Insurer
Drop all fossil fuels urges climate change campaign group
Insurers must stop 'protecting' the coal industry and start protecting society claimed a climate change group as it urged the sector to drop all fossil fuels.
Gable liquidator warns of ‘everlasting’ bankruptcy proceedings as it writes off £72m
The liquidator of unrated insurer Gable has found ‘trapped funds’ in the company originally valued at CHF 85m (£71.8m) are not recoverable.
Axa XL confirms Sean McGovern as CEO UK and Lloyd's market
Axa XL has confirmed former Lloyd’s leader Sean McGovern as CEO for the UK and Lloyd’s market having held the role on an interim basis since April.
Q&A: Tara Parchment, head of private clients, Brit
Tara Parchment joined Brit to head up its private client offering in November 2018, after 22 years at Chubb. She spoke to Post about plans for the Private Clients offering, how it will meet the changing customer needs and how the current pandemic is…
Briefing: In CEO Amanda Blanc Aviva finally gets its woman
Having began her career at Commercial Union it always seemed fitting that Amanda Blanc would one day take the top job at its successor Aviva. Post content director Jonathan Swift reflects how the stars finally aligned for her to take up a role that for…
Chubb reveals near $1.4bn Covid-19 Q2 loss estimate
Chubb has estimated that it will face $1.37bn (£1.1bn) of pre-tax losses - $1.16bn after tax - in its second quarter results due to the global coronavirus pandemic.
Ex-Zurich boss Dave Smith takes NED role at AIG UK
Former Zurich UK general insurance CEO Dave Smith has joined AIG UK as a non-executive director and is set to become chair of the risk committee.
Amanda Blanc looking at 'all strategic options' for Aviva
Amanda Blanc has pledged to address the underperformance of recent years for Aviva’s investors and to set out an ambitious strategic path.
Perils pegs Australian bushfire losses at A$1.86bn
Perils has pegged insurance and reinsurance industry losses for Australian bushfires at A$1.86bn (£1.03bn)
Brokers call for 'low-level' compulsory cover as e-scooter trials begin
With the UK government ready to introduce e-scooters on the roads from this weekend as part of trials, the British Insurance Brokers’ Association has called for the development of a “low-level minimal insurance requirement."
Lloyd's working on non-damage BI cover for SMEs
Lloyd’s is working on non-damage business interruption cover for SMEs as part of recovery efforts to fast-track global economic and societal recovery from the “far-reaching” impacts of Covid-19.
Gefion liquidation 'no great shock' to brokers
Brokers have labelled unrated Danish insurer Gefion going into run off and ultimately liquidation as “no great shock”.
Motor insurers saved £1.3bn during UK-wide lockdown, claims aggregator
UK motor insurers made lockdown savings of £1.28bn as drivers stayed home between 23 March and 31 May 2020, research by price comparison website Hello-Safe has suggested.
Gefion to enter run-off as regulator revokes insurance license
Danish unrated insurer Gefion will enter solvent liquidation as the Danish regulator has chosen to withdraw its license, the insurer has said.
Q&A: Tony Russell, Charles Taylor Insuretech
Tony Russell, chief commercial officer at Charles Taylor Insuretech, spoke to Harry Curtis about how insurance companies are upgrading their technology in London and overseas, the changing dynamics in the world of insurtech, and lessons from the…
Profits nearly quadruple at Ecclesiastical in 2019
Ecclesiastical delivered £58m in post-tax profit last year, more than treble the £15.2m achieved in 2018, according to a filing at Companies House.
Swift v Carpenter: Change needed if costs formula 'no longer fits' purpose, says Personal Injuries Bar Association
If the current formula for calculating serious injury accommodation costs is no longer fit for purpose then it should be improved, the Personal Injuries Bar Association's representative said on the third and final day of the Swift v Carpenter appeal.
Biba CEO blasts 'irrelevant' and 'unhelpful' insurer conduct in FCA BI test case
Insurers' comments about the duty of brokers made in the defences in the ongoing Financial Conduct Authority business interruption court case are "irrelevant" and "unhelpful" according to British Insurance Brokers' Association CEO Steve White.
Swift v Carpenter: Appeal Court hears arguments on whether market value of property is a fair measure
On the second day of the appeal to a 2018 judgment in Swift v Carpenter relating to serious injury claim accommodation costs, judges heard from further witnesses.
Swift v Carpenter: Court hears from expert witnesses on serious injury claim accommodation costs
On Tuesday the appeals court heard from expert witnesses testifying on the topic of additional accommodation costs in serious injury claims in appeal to Swift v Carpenter.
Analysis: The wordings under the magnifying glass in the FCA's BI test case
As preparations continue for a July test case to determine whether business interruption policies cover coronavirus lockdown losses, Post delves into the “representative sample” of wordings on which the court will be adjudicating.
Northern Ireland launches consultation on negative discount rate
The Northern Irish Department of Justice has launched a consultation into possible changes to the legal framework for setting the personal injury discount rate.
Insurance role models named as top ethnic minority business leaders
The latest Empower Top 100 list includes 11 Black, Asian and minority ethnic leaders and future role models working in insurance.
Malcolm Harvey's Qlaims unveils flooding parametric partnership
Qlaims has teamed up with Mason Owen Financial Services and parametric insurance specialist Floodflash in the first use of its claims service for a project management rather than advocacy solution.