News
High Court finds in favour of small businesses and the FCA on majority of issues in BI case
The High Court has ruled that the majority of businesses who held business interruption insurance and were forced to close could be entitled to be compensated by the insurers.
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.
Blog: Everything you were afraid to ask about algorithms
Covernet’s Jim Campbell explains what algorithms can do for brokers.
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.
Vantage reveals 130 job cuts as it rebrands as Kingfisher following restructure
The changes follow redundancies and the consolidation of some centres following the promotion of Jacquie Boast to CEO in early 2020.
UK Broker Awards: Winners revealed
Tune in to find out who has taken home the coveted trophies as we unveil the victors.
Aston Lark focuses on London Market
Peter Blanc says London Market is priority for the broker and reveals MGA/underwriting hopes as the business buys Lloyd’s broker Brunel Professions.
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”.
People Moves Round-up: 7 - 11 September 2020
Keep up to date with the latest people moves.
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.
UKBA winners revealed at 12.00 tomorrow
Tune in to Insurance Age at 12.00 on Friday to see who will take home the coveted trophies.
D-Day for industry as FCA reveals date for BI judgment
Insurers will find out next week if their denial of coronavirus business interruption claims is legal.
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.
Allianz to close Liphook operation
The insurer is proposing to move its engineering, construction and power teams, based in Liphook, to its Guildford headquarters 17 miles away.
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.
Who are the top 50 personal lines brokers?
Check out the results of Insurance Age’s annual study into the top 50 brokers and providers in the personal lines market.
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.
Insurance Museum looks to raise £3m
The initiative is trying to raise the sum each year to develop a visitor centre, make a documentary series and develop educational outreach.
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.