Construction
For the record: Aviva disposals, Beazley creates digital unit, Fenchurch & Partners launches, new D&O MGA Rising Edge and Zurich invests in insurtech
Post wraps up the major insurance deals, launches and investments of the week
Allianz BI claims came from broker wordings says CEO Jon Dye as insurer reveals 2020 results
Allianz was hit by £175m of UK Covid-19 business interruption claims in 2020, net of reinsurance, the insurer has said, as LV confirmed 300 redundancies from its Legal & General integration.
For the Record: Jensten moves closer to £500m target; Laka unveils European HQ; start-up Mosaic opens for business and SRG acquires again
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Committee calls for government PI scheme for fire risk assessors
The government faces calls to act as an insurer of last resort for fire safety engineers’ professional indemnity insurance.
For the Record: The week in deals featuring Allianz, Clyde & Co, Convex, Gallagher, Howden, Kennedys, LV, New Dawn Risk and Woodgate & Clark
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Blog: Practical completion – No such thing as load-bearing paint
Clark Gardiner, Ensurance senior underwriter, considers how Covid-19 has muddied the waters where it comes to practical completion in construction.
Policyholders told to check cover as FCA imposes restrictions on insolvent construction broker
The Financial Conduct Authority has told customers who purchased cover through insolvent South West-based Professional Construction Risks Limited to contact their insurers directly to confirm the status of their policies.
FCA issues client money order as it closes Midlands broker
The Financial Conduct Authority has shut down Inspire Insurance Services and ordered the broker to ringfence relevant funds in a string of sweeping instructions.
Rising Star: Victoria Kancheva, Clear Insurance Management
Three months after leaving behind a career in rights of light surveying for a new challenge in insurance broking, Victoria Kancheva was placing million-pound policies at Clear Insurance Management.
Analysis: More than bricks and mortar
How are major financial centres in the UK likely to be impacted by Covid-19 and will the remote working phenomenon hit office occupancy for the longer term?
NHBC launches inaugural apprenticeship scheme
NHBC, a warranty and insurance provider for new homes in the UK, has become an Education and Skills Funding Agency-approved provider of apprenticeships and launched its first apprenticeship scheme aimed at developing the next generation of house building…
Future Focus 2030: The future of climate change
As part of a monthly series, where Post looks into how the insurance industry is set to evolve by 2030, David Worsfold looks at climate change and why tackling it might once again be top of the agenda for most insurers
Ardonagh buys £20m GWP Thames Underwriting
Ardonagh has bought managing general agent Thames Underwriting for an undisclosed sum adding £20m in gross written premium to the business.
Business enquiries down 14% on last year at Allianz
While market conditions are slowly recovering in the wake of the coronavirus lockdown, the volume of new enquiries for commercial policies remain substantially lower than were last year, according to Allianz Insurance.
In-depth: How the life sciences sector is supporting the fight against Covid-19
The industry has found itself under the spotlight for all the wrong reasons during the Covid-19 pandemic. However, one area where it should be singing its praises is life sciences. Post investigates how brokers and insurers have supported the quest for…
Blog: Preparing for the next asbestos - silicosis and insurance
With the All Party Parliamentary Group for Respiratory Health’s call to arms for the reform of workplace exposure limits to silica dust, Jim Byard, insurance partner at Weightmans, explores the likely impact on the insurance industry, and how it can…
Andy Graham joins Direct Insurance Group from Cobra
Direct Insurance Group has appointed Andy Graham as head of specialist liability for its London market and Lloyd’s broking division.
Aviva predicts £200m in Covid-19 BI claims
Aviva has predicted it will see £200m in business interruption claims net of reinsurance.
Iprism growth on track after restructure, says MD Ian Lloyd
Iprism Underwriting Agency is growing its underwriting and bottom line profits after its restructure last year despite the impact of the coronavirus pandemic, according to managing director Ian Lloyd.
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.
Analysis: Where does Covid-19 leave the flood victims?
Storms Ciara and Dennis hit the UK in early February and a little over six weeks later Prime Minister Boris Johnson put the country in effective lockdown after the Covid-19 virus was declared a pandemic by the World Health Organisation. Stephanie Denton,…
Interview: Aon’s Jane Kielty, Tracey Threlfall and James Fell
Just over two years since the takeover of Henderson by Aon its leaders met with Emmanuel Kenning to discuss how the deal came about, why now is the right time to rebrand after the heavy lifting of the integration has been completed and what comes next…
Q&A: Forum of Insurance Lawyers CEO Laurence Besemer
In 2009 Laurence Besemer became the first CEO of the Forum of Insurance Lawyers, the UK trade body for defendant law firms. A decade into the role he spoke to Jonathan Swift about its commitment to its members, a successful 2019 and why it is definitely…
Operating profit down one third at Allianz UK
Allianz UK has reported profit of £138.1m for 2019 supported by investment gains as operating profit fell.