Third party liability claims arising from August’s Stonehaven train crash in Scotland will fall to either Travelers or QBE, broker letters reveal.
The Financial Conduct Authority’s Dear CEO letter at the start of September revisited its concerns about insurance intermediaries being at risk of financial failure during the Covid-19 crisis and the need to plan for orderly wind-downs.
Apollo ruled out further dealings on Adani projects as climate campaigners hit Lloyd’s insurer CEOs with calendar invites and targeted companies on social media.
Possible changes to the prudential regulations governing UK insurers could be limited by a desire not to stray too far from the EU’s Solvency II regime, a partner at Mazars has told Post.
Peter Zaffino, AIG president and global chief operating officer, will succeed Brian Duperrault as AIG CEO in March 2021.
Climate campaigners from across the globe will join a digital protest calling on Lloyd’s to “act on the climate crisis, not act as the last refuge for climate wreckers like Adani to secure insurance”, with thousands of participants expected.
Lloyd’s diversity survey found that 71% of black employees say they have faced barriers to recruitment and 80% believe they experience barriers to promotion once in the role.
Broker Lockton has denied acting fraudulently regarding a property developer’s claim, as fresh legal action was brought against insurer Axa.
Insurers are facing criticism from residents of high rise buildings over insurance costs, waking watch requirements and taking an overly "binary" approach, while professional indemnity insurance access is driving a fire risk assessor crisis.
The Department of Justice for Northern Ireland has decided against changing the country's personal injury discount rate until a revised legal framework is in place.
After an Excel error was blamed for 16,000 coronavirus cases being missed by the Track and Trace scheme, Covernet business development director Jim Campbell considers how insurers, brokers and managing general agents can avoid their own ‘Excel hell’.
Other insurers unlikely to intervene after RSA declines to appeal 'outlier' Marsh BI wording, say lawyers
RSA’s decision not to appeal the High Court’s rulings with regards to a widely-used Marsh wording is unlikely to result in another insurer launching an appeal of its own, with would-be interveners facing significant hurdles according to lawyers.
The world is devoting a lot of energy into finding a vaccine or ‘cure’ for Covid-19. We should know by now that false hope is not an antidote.
The administrators of bankrupt Danish insurer Alpha are embroiled in a legal battle with UK-based J&M Insurance Services over £3.9m in premiums collected by the UK firm in the months leading up to unrated carrier’s collapse in May 2018.
RSA’s appeal of the High Court business interruption test case ruling only covers two policies, court documents have revealed, and does not include the Marsh/Jelf resilience (RSA4) wording shared by multiple insurers.
The predicted coronavirus-related economic hit is being compared to the 2008 recession, with financial pressure a driver of insurance fraud.
Deputy Judge of the High Court Richard Salter QC has ruled in favour of Allianz in a business interruption and property damage legal dispute decision which he accepted may be “of consequence for other potential claimants” and “something of a footnote” to…
Around 44% of policyholders could find themselves with a shortfall in business interruption coverage due to a misunderstanding over gross profit.
Anita Fernqvist, chief data officer and director of operations at Zurich UK, argues that advances in and adoption of new technology means reskilling for the future is more important than ever and looks at the opportunities and challenges for insurers.
ERS confirmed CEO Ian Parker will step down after seven years, as the motor-focused insurer revealed it is entering specialist commercial insurance.
The coronavirus pandemic has upended how we go about our day to day lives, with organisations forced to rapidly change how they operate while facing new challenges. Against this backdrop, Post wants to find out how your trade bodies and professional…
Specialists across the insurance industry have voiced their concerns about the potential for a build-up of legionella bacteria in buildings left empty over lockdown.
Colin O’Farrell, chief underwriting officer of insurance for QBE International, will be retiring from the business at the end of this year with deputy CUO Nick Hankin stepping up as interim CUO on 1 January, the provider has announced.
The Covid-19 pandemic is dislocating economies around the world. It has also presented a unique test for property and casualty insurers: a surge of losses and a hit to assets, combined with a sudden shift to remote working, writes Clyde & Co partner…