Insurer
News analysis: Brokers warn of confused clients and damaged reputations after BI test case judgment
Industry reacts to Supreme Court’s decision to dismiss insurers’ appeals in FCA BI test case
FCA launches policychecker for BI customers
The regulator has developed the tool to help policyholders find out if their wording is affected by the Supreme Court's coronavirus ruling.
Markerstudy "keen to get back on the acquisition drug" after £200m investment
Group underwriting director Gary Humphreys says funding agreement led by Pollen Street Capital restructures the MGA's debt and opens the business up for making further deals.
Q Underwriting launches property and package division
The line is supported by capacity from Ergo UK Specialty which is part of Munich Re.
Prometheus Insurance falls into administration
The Gibraltar-based insurer, also known as Tradewise Insurance Company, which went into run-off last year, cannot meet claims in full.
Guide launched to aid inclusive policy design
Insurance Cares: The document has been developed by Fair By Design with input for providers and regulators and has been created to help vulnerable customers.
Brokers push government to cover Covid-19 event insurance gap
Without backing as soon as possible events will be unable to take place over the summer as broker calls for £200m support package.
Markerstudy in £200m investment deal led by Pollen Street Capital
QIC is also set to participate in the transaction, as Markerstudy says it plans to grow organically and through acquisitions.
Apollo replaces head of marine and energy liability
Rob Johnston replaces Howard Burnell who was convicted of assault last week.
Usage-based car cover platform created
The proposition has been developed by By Miles founder, Callum Rimmer, for insurers and brokers to offer access to usage-based cover to the motor market.
People Moves: 25 - 29 January 2021
Stay up-to-date with the latest personnel changes in the world of broking and insurance.
FCA orders insurers to pay claims swiftly following Supreme Court ruling
In a letter to insurers, FCA executive director Sheldon Mills, urges firms to reassess and settle valid BI claims.
Aviva’s Patrick Tiernan moves to Lloyd’s
Tiernan will take up the newly created role of chief of markets.
Blog: How brokers can stay relevant in the shared economy
Ian Sweeney, SVP & GM of Trōv Mobility, offers us the inside track on Trōv’s evolution from a direct to broker proposition and shares his thoughts on what brokers must do to take advantage of the opportunities in the sharing economy.
Aviva confirms office closures amid restructure
The provider says it will retain presence in all cities and towns where it currently has offices and notes the move will not result in any redundancies.
BI test case: Brokers buried under avalanche as clients clamour to claim
Brokers say national press coverage has led to confusion and a massive increase in client calls as they await communication from insurers on how to proceed.
Head Lines: Zurich offers counselling to all claimants
Brokered and direct customers will be offered access to five counselling sessions if they claim.
RSA shareholders say yes to £7.2bn takeover
Canadian provider Intact and Danish insurer Tryg made a cash offer for RSA in November 2020.
People Moves: 18 - 22 January 2021
Stay up-to-date with the latest personnel changes in the world of broking and insurance.
Blog: What should brokers be prioritising when it comes to workplace wellbeing for 2021?
Petra Velzeboer discusses why now is the time to focus on a strategic approach to mental health in the workplace and move past awareness initiatives.
Test case insurers promise action after Supreme Court defeat
Providers pledge to review claims and contact customers after the Supreme Court sided with the FCA and policyholders in the final verdict over payment of BI claims arising from Covid-19.
Insurers urged to pay claims quickly following BI ruling
The Supreme Court concluded the Covid-19 business interruption dispute by substantially ruling in favour of policyholders.
Supreme Court rejects insurers' appeals in BI test case judgment
The court also concluded that the Orient Express case, which insurers relied on during the hearing, was wrongly decided and should be overruled.
GB Underwriting joins Specialist Risk Group
The MGA specialises in construction and provides property and liability cover via UK brokers.