Underwriting action taken at Beazley towards the end of last year has cut cyber claims frequency in half, the insurer revealed on Friday as it reported a $167.3m (£121.8m) pre-tax profit for the first half of 2021.
Hand sanitiser slips and stress are among the risks employers in the leisure and hospitality sector need to be aware of in the wake of Covid restrictions being lifted, lawyers at Keoghs have said.
Hiscox CEO Bronek Masojada, who has been in post for 21 years, intends to retire at the end of the year.
Reinsurers will see up to a $400m claims hit from a spectator free Tokyo Olympic Games, ratings agency Fitch has calculated.
Flood Re is confident that its build back better proposals and reduced insurer levy will soon get government approval, CEO Andy Bord has confirmed, as he detailed plans for the organisation to buy lower limits in its own reinsurance programme.
Beazley has appointed Troy Dehmann as chief operating officer with immediate effect replacing Ian Fantozzi.
Eight insurers and reinsurers have established a United Nations-convened Net Zero Insurance Alliance as founding members, committing to transition their insurance and reinsurance underwriting portfolios to net-zero greenhouse gas emissions by 2050.
FM Global has appointed executive vice-president Malcolm Roberts as president and elected him to the company’s board of directors as of 1 August ahead of succeeding Thomas Lawson as CEO from 1 January 2022.
Stuart Forsyth describes 'hellish experience' as Upper Tribunal overturns fine and ban by ruling against FCA and PRA
Stuart Forsyth, the former CEO of Scottish Boatowners Mutual Insurance, has called on regulators to “learn from the errors they made in my case and work to restore the faith of regulated professionals” as the Upper Tribunal overturned his fine and ban.
ABI Climate Change Summit: Past point of stepping away from climate change responsibilities says Direct Line's James
With “trillions in assets”, “billions spent” on supply chain and “millions of customers”, Direct Line CEO Penny James urges the insurance industry is past the point where anyone can step away from their responsibilities in relation to climate change.
The Association of British Insurers has set out an ambitious Climate Change Roadmap that could see the UK’s insurance industry contribute one-third of the investment needed to meet the UK’s Net Zero target.
Member of Scottish Parliament and the cabinet secretary for finance and the economy Kate Forbes has urged insurers to grab the “once in a generation opportunity” of Cop 26 later this year and put the transition to net-zero at the heart of “everything…
Exclusive: Arc Legal Assistance and sister company Legal Insurance Management have won the race to provide family legal protection cover for Lloyds Banking Group’s home insurance customers under the Lloyds Bank, Halifax and Bank of Scotland brands, an…
MV Ever Given, which blocked the Suez Canal for a week in March, is due to leave today after a deal was struck between the UK P&I Club and the canal authorities.
Stuart Reid, chair of Partners&, urges insurers to look for brokers that espouse the right values in their service to clients when considering which firms to support rather than being addicted to market share.
Aviva achieved the best environmental, social and governance sentiment in the first quarter of 2021, according to a new benchmark from business intelligence firm Alva.
The European Commission will waive the obligation for motorists from the UK to show green cards, a move that has been welcomed by insurers.
Covéa is reportedly mulling a third attempt in four years to buy a reinsurer as it eyes Axa XL Re, with experts noting the insurer would look 'pretty hapless' if it failed to get another deal over the line.
Richard Coleman, UK managing director at Ecclesiastical Insurance, details the opportunities and challenges for brokers in becoming trusted, specialist advisers.
Insurers are expecting claims volumes to rise in Scotland as Qualified One Way Costs Shifting goes live.
The Prince of Wales' climate insurance taskforce launch will not put a stop to protesters taking to Lloyd's to demand a swift end to fossil fuel cover, activist groups have told Post.
Aventum CEO David Bearman explains the growth of the broking and underwriting firm to Emmanuel Kenning, tracing its route from a start up focused on retail UK SME to a global specialist and niche player that has plans to be a decade defining business.
Adam Winslow, UK & Ireland general insurance CEO at Aviva, has confirmed the insurer’s commitment to brokers as it looks to commercial growth.
When the Financial Conduct Authority took over claims management company regulation in 2019, it fired warning shots at the sector. Should the regulator’s remit be widened to cover those firms that don’t come under its surveillance?