Commercial
Throwback Thursday: Biba’s City conference and Sweetmail
Insurance Post’s Throwback Thursday steps back in time to January 1985 to remind you what was going on this week in insurance history when the British Insurance Brokers’ Association Conference was a far smaller affair and Sweetmail cover was on offer.
Making sense of the Insurance Act
Trade Voice: James Davey, president of the British Insurance Law Association and professor of law at the University of Bristol, warns an imminent legal judgment could be decided on a false assumption.
Fitch expects mixed fortunes for UK non-life insurers in 2025
Fitch Ratings has predicted that the UK non-life insurance sector will have mixed fortunes in 2025, with some parts of the market facing an uphill battle to turn a profit.
Cyber insurers face increased loss ratios
As ransomware perpetrators are now targeting larger organisations in search of higher ransom demands, cyber insurers face a a greater hit to their credit ratings, Moody’s has warned.
Diary of an Insurer: Alps’s Julian Tomlinson
Julian Tomlinson, chairman at Alps, counts his blessings, catches up with plenty of colleagues plus brokers and shares his secrets for a life well lived in the French countryside.
Penny Black’s Social Diary: Howden’s tackle & Polaris potatoes
Penny Black is back, sharing the tittle-tattle she overheard at insurance industry events, reviewing the quality of buffets at conferences and giving a thumbs up – or down – to the sector’s social media posts.
Allianz appoints Phuong Ly as UK commercial MD
Allianz has appointed Phuong Ly, who is currently chief general manager of commercial lines for its Australian business, as its next UK commercial lines managing director.
Lessons insurers must learn from LA wildfires
As celebrities condemn insurers after the most destructive wildfire event in Los Angeles County history, Emma Ann Hughes outlines what the industry must do to address the financial and reputational impact of the blaze.
CFC CEO Andy Holmes leaves board as he takes on new role
CFC Underwriting CEO Andy Holmes has been appointed as CFC’s group capacity director, with the responsibilities of his previous role being merged with those of group CEO Louise O’Shea.
Insurance solution to reopen Ukraine’s airports in the works
Marsh McLennan CEO John Doyle has said that work is under way on an insurance solution that will allow Ukrainian airports to reopen.
NFU Mutual sticks to its guns in coverage dispute
NFU Mutual has maintained that 38 businesses suing the insurer for Covid-era losses are not entitled to be indemnified under the terms of an extension to their policies.
Pen Underwriting and QBE agree £420m capacity deals
Pen Underwriting and QBE have announced the renewal of two UK and Ireland capacity deals, together worth £420m.
Court kicks off fortnight of Covid BI hearings
Two key appeals relating to Covid-era business interruption disputes are set to be heard by the Court of Appeal in the coming weeks, with the first of two hearings beginning today (21 January).
How MGAs can continue to transform in 2025
Trade Voice: As the underwriting capacity of the Managing General Agents’ Association’s membership tops £15bn, CEO Mike Keating looks at the trends that will shape the MGA market in 2025.
Arch promotes Bottle to UK MD
Arch Insurance International has promoted senior vice president of distribution and strategy Mike Bottle to UK managing director with immediate effect.
Professional indemnity rates expected to fall rapidly
A capacity-driven professional indemnity insurance market offers the chance for growth and competitive pricing in 2025, Clyde & Co has predicted.
Diary of an Insurer: Purbeck’s Todd Davison
Todd Davison, managing director of Purbeck Insurance Services, visits new offices in Rugby, puts his Excel talents to the test, tackles present wrapping and works on his swing.
Cyber market under pressure to pass on know-how to the next generation
The cyber insurance market needs to expedite the passing on of know-how from experienced staff to new recruits, Markel’s head of cyber has said.
Aviva’s Barter on helping brokers solve SMEs’ financial puzzles
View from the Top: Phoebe Barter, group brand and sponsorship director at Aviva, says insurers and brokers need to work together to aid SMEs like the one featured in Aviva’s latest ad.
Throwback Thursday: Lloyd’s capacity problem & Gulf War cost
Insurance Post’s Throwback Thursday steps back in time to January 1985 to remind you what was going on this week in insurance history when the pound was causing problems for Lloyd’s and the cost of the First Gulf War was being calculated.
Could Covéa’s capacity withdrawal derail MGA progress?
After Covéa Insurance pulled away from MGAs due to a “control from an underwriting perspective”, Edmund Tirbutt examines whether other capacity providers could follow suit.