United Kingdom (UK)
Trade credit insurers in cover limits and pricing re-think
Trade credit insurers are looking at pricing and cover limits as the coronavirus crisis continues to unfold, Post understands, as they warn virtually no sector will be left unaffected by the pandemic.
Ex-Jelf boss Phil Barton to helm PE-backed broker agglomeration
Former Jelf boss Phil Barton is set to return to the market as CEO of Partners &, a private-equity backed broker that brings together five broking houses operating across the South East, South West and Midlands.
Motor insurers warned to do ‘right thing’ on mid-terms or face cancellation wave
As homeworking becomes the norm and the government advises travel for only essential reasons, motor insurers have advised careful consideration of mid-term adjustments for cost-cutting to ensure adequate cover remains, but a consumer group has warned…
Insurer gender pay gaps shrink slightly
Insurers’ gender pay gaps narrowed marginally in 2019, with the difference between the median and mean pay of women and men shrinking by 0.94% and 1.46% respectively among a sample of top insurers collated by Post.
Nimbla appoints Elizabeth Jenkin as CCO
Invoice insurance start-up Nimbla has swooped for Elizabeth Jenkin as its chief commercial officer, joining from RFIB.
180 years of Post: War in the 20th century and the impact on the insurance market
Like many industries, the insurance market was considerably affected by both the First and the Second World War. With the Insurance Museum coming soon to the City of London, Post looks at the growing tensions in the insurance market prior to the outbreak…
Personal injury and insurance lawyers agree best practice for Covid-19 crisis
Lawyers on the insurer and claimant sides have agreed to protocols and practices to help mitigate the impact of the coronavirus pandemic and allow for access to justice.
Ex-LV leader Kevan Aubrey joins Jensten Group
Kevan Aubrey, a former head of commercial distribution and strategic accounts at LV, has joined Jensten Group as sales and distribution director for its wholesale business including Policyfast and City Underwriters.
Avantia CEO dispels sale rumours
Mark Eastham, Avantia CEO, has dismissed rumours that the company is for sale.
This Month: Covid-19
On the first Friday in April it is hard to remember what the first Friday in March was truly like. To misquote: that past was a foreign country, we did things differently then.
Providers respond as FCA changes premium finance landscape
The Financial Conduct Authority has proposed a range of stop-gap measures to help consumer credit customers manage the financial hit from the coronavirus pandemic.
Travelers pledges $5m for coronavirus relief efforts
Travelers has committed $5m (£4m) to help families and communities in the UK, Ireland and North America hit by the Covid-19 pandemic.
Saga leans on insurance arm as coronavirus halts travel operations
Saga’s in-house underwriter saw profits slide in 2019/20 as its travel operations face continued coronavirus disruption.
Barclays' doctor assault victims denied compensation as court clarifies liability for 'independent contractor'
The Supreme Court ruled on Wednesday that Barclays Bank is not liable for the alleged sexual assault of more than 100 patients by a doctor carrying out medicals on the bank’s behalf.
Penny Black's Social World: April 2020
Celebrating women, charity partnerships and advice on Covid-19.
Coronavirus: Keeping the contact centre claims journey alive at home
A lot of the rules that dictate best practice in times of traditional weather surges also hold true now for the coronavirus pandemic, argues CET Property Assurance's Paul Wozencroft. Not least the need to utilise digital capabilities to connect everyone…
Analysis: Motor insurers report up to 50% reduction in claims due to coronavirus lockdown
It is now just over a week since the Prime Minister locked down the UK on 23 March to help slow down the coronavirus pandemic, strict measures which have seen traffic significantly reduced on the UK’s roads. Post content director Jonathan Swift spoke to…
Roundtable: The rush to technology
The seemingly headlong rush by insurers to connect everything, pulling together fragmented legacy systems and IT architecture has left many of them struggling to find the right solutions. Post gathered a group of experts together to see how firms are…
Editor's comment: Be kind
As I write this the sun is on my back, the windows are open, the first days of spring mean new flowers are poking their heads above the soil, bees are buzzing, and my cat is chasing her tail in the garden.
Analysis: Risk manager associations downbeat on Aon-Willis takeover
Post gathers feedback from across the industry on what Aon’s takeover of Willis – to create the biggest broker in the world – will mean for the market
Supreme Court dismisses hull underwriters' attempt to recover $22m paid out for deliberately sunken ship
The Supreme Court has dismissed an attempt led by Aspen to recover $22m paid out by hull underwriters following the sinking of a ship in 2013 that was later ruled to have been deliberate.
Morrisons data leak judgment of ‘limited comfort’ to businesses and their insurers
Insurance lawyers have responded to today’s Supreme Court ruling which found supermarket Morrisons is not ‘vicariously liable’ for a large-scale data leak by a disgruntled employee, saying it might be a relief for corporates but that it doesn’t signal…
Mark Mugge joins Right Choice as group CFO
Former Gallagher and Ardonagh chief financial officer Mark Mugge has taken up the group CFO role at motor specialist Right Choice Insurance Brokers.
PRA warns insurers on shareholder payouts and remuneration
The Prudential Regulation Authority has warned insurers to “pay close attention” to protecting policyholders and supporting the economy when considering how profits are dished out.