Axa
Axa will not appeal Corbin & King BI verdict
Axa has decided not to appeal a £4.36m Commercial Court business interruption judgment against it.
Inside Out: A former BI insider looks at what the insurance industry should have learnt in the past two years
Post invites industry insiders affected by 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 talks about how the recent Corbin & King v Axa…
Spotlight on dual pricing: The end of dual pricing and what it means
Post and PayPal surveyed the industry to explore the possible implications of the recent price-walking ban. Valerie Hart looks for further insight into how the industry might adapt.
AIG, Axa and RSA lead underwriter recruitment; Allianz partners with Solar Energy UK; North P&I and Standard Club to merge; and first non-London syndicate-in-a-box-launched
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Analysis: Corbin & King £4.4m judgment tugs at BI claims door
The Corbin & King business interruption judgment has the potential to open up insurers to further and more costly claims, but with multiple factors at play there is no guarantee others will win out.
Intelligence: Post's complaints matrix shows the products that let consumers down during the pandemic
Complaints data from the Financial Conduct Authority and the Financial Ombudsman Service helps to create greater transparency and accountability for insurance firms. As Post brings together the most comprehensive set of complaints data from 2014 onwards,…
Insurance staff come together to support Ukraine refugees
From gearing up to take in refugees to delivering supplies, Post spoke to European insurance staff who are dedicating their time to helping those affected by the Ukraine crisis.
ESG Exchange: Making resilient repairs work
With new measures being introduced to facilitate resilient repairs, Rachel Gordon investigates whether these steps go far enough to help insurers and their customers when faced with building claims.
ESG Exchange Q&A 1: How are insurers helping their staff and partners to be green?
As part of Post's ESG Exchange fortnight we spoke to Allianz, Axa, Bupa and RSA to find out how insurers are thinking beyond their own firms and helping staff, partners and their supply chain to adopt environmental, social and governance practises.
Axa's Jon Walker looks at how insurers can do more to support SMEs
Small and medium enterprises are integral to communities across the UK. If insurers take the time to understand the challenges that these businesses face then they will be better placed to adapt and respond to their needs, says Jon Walker, executive…
Aviva to give staff £1000 each in shares
Aviva has reported its highest gross written premium from continuing operations in "over a decade" and will grant its 22,000 employees £1000 each in shares.
Self-driving vehicle data sharing rules must be right from day one, insurers urge
Insurers have warned that any duty to disclose data in an Automated Vehicles Act must be right from "day one" to avoid lengthy litigation.
Briefing: Walls closing in on insurers’ business interruption furlough savings
The pressure is mounting for insurers to rethink business interruption furlough savings, Post news editor Jen Frost argues in the wake of a landmark Australian judgment.
Corbin & King’s £4.4m victory against Axa opens insurers up to more and larger BI claims
The Commercial Court has ruled that Axa must indemnify restaurant group Corbin & King £4.36m for closures during the first year of the pandemic.
Marsh/Volante launch shareholder activism product; insurance sector launches flood directory; GRP buys Hamilton Fraser; Liberty rolls out real-time flood warning solution
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Ageas to announce series of distribution deals as it enters personal lines-only future
Ageas is set to unveil a series of new distribution deals throughout 2022 as it continues to double down on intermediated personal lines business following the sale of its commercial lines business to Axa last week.
Briefing: With the sale of its commercial book to Axa, Ageas has gone full circle to return its old self again
Post content director Jonathan Swift looks at the journey Ageas has been on over the last 13 years and concludes it has done an awful lot - but now looks more like its 2009 incarnation than ever.
Insurance M&A tops 418 deals in 2021; Beazley leads IVF solution after Gaia tie-up; Ageas joins telematics panel; and Tokio Marine HCC relocates branches
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Axa buys renewal rights to Ageas UK's commercial lines business
Axa has acquired the renewal rights to Ageas UK’s commercial lines business for an initial consideration of £47.5m.
Lower claims impact expected from Malik and Corrie than predecessors
The insurance impact of storms Malik and Corrie is expected to be less severe than recent storms Arwen and Barra.
Direct Line begins green parts trial; Revolut diversifies insurance offering; RSA to recruit more adjusters; and Sabre strikes solus MGA deal
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Penny Black's Social World: February 2022
Milestone birthdays, celebrating religion, charitable donations and climate action
EY: investor confidence in UK FS hits new high; James Hallam backs broker start-up; Lloyd's approves insurtech Syndicate and Pen inks £300m QBE deal
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Self-driving car users should be off the hook for range of offences, commissions set out
The Law Commission for England and Wales and the Scottish Law Commission have proposed the creation of an Automated Vehicles Act that would shift the responsibility away from drivers of self-driving cars.