coronavirus
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.
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.
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.
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.
Video: How coronavirus has changed the business landscape
Insurance Age content director, Jonathan Swift, talks to MS Amlin's senior e-trade underwriter,Chris Morgan, about how insurance must adapt to the developing needs of customers as the pandemic acts as a catalyst for change.
Aon leads coalition on post-coronavirus ‘new normal’ ways of working
The broker will assess how best the city can operate in a post-Covid environment.
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.
News analysis: Can brokers weather the recession storm?
With some sectors hit harder than others and reputational damage from unpaid business interruption claims fresh in clients’ minds, the coronavirus recession could be unlike any experienced before
Trade-offs are needed to create pandemic policy, says Liiba
CEO Christopher Croft argues that governments and private insurers need to collaborate on solution capable to respond to future pandemics in order to keep costs down for taxpayers.
Blog: Helping clients prepare for a post-pandemic future
Craig Thornton, insurance lead at Lloyds Banking Group considers the role of the sector during the pandemic.
Das UK posts profit rise for 2019
The legal expenses provider's COR worsened to 99.2% over the year while GWP fell slightly.
Abbey Autoline hits acquisition trail after rebrand
MD Julie Gibbons discusses the broker's rebrand, acquisition plans, opening up after lockdown and how the business has ended up with a female majority in management roles.
Ecclesiastical reports £59.7m loss after Covid-19 hit
GWP was up by 9% in the first half of 2020, while the provider's COR worsened to 101.1%.
Bollington has five deals in the pipeline as it gears up for growth
Group CEO Paul Moors chats to Insurance Age about the broker’s Watson Laurie deal, future growth plans and cutting ties with Gefion.
Right Choice posts turnover rise for 2019
CFO Mark Mugge says specialist motor broker is gearing up to make acquisitions and predicts the personal lines sector will see rate increases as a result of the pandemic.
Aviva reveals 14% GWP rise across digital platforms during lockdown
The provider also saw a 400% increase in webinar attendance as brokers grappled with challenges arising from the pandemic.
Q&A with Aviva's Phil Bayles
Following Broker Extra in July, Insurance Age caught up with one of the speakers, Aviva chief distribution officer Phil Bayles, to discuss some of the key topics that came out of the event
Zurich UK GI reveals H1 loss after Covid-19 claims hit £140m
CEO Tulsi Naidu points to positive working relationships with brokers throughout a "time of great stress" as she maintains that the provider is "very well positioned" for the future.
Hiscox and HAG agree on arbitration process as legal dispute continues
The action group, which is also a claimant in the FCA BI test case, started legal proceedings against Hiscox earlier this year after the provider rejected coronavirus-related business interruption claims.
FCA extends measures to help insurance customers under Covid-19 financial strain
The temporary rules and guidance will now be in place until 31 October, while the FCA notes it is looking at making aspects of the measures permanent.
NIG sees premium growth in H1 as Direct Line posts profit fall
CEO Penny James comments on the provider's Covid-19 strategy as COR improves but in-force policies reduce.
Admiral lockdown rebate cost £97m
2020 COR for the first half of the year was 83.0% compared to 92.3% on H1 2019.
Aviva UK numbers a product of Covid-19
UK COR hit 106.3% for the first half of 2020 as GI CEO Colm Holmes points to a strong underlying performance despite the business remaining in cost-cutting mode.