Articles by Ida Axling
Broker NDML pledges to “continue to fight” for QBE clients after judgment
MD Simon Mabb, along with the Night Time Industries Association, says he is both “pleased and frustrated” at the ruling from the High Court, as he notes Hiscox claims have been deemed legitimate, but the QBE result is “still unclear”.
Hiscox expects less than £100m of Covid-19 BI claims after court ruling
The High Court today found in favour of the FCA and policyholders on the majority of the key issues under scrutiny in the business interruption test case.
Tasker moves to Acturis from Open GI
Software house says Tasker moved its retail broking business across during the Covid-19 lockdown, with part of its product distribution for the underwriting business set to follow later this year.
CII calls on sector to act now to avoid future FCA test cases
Body urges industry to work on product governance, improving advice processes and establishing an approach to pandemics.
The Society of Insurance Broking pledges to support broker recovery from Covid-19 impact
The society looks at the long-term financial and economic impact of the pandemic as it reveals its plans for the next year.
CFC revamps cyber incident response app
Provider says offering notifies policyholders of critical, time-sensitive threats and vulnerabilities in real-time, leveraging its proprietary data enrichment platform.
Kingfisher issues legal proceedings against Fresh sellers
CEO Jacquie Boast says the business uncovered fraudulent behaviour at Fresh, which it bought in 2018, while undertaking its recent change programme and has filed a high court claim for up to £25m.
Legal spat between Jelf and DRP continues
DRP denies client and staff poaching claims and accuses Jelf of unlawfully accessing private conversations, while Jelf replies that DRP's defence contains “much irrelevant and often inaccurate information”.
Saga confirms £150m capital raise and investment from ex CEO Sir Roger De Haan
Business also posts pre-tax loss of £55.5m for the first six months of 2020.
MIB proposes 10% headcount reduction
Organisation says it is set to make 50 redundancies as part of a transformation programme and in response to "significant budget challenges" arising from Covid-19.
Lloyd's expects to pay out £5bn in coronavirus claims
Market reveals a loss of £0.4bn and a worsened COR in its financial results for H1 2020.
Brokers urged to take FCA letter on "risks of harm" in sector seriously
Compliance specialists say brokers should make sure their procedures are in line with the expectations of the FCA.
Stoneways Marine unveils yacht and motorboat product
The new offering is available to brokers and Stoneways stated that the policy includes covers such as non-medical repatriation and mental health support for those onboard.
Biba adds Fidelity Payment as an associate member
Trade body says move will enable brokers and their customers to collect Visa, Mastercard and Amex payments through their software houses.
Carrot calls on government to cut IPT for young drivers using telematics products
Broker says telematics insurance reduces young driver accidents by over 40% and adds that it saves on average £5m each year in lower claims costs.
Arag revamps family legal solutions offering
Product now includes a 'dark web' monitoring and ID theft restoration service, which the provider says will "enable brokers to build a truly unique proposition".
Brokers predict tough challenge for Zurich's incoming UK CEO
Experts argue that Tim Bailey, who will take over when Tulsi Naidu moves to Zurich's Asia Pacific business, must prioritise getting to know the broker sector.
Home insurance premiums fall after Covid-19 lockdown
Figures from Consumer Intelligence shows average buildings and contents policies fell by 0.3% in the last three months.
Brokers under attack as FCA identifies "risks of harm" in sector
In a Dear CEO letter, Roma Pearson, head of retail GI, calls on brokers to address their strategies and improve their governance and warns the watchdog will take action.
The stats: September 2020 - The Acturis Premium Index
The hardening market along with the Covid-19 crisis has continued to push premiums up in the majority of product lines represented in the Acturis commercial broking index, fleet being the notable exception.
Treasury launches latest five year review into Pool Re
Pool Re is forming an advisory group consisting of insurance CEOs and other stakeholders to advise it throughout the review, which will determine its strategic direction for the next five years.
Zurich names new UK CEO
Tim Bailey will take over on 1 January as current CEO Tulsi Naidu moves to become CEO Asia Pacific at the provider.
Call Connection administration to be wrapped up next year
The business collapsed in 2017 along with broker Ignition Select and it is predicted that only £246,000 will be paid out to creditors, with Lloyds Bank suffering a "significant shortfall".
Tulsi Naidu exits as Zurich UK CEO
She leaves to head up the insurer's Asia Pacific region as provider reshuffles its executive team and makes swathe of leadership appointments.