United Kingdom (UK)
Lords Committee expresses concerns of ‘overly demanding’ and ‘burdensome’ regulation of London Market
The Industry and Regulators Committee has written to the Economic Secretary to the Treasury John Glen to outline concerns about lack of proportionality in the regulation of the London Market by the Financial Conduct Authority and the Prudential…
British Insurance Awards: 2022 shortlist revealed
This year the British Insurance Awards return back to their spiritual home at the Royal Albert Hall after a two year absence.
IBM ordered to pay another £80m after it unlawfully breached Co-op IT contract
The Court of Appeal has found that IBM must pay another £80.6m to the owner of Co-operative insurance due to breach of an IT contract in 2017.
Editor's comment: Walk the walk on ESG
Last August the Intergovernmental Panel on Climate Change report warned that ‘unless there are immediate, rapid and large-scale reductions in greenhouse gas emissions, limiting warming to close to 1.5°C or even 2°C will be beyond reach’.
Penny Black's Social World: April 2022
Getting pied, planting trees and Macmillan money
McPhail swaps Zurich for Keoghs
Calum McPhail, formerly head of liability claims at Zurich, has left the insurer to join Keoghs as strategy consultant on a part-time basis.
Interview: Kelly Ogley, A-Plan
Four months after stepping up to the role of CEO at A-Plan, Kelly Ogley tells Pamela Kokoszka about her three passions, discusses the growth plans for the broker, and reveals how it has managed to remain relevant for the past 58 years
FCA reforms authorisation process as it continues recruitment push
The Financial Conduct Authority has said it is committed to bring a more robust and efficient authorisation process and confirmed it has reformed its authorisation process with more decisions now taken by individual senior managers rather than by…
Citizens Advice ethnicity penalty campaign a ‘wake up call to FCA’
Citizens Advice ethnicity penalty report must be "a wake up call to the Financial Conduct Authority” to act on its promise to HM Treasury as insurers face warnings the fallout from this could be as far reaching as the Test Achats gender ruling.
Woodgate & Clark acquires media and entertainment adjuster Spotlite
Woodgate & Clark has acquired media and entertainment adjuster Spotlite as it continues to build specialist expertise.
Allianz’s Catherine Dixon explains why we should all be on the path to Net Zero
Meeting environmental, social and governance targets should be a relay race, with each baton pass advancing the cause towards Net Zero, explains Catherine Dixon, chief underwriting officer at Allianz Commercial.
Blog: The curious incident of the dog and the bite crime
Rebecca Conway, chief legal officer at Arc Legal Assistance, reflects on the increase of pets in households in the UK during lockdown, and what route policyholders can pursue if they are bitten by a dog that has not been trained or socialised enough.
Analysis: How dual pricing reforms are shaking up insurance
Post investigates what changes the industry has seen following January’s dual pricing reforms, and if insurers are following the right path on price walking.
Robust e-scooter regulation needed at 'earliest opportunity', sector urges Shapps
Four insurance industry trade associations have called on the government to bring in 'robust' legislation around the use of e-scooters as soon as possible if they are to be permitted beyond current trials.
Judgment closing dental liability loophole could herald insurance step change
A Court of Appeal judgment has closed a legal loophole that meant dental practices were not liable for injuries caused by individual dentists during treatment, potentially further opening up the market to commercial insurers.
Axa will not appeal Corbin & King BI verdict
Axa has decided not to appeal a £4.36m Commercial Court business interruption judgment against it.
Blog: The lost art of underwriting
James Gerry, chairman of MX Underwriting, argues that the insurance industry is losing sight of the art of true underwriting, as technology continues at pace to replace the human interactions with brokers.
Data analysis: FOS insurance backlog tops 9000 cases
Freedom of information requests by Post and sister title Insurance Age have laid bare the scale of insurance case delays at the Financial Ombudsman Service.
GRP's Mike Bruce explains how trade sales with overseas buyers will boost the UK broking sector
Private equity has long reigned supreme in the UK broking market, but now with US broker Brown & Brown making its first acquisition in the UK, Mike Bruce, group CEO at Global Risk Partners, explains how this change in ownership could strengthen local and…
Blog: Effective innovation is driven by key initiatives, as well as visible leadership, clear direction and planning
Long-term thinking is key to business success, but as Harvey Wade, founder and managing director of Innovate 21, explains, more key ingredients are required to make innovation work.
Leaving IPT untouched in Spring Budget a 'missed opportunity' says Biba
The British Insurance Brokers' Association has warned leaving insurance premium tax at its current level will act as a disincentive to buy adequate insurance after the tax went unmentioned in the Spring Budget.
Ageas' Adam Clarke on inflation pushing up insurance prices
With inflation at front of mind for everyone, Adam Clarke, chief underwriting officer at Ageas Insurance, explains why its only a matter of time before insurance customers feel the pinch too.
Citizens Advice sounds alarm on car insurance 'ethnicity penalty'
Citizens Advice has accused the insurance sector of charging an 'ethnicity penalty' after finding that people from ethnic minority backgrounds pay hundreds of pounds a year more for their car insurance than white people.
Markerstudy rejoins Biba after 2017 split
Markerstudy has rejoined the British Insurance Brokers’ Association following its 2017 split from the trade body.