News
Analysis: Why falling premiums do not mean clear cut savings for motorists
Falling average motor premiums may represent less significant savings for individual consumers than at first glance, experts have cautioned, while a swift return to pre-Covid motor premium levels is "not inevitable."
François-Xavier Boisseau made ERS chair after Amanda Blanc’s Aviva move
Former Ageas UK CEO François-Xavier Boisseau has been appointed as ERS chair following Amanda Blanc’s surprise Aviva CEO appointment.
CII hands in notice for its London office
Exclusive: The Chartered Insurance Institute is mulling an exit from its Lombard Street office.
Direct Line told to pay former employee £37,000 for unfair dismissal
Direct Line has been ordered to pay £36,998 to a former employee who claimed they were unfairly dismissed, Post has learned.
Sabre chairman Patrick Snowball’s successor named as Andrew Pomfret
Sabre senior independent director Andy Pomfret will take over from the insurer’s chairman Patrick Snowball at the beginning of September.
Analysis: Ethnicity pay gap reporting - getting the ball rolling
With growing pressure on the government to introduce mandatory ethnicity pay reporting to measure inequality in the workplace, Post investigates what steps the industry is taking to prepare and what is still to do.
Kennedys launches virtual work experience programme
Kennedys has launched a virtual work experience programme to replace its usual in-person version and still be able to give would-be lawyers a taste of legal life during Covid-19 disruption.
Ardonagh buys £20m GWP Thames Underwriting
Ardonagh has bought managing general agent Thames Underwriting for an undisclosed sum adding £20m in gross written premium to the business.
Storms drive claims spike in Scotland, North West England and Wales
Loss adjusters are reporting spike in flood and storm related claims across Scotland, North West England and Wales, as the Met Office extends weather warnings across the UK until the end of Tuesday.
RSA and Enstar insurers in £1.1m Haringey Council child abuse court actions
Enstar-owned Mercantile Indemnity has been ordered to pay out £1.1m after an appeal against a Haringey Council child sexual abuse payout failed. Mercantile appealed a 2019 judgment where RSA was the original insurer after it inherited the claim as part…
Bollington breaks through £200m GWP with Watson Laurie buy
Bollington has bought North West based corporate insurance broker Watson Laurie for an undisclosed sum, Post can reveal.
Hiscox and action group arbitration to commence following court agreement
Hiscox has agreed to an expedited arbitration process in its dispute with the Hiscox Action Group, a coalition of policyholders that is contesting the insurer’s rejection of coronavirus-related business interruption claims.
Claims Apprentice 2020: Episode six - the interview
With the individual and team tasks now completed, it is time for the five remaining candidates to reflect on them as they sit down with Suzanne Liversidge, sponsor Kennedys’ own Alan Sugar.
Zurich UK reports £140m of Covid-19 claims as it posts H1 loss
Zurich’s UK general insurance business faced £140m in Covid-19 related claims across travel, event cancellation and business interruption lines in the first half of 2020.
Analysis: The serious injury claims cycle under Covid-19
While the serious injury claims cycle faced delays during the start of the pandemic, time pressures are now “easing” as care providers find ways to adapt.
Previsico adds Lloyd’s Lab programme manager Lucy Coutts as BDM
Insurtech Previsico has appointed former Lloyd’s Lab programme manager Lucy Coutts as a business development manager to support its expansion plans across the UK, US and beyond.
Admiral facing 'difficult call' on claims frequency and inflation
Admiral has said it faces a “difficult call” with regard to whether or not claims frequency will return to pre-pandemic levels this year, reporting that it saw a 3-4% increase in road accidents last week alone.
FCA extends payment deferral guidance timeframe
The Financial Conduct Authority has kept the temporary measures to help insurance customers hit by the Covid-19 crisis in place until the end of October.
Claims Apprentice 2020: Episode five - Cyber challenge
With the country in Covid-19 lockdown the five remaining apprentices are given their latest task through the means of video conferencing.
BGL targets million policy mark for renewed Lloyds motor insurance deal
Compare the Market owner BGL Group is aiming to grow its partnership with Lloyds Banking Group to one million policies as the pair signed a five year extension on their exclusive motor and commercial vehicle insurance deal, Post can reveal.
Wales flood claims volume low so far as UK braces for storms
Loss adjusters are on standby following flooding in parts of Wales yesterday, as the Met Office warned of storms across the United Kingdom.
Abbey and Autoline merger to create £119m GWP acquisitive firm
The merger of Northern Ireland brokers Abbey Insurance and Autoline Insurance as Abbey Autoline on 1 September will create a £119m gross written premium growth focused firm that has an eye for striking takeover deals, managing director of the newly…
UK property pricing up 16% in Q2: Marsh
Global commercial insurance prices rose 19% in the second quarter of 2020, research by Marsh has revealed.
Beirut marine and port insured losses should not exceed $250m, says Guy Carpenter
The combined hull, cargo and port facility insured losses from last week’s warehouse explosions in Beirut should not exceed $250m (£191m), according to an initial analysis by Guy Carpenter.