Commercial
FCA highlights shortcomings in insurers' handling of BI claims as sum paid out hits £1.5bn
The Financial Conduct Authority has identified key areas where firms did not meet its expectations regarding fair treatment of customers when dealing with their business interruption claims.
Zurich’s Anita Fernqvist says companies should look inwards to fill the skills gap
Anita Fernqvist, chief operating officer at Zurich UK, argues that in the face of a competitive job market and skills shortages, insurance companies need to redouble their efforts to provide rewarding career pathways and healthy work-life balance.
Blog: Deploy digital technologies and AI to close up the climate protection gap
As climate change having a potential of wiping out $20trn worth of assets, Mark Fry, global strategic business development director at Atos Financial Services, considers how the insurance industry can close the climate protection gap by using both new…
Acrisure acquires CRK; Sian Fisher's next move; Premium Credit hire personal lines and e-trade director
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Markerstudy's Clare Lunn is set to lead the charge against opportunistic fraud
As the threat of opportunistic fraud rises in the face of the deepening cost-of-living crisis, Clare Lunn, Markerstudy’s head of counter fraud, calls on the industry to join together to continue to tackle this crime and the fraudsters behind it.
Interview: John O’Roarke and Ronan McCann, HF (formerly Horwich Farrelly)
Having overseen a name change from Horwich Farrelly, CEO Ronan McCann and chairman John O’Roarke explain how the rebranded HF is shaping up for a future of diversification, M&A and staff ownership as it looks to become the Admiral of the legal sector.
Trade Voice: LMA’s Sheila Cameron explains why the Data Council's digital drive is a breakthrough for the industry
Sheila Cameron, CEO of the Lloyd’s Market Association and chair of the London Market Group’s Data Council, reflects on the efforts to foster digital trading in the London market and what the industry stands to gain from leaving analogue processes in the…
RSA targets market-beating 'low 90s' combined ratio by 2025
RSA has set out plans to achieve a “low 90s” combined ratio and surpass £3bn in premiums by 2025.
Analysis: Re-merging the financial sector regulators
In 2013, Financial Services Authority was dissolved, and regulation responsibility was split between Financial Conduct Authority and Prudential Regulation Authority with intention it will create a more effective regulation of financial services. Now the…
Telematics watch: How the technology is helping to shape EV insurance
Historically, telematics has been used to rate driver risk to bring down insurance. But the growing popularity of electric vehicles has created driver concerns for which telematics may have the answer. Igo4 CEO Matt Munro discusses how the technology can…
Upcoming webinar: Watch Scor and Ms Amlin discuss how operational automation can increase efficiency and boost profitability
Insurance organisations today are under more scrutiny than ever from auditors and stakeholders alike. In response, many continue to shift their efforts from the digital transformation of front-end functions to driving higher levels of efficiency and…
Intelligence: Inclusivity in insurance - enabling customers with disabilities
In the UK 14.6 million people are classed as disabled and more than seven million people of working age have a disability. David Worsfold investigates how the insurance sector is catering for this vulnerable community – and managing this mainstream…
Stubben Edge secures more funding; MS Amlin rebrands; Axa XL appoints chair
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Attempt to oust R&Q executive chairman Spiegel fails
R&Q executive chair William Spiegel will continue to lead the program management and legacy insurance business after a vote to oust him failed.
Analysis: Lloyd’s latest cyber directive paves the way for a cyber cat market
Mandated exclusions for state-backed cyber-attacks in standalone cyber policies issued at Lloyd’s could pave the way for a separate market for cyber war and catastrophe risks, executives have predicted.
Q&A: Mark Plews, Markel UK
Mark Plews has been director of underwriting at Markel UK since March, joining from Hiscox. After six months in the role, he talks to Post about Markel's growth plans, the difficulties of the hard market for professional indemnity, and the company's…
Energy price cap a lifeline for businesses but more details needed
With some businesses still recovering from Covid-19 pandemic, and now facing a new hit in the form of an energy price hike, the number of viable businesses taking out insurance could fall, but energy cap announced by Prime Minister Liz Truss could be a…
Blog: Building back better flood resilience is the pathway to the future
The Environment Agency is planning for higher and more intense rainfall, with a rainfall anticipated to increase 35% by 2070 accompanied by rising sea levels. Ian Gibbs, national technical manager at Sedgwick, urges the industry to accept that climate…
Former MS Amlin boss Chris Beazley appointed as CEO of Scor UK and Scor Syndicate
Scor has appointed former MS Amlin AG boss Chris Beazley as CEO of Scor UK and Scor Syndicate with effect from 20 September, subject to regulatory approval.
Former CII vice presidents highlight 'serious and urgent concerns' in renewed calls for independent review
Former vice presidents of the Chartered Insurance Institute are set to table a motion calling for an independent review of decisions taken at the organisation since 2016 at its annual general meeting next month.
AIG and Lloyd's insurers reject case advanced by Aercap in $3.5bn claim
Insurers have rebuffed claims from aircraft leasing giant Aercap that it is owed either $3.5bn under its all risks policy or $1.2bn under its war risks policy for the dispossession of aircraft by Russian airlines earlier this year.
Aon appoints WTW's William Bruce to lead climate risk consulting
Aon has appointed William Bruce from WTW as global managing director of climate risk consulting in Aon Global Risk Consulting.
Intelligence: The fallout from Russia without love
On 24 February, Russia invaded Ukraine in a major escalation of the Russo-Ukrainian War that began in 2014. Edmund Tirbutt investigates how UK insurers have responded to the knock-on effect from the war, and the impact that this might have in the long…
Companies are ‘treading a very thin line’ in avoiding data breaches
After ICO launched criminal proceedings against eight data thieves, companies have been told to revisit their cyber security to ensure they are properly secured and protected against potential data thieves as cyber attacks are on the rise.