United Kingdom (UK)
Axa's Bob Ewers on providing resilience and support during a global crisis
Covid-19 has created an enormous challenge for businesses worldwide and it is only natural to question how resilience, staff support, and customer care is maintained. Bob Ewers, CEO of Axa Partners UK & Ireland, explains the importance of business…
Cost of motor insurance at four year low due to lockdown
The cost of motor insurance fell to the lowest quarterly level since 2016, according to statistics from the Association of British Insurers.
Concerns grow over fraud and arson increase due to Covid-19 lockdown
Financial hardship caused by UK-wide lockdown is contributing to increase in fraud and arson, warn loss adjusters.
Blog: Premium finance opportunities in a post-pandemic era
In the aftermath of Covid-19, Owen Thomas, Premium Credit’s chief sales officer reflects, on some key changes to the insurance industry and the increasing role insurance premium finance will play.
Telematics thwarts thieves to save £300,000
Dedicated telematics tracking devices have led to the quick recovery of three stolen high-end vehicles and saved London-based car hire company nearly £300,000.
Ecclesiastical recruits Trott from Allianz for claims director role as Bonehill retires
Ecclesiastical has recruited Jeremy Trott from Allianz to fill the claims director role with David Bonehill retiring this October.
Swiss Re pegs H1 Covid-19 losses at $2.5bn
Swiss Re has predicted $2.5bn (£1.96bn) of pre-tax Covid-19 losses in the first six months of 2020 will drive its half year results to a $1.1bn loss.
Updated: RSA QC lambasts ‘clear misuse’ of the word ‘peril’ by action group
Representing RSA, David Turner QC, accused the Hospitality Insurance Group Action of “clear misuse” of the word ‘peril’ on the on the fourth day of the hearing of the Financial Conduct Authority’s Covid-19 business interruption test case.
Blog: Holding the line - how networks are helping insurers manage the pressure
Millions of people around the world continue to work from home as part of measures to restrict the spread of coronavirus. But with social restrictions easing in many countries across Asia and Europe, thousands of brokers who swapped the physical trading…
QC calls on court to treat insurers fairly
Insurers dived into the causation debate during today's proceedings, slamming the Financial Conduct Authority’s approach to the ‘but for’ test as the business interruption case continued in the High Court.
Tansar administration after collapsed sales talks leaves Gefion facing £5.4m shortfall
Unrated Danish insurer Gefion is due to receive just 3% of the £5.5m owed by Tansar Holdings, which has been put into administration.
Hiscox blasted by QC over policy interpretation in FCA BI case
The arguments set out by Hiscox in its defence over non-payment of business interruption arising from Covid-19 are too narrow, unrealistic and uncommercial according to the Hiscox Action Group.
Claims Apprentice 2020: Episode one - Meet the teams
After a rigorous week interviewing rising insurance stars up and down the country, the field has been whittled down to six candidates, all competing for the prize of becoming the 2020 Claims Apprentice.
Brit digital syndicate Ki takes Dan Hearsum from Marsh as MD
Digital algorithmically-driven Lloyd’s of London syndicate Ki has appointed Dan Hearsum as managing director joining from Marsh JLT Specialty where he was head of placement for the specialty business in the UK.
Blog: The rise in escape of water claims
Escape of water claims across the insurance sector often form the highest proportion of all claims notified and the number and cost of those claims continue to rise. John O’Shea, partner and head of property damage and recovery at BLM, and Paul Redington…
Action group brands insurers' focus on lack of specific pandemic cover 'a diversionary tactic'
Insurers’ repeated argument that policies were not intended to cover pandemics has been described as “a diversionary tactic” on the third day of the Financial Conduct Authority’s business interruption test case.
Former insurance business development head Laurence Ives jailed for sexual offences against children
Laurence Ives, 55, of Western Road, Leigh, has been jailed for four years and placed on the sex offender register for ten years for committing 15 sexual offences against children.
QBE warns of $335m Covid underwriting hit for H1
QBE has predicted it will deliver a $750m (£581.7m) post tax loss when its half year results for 2020 are published next month.
FCA register hit by further cloning attempt
The Financial Conduct Authority has warned of a second fake website purporting to be its financial services register in the space of two months.
McCaffrey targets 10 deals for MVP and Ataraxia
Minority Venture Partners and Ataraxia CEO James McCaffrey is confident the businesses will strike up to 10 deals in the next 12 months, he told Post.
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Blog: The rise in casualty claims post Covid-19
As the UK emerges from the Covid-19 pandemic, with lockdown restrictions easing and many sections of the economy back up and running, Anthony Baker, president of the Forum of Insurance Lawyers and partner at Plexus Law takes a look at what new casualty…
FCA picks apart insurer reliance on Hurricane Katrina judgment in BI test case
On the second day of the Financial Conduct Authority’s business interruption test case, the regulator’s lawyers argued there are key issues with the Hurricane Katrina Orient Express judgment insurers are expected to lean on during the case.
CMA launches merger inquiry into Ardonagh-Bennetts deal
The Competition and Markets Authority has opened a merger inquiry into the proposed takeover of Bennetts Motorcyling Services by Ardonagh Group.