Commercial
Chaucer reports surge in interest in civil unrest cover
Chaucer has received double the volume of inquiries for strikes, riots and civil commotion clause cover from just one broker year-on-year.
Insurers are helping the advanced air mobility sector to take off
Edmund Tirbutt examines how the insurance industry is helping the advanced air mobility sector create new aircraft to ensure the safe, quick, affordable and sustainable movement of people and goods.
Five insurers given green light to appeal Excel Centre BI judgment
Five insurers have been given permission to appeal last month’s Commercial Court judgment on ‘at-the-premises’ business interruption claims, with only RSA accepting the outcome.
Zurich CEO Bailey named ABI president
Tim Bailey, UK CEO of Zurich, has been named as the new president of the Association of British Insurers, with Clare Bousfield, chief executive for retail and savings at M&G, becoming deputy president.
Greggs and Zurich settle Covid BI claim dispute
Greggs has settled its business interruption dispute with Zurich, according to a court order issued last week.
Ecclesiastical expands reach to modern leisure venues
Ecclesiastical is expanding its leisure product to include modern properties, Insurance Post can reveal.
Intangic boss calls MGAs the R&D of cyber insurance
The managing general agent model allows the insurance industry to more easily draw on cybersecurity expertise from outside the sector, according to Intangic CEO Ryan Dodd.
Intelligent AI aims to slash commercial property underinsurance
Anthony Peake, CEO of Intelligent AI, intends to launch a reinstatement platform that aims to slash commercial property underinsurance.
What Wahaca’s case against QIC means for insurers
Paul Grant, associate at specialist commercial disputes firm Signature Litigation, examines the ramifications of Wahaca demanding its insurer pay out for losses incurred during the Covid-19 pandemic.
D&O insurers could favour long-term agreements in search of pricing stability
Insurers and buyers of directors and officers’ insurance could look to strike long-term agreements to lock in current rates, as both search for pricing stability.
Urgent steps insurers must take to comply with the FCA’s Consumer Duty
With only a month to go until the Financial Conduct Authority's Consumer Duty comes into force, Laura Miller explores what steps can be taken to make sure insurers comply with the rules.
Ferma calls for governments to help resolve cyber market issues
The Federation of European Risk Management Associations has called on public authorities to aid in resolving thorny issues facing the cyber insurance market.
Value chain, commissions and productivity under fire in discussion over industry relevance
The insurance value chain has to be shortened if the industry is to remain relevant to corporate clients, broking bosses have said.
Diary of an Insurer: K2 International’s Zach Cohen
Zach Cohen, catastrophe modeller at K2 International, troubleshoots code, deals with muddy paw prints and helps underwriters grasp the implications of earthquakes.
Commercial renewals leave businesses open to cyber attacks
Current industry practices around commercial insurance renewals leave businesses vulnerable to cyber attacks, the founders of an industry-backed data sharing platform have said.
RSA poised to launch partnership with cyber MGA Resilience
RSA is preparing to launch a cyber proposition with US-based managing general agent Resilience, the insurer’s UK specialty boss has said.
More changes for Allianz as Hobbs is named chief distribution officer
Nick Hobbs has been revealed as chief distribution officer for Allianz Commercial in the UK, effective immediately.
Q&A: Fraser Edmond, Broker Insights
Broker Insights founder and CEO Fraser Edmond speaks to Insurance Post about the inefficiency of the commercial insurance space, bridging the knowledge gap between insurers and brokers, and how he hopes to more than triple the company's coverage by the…
Is litigation liability insurance now essential for executives?
As periods of financial distress can often lead to increased instances of non-performance of contract obligations, Edmund Tirbutt examines whether litigation liability insurance could be set for a boom.
Blanc wants Aviva to persist as ‘massive voice’ on sustainability
Aviva CEO Amanda Blanc has said she hopes to continue to use the insurer’s voice to push for the “sustainability agenda.”
Cyber insurance claims trends revealed
Data analysis: Claims statistics from cyber insurer Resilience shows transfer fraud and vendor data breach are far greater causes of loss than ransomware.
Diary of an Insurer: Fortegra’s Debbie Calderbank
Debbie Calderbank, chief operating officer of portfolio risks at Fortegra Europe, prepares to expand lines of the specialty insurer’s underwriting capacity and gets addicted to Kevin Costner drama Yellowstone.
Court opens door to many more Covid BI claims with ‘at-the-premises’ judgment
Hundreds of thousands of policyholders, who until now have been left uncompensated for pandemic losses, may be due payouts, following a Commercial Court judgment on ‘at-the-premises’ disease clauses.
Wahaca echoes Corbin & King argument in latest Covid BI battle
Mexican restaurant chain Wahaca is seeking tens of millions of pounds from insurer QIC Europe in the latest Covid business interruption suit to hit the courts.