Pool Re
iCan founder launches broker; Chaucer enters weather market; RSA's property director
Thursday Round-Up: As tomorrow is Good Friday, Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week, a day early.
Government to launch Martyn’s Law consultation after Christmas
The government will launch a consultation on proposed counterterrorism measures that smaller premises will have to take as soon as possible, according to a Home Office official.
Diary of an Insurer: Pool Re’s Jonathan Gray
Jonathan Gray, chief underwriting officer of Pool Re, is careful about cyber security while working on the train and considers how to protect the UK’s publicly accessible locations from terrorist attacks.
Is it time to start lobbying the government to help insure SMEs?
News editor's view: Despite business insolvencies increasing year-on-year, SMEs are still not taking out insurance and, when they do, they often remain underinsured. Is it time for the government to step in?
Industry lacks a ‘credible understanding of terrorism in the UK’
The insurance industry needs to brush up on its understanding of terrorism risk ahead of the expected passage of Martyn’s Law next spring, Pool Re has said.
Pool Re welcomes Martyn’s Law draft legislation
Pool Re welcomed the publication of draft legislation that will require publicly accessible premises to increase efforts to mitigate against terrorism risk.
Q&A: Tom Clementi, Pool Re
Tom Clementi, CEO of Pool Re, updates Insurance Post on plans for the terrorism reinsurer to switch to a treaty model, and explains recent developments in the UK's domestic terror landscape.
Pool Re CEO warns terrorism threat is ‘evolving’ due to the cost-of-living crisis
The cost-of-living crisis has affected SMEs’ ability to afford some types of non-essential insurance products, such as terrorism cover, according to Tom Clementi, CEO of Pool Re.
Diary of an Insurer: RSA’s Jessica Riley
Jessica Riley, terrorism lead for commercial lines at RSA, packs in school runs, training for charitable races, a Christmas team catch-up, and making amendments to e-learning modules for terrorism into her working week.
Government unveils plans for stronger protection against terrorism attacks
Insurers have called new legislation, which will be introduced to tighten security at venues in the wake of the Manchester Arena bombing, an “important step in enhancing the protection of the UK’s publicly accessible locations."
Trade Voice: ABI's Hannah Gurga reinforces the vital role insurance is playing in the midst of the permacrisis
Hannah Gurga, director general of the Association of British Insurers, says the industry needs to shout about the vital role it plays in society, and argues that regulatory reform could enable it to have an even greater impact.
Underwriters and brokers to face post-Protect Duty learning curve, says Aon's Bolton
Consensus on how to underwrite casualty programmes affected by the proposed counterterrorism Protect Duty will take time to develop, Aon’s director of GBC crisis solutions Scott Bolton has told Post.
Stubben Edge and Helodrium join forces; Specialty MGA UK launches in London; PIB appoints group CFO
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Protect Duty legislation likely to push up the price of liability cover - RSA UK's Harrison
Forthcoming counterterrorism legislation is likely to push up the price of liability insurance and make higher limits harder to obtain for some businesses, says RSA UK Specialty's casualty head Steve Harrison.
Pool Re makes case for becoming treaty reinsurer
Pool Re’s proposed move to a treaty reinsurance model would be “the most fundamental reform” in the government-backed terrorism reinsurer’s history, CEO Tom Clementi claimed.
Public-private partnership to tackle systemic risks 'in the government's interest', says Pool Re CEO Clementi
Pool Re CEO Tom Clementi has said that it is in the government’s interest to pursue a public-private partnership with the insurance industry to address systemic risks.
Admiral defeats fundamentally dishonest fraudster; Ardonagh Academy launched; start-up Coral aims to disrupt LEI sector; and Pool Re to cut prices
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers to pass on Pool Re price reductions to policyholders
Insurers have signalled that they will pass on reductions in the price of terrorism reinsurance to policyholders when Pool Re cuts its overall pricing in October.
Intelligence: Our duty to protect must begin now
Protect Duty legislation has been touted as a way to reduce the potential for catastrophic events from terrorist attacks at publicly accessible locations, and it is likely to affect public and employers’ liability polices. But, as Edmund Tirbutt reports,…
Enoizi joins Guy Carpenter in global role
Guy Carpenter has appointed Julian Enoizi as global head of public sector.