News
Hiscox expects $175m Covid-19 payout
Hiscox, which is currently in dispute with a group of firms over BI, said it is actively settling claims for event cancellation and abandonment, media and entertainment and travel.
Axa XL searches for new UK CEO as reshuffle sees Paul Greensmith depart
Four senior leaders have left the provider as Axa XL states it is set for global restructure.
Covid-19: MP calls for insurers to make full pay outs due to pandemic
Jonathan Edwards has signed an early day motion calling on the government to instruct all insurers to use dividends to pay Covid-19 claims.
Covid-19: Legal firm calls for joint govt and industry BI recovery plan
Flaxmans makes case for government and insurance sector to team up to help businesses recover following the coronavirus pandemic as Mactavish calls for independent review.
Axa XL reveals global restructure
Provider to create a single global insurance underwriting function and form three geographical business units across the Americas, Eurasia and the UK & Lloyd’s market.
Lloyd’s pulls together BI data for PRA – reports
The marketplace has been asked to collate insurer BI cover information for the regulator.
Complete our survey: How has your business been hit by Covid-19?
Survey aims to find out how the industry has changed its working practices, the challenges faced by professionals working remotely and how brokers feel insurers have responded to the pandemic.
Admiral becomes first UK provider to offer pandemic rebate
The business is to return £110m to car and van customers as part of Stay At Home Refunds as it becomes first to bow to pressure to give back as policyholders use vehicles less.
Covid-19: Stephen Catlin heads up industry steering group on pandemic response
The group, which has members including Aviva's Maurice Tulloch and RSA's Stephen Hester, is working closely with Pool Re to develop solutions to the crisis.
The working from home diaries: Tom Bartleet
Insurance Age finds out how Tom Bartleet, CEO of Erskine Murray, has adapted to changes in working practices amid the Covid-19 outbreak.
Car insurance premiums fall in Q1 2020
Research by Confused.com and Willis Towers Watson reveals dip in motor premiums, following a £47 rise over the last year.
Covid-19: Celebrity chef joins firms attacking Hiscox over BI cover
Reports state star chef Raymond Blanc has slammed Hiscox for not paying out after he was forced to close his restaurants and pubs in the wake of the coronavirus outbreak.
Blog: What brokers need to know about product recall exposure for SMEs
CFC's Lucie Dean discusses what brokers can do to help their SME manufacturing clients.
The working from home diaries: Paul Beck
Insurance Age finds out how Paul Beck, managing director at Direct Insurance Corporate Risks, has adapted to changes in working practices amid the Covid-19 outbreak.
Covid-19: We want to break free…
As lockdown continues PKF Littlejohn’s John Needham, shares information about how insurance businesses are accessing the government’s business relief measures amid the coronavirus pandemic.
Covid-19: App-based broker Lenny closes down after backers exit
Short-term car insurance broker says the Coronavirus outbreak made it a "frustratingly unfavourable landscape" to find a new backer.
Blog: Covid-19 will make cyber and digital insurance policies more relevant than ever
Kennedy's Elizabeth Bardsley discusses the risks brokers need to be aware of as more and more professionals work from home as a result of the coronavirus pandemic.
People Moves round-up: 13 - 17 April 2020
Keep up to date with the latest market moves.
The working from home diaries: Nick Hobbs
Insurance Age finds out how Nick Hobbs, director of broker markets at Allianz UK, has adapted to changes in working practices amid the Covid-19 outbreak.
Insurance Covid-Cast - episode three: Is motor insurance at a tipping point in light of the coronavirus lockdown
In the third of a new series of video casts brought to you by Insurance Post and Insurance Age while our journalists are in isolation lockdown we discuss whether UK motor insurers are being unfair in not rebating premium or offering more flexible options…
Covid-19: Insurers clarify stance on Coronavirus cover
Updated: A number of providers have introduced exclusions for Covid-19.
Covéa reveals £22.3m underwriting loss in 2019
Provider also posts increases in GWP and profit after tax as it reports "disappointing" personal motor result impacted by claims inflation and a "lower than anticipated" Ogden rate.
Covid-19: Industry welcomes "firm and pragmatic" FCA message on BI claims
Sector responds to the regulator's Dear CEO letter calling on insurers to pay valid claims quickly.
FCA data reveals complaints numbers soared in H2 2019
Regulator reports 75% increase in PPI complaints ahead of 29 August 2019 deadline.