News
Insurer home and motor pledges to continue until end of October
Home and motor insurance pledges made by the Association of British Insurers to support customers during the Covid-19 crisis will remain in place until at least 31 October following an extension.
QBE CEO Pat Regan leaves insurer after investigation
Pat Regan, QBE group CEO, will leave the business following an investigation into “workplace communications.”
Climate protesters expected at Lloyd's today
Climate advocates calling for Lloyd's to “wash its hands of coal and tar sands” are expected to gather outside the Lloyd's building this morning as the underwriting room reopens.
Gallagher appoints Michelle Bree as UK retail COO
Gallagher has appointed Michelle Bree, currently chief operating officer at Pen Underwriting, as chief operating officer for its UK retail division, with effect from 1 October.
Updated: Over one million homes at risk as Hurricane Laura brings ‘unsurvivable’ storm surge to US Gulf Coast
Hurricane Laura, which made landfall in Louisiana early this morning as a category-four storm, has the potential to impact 1.1 million homes worth $265bn in terms of reconstruction cost value, according to Core Logic.
Aon and WTW merger gets shareholder vote of approval
Aon and Willis Towers Watson shareholders have voted in favour of the risk giants' merger.
Leisure and hospitality sector faces 'plethora' of employers' liability claims
Businesses in the leisure and hospitality sector have been warned they face “inevitable” employers’ liability claims from employees who contract the coronavirus on the job or are otherwise injured as a result of changes made by businesses post-lockdown.
Senior underwriting departures at MS Amlin as restructure continues
MS Amlin Underwriting has named a single chief underwriting officer, with its co-CUOs for specialty insurance to leave the business at the end of September.
Storm Francis eyes UK as August weather claims continue
The Met Office has issued further wind and rain warnings for today as storm Francis hits the UK, while the impact of Scottish floods continues to be felt.
Brokers urge Biba not to spread itself too thin after redundancies
Brokers have voiced their support for the British Insurance Brokers’ Association but urged the trade body to continue to cover all the issues as the association made five staff redundant.
Ecclesiastical ducks to £59.7m loss for H1 2020
Insurer Ecclesiastical made a loss before tax of £59.7m for the first half of 2020 as the Covid-19 impact bit.
Automated lane keeping systems advent raises insurance challenges
Insurers have welcomed the government’s consultation into the safe use of automated lane keeping systems in vehicles but warned against making the “huge leap” of believing this “clever bit of technology” is the same as an automated car.
Competition watchdog opens inquiry into Bupa’s CS Healthcare takeover
The Competition and Markets Authority has opened an inquiry into Bupa Insurance’s proposed merger with CS Healthcare, a Friendly Society with approximately 18,500 members originally set up in 1929 to provide health insurance cover for members of the UK…
Analysis: Why falling premiums do not mean clear cut savings for motorists
Falling average motor premiums may represent less significant savings for individual consumers than at first glance, experts have cautioned, while a swift return to pre-Covid motor premium levels is "not inevitable."
François-Xavier Boisseau made ERS chair after Amanda Blanc’s Aviva move
Former Ageas UK CEO François-Xavier Boisseau has been appointed as ERS chair following Amanda Blanc’s surprise Aviva CEO appointment.
CII hands in notice for its London office
Exclusive: The Chartered Insurance Institute is mulling an exit from its Lombard Street office.
Direct Line told to pay former employee £37,000 for unfair dismissal
Direct Line has been ordered to pay £36,998 to a former employee who claimed they were unfairly dismissed, Post has learned.
Sabre chairman Patrick Snowball’s successor named as Andrew Pomfret
Sabre senior independent director Andy Pomfret will take over from the insurer’s chairman Patrick Snowball at the beginning of September.
Analysis: Ethnicity pay gap reporting - getting the ball rolling
With growing pressure on the government to introduce mandatory ethnicity pay reporting to measure inequality in the workplace, Post investigates what steps the industry is taking to prepare and what is still to do.
Kennedys launches virtual work experience programme
Kennedys has launched a virtual work experience programme to replace its usual in-person version and still be able to give would-be lawyers a taste of legal life during Covid-19 disruption.
Ardonagh buys £20m GWP Thames Underwriting
Ardonagh has bought managing general agent Thames Underwriting for an undisclosed sum adding £20m in gross written premium to the business.
Storms drive claims spike in Scotland, North West England and Wales
Loss adjusters are reporting spike in flood and storm related claims across Scotland, North West England and Wales, as the Met Office extends weather warnings across the UK until the end of Tuesday.
RSA and Enstar insurers in £1.1m Haringey Council child abuse court actions
Enstar-owned Mercantile Indemnity has been ordered to pay out £1.1m after an appeal against a Haringey Council child sexual abuse payout failed. Mercantile appealed a 2019 judgment where RSA was the original insurer after it inherited the claim as part…
Bollington breaks through £200m GWP with Watson Laurie buy
Bollington has bought North West based corporate insurance broker Watson Laurie for an undisclosed sum, Post can reveal.