News
Clarity and closer relationships needed in cyber insurance market, risk managers hear
Greater clarity is needed around where cyber insurance policies stand with regard to war and terrorism exclusions, catastrophe risk and ransomware, the global head of financial lines at Allianz Global Corporate and Specialty said on Tuesday.
Motor Mouth Podcast 17: Tackling road safety with technology
Right at the forefront of the challenge to ensure that Britain’s roads remain safe is technology.
R&Q reveals MGA book growth in 2020
Randall & Quilter grew its managing general agent relationships to 36 by the end of the first half of the year, the firm has revealed.
Employee mental health at top of insurer agendas, conference hears
The Covid-19 pandemic has pushed mental health to the top of insurer agendas as many employees continue to work from home, HDI Global director of distribution Stephanie Odgen has said.
Creativity and innovative thinking the differentiators, says HDI leader McDonald
The insurance industry needs to work collaboratively to promote the benefit of careers in insurance to boost the range of diverse talent and thinkers in organisations, according to Claire McDonald, UK and Ireland managing director at HDI Global.
‘Do not destroy your product,’ Ferma board member warns insurers
A Ferma board member has warned insurers not to “destroy” their product after outlining how relationships with underwriters had been strained in recent months amid quickening market hardening.
Effects of climate change bite at UK corporate insurance renewals
British-based corporations are already finding it harder to access insurance coverage because of the effects of climate change, Marsh & McLennan’s director of climate resilience told risk managers on Tuesday.
Ageas sells Tesco Underwriting stake for at least £125m
Tesco Bank will pay Ageas at least £125m for its 50.1% stake in Tesco Underwriting as it confirmed the deal first revealed by Post last year.
Insurers extend temporary coronavirus support measures
Pledges made by the Association of British Insurers and its members to assist customers during Covid-19 disruption have been extended until the end of the year.
East West Insurance enters administration as tower block fire safety claims mount
The High Court has put structural defects specialist East West Insurance Company, which purchased a portfolio from Zurich in 2018, into administration and appointed Ernst & Young as administrators.
Fully Comp episode 2: What next for Lloyd’s after the trading floor re-opening?
Welcome to the second episode of Fully Comp, Insurance Post’s new regular video series tackling some of the biggest issues in insurance.
Airmic CEO John Ludlow to step down
John Ludlow, CEO of risk manager association Airmic, is expected to step down in early 2021.
Catastrophically injured claimant granted accommodation costs in landmark ruling
The Court of Appeal has rewritten the approach to calculating personal injury accommodation claims in a landmark judgment that awarded the claimant additional damages of £802,000 for the cost of special accommodation.
Axa XL reveals raft of leadership appointments for UK and Lloyd’s
Axa XL has unveiled a series of UK and Lloyd’s leadership appointments following the implementation of its latest insurance operating model on 1 October.
UK General posts £8.3m operating loss and confirms business line exits
UK General Insurance lost £7.9m after tax in the year ended 31 March 2019, reversing a £838,582 profit the year before.
Julie Page named CII president
Aon UK CEO Julie Page has been appointed president of the Chartered Insurance Institute.
Scrap IPT for young driver telematics insurance, select committee advised
Brokers called for the government to introduce a zero-rate insurance premium tax for young driver telematics policies in oral evidence at the Transport Committee’s inquiry into road safety and young and novice drivers.
Carl Shuker hails growth potential as A-Plan buys Ingenie from Watchstone
A-Plan Group has struck its first deal since being bought by Hyperion snapping up telematics specialist Ingenie.
Allianz appoints Graham Stait as head of claims operations
Allianz Insurance has promoted Graham Stait to head of claims operations following the departure of Jeremy Trott to Ecclesiastical, Post can reveal.
NHBC launches inaugural apprenticeship scheme
NHBC, a warranty and insurance provider for new homes in the UK, has become an Education and Skills Funding Agency-approved provider of apprenticeships and launched its first apprenticeship scheme aimed at developing the next generation of house building…
Infectious disease climbs and terrorism falls among concerns of global business leaders
Infectious disease is now the second main concern for business executives globally, jumping 28 places from its ranking in 2019 in the wake of the Covid-19 pandemic, according to the World Economic Forum’s interactive map on Regional Risks for Doing…
London company market’s grip on European premiums slipping away
The value of premiums written in Europe but overseen and managed by the London company market dropped 60% in 2019, according to the International Underwriting Association.
James Gearey named personal lines and protection MD at Covéa
Covéa Insurance has appointed James Gearey to the newly created position of managing director for personal lines and protection.
Mike Keating keen to grow insurer member levels at MGAA
Recently appointed managing director of the Managing General Agents’ Association Mike Keating has set out his vision for the association with growth of insurer partners high on the agenda.