UK
Acturis reports 10% dip in platform use during pandemic as it picks up Partners& business
Activity across Acturis’ software platform has reduced by 10% during the coronavirus pandemic, Acturis co-CEO Theo Duchen told Post as he detailed the company's Partners& technology supplier win.
Interview: Pool Re CEO Julian Enoizi
Pool Re boss Julian Enoizi spoke to Post senior reporter Emmanuel Kenning about Pandemic Re, the Office for National Statistics change in the terrorism reinsurer’s classification and using its funds to pay for business interruption claims in the…
Ardonagh’s Paul Dilley heads for RSA
RSA has appointed Ardonagh’s Paul Dilley as UK and international chief underwriting officer replacing Adrian Sweeney who is emigrating to New Zealand.
Enoizi counsels against using Pool Re to pay for coronavirus BI claims
Using Pool Re’s £6.6bn fund to pay coronavirus business interruption claims would not be the greatest idea, CEO Julian Enoizi told Post as part of an exclusive interview.
Biba CEO Steve White on staying afloat
In an exclusive blog for Post on the day he was supposed to be giving his keynote speech at the 2020 British Insurance Brokers' Association conference, Biba CEO Steve White shares his thoughts on keeping lines of communication open during the coronavirus…
Airmic warns insurers of long-term damage to trust from Covid-19 crisis
John Ludlow, CEO of Airmic, has warned that the insurance industry is at a “critical juncture” due to the coranvirus crisis with member surveys suggesting the hardening market is already forcing businesses to look at alternative risk transfer options.
Allianz and LV's £68m weather hit edges first quarter COR above 101%
Allianz Holdings, comprising of LV General Insurance and Allianz Insurance, saw £68m in claims relating to storms and flooding in the first quarter of 2020 as Allianz unveiled a global property and casualty €400m (£351m) Covid-19 hit.
Robert Wilson promoted to deputy CUO and underwriting boss for Chubb Global Markets
Chubb has appointed Robert Wilson as deputy chief underwriting officer and head of underwriting operations for Chubb Global Markets.
Hackers Maze release four files of alleged Chubb data
Ransomware group Maze has published four sets of data labelled as “proof” of its hack of insurance giant Chubb.
Direct Line saw motor claims slide 70% in April
Motor claims notifications fell 70% at insurer Direct Line Group in April compared to the same month in 2019, as drivers stayed indoors due to lockdown measures.
François-Xavier Boisseau reunites with Amanda Blanc at ERS
Former CEO of Ageas UK Insurance François-Xavier Boisseau has joined the board of ERS as a non executive director.
Hiscox raises £375m
Hiscox has raised roughly £375m through sales of shares, having announced its intention to raise on Tuesday afternoon.
Matthew Crane joins THB from QBE as CEO
Matthew Crane has joined THB Group as CEO and president of the international division of Amwins Group.
Experts warn of potential broker insolvencies due to premium finance proposals
The British Insurance Brokers’ Association and premium finance providers have warned of a possible hit to broker solvency in the event of bad debts under the proposed guidance issued by the Financial Conduct Authority last week.
Alway exits chairman role at Bravo
Alex Alway has resigned as chairman of Bravo Group, the business has confirmed.
Iprism growth on track after restructure, says MD Ian Lloyd
Iprism Underwriting Agency is growing its underwriting and bottom line profits after its restructure last year despite the impact of the coronavirus pandemic, according to managing director Ian Lloyd.
Interview: Partners&'s Barton & Reid
The easy answer to the question “when is a consolidator not a consolidator” is when nobody is being bought. Phil Barton and Stuart Reid spoke to Post senior reporter Emmanuel Kenning about their latest venture Partners&.
FCA consults on insurance payment deferral guidance
Insurers, brokers, premium finance lenders and more have been told by the Financial Conduct Authority to consider giving payment deferrals and refunds as well as waiving cancellation fees to customers hit financially by the coronavirus epidemic.
FCA scrutinises insurance value for money during coronavirus crisis
The Financial Conduct Authority has ordered firms to analyse if and how the coronavirus pandemic has impacted the value of personal and commercial lines insurance products and take appropriate actions.
Barton plans to more than double Partners& headcount to hit five year £50m revenue target
Phil Barton, CEO of newly formed Partners&, has forecast that the business can grow from 140 staff and £65m in gross written premium to 350 people earning £50m of revenue within five years without further buys.
Trade Voice: Foil's Jennette Newman on vicarious liability
Jennette Newman, vice-president of the Forum of Insurance Lawyers and partner at Clyde & Co, discusses the legal developments around vicarious liability and what recent court cases such as those involving Barclays and Morrisons mean for insurers.
County Group founder Dave Clapp leaves GRP-owned business
Dave Clapp, founder and CEO of The County Group has left the Global Risk Partners-owned business but remains a shareholder.
CII appoints Helen Phillips as first independent board chair
The Chartered Insurance Institute has made Helen Phillips its first independent chair as it splits the role of leading the board from that of the president.
Interview: ABI's Huw Evans on not losing faith in insurance
It clearly is not great for the insurance industry’s reputation “to be in a position where it has so many unhappy customers,” Huw Evans, director general of the Association of British Insurers has admitted.