Insurer
Covid-19: Government loan schemes open
Government scheme is supporting small and medium sized businesses, while the Bank of England’s scheme is supporting larger firms.
People Moves Round-up: 16-27 March 2020
Keep up to date with the latest market moves.
Covid-19: Are you a key worker?
Biba's Graeme Trudgill outlines the relevant areas for brokers as the FCA tells firms how to identify key workers in financial services.
Covid-19: ABI highlights insurer motor and home commitments
The body outlined the insurer response to Financial Conduct Authority guidelines as providers waive renewals for key workers.
Ecclesiastical unveils cyber safety resources for teachers
Insurer developed ‘Cyber Ready’ toolkit following feedback that pupils are often more tech savvy than teachers.
Covid-19: Confusion over rent guarantee insurance
Broker refuses to sell rent guarantee cover amid the coronavirus crisis as it forces landlords to evict tenants in order to kick in.
Covid-19: Nicola Sturgeon calls on insurers to "play their part"
The Scottish First Minister says insurers need to "step up to the plate" and help small businesses.
Covid-19: Lloyd's rings Lutine Bell
The market closed its underwriting room on Thursday afternoon in response to the coronavirus crisis.
CMA slaps Ardonagh’s Paymentshield over PPI
The “significant” breaches meant some customers did not get annual review statements for up to six years.
Covid-19: Lloyd's closes London underwriting room
Market moves to close its underwriting room from 4pm on 19 March to "avoid non-essential contact".
Covid-19: FCA calls on insurers to treat customers fairly during crisis
Regulator sets out expectations amid coronavirus for travel, motor and home insurance, product suspensions and renewals as it highlights the important role of the broker in helping vulnerable customers.
LV's underwriting profit falls by 39% in 2019
But CEO Steve Treloar says premiums in the provider's broker business has grown by 24% after Allianz's personal lines business transferred to LV.
Covid-19: ABI clarifies position on business insurance
The insurance industry has faced a customer backlash as most commercial policies do not cover for business interruption caused by pandemic.
Covid-19: Mactavish calls on government to help insurers through crisis
Consultancy warns coronavirus impact on insurers will lead to dramatically rising premiums and exits from business classes as it urges the government to look at a range of measures including temporarily suspending IPT.
Covid-19: Government addresses nation on pandemic BI cover
Government says insurers will cover pandemic but ABI insists this changes very little as most do not have this type of cover.
CII postpones some exams amid coronavirus outbreak
The body is hitting pause on April’s written exams until October but plans to press ahead with its July sittings and multiple choice exams in small groups will continue.
Covid-19: Biba defends hiring Boris Johnson as speaker
The body paid him £25,000 but the entire industry is now under fire over government decision to not enforce business closures in a move which some claim will affect BI cover.
Covid-19: ABI admits few will be covered for BI
The government advised leisure businesses to close voluntarily prompting a public backlash that firms won’t be able to claim for business interruption as it isn’t a closure order.
QBE to close UK offices in coronavirus stress test
Insurer pledged no business interruption as it plans for employees to stay home on Wednesday 18 March.
The Blog Spot: Navigating these strange times
We’re already seeing travel cover suspended and confirmation BI isn’t covered for Covid-19. What might this mean for the future of insurance and trust in the sector?
LMA develops renewal clause amid Covid-19
The London Market organisation has published wording to ensure coverage continues beyond a specified renewal date as the coronavirus pandemic continues.
Pen and Markel agree £25m in equine capacity
Deal is a three-year renewal of an equine partnership that first began in 2017.
CII president video streams speech as coronavirus restrictions hit
Nick Turner, also a director at NFU Mutual, was stopped from attending the annual CII president's dinner after the provider banned staff from attending events with more than 100 guests.
Travel brokers reveal mixed approach to coronavirus cover
InsureandGo says policies will not cover Covid-19, while Staysure continues to sell travel insurance and travel disruption cover.