Ace promotes pension liability cover

Ace Europe has launched cover for pension trustees by with an enhanced pension trustee liability insurance product.

Pension trustees are facing both a significant increase in liabilities arising from the Pension Act 2004 and a greater threat of litigation.

Ace claims to provide greater protection for trustees by

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.