Business interruption
Ageas x Wrisk; Zurich’s flexibility; Policy Expert’s chief growth officer
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Intact calls for improved flood resilience products
A study has called for more sophisticated flood protection products for commercial properties, warning that millions of buildings are facing increased flood risk across the UK.
Supreme Court confirms £1bn furlough win for insurers
Insurers can rejoice today (22 April) after the Supreme Court rejected the policyholder appeal surrounding furlough payments relating to Covid business interruption claims.
Last lockdown claims ends a defining era for insurance
View from the Top: Karl Helgesen, COO at Intact Insurance, reflects on the lasting impact of Covid-19 on the insurance sector, as the limitation period for for lockdown claims comes to an end.
Pool Re pushes SME terror cover with steep discounts
Pool Re has launched an incentive scheme offering insurers large discounts on reinsurance costs if they integrate terrorism cover as standard into SME commercial property policies.
Now or never for Covid-19 business interruption compensation
Aaron Le Marquer, head of policyholder disputes at law firm Stewarts, says following the regulator’s failure to ‘stop the clock’ on Covid business interruption claims, it is now or never for businesses to launch a legal challenge against their insurers.
Two-thirds of commercial properties underinsured
Underinsurance is shifting from a background industry concern to an issue that is directly affecting claims outcomes, according to Aviva’s latest Broker Barometer research.
Iran missile strikes spark risk repricing
The joint assault by Israel and the United States against Iran have sent shockwaves through global insurance markets, triggering risk repricing and renewed scrutiny of accumulation exposure across marine, aviation and specialty lines.
Insurers argue furlough deductions permitted by policy wordings
Insurers finished their submissions to the Supreme Court on the issue of whether or not furlough payments are deductible from Covid-era business interruption claims payouts this morning (12 February), hitting back at arguments advanced yesterday by…
Supreme Court hears arguments on Covid claim furlough deductions
The Supreme Court heard arguments from both policyholders and insurers yesterday (11 February) as to whether furlough payments are deductible from Covid-era business interruption claims payouts.
Insurers remain reticent to pay at-the-premises Covid BI claims
Policyholders whose cover for Covid-related business interruption in 2020 was contingent on there being a case of the disease at the insured premises are still fighting for payouts, attendees at an industry event heard last week.
FCA rejects calls for further Covid BI interventions
The Financial Conduct Authority has rejected calls for further interventions on Covid business interruption claims, sayings its current position “continues to be appropriate”.
KGM x Zurich; CFC’s cyber cover; LMA’s underwriting director
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Broker Forecast for 2026
Brokers are bracing for a soft but fiercely competitive market in 2026 shaped by economic pressures, rapid digitalisation and widening technological divides.
How Covid-19 litigation has shifted BI policy wording
Joanna Grant, managing partner of Fenchurch Law, explores how business interruption insurance has evolved five years on from the pandemic, and whether the lessons of Covid-19 are being properly applied today.
Regulator urged to act to avert Covid BI lawsuit wave
Law firm Stewarts has written to the Financial Conduct Authority to ask it to issue urgent ‘stop the clock’ guidance on Covid business interruption claims, in order to avoid a wave of lawsuits in the new year.
Broker Review of the Year 2025
A softening market put downward pressure on brokers revenue in 2025 but businesses that embraced digital breakthroughs and delivered exceptional service have succeeded in holding on to their clients in a competitive market.
Dual moves to insure developers’ biodiversity liabilities
The UK could act as a proving ground for insuring ‘natural capital’, Dual’s Simon White has said following the MGA’s launch of a product designed to help developers meet biodiversity net gain obligations.
How modern methods of construction are affecting insurers
As modern construction methods reshape UK property, Jon Thacker, chief commercial officer of Aon UK, explores how insurers can adapt to evolving risks, limited data and rising claims complexity while supporting safer, greener building.
Six insurance risks of employee attendance monitoring
With major employers starting to keep tabs on office attendance, Colin Ashworth, managing director of insurance operations at NFP, unpicks the potential claims that could arise from forcing more employees back into the workplace.
Pool Re scheme spurs Axa to include terrorism cover in SME policies
Axa is planning to add terrorism cover to its SME products by the second half of next year, as a result of a Pool Re scheme that will offer insurers “significant” discounts to reinsure SME terrorism risk.