Insurer
Crêperie's High Court BI case against Allianz thrown out by judge
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…
BI calculation confusion leaving policyholders with cover shortfall
Around 44% of policyholders could find themselves with a shortfall in business interruption coverage due to a misunderstanding over gross profit.
Zurich’s Anita Fernqvist on embedding sustainability in organisational transformation
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 to enter specialist commercial as CEO Ian Parker steps down
ERS confirmed CEO Ian Parker will step down after seven years, as the motor-focused insurer revealed it is entering specialist commercial insurance.
Have your say: How well are trade bodies and professional associations performing for you?
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…
Analysis: Lockdown legionella threat a public health and liability concern
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 to retire from QBE after 34 years
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.
Blog: Postcard from the future
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…
Panel cautions against easy parallels between terrorism and pandemic pools
Panellists speaking at an industry forum on Wednesday cautioned that insurance pools set up to provide cover for terrorism risks may not be the best templates on which to build pools that deal with pandemic risk.
Industry urged to be clear on insurable cyber events or risk its reputation
It is “essential” the industry is clear about what cyber risks it is comfortable in covering and not covering to protect the industry's reputation, the Geneva Association's cyber director has urged.
Clarity and closer relationships needed in cyber insurance market, risk managers hear
Greater clarity is needed around where cyber insurance policies stand with regard to war and terrorism exclusions, catastrophe risk and ransomware, the global head of financial lines at Allianz Global Corporate and Specialty said on Tuesday.
Employee mental health at top of insurer agendas, conference hears
The Covid-19 pandemic has pushed mental health to the top of insurer agendas as many employees continue to work from home, HDI Global director of distribution Stephanie Odgen has said.
‘Do not destroy your product,’ Ferma board member warns insurers
A Ferma board member has warned insurers not to “destroy” their product after outlining how relationships with underwriters had been strained in recent months amid quickening market hardening.
Effects of climate change bite at UK corporate insurance renewals
British-based corporations are already finding it harder to access insurance coverage because of the effects of climate change, Marsh & McLennan’s director of climate resilience told risk managers on Tuesday.
Blog: Fine art and specie fraud under Covid-19
Being alive to fraud is one of the cornerstones of investigating insurance claims and this is no different when it involves fine art and specie, writes Criterion fine art and specie claims specialist Sean Ball.
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?
Catastrophically injured claimant granted accommodation costs in landmark ruling
The Court of Appeal has rewritten the approach to calculating personal injury accommodation claims in a landmark judgment that awarded the claimant additional damages of £802,000 for the cost of special accommodation.
Blog: Decommissioning cruise ships
The impact of Covid-19 on the cruise ship industry has been graphically displayed recently on social media with the first vessels being run up the beaches in Turkey in preparation for recycling. Ian Butterworth, Forum of Insurance Lawyers member and…
Scrap IPT for young driver telematics insurance, select committee advised
Brokers called for the government to introduce a zero-rate insurance premium tax for young driver telematics policies in oral evidence at the Transport Committee’s inquiry into road safety and young and novice drivers.
Briefing: The BI test case – QIC’s failed intervention and the ‘spirit of co-operation’
The business interruption test case is meant to be about co-operation to find clarity. Qatar Insurance Company’s attempt to intervene has rocked the boat.
Mike Keating keen to grow insurer member levels at MGAA
Recently appointed managing director of the Managing General Agents’ Association Mike Keating has set out his vision for the association with growth of insurer partners high on the agenda.
Aviva’s Phil Bayles on trading in a hard market
As trusted advisors providing access to high quality risk management resources brokers can help clients meet the challenges that lie ahead and should be in contact with insurers as early as possible to review cost and cover options, says Aviva’s chief…
Insurers commit to Race at Work Charter
The Association of British Insurers and 32 of its members have signed up to Race at Work Charter, as part of an industry-wide commitment to improve opportunities for Black, Asian and minority ethnic colleagues.
Inquiry slams Ecclesiastical over evidence 'failings' in Church of England child abuse report
Insurer Ecclesiastical has faced criticism after failing to provide evidence “in a candid manner” during the Independent Inquiry into Child Sexual Abuse’s investigation into Anglican Church abuse.