Commercial
Diary of an Insurer: Geo Agriculture’s Kate Bush
Kate Bush, head of underwriting operations at Geo Agriculture, is hands on in the lambing shed and with farming under pressure she looks to widen the MGA’s underwriting footprint.
Weather and inflation turn up the heat on Allianz Holdings’ profit
Allianz Holdings saw its 2022 operating profit more than halve as a result of higher-than-expected inflation and continued disruptive weather, CEO Colm Holmes has said.
Liberty and Aon BI wordings to be the subject of October trial
Several business interruption cases, in which Liberty Mutual is a defendant, will be heard together over the course of a five-day trial in October.
Coalition reports strong UK launch as organisations look for non-restrictive cover
Cyber insurance provider Coalition says it has outstripped its expectations in its first six months of trading in the UK, attributing this in part to the proliferation of ransomware sublimits in the market.
Insurance Post Podcast: Super-charging take-up of cyber insurance
Putting the customer first and educating them about the risks they face online is required to accelerate the number of businesses purchasing cyber insurance, according to Aviva’s Stephen Ridley.
Why property insurers are struggling to control claims costs
Analysis: Sam Barrett explores how inflation, increased labour costs plus material shortages are pushing up property insurance claims costs and why working with loss adjusters to remove frictional cost is essential.
Liberty Mutual faces fresh wave of BI court battles
Liberty Mutual is facing a growing number of lawsuits over business interruption insurance, with a group of racecourses and pub chain Fuller’s the latest to join the ranks of organisations suing the insurer.
Marsh under fire for acting as insurance broker for pipeline
Campaigners Insure Our Future have written to the CEOs of Aon, Gallagher, Marsh and Willis Towers Watson asking them to refuse to broker insurance for the East African Crude Oil Pipeline.
Scale of underinsurance in cyber uncovered
Data analysis: Insurance Post investigates whether fewer incidents of data breaches are linked to the rise of cyber insurance and if policyholders have adequate cover for their needs.
Government seeks insurance support for carbon storage projects
Insurers are being encouraged to come up with solutions for carbon capture and storage projects, with both prospective clients and the UK government leaning on the industry for support.
Zurich UK’s profits down £67m due to claims inflation
Zurich UK has posted a profit of £403m for 2022, compared with £470m in 2021, with bosses blaming the dip on the impact of large losses, claims inflation and the very strong prior-year result.
How insurers and brokers are tackling commercial underinsurance
Analysis: Pamela Kokoszka examines how commercial insurers are adapting their approaches to address underinsurance that could prove a fatal blow to businesses in the current economic climate.
Trade Voice: MGAA’s Mike Keating on why the outlook for 2023 is positive
Mike Keating, CEO of the Managing General Agents Association, says that despite external challenges, MGAs continue to demonstrate their value to their insurer and broker partners.
Why insurance should be recession proof
Editor's View: Insurance Post Editor Emma Ann Hughes kicks the tires of insurance to see if the industry is right to be pessimistic about its prospects at the moment.
View from the Top: Markel’s Nick Line on what insurers need to get right in 2023
Nick Line, chief underwriting officer at Markel International, outlines why serving customers, recruiting talent and embracing new technology are front of mind this year.
NFU Mutual policyholders invited to claim after Covid cover complaints upheld
Dozens of NFU Mutual policyholders have had complaints over missing cover for Covid-related booking cancellations upheld, Insurance Post can reveal.
Axa Commercial to offer SME cyber insurance this year
Exclusive: Jon Walker, CEO of Axa Commercial, has revealed plans to roll out a cyber insurance product and service for SMEs in the next 12 months.
Editor's Picks: CII clashes, a bonfire of Brexit red tape & cyber criminality
As we approach the end of a non-stop January, the headlines that caught your attention on Insurance Post this month give a distinct flavour of what the rest of 2023 may hold in store for the industry.
Hiscox partners with Verisk; RSA launches carers’ policy & QBE restructures trade credit team
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Vote for the best insurance employer in 2023
Insurance Post’s Best Insurance Employer research returns in 2023 seeking the views of staff in broking, managing general agent and insurer firms to find out which organisations really go the extra mile for their people.
Big Interview: QBE's Jason Harris on the challenges facing insurers
Jason Harris, CEO of QBE International, sits down with Insurance Post to discuss leveraging internal talent, supporting businesses transitioning to net zero and the challenges insurers face in an uncertain world.
View from the Top: Hiscox’s Louise Marling on the never-ending quest for operational excellence
Louise Marling, chief operating officer at Hiscox UK, argues that while pursuing operational excellence is like looking for the pot of gold at the end of the rainbow, it is ultimately in the best interests of both the customer and insurers.
PRA stress tests raise concerns about reliance on reinsurers
The Prudential Regulation Authority intends to assess reinsurance risks that could threaten the financial stability of some general insurers later this year.
Trade Voice: Biba CEO on why brokers should listen to the Dalai Lama
Steve White, CEO of the British Insurance Brokers' Association, explains why brokers should listen to the Dalai Lama and be clear with customers about what "bang they are getting for their buck."