behind the largest independent insurance broker in Wales.
Commercial insurance rates continue to decline in Q3
Global commercial insurance rates have declined for the 18th consecutive quarter.
British travel infrastructure hampering business, QBE warns
British travel infrastructure ranks among the worst in Europe, a survey by QBE Business Insurance revealed.
Lycetts appoints Charles Foster as CEO
Lycetts has appointed Charles Foster as CEO, subject to regulatory approval.
Insurers divest $20bn from coal
Insurers are divesting an estimated $20bn (£15bn) in equities and bonds from coal projects, according to the Unfriend Coal campaign.
Cass-Stephens acquires D Paxman Insurances
Gloucester based Cass-Stephens has acquired commercial broker D Paxman Insurances, its seventh acquisition in the last 15 years.
Agora receives approval to begin underwriting in 2018
Agora Syndicate 3268 has received approval from Lloyd’s to commence underwriting business from 1 January 2018.
80% of EU countries expect increased claims under GDPR
80% of EU jurisdictions expect compensation claims for data protection breaches to increase under the General Data Protection Regulation.
FCA launches wholesale broker sector market study
The Financial Conduct Authority has launched a market study “to assess how competition is working” in the wholesale insurance broker sector.
Analysis: Energy risks: negative energy?
The insurance industry is worried about the energy sector. This already complicated and fragmented industry is getting more complex, especially with pressure from governments to increase production from renewable sources, just as the risks it faces are…
Fidelis launches MGA Radius
Fidelis has launched its first managing general agent, Radius, to be run by Rob Ashton.
GRP acquires Alan & Thomas Insurance Group
Investment vehicle Global Risk Partners has acquired a majority stake in Poole-based Alan & Thomas Insurance Group.
Editor's comment: Fashion is fickle
Fidget spinners, dabbing and the bottle flip are just three of the crazes that my son brought home from school during the last academic year. Luckily for me, unlike Pokémon - which has been in our house for three full years now - these were short-lived…
Profile: Jon Turner, Pen Underwriting
After spending the past year hiving up a dozen entities under the Pen Underwriting roof, CEO Jon Turner talks to Will Kirkman about the managing general agent’s drive to be a ‘virtual insurer’ with the firepower to invest in data analytics and new…