Agriculture
Insurers to sue government on Vnuk
The Motor Insurers’ Bureau is to recommence legal action against the government over inaction on 'unnecessary' Vnuk costs.
Howden reveals football's Covid losses; Convex opens new European subsidiary; Volante gets new syndicate approval from Lloyd’s; and Zurich supplants Axa as MGA's £105m capacity
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Ardonagh hires former Ireland rugby captain Best
Ardonagh has appointed former Ireland rugby captain Rory Best as director of development.
Interview: Nick Turner, NFU Mutual
After a tricky year as Chartered Insurance Institute president Nick Turner has stepped up as NFU Mutual group CEO. He talks to Stephanie Denton about insuring the most dangerous profession in the UK, accepting the golden ticket and why constant movement…
Blog: Securing our prosperity in a climate resilient world
The global (re)insurance industry is a key player in helping to decarbonise our economies and mitigate the risk of climate change, writes Swiss Re CEO of reinsurance Moses Ojeisekhoba.
Q&A: Stephen Smout, McLarens
Stephen Smout, head of McLarens’ UK and Ireland agriculture practice, discusses the regulatory and technological factors that have brought British farming to a crossroads, and the role the insurance sector could play supporting farmers going forwards.
Nuventure to launch personal and commercial lines MGAs within next month
Managing general agent platform Nuventure will launch two MGAs within the next month and aims to develop propositions for the UK terrorism, UK SME directors’ and officers’, and agriculture markets, CEO Andy Colbran has told Post.
For the record: Wilson’s insurtech Abacai acquires Dayinsure; 250 job losses at BGL; GRS recruits Advanta team; and Howden acquires STA Group
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
For the record: Ardonagh swoops for PI broker; ERS in ILS push; First 4 Lawyers launches RTA law firm; Marsh partnership and McLarens acquires
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
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.
Interview: Ardonagh MGA boss Derek Coles
Ardonagh’s CEO of MGA Binders and Facilities Derek Coles spoke to Post senior reporter Emmanuel Kenning about being subscale in Ardonagh, MGAs' need for differentiation, the Rural buy and future acquisition targets.
Rising Star: Jake Finlay, Sedgwick UK
Coming from a background of herding sheep in the Falklands and rearing calves in Northern Ireland, Jake Finlay didn’t want to lose his rural ties after university. He now works on agricultural claims in the South East
Markel told to pay £16m damages in Braganza test dispute
A judge has ruled against Markel and ordered it to pay damages of £16m in a long-running dispute with lender UK Acorn Finance.
Blog: The rise in fly tipping - what do insurance policies cover?
A recent report by the BBC about the continued rise of large fly-tipping incidents across England came as no surprise as both the frequency and severity of waste related claims as risen, ranging from relatively minor fly-tipping incidents to large scale…
Ardonagh adds agricultural specialist Rural to MGA suite
Ardonagh has acquired agricultural specialist Rural Insurance Group from Primary Group for an undisclosed sum.
A matter of when, not if, for personal lines parametric insurance: Scor's Jonathan Clark
Parametric insurance is unlikely to replace conventional indemnity products, but there is a strong likelihood that it will become more widely used, even in personal lines, in the future, a conference heard.
Victor to write follow-on business through 'virtual' Lloyd's syndicate
Victor Insurance will operate at Lloyd’s as a “virtual syndicate” writing follow-on business as it looks to provide its capital partners opportunities to participate in risks around the world.
Top 30 Asia Insurers: A volatile year
2018 was a volatile year for Asian insurers with the majority of them posting declines in gross written premium or sluggish growth. Christie Lee, senior director of analytics for Asia-Pacific at AM Best, explains the challenges they are facing.
This week: All at sea
The fraudulent claims we’re used to hearing about involve banged-up cars and invented cases of whiplash. Ones involving oil tankers, pirates, the Admiralty Judge, and statements given in places as far-flung as Aden and Manila are somewhat harder to come…
Blog: Climate change - the emerging risks for agriculture
Extreme weather, heat stress and accidental fire are all issues that are likely to become more prominent for farmers as our climate changes argues Steve Smout head of agriculture at loss adjuster McLarens.
Blog: The Whaley Bridge experience - how well do insurers cope at times of crisis?
The Whaley Bridge incident has once again thrown the spotlight on insurers, their disaster plans and capacity issues. Alex Dalyac, founder and CEO, Tractable comments that while feet on the ground will never be totally replaced, the industry could be…
RSA's David Germain on keeping up with technology
Insurance has a long history but as David Germain, chief technology officer for RSA, explains, the sector still needs to keep up with technology.
Gallagher acquires South West commercial broker
Gallagher has acquired Devon-based commercial insurance broker Pavey Group, in its fourth acquisition of the year.
Blog: Aspirational insurance – a new idea for the sector to consider
The current insurance model is 'failure' oriented - paying out on something negative happening. Should the industry reconsider this and reward 'success' instead, asks Geoff Knott, a director at Ninety Consulting