Insurer
Abu Dhabi invests in Qmetric
The Abu Dhabi Investment Authority has taken a stake in Policy Expert owner Qmetric in two transactions, Post can reveal.
Q&A: Ant Middle and Adam Beckett, Ageas
Ageas CEO Ant Middle and chief distribution officer Adam Beckett spoke to Post about the insurer’s intention to grow its intermediated personal lines business and plans to invest in what it calls its ‘technical engine room’.
Insurers have ability to 'see off insurtech challenge': Admiral co-founder David Stevens
Admiral co-founder and former CEO David Stevens has said he believes insurance companies have the ability to be the key industry drivers in 10 years.
Ghost broking investigations accounting for quarter of IFB cases
The number of ghost broking investigations has doubled since 2016, Stephen Dalton, head of intelligence and investigations at the Insurance Fraud Bureau, told Post.
Bupa’s Sheldon Kenton on travelling less for business but for longer – a growing global healthcare need
Sheldon Kenton, CEO at Bupa Global, examines the challenges of adapting to the changing needs of a more global workforce with businesses having to consider offering more extensive global health cover for senior leaders.
HDI Global Specialty files legal case against Arron Banks' Legal Protection Group
HDI Global Specialty has filed a case at the High Court seeking a declaration from Legal Protection Group that their run-off agreement has ended.
Lawyers appointed as Tokio Marine Kiln faces BI group action lawsuit spearheaded by Marco Pierre White business
Tokio Marine Kiln is facing a group action lawsuit from businesses in the hospitality sector, including Marco Pierre White's Black and White Hospitality, that claim their policies provide cover for losses suffered during last spring’s Covid-19 lockdown.
Allianz’s Stephanie Smith on being prepared for operational resilience
Stephanie Smith, chief operating officer at Allianz Insurance, assesses how the focus on operational resilience has taken old school business continuity planning and added helpful and important extras.
Blog: Why 'in theory' is not enough - sexual abuse claimants and the insurance industry
Tensions between abuse survivors and insurers have always been high. Dr Julie Macfarlane, a distinguished University Professor and Professor of Law (Emerita) at the University of Windsor and the Director of the National Self-Represented Litigants Project…
Ever Given losses likely to be hundreds of millions not billions, say ratings agencies
The unblocking of the Suez Canal just under a week after MV Ever Given ran aground and the apparent absence of damage to the boat, its cargo and from pollution will limit losses to hundreds of millions of dollars rather than billions, ratings agencies…
Ratings agencies stable on CNA after cyber attack
AM Best and Fitch have both maintained their ratings for CNA Financial Corporation with a stable outlook after the insurer suffered a sophisticated cybersecurity attack on 21 March.
Motor insurance: Falling claims volumes reignite pricing debate
Claims volumes fell significantly in 2020 as premiums crept down slightly, insurer figures show, leading to intensified campaigner calls for current and future savings to be passed on to motorists.
Analysis: Deconstructing Aviva
With a new group CEO in role, Aviva has made serious strides in offloading its overseas operations. What inspired these moves and what does this mean for its core operations in the UK, Ireland and Canada?
Suez Canal: Insurance industry braces for claims as Ever Given partially refloated
Ahead of the crucial weekend efforts to move 400m long MV Ever Given and unblock the Suez Canal, insurance industry experts assessed the potential for claims.
SME only pandemic cover solution would help those most in need, says Swiss Re public sector boss
When facing the large losses pandemics threaten “we could do more” if a cover solution was limited to SMEs, Ivo Menzinger, Swiss Re managing director for public sector business across Europe, the Middle East and Africa, has said.
Analysis: Tapping into the returners talent pool
Post investigates whether the insurance industry is welcoming of returners who have had a career gap, assessing the programmes in place to support them and the range of skills, experience, motivation and fresh perspective that they can bring to an…
Policymakers 'fundamentally' mischaracterising pandemic insurance problem, OECD conference hears
Policymakers have mischaracterised the pandemic business interruption problem leading to a solution stalemate, virtual attendees of an Organisation for Economic Co-operation and Development event heard.
Court case thwarted BI claims solution that was just two weeks away, says Ardonagh’s Ross
A coalition of brokers working with Hiscox was just two weeks away from solving the problem of Covid-19 business interruption claims but the court case cut the legs off the solution, Ardonagh CEO David Ross has claimed.
Covéa files complaint against Scor CEO Denis Kessler
Covéa has filed a complaint against Scor CEO Denis Kessler, in a move blasted by Scor as “deceitful and groundless”.
Big four reinsurers look to hardening market after Covid bites to the tune of £6.5bn
The big four reinsurers believe they are poised to take advantage of the hard market in 2021, with all but Swiss Re reporting profit in 2020 despite a combined property and casualty pandemic hit of £6.5bn.
Professor Tony Maden cleared on two counts in insurance expert witness complaints
Professor Tony Maden has been cleared in two investigations by the General Medical Council over fitness to practice relating to complaints submitted by non-recent child sexual abuse claimants.
CNA confirms systems disconnection after 'sophisticated cybersecurity attack'
CNA Financial Corporation has confirmed being hit by a sophisticated cybersecurity attack on Sunday causing network disruption and impacting some of its systems including corporate email.
Blog: Insurance implications of the Uber Supreme Court ruling
In February the Supreme Court ruled that Uber drivers are considered to be workers rather than self-employed, with potentially serious implications for insurance, says Stuart Toal, Allianz casualty account manager, technical.
Insurer test case BI claims payouts to March revealed
Data released by the Financial Conduct Authority shows that up to 3 March insurers had paid out £192m towards interim payments and £279m to settle Covid-19 related business interruption claims affected by the regulator’s test case, with Covéa leading the…