Commercial
Q&A: Tulsi Naidu, Zurich
Zurich UK CEO Tulsi Naidu will become the firm's Asia Pacific CEO in Singapore from 1 January 2021. She spoke to Post about her tenure in the UK, the importance of transparency and the challenges facing the market.
No Supreme Court BI judgment before January, says FCA
Insurers and policyholders will have to wait until next year for the final outcome of the Financial Conduct Authority-led business interruption test case, according to an update from the regulator.
CPC flags Lockton admissions in ongoing court case
Combined Property Control has reported that it will rely on admissions made by Lockton as it replied to the broker’s defence document submitted to the High Court in their ongoing legal dispute.
Intervene in contingency market by January to save 2021 events, government told
An open letter asking for the UK government to underwrite a Covid-19 contingency insurance product has been described as “a last throw of the dice” to save the 2021 entertainment and sporting calendar by one of the campaign’s architects.
Aon’s Julie Page on responding to unmet insurance needs
Aon UK CEO Julie Page reveals her focus as president of the Chartered Insurance Institute and calls on the industry to step up the pace in finding solutions to society’s evolving risks and protection gaps.
Hiscox confirms Tom Shewry as UK CFO
Hiscox has appointed Tom Shewry as chief financial officer for its UK business and Hiscox Insurance Company.
FCA consults on proving presence of Covid-19 for BI claims
The Financial Conduct Authority has launched a consultation on guidance to policyholders, insurers and intermediaries on how the presence of Covid-19 in a particular area may be proved for the purposes of business interruption claims.
For the record: The week in deals featuring Covea, Davies, Inigo and Zurich
Post wraps up the major insurance deals of the week.
Fully Comp episode 9: Not so Home Alone – how do you replicate the company Xmas party on Zoom?
Welcome to episode nine of Fully Comp, Post’s video series tackling some of the biggest issues in insurance.
Brit names RSA’s Gavin Wilkinson as group CFO
Brit has appointed Gavin Wilkinson as group chief financial officer, joining from RSA where he is currently CFO for Scandinavia.
East West administrators reveal 194 open claims and £165m shortfall
East West Insurance had 194 open insurance claims as of 12 October, administrator EY has confirmed.
Insurers face £1.4m shortfall from Inspire failure
Insurance providers are set to be left with a £1.4m hole from the collapse of Coventry-based Inspire Insurance Services, with the broker's total deficit estimated at £2.7m by liquidators.
Aston Lark’s Peter Blanc on the differences in this version of the hard market
Peter Blanc, group CEO of Aston Lark, analyses the characteristics of the ongoing hard market arguing that while there is a ‘perfect storm’ of reduced capacity, losses, low investment returns and a dramatic recession there will be opportunities for well…
Tasker targeting up to five more deals in 2021 after Numark buy
Tasker Insurance Brokers is looking to expands its regional footprint with a series of hub purchases next year, group CEO Rob Organ told Post.
Intelligence: Captives - Risk appetite shift threatens change in composite market
As the spectre of a hard market looms and captive insurance options look more attractive, Post investigates the impact this will have on the commercial insurance market, particularly if the hard cycle is prolonged and the corporate appetite to retain and…
Video Q&A: Aviva GI leadership team – Phil Bayles, Gareth Hemming, Colm Holmes and Patrick Tiernan
At this year’s British Insurance Awards Aviva scooped a quartet of awards including General Insurer of the Year.
Blog: Insurtechs need to get real and stop promising the world
Following a spate of insurtech failures, Rebecca Jones, CEO and co-founder of drone technology provider Iprosurv, argues that newcomers need to get real and stop promising the world.
Spotlight: Cyber - How have cyber risks changed since the Covid-19 pandemic started?
With millions of UK employees forced to work from home during the Covid-19 lockdowns, organisations are more aware than ever of the cyber risks they face. But, while many expect this to push up demand for cyber insurance, the new landscape could also…
Robus buy adds alternative capital 'string to the bow' of Geo
Ardonagh-owned Geo has bought Guernsey-headquartered insurance management, fiduciary and financial advisory group Robus for an undisclosed sum.
Supreme Court clarifies arbitration bias in Deepwater Horizon Chubb ruling
The Supreme Court has dismissed an appeal in the case of Halliburton v Chubb Bermuda Insurance, ruling in favour of the insurer on an arbitration issue in a Deepwater Horizon case.
Blog: Lloyd’s and the London Market, your time has come
With Lloyd’s, London market and wholesale broker accountability drawing the regulator’s attention in recent weeks, Michael Sicsic, managing director of Sicsic Advisory and former Financial Conduct Authority head of retail general insurance supervision,…
C-Suite: AIG’s Anthony Baldwin on people power
AIG UK CEO Anthony Baldwin shares how he will focus on London’s role as a global centre for insurance and a hub for talent during his year as president of the Insurance Institute of London.
Axa blames Lockton errors in defence to property developer's fire claim
Axa has blamed Lockton for issuing an incorrect certificate as the insurer estimated its liability for the damage portion of a property claim at £541,000 rather than the £1.7m being sought by property investor Aubrey Weis in a High Court action.
Trade Voice: Airmic’s Julia Graham on the D&O market
As premium rates for directors' and officers' rocket, Airmic deputy CEO and technical director Julia Graham says insurers need to wake up and innovate if they wish to prevent a flight to alternative risk financing by insureds.