News
FSCS 'working with' Gable liquidators after premium refunds court ruling
Exclusive: The Financial Services Compensation Scheme is working with failed insurer Gable's liquidators to understand the impact of a European Free Trade Association court judgment on recoveries, with some of the insurer's policyholders set to lose out.
Qudos buyer’s €46m lawsuit against former owner pushed back
Qudos owner New Nordic Advisor’s legal action against Echelon Financial Holdings has been delayed due to the coronavirus pandemic.
Future Focus 2030: The future of motor podcast - the road map to change
It is the year 2030. As the demands for a green economy has intensified the government has announced the ban on selling new petrol, diesel or hybrid cars in the UK will be brought forward from 2035 to this year (2030). Concerns still exist over electric…
Insurance Covid-Cast episode 17: As coronavirus hits has Brexit planning fallen by the wayside?
Our expert panel warns that brokers with EU trade who haven't acted already may have left it too late.
Insurers and their associations slammed as 'missing in action' in face of climate risk
Exclusive: Despite some support of recovery plans for Covid-19 leading to a resilient, net-zero and inclusive economy, the sector has been criticised for a weak response to a coalition of non-governmental organisations' calls to support green and fair…
Lloyd's transfer of EEA policies to Brussels given High Court go-ahead
The High Court has green-lit Lloyd’s plans for notifying European policyholders that their business will be transferred to the market’s Brussels branch later this year.
Insurance Covid-Cast episode 16: “From feast to famine in ten days” – How the travel insurance sector is dealing with the Coronavirus with no sales
In the latest episode of Post and Insurance Age’s video series we gathered together a group of travel insurance experts to discuss how the travel insurance sector is coping with a “tsunami of claims” and whether it will bounce back post-pandemic.
London Bridge terror attack survivors and victims' families receive claims settlement
Survivors of the London Bridge terror attacks and victims’ families have had compensation paid by Probus, the insurer of the car rental company Hertz.
Analysis: Concerns grow over coronavirus claims fraud
Claims farmers looking to exploit the new type of claims arising from coronavirus will contribute to an increase in fraud, warn lawyers.
One Voice Group urges ABI and senior insurance executives to attend talks with 'open minds'
The Association of British Insurers missed the point in its response to a letter from One Voice Group, Stephen Gould, chairman of the hospitality representative body, told Post as he reiterated the call for leadership and engagement.
Showcase your talent with the 2020 Insurance Fraud Awards
Now in its twelfth year Post' s Insurance Fraud Awards is your opportunity to promote the outstanding work your business and employees have been doing to curtail and catch criminals intent on making money through nefarious means.
Law firm names Hiscox and RSA as BI class action litigation targets
Law firm Edwin Coe has invited businesses that have been denied business interruption cover by Hiscox and RSA to join two group claims it is putting together, as litigation against insurers by rejected policyholders cover continues to proliferate.
This week: Zooming into the headlines
As the UK looks forward to its first bank holiday with lockdown restrictions beginning to ease in England and plans published in Scotland, Wales and Northern Ireland it is time to look back at the top stories of the week.
Trio of insurtechs raise almost £20m as market warned of slowdown in investments
A trio of insurtechs have confirmed early-stage fund raising of almost £20m only one week after the market was warned to expect a slowdown in investment due to Covid-19.
Ex-Besso boss Bird joins EC3 Brokers
EC3 Brokers has appointed former Besso CEO and chairman Colin Bird to work alongside senior management.
BGL Group founder Douw Steyn tops insurance rich list
BGL Group founder Douw Steyn, former Saga bosses Sir Roger and Peter De Haan and Admiral founder Henry Engelhardt are among 16 industry figures to make the latest Sunday Times Rich List.
Insurance Covid-Cast episode 15: Has there been a rise in cyber threats and scams during coronavirus lockdown?
In the latest episode of Post and Insurance Age’s video series we gathered together a group of cyber experts to discuss how hackers and scammers are using Covid-19 to prey on people’s thirst for knowledge and information at this time.
Trio of winter firm failures inflate insurer contributions to FSCS levy
General insurers will pay £8m more in Financial Services Compensation Scheme levy contributions than previously anticipated due to the recent failure of three firms.
Ardonagh outlines coronavirus lockdown impact
Ardonagh Group has revealed a 1% drop in income year-on-year in April, pointing to a limited impact from the Covid-19 crisis as adjusted Ebitda rose to £20.7m.
Educating and representing during Covid-19: How insurance trade and training bodies are operating remotely
There has been a lot of focus on how different insurance companies have responded to the Covid-19 pandemic, but what about the representative and educational organisations that are part of the lifeblood of the sector? Post content director Jonathan Swift…
Towergate strikes first buys of 2020
Towergate Insurance Brokers has bought the Education Staff Absence insurance book from Integro and snapped up farm insurance specialist Edwards & Swan Insurance Brokers.
Aviva predicts £200m in Covid-19 BI claims
Aviva has predicted it will see £200m in business interruption claims net of reinsurance.
Hospitality businesses gear up for group action against Aviva and QBE
Aviva and QBE face multimillion pound claims from a group of hospitality businesses that were denied cover when they sought to recoup pandemic-related losses.
London Market report shows steady commercial share but reinsurance declines
The London Market was responsible for $110bn (£89.7bn) of premium in 2018 with 8.1% year on year core growth across property, casualty and financial lines, according to the latest research by the London Market Group.