Commercial
Spotlight on periodical payment orders: The benefits of transferring PPO risks to a life insurer
Start-up life insurer AUL Assurance is targeting general insurers, offering them an opportunity to reduce their exposure to periodical payment order risks. What are the benefits of such transfers and why might the recent ASHE inflation figures make this…
Spotlight on periodical payment orders: How do insurers manage PPO risks?
Introduced in April 2005, periodical payment orders might not have grown in the volumes some expected, but still pose challenges for general insurers not least due to their similarity to longevity life risks. Post spoke to both insurers and other…
Greggs v Zurich trial delayed and shortened due to Covid-19 infection
The High Court trial in bakery chain Greggs’ business interruption claim against Zurich Insurance has been delayed until later this month.
Blog: Private equity is investing in insurance’s bright future
Garry Hamilton, chief growth officer and founder of digital agency Equator, explains the value that private equity investment can bring to insurance sector.
Inside Out: Is more regulation needed to stop insurers profiting from BI claims?
Post invites industry insiders affected by the key issues they believe insurance is getting ‘inside out’ to share their perspective and state their case for change. Here, a former business interruption insider argues that the government should follow the…
Stonegate alleges 'obliteration of cover' while insurers say it has got policy terms 'fundamentally wrong' in closing submissions
The trial in the case of Stonegate v MS Amlin and others, drew to an end this week, with the UK’s biggest pub group and its insurers exchanging arguments in written closing submissions.
Rural crime risks on the rise for UK farmers as ACE celebrates first year
Farmers are being advised by their insurers to beef up their security as the challenging economy may prompt a rise in rural thefts while soaring agricultural machinery values will make the countryside even more attractive to criminals.
Government-backed PI scheme for fire safety assessors to launch in September
A government-backed professional indemnity scheme for EWS1 assessors is set to launch in September and will last for five years.
Blog: The importance of regulation in holding up the London market
Following the publication of the Lords' Industry and Regulators Committee findings into the regulation of commercial insurance and reinsurance regulation, Mark Huxley, non-executive director at Altus Consulting, ponders how significant regulation is at…
Q&A: Sarah Murrow, Allianz Trade
Allianz Trade UK & Ireland CEO Sarah Murrow speaks to Post about her first year at the helm, dropping the Euler Hermes name, and the role that credit insurance can play as a post-Covid-19 growth tool.
Hiscox appoints Stéphane Flaquet as group chief operating officer
Hiscox has appointed Stéphane Flaquet to the role of group chief operating officer, effective 1 September, subject to regulatory approval.
Broker Pound Gates faces professional negligence suit from nurseries unable to claim for pandemic closures
Around 70 childcare nurseries that were unable to claim for losses incurred during the pandemic have joined a prospective class action planning to take legal action against their insurance broker.
Greggs ups Covid BI claim against Zurich to £150m ahead of trial next week
Greggs has upped the sum it is claiming from Zurich in a High Court dispute over Covid-19 business interruption losses to in excess of £150m.
FCA fines JLT £7.8m; Acrisure acquires Russell Scanlan; Clear Group buys Pro Aktive; Howden Group creates start-up hub and Instanda raises $45m
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers call for GTA to be mandatory as motor repair industry faces multiple challenges
As the General Terms of Agreement is currently under review, industry has called for the agreement to be made mandatory, however others believe cross-sector collaboration will be crucial to build sustainable future for the sector.
Brettell to replace Jepp as MD of Zurich Municipal
Amy Brettell will succeed Andrew Jepp as managing director of Zurich Municipal, after he steps down to explore new opportunities after 40 years at Zurich.
Vote now for the winner of the Industry Impact Award at the British Insurance Awards 2022
Voting is now open for you to decide who should win the Industry Impact Award at the 2022 British Insurance Awards.
Q&A: Philip Barmby, Brawdia
After a year in business, Philip Barmby managing director of Brawdia, tells Post about the factors that have supercharged Brawdia's launch, and what he expects from the next 12 months.
Aviva vindicated in High Court as judge rules 'free and frank' exchanges must be permitted
The High Court has found in favour of Aviva in a defamation case from a medical legal expert, in a ruling “likely to be of benefit not only to road traffic accident insurers but also litigants more generally”.
Intelligence: Rural crime – cutting back the harvest criminals
Plant theft in rural areas is a major issue for landowners and their insurers. Rachel Gordon explores how a specialist police unit, which was set up in 2021, is helping to tackle this type of crime, and what mitigation measures are being introduced.
Aviva wins TSB tender; Gallagher Re to recruit 40; Pine Walk Capital launches MGA; and Beazley launches Crypto Guard
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers pick at Stonegate’s causation and aggregation arguments as Covid BI trial continues
The High Court battle between the UK’s biggest pub group and three insurers – MS Amlin, Liberty Mutual and Zurich – continued on Tuesday with the insurers taking issue with the pub group’s submissions regarding causation and aggregation.
Intelligence: Managing the fire risks associated with lithium-ion batteries
With lithium-ion batteries becoming commonplace in everyday life, Post investigates the risks associated with them, and how insurers are incorporate such risks into policy terms.
Insurance industry stuck on legacy systems, says Charles Taylor’s Hurst
Charles Taylor’s Europe, Middle East and Africa sales director Jennifer Hurst has said the move into a digital world remains “quite a big project” as the insurance industry is still stuck on legacy systems.