United Kingdom (UK)
Biba conference cancelled due to coronavirus
The British Insurance Brokers’ Association has cancelled its 2020 conference and exhibition, scheduled to take place in Manchester between 13 and 14 May, due to the coronavirus pandemic.
Kingsbridge sold to US-based NSM Insurance
Private equity backer Dunedin has exited Kingsbridge following its sale to Pennsylvania-based NSM Insurance.
Analysis: What are insurtechs doing in the face of the coronavirus pandemic – Part One: UK-based start-ups
In light of the Coronavirus pandemic, Post content director Jonathan Swift caught up with a number of insurtechs to find out what they are doing to reduce staff and clients' exposure to Covid-19, while keeping operations as business-as-usual as possible…
Covid-19: FCA asks listed firms to delay publishing prelim results
The Financial Conduct Authority has written to stock exchange traded companies that it knows are intending to publish preliminary financial statements in the next few days asking them to delay for at least two weeks due to the coronavirus crisis.
Axa names Moquet as UK & Ireland CFO
Axa has appointed Roland Moquet as chief financial officer in the UK and Ireland replacing Amelie Breitburd who is leaving the company.
Aon’s Dudley becomes chair of Liiba
Richard Dudley, CEO of Aon’s UK Global Broking Centre, has succeeded Roy White of Marsh as chair of the London and International Insurance Brokers’ Association.
Ratings agencies assessing coronavirus impact on insurers' balance sheets
Ratings agencies have moved to assess the impact of the coronavirus pandemic on insurers. Among them is AM Best, which is developing stress tests that will assess the impact on insurance companies’ balance sheets.
Blog: Addressing anxiety among insurance workforces in uncertain times
As Covid-19 leads to uncertain working times and practices James McErlean, general manager for Europe, Headspace for Work, explains why insurance managers need to look after their staff well-being.
Pukka confirms Biba conference pull back not linked to coronavirus pandemic
Pukka will not be taking a stand at Biba 2020 or hosting its traditional party at the event but the decision was taken before the onset of the Covid-19 crisis, CEO Sam White told Post.
Non-damage extensions could provide BI cover but claims will be difficult, says Marsh
Businesses’ insurance programmes are most likely to respond to disruption caused by the coronavirus pandemic through non-damage extensions but only after a difficult claims process, Marsh UK practice leaders have said.
Insurance firms roll out free services during coronavirus crisis
Equipsme, Zego and Qlaims have all offered free services to help business and individuals during the ongoing coronavirus pandemic.
Analysis: How loss adjusters are responding to the coronavirus - remote inspections, Covid-19 technical teams and prioritising the vulnerable
In light of the coronavirus pandemic, Jonathan Swift caught up with a number of loss adjusters to find out what they are doing to reduce staff and client exposure to Covid 19, whilst keeping operations as business-as-usual as possible.
This week: The bad news
What a week. The coronavirus may be an invisible threat, but its fallout – both within and beyond the insurance industry – is hard to miss.
Motor Mouth Podcast 8: The car is the star!
Content director Jonathan Swift sits down with Lexis Nexis’ senior director of personal lines insurance Martyn Mathews to discuss the latest in car technology innovation and how the connected car of the future will provide reliable, real-time data sets…
CMA seeks fining powers as it orders Paymentshield to refund £380,000 to PPI customers
The Competition and Markets Authority is seeking the authority to impose financial penalties for breaches after it ruled Paymentshield must refund customers over £380,000 for payment protection insurance breaches.
Updated: Insurers will continue to renew annual travel policies amid sales pause
Travel insurers that have pulled their products off the market due to the coronavirus pandemic will continue to offer renewals to existing customers.
Direct Line suspends share buyback as it reports 500% increase in travel claims relating to Covid-19
Direct Line Insurance Group has today suspended its share buyback programme as a result of the volatile conditions arising from the Covid 19 pandemic.
FCA calls on insurers to show 'flexibility' in dealing with customers amid pandemic
The Financial Conduct Authority has said it expects insurers to show flexibility in dealing with customers affected by the coronavirus outbreak.
Lloyd’s underwriting room to shut today
Lloyd’s has confirmed that it will close its underwriting room at 4pm on Thursday 19 March saying it was keeping in line with government advice to avoid all non-essential contact.
Stuart Reid takes first role post-Gallagher at Pikl
Former Gallagher, Bluefin and Stuart Alexander boss Stuart Reid has been appointed chairman of sharing economy insurance specialist Pikl.
Zurich UK pulls direct travel insurance
Zurich UK has paused the sale of direct travel insurance to new customers joining a long list of providers reacting to the ongoing coronavirus crisis, Post can reveal.
Analysis: What will the legacy of Covid 19 mean for the future of work as insurance staff migrate from the office to home?
Insurers might be closing their offices in the face of Covid 19, but they are quick to reassure everyone that it is business-as-usual. Jonathan Swift looks at what insurers are doing in the face of unprecedented upheaval and what the legacy might be when…
LV COR slips to 94.9% in 2019
LV General Insurance Group has posted a 13% fall in operating profit to £93m for the year ended 31 December 2019 as Ogden took another bite out of the insurer’s performance.
Blog: Covid-19: ‘boiler plate’ clauses and statutory obligations will come into sharp focus in the coming months
Business interruption policies have come under the spotlight with the coronovirus pandemic but Tamsin Hyland, an associate solicitor at Plexus Law, explains that as real life business continuity begins to be enacted, changing risk management could put…