United Kingdom (UK)
Q&A: Max Carter, New Dawn Risk
Formed in 2008, New Dawn Risk grew to handle £81m of premium last year. It started 2021 by looking to target UK regional brokers for the first time. Founder Max Carter reviews the growth of the company and explains why now is the right time for the firm…
Analysis: ERS goes commercial
Broker-only motor insurer ERS has the chance to make its mark in the commercial sector but will need to recruit well and target niche larger risks.
Tesco Bank switching to in-house underwriter for all home and motor insurance
Tesco Bank new and renewing home and motor policies will be underwritten by Tesco Underwriting from August, the business announced on Tuesday.
Debenhams and Weddingplan insurer ‘considering’ impact of Supreme Court ruling on wedding claims
The businesses behind Weddingplan and Debenhams wedding insurance are “considering” the impact of the Supreme Court judgment and what it means for policyholders who did not get lockdown payouts for cancelled weddings, Post has learned.
Curious case of the PPI huckster filing accounts from beyond the grave
Exclusive: The former boss of disgraced Bury-based claims firm Harringtons Advisory, Ibrar Akbar, passed away in 2019 – but his name continues to be used on accounts paperwork for another of his companies.
Committee calls for government PI scheme for fire risk assessors
The government faces calls to act as an insurer of last resort for fire safety engineers’ professional indemnity insurance.
LV’s Heather Smith on crucial brand value
As the industry responds to the Financial Conduct Authority’s pricing shake-up and tackles the ongoing challenges of the coronavirus pandemic Heather Smith, managing director of the LV General Insurance retail business, addresses why having a trusted…
Insurers count cost of Christoph as warnings of further flooding intensify
Storm Christoph is not expected to prove as costly as other recent winter storms, with PWC predicting insured losses could hit £120m, but could set the stage for more severe flooding as soon as next month.
We can double again, says PIB boss Brendan McManus after Apax deal
PIB Group can double in size over the next five years, CEO Brendan McManus told Post after private equity firm Apax Partners became the firm’s lead investor taking over from The Carlyle Group which has retained a stake.
IUA starts hunt for chair as Patrick Tiernan swaps Aviva for Lloyd’s
The process for appointing a new chair of the International Underwriting Association has begun, Post can reveal.
FCA will use ‘full range’ of regulatory tools and powers to ensure insurers meet expectations after BI ruling
The Financial Conduct Authority has set out the next steps it expects insurers to take after the Supreme Court judgment on the Covid-19 business interruption claims test case last Friday.
Software house witnesses fortyfold increase in BI claims
There was a fortyfold increase in business interruption claims put through software house Acturis in the week of the Supreme Court Covid-19 business interruption judgment, Post can reveal.
Lloyd’s takes Aviva’s Patrick Tiernan as chief of markets
Lloyd’s has recruited Aviva’s managing director of UK commercial lines and global corporate and specialty Patrick Tiernan as its first chief of markets.
Blog: Whiplash portal may never live up to expectations but still time to prevent government IT disaster
The government needs to use the short delay to the Civil Liability Act wisely, says Matthew Maxwell Scott, executive director of the Association of Consumer Support Organisations.
FCA proposes to cap CMC fees saving consumers £9.6m a year
The Financial Conduct Authority has published proposals to cap the fees claims management companies can charge their customers.
Commission-hungry claims firms target Covid-hit businesses
Claims firms and no-win-no-fee solicitors have ramped up attempts to get businesses to make Covid-related claims with them following the Supreme Court business interruption ruling – but insurance experts are concerned that fees could be as much as 40% of…
My Other Life: Dean Fathers, army reservist
Dean Fathers, chair of insurance consultancy Greenkite Associates, has carved out another life with the Army Reserve, where his efforts have earned him a Gold Award presented by Prince William as part of the Defence Employer Recognition Scheme.
Under the Bonnet, driven by Haynes Pro: What progress is being made in making the UK vehicle pool more environmentally friendly?
In the first of a new quarterly series in association with Post, Haynes Pro crunches the data to look at the take up of electric and hybrid vehicles in the UK over the past 10 years
Policyholders must be helped to understand gaps in cover says CII panel
The industry must communicate to policyholders what their policies do not cover to address reputational issues the industry is facing and help breach the expectation gap, a panel of senior industry professionals speaking at a Chartered Insurance…
Sompo adds Richard Brown to lead on London market and property push
Sompo International has appointed Richard Brown to lead a new team focusing on property business through retail distribution channels in the UK, Europe and selected international territories including the Middle East and Israel.
Loss adjusters report 'significant' rise in BI claims volume
The number of business interruption claims being submitted after the Supreme Court judgment has increased significantly with more anticipated over the coming weeks, loss adjusting firms have told Post.
Q&A: Jennette Newman, Forum of Insurance Lawyers
Jennette Newman, partner at Clyde & Co, was appointed as president of Forum of Insurance Lawyers in November last year, replacing Anthony Baker. She spoke to Post about her hopes for 2021.
Ex-ABI leader Hugh Savill joins Sicsic Advisory
Hugh Savill, the Association of British Insurer’s director of regulation for 17 years, has joined boutique financial services risk and regulation consultancy Sicsic Advisory as a senior advisor, Post can reveal.
Government to offer insurance for care homes that take on discharged coronavirus patients
The government has announced a scheme to cover care homes that have struggled to take on people who have been discharged from hospital following a Covid-19 positive test but have further support needs due to a lack of available insurance.