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Backing a winner

While the UK is united in its support of motor-racing prodigy Lewis Hamilton, the underwriters that insured his potential contractual bonus earnings must be hoping for other drivers to get a look in. Marcus Alcock investigates a niche market that spends heavily on national sporting successes.

It is often said that the British love a good loser — especially, it seems, if you are a London market contingency underwriter. In recent weeks, it has emerged that the UK's latest sporting hero —

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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