Articles by Harry Curtis
Biba calls on FCA to cut out 'jargon' amid product governance confusion
The British Insurance Brokers’ Association has called for the Financial Conduct Authority to cut down on the amount of jargon in its rulebook, saying that the terminology used in new product governance rules risks confusing brokers.
FCA warns brokers 'failed to understand' product governance rules impact
Brokers have 'failed to understand the impact' of product governance rules that came into force on 1 October, the Financial Conduct Authority has said.
Post LIVE Claims: Sustainability lessons from motor must be brought to bear in home claims
Insurers have work to do to ensure that the sustainability of home insurance claims keeps pace with strides being made with motor claims, according to personal lines claims directors.
Tributes paid to Sir David Amess
Insurance industry figures have paid tributes to Sir David Amess MP, who was killed last week.
FCA chair Randell to step down next year
Financial Conduct Authority chair Charles Randell is to step down next spring after four years in the role.
Lloyd’s and London market D&I efforts light on inclusion, says FCA
The Financial Conduct Authority has urged Lloyd’s and London market insurers to do more foster more inclusive working environments in order to better serve customers.
Employee ownership front of mind in search for Aston Lark buyer, says Blanc
Being able to continue employee ownership was the top priority in the search for a buyer for Aston Lark, CEO Peter Blanc has told Post.
Howden acquires Aston Lark to create £6bn GWP UK business
Howden has agreed to buy Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, subject to regulatory approval.
London company market premiums hit record levels despite Brexit impact
Rising rates and an influx of business previously written at Lloyd’s mean the London company market’s premium income has never been higher, even as it continues to bleed European premium in the wake of Brexit.
Underwriters weigh impact of climate disclosures on D&O insurance
Underwriters of directors and officers’ insurance are weighing the impact climate-related obligations and commitments will have on claims, as business leaders face overseeing a growing raft of disclosures.
Unpredictable weather and energy transition driving property risks uncertainty, insurers caution
As climate change takes hold, the risks faced by commercial properties may be exacerbated not only by more severe weather, but also by measures taken to transition to a greener energy production, insurers said at this week’s Airmic conference.
Insurer cyber capacity continues to dwindle as demand grows, say brokers
Interest in cyber insurance among large businesses continues to grow, but cover may prove more difficult to come by as insurers limit capacity and reinsurers put their foot down.
Airmic calls for climate pledge as it heads to COP26 on CBI invite
Airmic CEO Julia Graham has called on risk and insurance managers to pledge to tackle the risks associated with climate change.
Airmic panel’s appeals for partnership draw anger at conference
Senior insurance industry figures were drawn into a frank discussion of how the sector could better work with clients on Wednesday, after a pointed question from a risk manager following a panel discussion at the Airmic conference in Brighton.
General insurers lag behind reinsurers and investment managers in operational resilience readiness
General insurers are lagging behind reinsurers and investment managers in their preparation for operational resilience rules that come into force in March 2022, according to research by Oric International and Sicsic Advisory.
Trade bodies collaborate on product governance amid concerns of sluggish progress
Insurance industry trade bodies are working to agree templates for information sharing between firms to enable them to more easily come into line with the Financial Conduct Authority’s enhanced product governance rules.
Analysis: Willis Towers Watson's retention and recruitment challenge
The cancellation of Aon and Willis Towers Watson's mega merger poses a talent challenge for the world's third largest broker.
Dive In Festival: Companies must act to prevent unconscious generational bias, says WTW's Roy
Companies must act to ensure sweeping generational stereotypes are not unconsciously acted upon in the workplace, Willis Towers Watson’s UK chief operating officer Kate Roy has said.
MS Amlin names Robert Wiest as next CEO
Robert Wiest is set to become the next CEO of MS Amlin AG following the departure of Chris Beazley from the Swiss-domiciled reinsurer last month.
Insurers among host of UK businesses urging PM to show 'strong leadership' ahead of COP26
Insurance companies are among a group of more than 80 UK businesses that have urged Prime Minister Boris Johnson to show “strong leadership” to ensure the upcoming COP26 climate summit is a success.
Sector-wide initiative to support neurodiverse people appeals for industry backing
An organisation championing autistic people and other neurodiverse people within the insurance sector is appealing for financial backing from the industry.
Q&A: Julian Radcliffe, Art Loss Register and Watch Register
Julian Radcliffe, founder and chairman of the Art Loss Register, explains how the Watch Register – the ALR's dedicated service for the watch trade – is working with insurers and law enforcement to find stolen watches and catch thieves and fraudsters.
Lloyd’s ready to call time on underperforming syndicates as market delivers £1.4bn H1 profit
Time is running out for Lloyd’s syndicates that have been unable to profitably remediate their books of business, market executives signalled on Thursday as they reported £1.4bn in profits for the first half of the year.
Brand exposure and tech front of mind for Avantia as it secures fresh PE backing
Avantia has secured further investment from private equity backers ECI, which it will use to expand the capabilities and applications of its machine learning technology and boost the profile of its Homeprotect brand.