Sompo International has appointed Richard Brown to lead a new team focusing on property business through retail distribution channels in the UK, Europe and selected international territories including the Middle East and Israel.
The number of business interruption claims being submitted after the Supreme Court judgment has increased significantly with more anticipated over the coming weeks, loss adjusting firms have told Post.
Hugh Savill, the Association of British Insurer’s director of regulation for 17 years, has joined boutique financial services risk and regulation consultancy Sicsic Advisory as a senior advisor, Post can reveal.
Frustrated policyholders call for insurers to ‘take responsibility’ after Supreme Court rules many are due payouts
Policyholders and their representatives have called for insurers to “take responsibility” and “immediately start paying claims” in the wake of a bittersweet Supreme Court judgment on disputed coronavirus-related business interruption policies.
David Russell, chief compliance officer at Be Wiser Insurance, was part of the Financial Services Authority team that brought in the Insurance Mediation Directive and statutory regulation of brokers. Here he looks at the implications of the Financial…
The ratings of UK non-life insurers are likely to be unaffected by the Supreme Court ruling on Covid-19 business interruption claims, according to Fitch.
Simon Behagg will takeover as Gallagher Re CEO in February from co-founder Rupert Swallow, the broker has confirmed.
The industry must address the expectation gap on the back of the Supreme Court business interruption ruling, brokers said as they forecast tougher times ahead for managing general agents.
The Supreme Court’s ruling in favour of the Financial Conduct Authority on behalf of policyholders in the cases versus insurers over Covid-19 business interruption claims will have long-term ramifications for causation and trends clauses, according to…
Clarity on the potential for 200 UK job losses, and more in Scandinavia, is being sought by RSA employee representatives.
The Supreme Court has substantially found in favour of the Financial Conduct Authority in the final stage of the Covid-19 business interruption test case. Post highlights key points given among the reasons behind the ruling.
Hiscox’s share price fell 4.5% in the immediate aftermath of the Supreme Court ruling in the Covid-19 business interruption test case.
The Supreme Court will issue its ruling today in the Covid-19 business interruption legal case with up to 370,000 policyholders and their insurers awaiting the outcome.
Chaucer has promoted Deborah Wyatt to head of political risk and credit to replace current head Nick Kilhams who is retiring after 22 years with the company.
Briefing: Trust in travel insurance has fallen, could ‘Covid cancellation’ cover mean another hit this year?
With trust in travel insurance falling, Post news editor Jen Frost considers the impact of so-called Covid cancellation cover in 2021.
Pamela Rosado has been appointed general counsel for Axa XL.
Property investor Aubrey Weis and his company Elcombe have denied Axa’s counterclaim and the issues set out in the provider’s defence document in the ongoing legal dispute over a £1.7m claim.
Michael Rea, CEO of Gallagher’s UK retail division, has hailed the takeover of Bollington as supercharging the firm’s presence in the North West and adding specialisms to the group.
SSP made an after tax loss of £115m in the 18 months to 30 September 2019 and breached its banking covenants in March 2020, the business has revealed ahead of its takeover by Canadian firm Constellation Software.
From trade tariffs on parts and whiplash reform, through to fraud, automatic lane keeping technology and connected vehicles, there is plenty for insurers to keep an eye on this year, says Jon Dye, director of motor at QBE.
Insurers have maintained their graduate programmes during the coronavirus pandemic, according to an investigation by Post, and adapted to the challenges of training and recruiting in a virtual world to keep this crucial entry route into the profession…
Users have expressed hope that SSP’s expected takeover by Canadian-listed Constellation Software will lead to investment in the technology company as it exits private equity ownership.
The insurance needs of the gaming sector are complicated and ever evolving but there are plenty of opportunities for those prepared to immerse themselves in this flourishing market.
The Financial Conduct Authority imposed fines of £192,570,018 in 2020, the third lowest total on record since the watchdog was formed in 2013.