Commercial
Aviva joins global initiative in pursuit of 2025 electric motor fleet target
Aviva has signed up to a global initiative that will require it to report annually on the progress it has made switching its motor fleet to electric vehicles, Post can reveal.
Suez Canal: Insurance industry braces for claims as Ever Given partially refloated
Ahead of the crucial weekend efforts to move 400m long MV Ever Given and unblock the Suez Canal, insurance industry experts assessed the potential for claims.
SME only pandemic cover solution would help those most in need, says Swiss Re public sector boss
When facing the large losses pandemics threaten “we could do more” if a cover solution was limited to SMEs, Ivo Menzinger, Swiss Re managing director for public sector business across Europe, the Middle East and Africa, has said.
Aviva completes 'refocus' with sale to Allianz; Axa and Tesco join forces; Chubb takeover rebuffed and Bought By Many enters US
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Policymakers 'fundamentally' mischaracterising pandemic insurance problem, OECD conference hears
Policymakers have mischaracterised the pandemic business interruption problem leading to a solution stalemate, virtual attendees of an Organisation for Economic Co-operation and Development event heard.
Blog: A wrong turn on the road out of lockdown?
The resumption of outdoor sports from 29 March is perhaps surprising given the risk that it creates for the spread of Covid-19, says BLM's partner for occupational disease Simon Morrow.
Court case thwarted BI claims solution that was just two weeks away, says Ardonagh’s Ross
A coalition of brokers working with Hiscox was just two weeks away from solving the problem of Covid-19 business interruption claims but the court case cut the legs off the solution, Ardonagh CEO David Ross has claimed.
Ardonagh boss David Ross hits out at CMA Bennetts decision
Ardonagh was “really surprised and disappointed by the approach that was taken” by the Competition and Markets Authority as it blocked the firm buying Bennetts, CEO David Ross has declared.
Covéa files complaint against Scor CEO Denis Kessler
Covéa has filed a complaint against Scor CEO Denis Kessler, in a move blasted by Scor as “deceitful and groundless”.
Big four reinsurers look to hardening market after Covid bites to the tune of £6.5bn
The big four reinsurers believe they are poised to take advantage of the hard market in 2021, with all but Swiss Re reporting profit in 2020 despite a combined property and casualty pandemic hit of £6.5bn.
Blog: Three ways the IICF brings the industry’s social purpose to life
The Insurance Industry Charitable Foundation UK improves the lives of vulnerable and disadvantaged people by presenting a coordinated industry approach to grant giving, volunteering and leadership. Wendy Wilder, executive director of the IICF UK,…
Pandemic business interruption risks uninsurable, says Scor's Kessler
Pandemic-related business interruption is “not insurable”, Scor CEO and chair Denis Kessler has said, likening the risk to that of property damage suffered during a war.
CNA confirms systems disconnection after 'sophisticated cybersecurity attack'
CNA Financial Corporation has confirmed being hit by a sophisticated cybersecurity attack on Sunday causing network disruption and impacting some of its systems including corporate email.
Blog: Insurance implications of the Uber Supreme Court ruling
In February the Supreme Court ruled that Uber drivers are considered to be workers rather than self-employed, with potentially serious implications for insurance, says Stuart Toal, Allianz casualty account manager, technical.
Insurer test case BI claims payouts to March revealed
Data released by the Financial Conduct Authority shows that up to 3 March insurers had paid out £192m towards interim payments and £279m to settle Covid-19 related business interruption claims affected by the regulator’s test case, with Covéa leading the…
Ageas’ Adam Beckett on soft skills and resilience
Great business is founded on good listening, mutual trust and results, says Adam Beckett, chief distribution officer at Ageas, as he analyses the power of soft skills and emotional resilience when combined with technology.
Insurance lives in the Covid era – 12 months on from the first National Lockdown: Part Five
On the 23 March 2020 as Covid-19 infection rates soared Prime Minster Boris Johnson told us to “stay at home” triggering the first National Lockdown. One year on Post spoke to a host of insurance workers - the loss adjusters, the HR boss and the IT boss …
Tokio Marine HCC appoints Des Burke as CIO
Tokio Marine HCC International has hired Des Burke as chief information officer reporting to Thibaud Hervy, chief underwriting officer, specialty lines division.
Intelligence: The impact of making Covid vaccines mandatory
With the roll out of Covid-19 vaccines under way, and firms saying they might require them to be mandatory for their staff, Post investigates what impact this could have on insurance
Insurance lives in the Covid era - 12 months on from the first National Lockdown: Part Four
On the 23 March 2020 as Covid-19 infection rates soared Prime Minster Boris Johnson told us to “stay at home” triggering the first National Lockdown. One year on Post spoke to a host of insurance workers - the insurer boss, the broker boss, the insurer…
Government's understanding of how BI claims are calculated contains 'fundamental flaw'
The government’s understanding of insurance contracts is fundamentally flawed and endangers the chances of its expectations with respect to Covid-related business interruption claims being met, claims dispute expert Roger Flaxman has said.
For the record: Chubb bids $23bn for rival; Amazon to sell SME insurance; RAC launches pay per mile cover and London team swaps AFL for SRG
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Lyles adds non-exec chair of Rising Edge to portfolio
Kelly Lyles has joined the board of London-based directors’ and officers’ managing general agent Rising Edge as non-executive chair.
Insurance lives in the Covid era – 12 months on from the first National Lockdown: Part Three
On the 23 March 2020 as Covid-19 infection rates soared Prime Minster Boris Johnson told us to “stay at home” triggering the first National Lockdown. One year on Post spoke to a host of insurance workers - the contact centre managers and the claims…