Hiscox
Covid BI claims payouts top £1bn
Insurers have paid out over £1bn in business interruption claims, according to the latest data released by the Financial Conduct Authority.
Female board presence at LMA board almost doubles with appointments
The Lloyd’s Market Association has appointed six board members, bringing a broad range of disciplines to support the market, with the number of females at the group almost doubling to seven.
Intelligence: Pepping up the primary markets
The Financial Conduct Authority is currently consulting on proposals to encourage young, fast-growing firms to seek a public listing at an earlier stage in their development. Edward Murray investigates if this will give a boost to the insurance sector,…
Blog: Why the delay of next generation PPL at Lloyd’s is not a failure
Lloyd's placing platform PPL is often criticised, but when the underwriting rooms were closed last year it ensured the relative stability of the market. Jakub Wróblewski, London Market practice lead at Sollers Consulting, asks what comes next.
Ross Dingwall swaps Hiscox for Partners&
Partners& has recruited Ross Dingwall as managing partner for Scotland from Hiscox UK where he was distribution director, overseeing broker, direct, schemes, partnerships and marketing.
Questgates continues acquisition spree; Dual to buy Align Financial; Right Choice bags Moorhouse; Admiral, Ageas, Allianz, Aviva and Zurich report UK results
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Briefing: Amazon’s insurance play is not the bold move we’ve been waiting for
Amazon’s latest insurance foray won’t move mountains or topple dynasties – but bold isn’t always best.
Analysis: Inside two years of insurance data breach reports
Exclusive: Insurers, brokers and other firms within the industry have made 315 data breach reports over two years, with many of the best known businesses in UK insurance among those to notify and cyber a growing concern.
Government to shoulder cost of live events Covid cancellations with £750m insurance scheme
The UK government has struck a deal with Lloyd’s insurers to ensure live events will be able to purchase cover for cancellation due to government Covid restrictions from next month.
Hiscox shifts cyber insurance stance as it posts $133m H1 profit
Hiscox is seeking to cut its reinsurance exposure to cyber-attacks and refocus its retail cyber insurance portfolio on smaller businesses amid the global surge in ransomware attacks.
Briefing: Dye, Stovin, Masojada and now Reader, is a ‘pangdemic’ reshaping the CEO landscape in UK insurance?
There appears to have been an unseasonally large amount of turnover at the top of UK insurers recently. Jonathan Swift suggests this could be down to something he is calling the 'pangdemic'.
Hiscox/HAG arbitrators said furlough should not be deducted from BI payouts
The arbitrators who heard the dispute over business interruption claims between Hiscox and the Hiscox Action Group said that furlough payments ought not to be deducted from claims awards, Post can reveal.
WTW sells Irish arm to GRP; motor premiums hit five year low; Questgates acquires two firms and LV tops new customer experience report
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Hiscox CEO Bronek Masojada to retire as insurer names successor
Hiscox CEO Bronek Masojada, who has been in post for 21 years, intends to retire at the end of the year.
Climate Wise outlines priorities; WTW claims Lloyd's digital first with Ki; AIG publishes ESG report; Freedom secures funding
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Climate-related disruption set to continue at Lloyd's
The Prince of Wales' climate insurance taskforce launch will not put a stop to protesters taking to Lloyd's to demand a swift end to fossil fuel cover, activist groups have told Post.
PIB presses 'pause' on recommending Hiscox to clients after Covid crisis response
PIB has hit pause on recommending Hiscox to customers but has not ended its agency with the insurer, Post can reveal.
Hiscox settles arbitration with business interruption action group
Hiscox has reached a settlement in arbitration proceedings brought against it by an action group of businesses for business interruption losses suffered during last year’s first coronavirus lockdown.
Carnegie-Brown: Every conversation should be about sustainability, climate and inclusion
Lloyd’s chairman Bruce Carnegie-Brown urged that “every conversation” should be about sustainability, climate and inclusion as the insurance industry partnered with the Prince of Wales for his Sustainable Markets Initiative Insurance Task Force.
Fewer lead underwriters in London market 'an inevitability', says Hiscox's Lawrence
The pool of lead underwriters in the London market shrinking over the next decade is an “inevitability”, Hiscox London Market chief underwriting officer Paul Lawrence has said.
Prince of Wales launches sustainable insurance task force; Aviva joins forces with WWF; Ford links up with By Miles; and LV reveals PI panel
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Hiscox adds ex-Ageas and Brightside leader Mark Cliff to UK board
Hiscox has moved to strengthen the board expertise in its two UK legal entities with the appointments of Mark Cliff, James Illingworth and Jane Hayes as independent non-executive directors.
Analysis: Tackling the Covid-19 business interruption surge
Insurers have paid out final settlements or interim payments on more than 20,000 business interruption claims related to the Supreme Court's January verdict, with Financial Conduct Authority figures and broker testimony suggesting that payout processing…
Hiscox BI claims process 'beginning to work' says Masojada as insurer plays catch up
Exclusive: Hiscox CEO Bronek Masojada spoke to Post about the insurer's business interruption claims handling, sharing details on its 200-strong claims surge team, why it was a 'bit slow in getting going', and shedding light on its collaboration with…