News
Biba conference cancellation ‘right and only’ thing to do say exhibitors
Insurers and others who had planned to exhibit at the British Insurance Brokers’ Association’s annual conference have welcomed its cancellation and pledged to return next year.
Insurance prelim results delayed in line with FCA market request
The AA and Sabre Insurance Group have both delayed the publication of their preliminary financial results after a request from the Financial Conduct Authority to all UK listed companies last week.
Thingco tech boss launches platform to help the elderly and self-isolating
Thingco chief technology officer Jonathon Valentine has launched a platform to securely connect elderly people and people in self-isolation to volunteer groups, foodbanks and takeaway services.
Airmic stops planning for 2020 conference
The coronavirus pandemic has led risk managers’ association Airmic to press pause on planning for its annual conference, which had been set to take place at Edinburgh’s EICC in June.
Trade bodies back FCA's insurance key workers stance
The Association of British Insurers and the British Insurance Brokers’ Association have both welcomed the steps outlined by the Financial Conduct Authority to help identify key workers in financial services.
Biba conference cancelled due to coronavirus
The British Insurance Brokers’ Association has cancelled its 2020 conference and exhibition, scheduled to take place in Manchester between 13 and 14 May, due to the coronavirus pandemic.
Arc Legal chases 20% growth following integration of Amtrust stablemate
Legal expenses insurer Arc Legal is aiming to capitalise on developments around whiplash reforms and fixed recoverable costs in commercial disputes, following the integration of fellow Amtrust subsidiary Composite Legal Expenses.
Kingsbridge sold to US-based NSM Insurance
Private equity backer Dunedin has exited Kingsbridge following its sale to Pennsylvania-based NSM Insurance.
Covid-19: FCA asks listed firms to delay publishing prelim results
The Financial Conduct Authority has written to stock exchange traded companies that it knows are intending to publish preliminary financial statements in the next few days asking them to delay for at least two weeks due to the coronavirus crisis.
Axa names Moquet as UK & Ireland CFO
Axa has appointed Roland Moquet as chief financial officer in the UK and Ireland replacing Amelie Breitburd who is leaving the company.
Aon’s Dudley becomes chair of Liiba
Richard Dudley, CEO of Aon’s UK Global Broking Centre, has succeeded Roy White of Marsh as chair of the London and International Insurance Brokers’ Association.
Ratings agencies assessing coronavirus impact on insurers' balance sheets
Ratings agencies have moved to assess the impact of the coronavirus pandemic on insurers. Among them is AM Best, which is developing stress tests that will assess the impact on insurance companies’ balance sheets.
Pukka confirms Biba conference pull back not linked to coronavirus pandemic
Pukka will not be taking a stand at Biba 2020 or hosting its traditional party at the event but the decision was taken before the onset of the Covid-19 crisis, CEO Sam White told Post.
Non-damage extensions could provide BI cover but claims will be difficult, says Marsh
Businesses’ insurance programmes are most likely to respond to disruption caused by the coronavirus pandemic through non-damage extensions but only after a difficult claims process, Marsh UK practice leaders have said.
Insurance firms roll out free services during coronavirus crisis
Equipsme, Zego and Qlaims have all offered free services to help business and individuals during the ongoing coronavirus pandemic.
This week: The bad news
What a week. The coronavirus may be an invisible threat, but its fallout – both within and beyond the insurance industry – is hard to miss.
Motor Mouth Podcast 8: The car is the star!
Content director Jonathan Swift sits down with Lexis Nexis’ senior director of personal lines insurance Martyn Mathews to discuss the latest in car technology innovation and how the connected car of the future will provide reliable, real-time data sets…
CMA seeks fining powers as it orders Paymentshield to refund £380,000 to PPI customers
The Competition and Markets Authority is seeking the authority to impose financial penalties for breaches after it ruled Paymentshield must refund customers over £380,000 for payment protection insurance breaches.
Updated: Insurers will continue to renew annual travel policies amid sales pause
Travel insurers that have pulled their products off the market due to the coronavirus pandemic will continue to offer renewals to existing customers.
Direct Line suspends share buyback as it reports 500% increase in travel claims relating to Covid-19
Direct Line Insurance Group has today suspended its share buyback programme as a result of the volatile conditions arising from the Covid 19 pandemic.
FCA calls on insurers to show 'flexibility' in dealing with customers amid pandemic
The Financial Conduct Authority has said it expects insurers to show flexibility in dealing with customers affected by the coronavirus outbreak.
Lloyd’s underwriting room to shut today
Lloyd’s has confirmed that it will close its underwriting room at 4pm on Thursday 19 March saying it was keeping in line with government advice to avoid all non-essential contact.
Stuart Reid takes first role post-Gallagher at Pikl
Former Gallagher, Bluefin and Stuart Alexander boss Stuart Reid has been appointed chairman of sharing economy insurance specialist Pikl.
Zurich UK pulls direct travel insurance
Zurich UK has paused the sale of direct travel insurance to new customers joining a long list of providers reacting to the ongoing coronavirus crisis, Post can reveal.