News
Lloyd’s stays open for business amid Covid-19 office closures
Lloyd’s has taken the decision to stay open including its underwriting room with a small office-based team keeping the London building open and critical services running.
Insurance tech firms confident of full service during coronavirus pandemic
All insurance technology suppliers contacted by Post are confident their business continuity plans will maintain a full service for insurer and broker clients as the UK increasingly moves to remote working due to the ongoing Covid-19 crisis.
ABI confirms 'most businesses' will not be insured for coronavirus closures
The Association of British Insurers has issued a statement confirming that most companies won't have purchased insurance cover that would enable them to claim following the government's advice yesterday on coronavirus.
Aspen reports ‘disappointing’ results for 2019 as it appoints CFO
Aspen Insurance has reported an operating loss after tax of $48.4m (£39.7m), which it says is driven by costs relating to the acquisition of the company by Apollo Global Management, restructuring costs, reserve strengthening, unrealised investment losses…
Insurance representative bodies update on coronavirus working plans
The London and International Insurance Brokers’ Association has remained open but is ready to close its office and work remotely according to CEO Chris Croft.
RIMS cancels US conference for first time in 70-year history due to coronavirus concerns
North America’s Risk Management Society has cancelled its annual conference and exhibition in light of growing concerns about the spread of the coronavirus.
Bought By Many adds Jim Sutcliffe as chair
Exclusive: Bought By Many has appointed former Prudential UK CEO Jim Sutcliffe to chair the company.
QBE to close UK offices to test coronavirus readiness
QBE will shut nine UK offices on Wednesday as it stress tests its remote working contingencies in response to the coronavirus pandemic.
Lloyd Hanks joins Schemeserve
Schemeserve has appointed Lloyd Hanks to its advisory board.
Insurers monitoring Biba conference plans after Axa pull out
This morning Axa told Post it would not be exhibiting at the British Insurance Brokers’ Association annual conference due to coronavirus concerns.
Alex Alway leaves executive director role at Ardonagh
Alex Alway has retired from his position as executive director at Ardonagh but remains as executive chairman of both Broker Network and Compass Broker Holdings at Bravo Group.
This week: Keep calm and carry on
This week the World Health Organisation labelled Covid-19 a pandemic as the number infected worldwide and fatalities from the disease continue to rise. As global stock markets crash sparking fears of a recession, the ripple effect has been felt across…
Updated: Admiral, Aviva and Direct Line latest to pull travel cover
Aviva, Admiral and Direct Line have joined a growing list of insurers that have pulled travel insurance products off the market due to the coronavirus outbreak.
LMA publishes coronavirus disruption clause as Lloyd's conducts stress test
The Lloyd’s Market Association has published policy language that aims to ensure policyholders aren’t left without cover if the coronavirus outbreak disrupts renewal discussions.
Axa pulls out of Biba conference over coronavirus fears
Exclusive: Axa UK&I, Axa XL and Axa Partners will not be attending the annual British Insurance Brokers’ Association’s conference in May due to concerns over coronavirus.
FCA delays dual pricing report till June
The Financial Conduct Authority has postponed its final general insurance pricing practices market study report from this quarter to June 2020.
Green alternatives to courtesy cars gaining traction among young drivers according to new research
Motor insurance policyholders – especially younger drivers - are interested in green alternatives to courtesy cars, new exclusive research for Post has revealed.
Lloyd’s closes underwriting room in coronavirus exercise
On Friday Lloyd’s will close its underwriting room at 1 Lime Street as it tests its alternative trading protocols.
Zurich tells insurtech partner to pull travel disruption extra
Exclusive: Zurich has told its insurtech partner Pluto to pull a travel disruption coverage add-on due to the coronavirus pandemic, but says this does not affect Zurich branded policies.
LV pushes pause on travel insurance
Insurer LV has ceased to offer further travel policies in the wake of the coronavirus pandemic.
Jelf reveals expletive laden messages as it brings £1.2m case against DRP
Jelf Insurance Brokers has filed a £1.2m client and team poaching case at the High Court of Justice against David Roberts & Partners (Insurance Brokers), David Roberts & Partners (York) and three individuals.
Analysis: The insurtechs crossing the Channel
This winter, three European insurtechs have signalled their ambitions to expand to the UK market. Post investigates whether they are outliers or likely to be the first cohort of an insurtech invasion.
Budget 2020: IPT stays the same as government bolsters flood defence spending
Insurance Premium Tax has remained at 12% in today’s Chancellor’s budget, as the government pledged to boost spending on flood defences.
Axa faces backlash as influencer pulls ‘short sighted’ IWD ad
Instagram influencer Simon Hooper has apologised to followers after an International Women’s Day post sponsored by Axa was slated as offensive.