United Kingdom (UK)
Carter hails 'trampoline bounce back' after lockdown hit H1 volume at Sabre
Motor specialist insurer Sabre was pleased overall with the half-year results as the coronavirus pandemic pushed premiums down 14% to £86.9m, CEO Geoff Carter told Post.
Briefing: Tesla CEO Musk warns incumbents it is building a 'great, major insurance company'. Should they be worried?
On last week’s Q2 briefing call Tesla CEO Elon Musk told insurers he is coming for their actuaries, to help him start an insurance ‘revolution’. But could his obsession with data and math have blinded him as to where the real battle in motor insurance…
Axa XL reshuffles leadership team for UK and Lloyd’s region
Following a leadership restructure earlier this year and the confirmation of former Lloyd’s leader Sean McGovern as CEO for the UK and Lloyd’s market, Axa XL has now made changes to the leadership team for its UK and Lloyd’s region.
600 jobs at risk as LV commences L&G integration
LV General Insurance has started the clock on a two-and-a-half-year integration of Legal & General’s general insurance business that is expected to impact 14% of jobs across the two Allianz businesses.
Claims Apprentice 2020: Episode two - Podcast challenge part one
Now that the six contestants have been split into teams and decided on their names, it is time for the apprentices to tackle their first challenge.
Tysers appoints Deloitte’s Buesnel as CEO
Tysers has appointed Clive Buesnel as CEO joining from Deloitte where he was UK head of insurance.
Hiscox QC accuses FCA of 'tearing up the rule book on causation'
Jonathan Gaisman, QC, branded parts of the Financial Conduct Authority’s arguments as camouflage, a misuse of language and “blurring every divisible thing into one amorphous mass” as he defended Hiscox in the ongoing business interruption test court case.
Axa's Bob Ewers on providing resilience and support during a global crisis
Covid-19 has created an enormous challenge for businesses worldwide and it is only natural to question how resilience, staff support, and customer care is maintained. Bob Ewers, CEO of Axa Partners UK & Ireland, explains the importance of business…
Cost of motor insurance at four year low due to lockdown
The cost of motor insurance fell to the lowest quarterly level since 2016, according to statistics from the Association of British Insurers.
Concerns grow over fraud and arson increase due to Covid-19 lockdown
Financial hardship caused by UK-wide lockdown is contributing to increase in fraud and arson, warn loss adjusters.
Blog: Premium finance opportunities in a post-pandemic era
In the aftermath of Covid-19, Owen Thomas, Premium Credit’s chief sales officer reflects, on some key changes to the insurance industry and the increasing role insurance premium finance will play.
Telematics thwarts thieves to save £300,000
Dedicated telematics tracking devices have led to the quick recovery of three stolen high-end vehicles and saved London-based car hire company nearly £300,000.
Ecclesiastical recruits Trott from Allianz for claims director role as Bonehill retires
Ecclesiastical has recruited Jeremy Trott from Allianz to fill the claims director role with David Bonehill retiring this October.
Swiss Re pegs H1 Covid-19 losses at $2.5bn
Swiss Re has predicted $2.5bn (£1.96bn) of pre-tax Covid-19 losses in the first six months of 2020 will drive its half year results to a $1.1bn loss.
Updated: RSA QC lambasts ‘clear misuse’ of the word ‘peril’ by action group
Representing RSA, David Turner QC, accused the Hospitality Insurance Group Action of “clear misuse” of the word ‘peril’ on the on the fourth day of the hearing of the Financial Conduct Authority’s Covid-19 business interruption test case.
Blog: Holding the line - how networks are helping insurers manage the pressure
Millions of people around the world continue to work from home as part of measures to restrict the spread of coronavirus. But with social restrictions easing in many countries across Asia and Europe, thousands of brokers who swapped the physical trading…
QC calls on court to treat insurers fairly
Insurers dived into the causation debate during today's proceedings, slamming the Financial Conduct Authority’s approach to the ‘but for’ test as the business interruption case continued in the High Court.
Tansar administration after collapsed sales talks leaves Gefion facing £5.4m shortfall
Unrated Danish insurer Gefion is due to receive just 3% of the £5.5m owed by Tansar Holdings, which has been put into administration.
Hiscox blasted by QC over policy interpretation in FCA BI case
The arguments set out by Hiscox in its defence over non-payment of business interruption arising from Covid-19 are too narrow, unrealistic and uncommercial according to the Hiscox Action Group.
Claims Apprentice 2020: Episode one - Meet the teams
After a rigorous week interviewing rising insurance stars up and down the country, the field has been whittled down to six candidates, all competing for the prize of becoming the 2020 Claims Apprentice.
Brit digital syndicate Ki takes Dan Hearsum from Marsh as MD
Digital algorithmically-driven Lloyd’s of London syndicate Ki has appointed Dan Hearsum as managing director joining from Marsh JLT Specialty where he was head of placement for the specialty business in the UK.
Blog: The rise in escape of water claims
Escape of water claims across the insurance sector often form the highest proportion of all claims notified and the number and cost of those claims continue to rise. John O’Shea, partner and head of property damage and recovery at BLM, and Paul Redington…
Action group brands insurers' focus on lack of specific pandemic cover 'a diversionary tactic'
Insurers’ repeated argument that policies were not intended to cover pandemics has been described as “a diversionary tactic” on the third day of the Financial Conduct Authority’s business interruption test case.
Former insurance business development head Laurence Ives jailed for sexual offences against children
Laurence Ives, 55, of Western Road, Leigh, has been jailed for four years and placed on the sex offender register for ten years for committing 15 sexual offences against children.