Covid-19
Rate hardening expected to speed up insurance sector recovery from pandemic recession
Swiss Re chief economist says the insurance industry is more resilient than expected, while the global economic outlook remains fragile.
Orient Express named as "main battleground" ahead of BI test case Supreme Court hearing
The hearing in the FCA's business interruption test case starts on 16 November and will be heard by the same judges that oversaw the Orient Express case, which insurers have been relying on during the court proceedings.
In-depth - hospitality: Glass half empty or half full?
The Covid-19 crisis, and subsequent national and local lockdowns, have hit the hospitality sector hard, but, as Sam Barrett reports, there are concerns for the future. However, there are reasons for optimism and a number of ways for brokers to help their…
The Blog Spot: Taking the virtual route
Why it is right for Biba to keep things virtual at its 2021 conference, Sian Barton writes.
Hardening market and economy are brokers' top worries
Research from Aviva shows over half of brokers are expecting economic decline as a result of coronavirus restrictions.
Biba confirms virtual 2021 conference
The trade body said it was “impossible and unwise” to press ahead with an in person meeting for 2021 because of coronavirus.
News analysis: Covid - The hard work has only just begun
SME coronavirus struggles start to hit home for the UK broker space
Date set for Supreme Court BI battle
The case, brought by the FCA on behalf of policyholders, will be heard for four days from 16 November.
Hiscox reports Q3 growth despite Covid BI case
The insurer saw GWP grow as its retail business reported an uptick in all five of its business units.
Industry reminded of Covid-19 product value review deadline
The FCA warned insurers and brokers that any assessments must be completed by 3 December.
SMEs cut back on insurance spend amid Covid-19 financial struggles
Research from Premium Credit shows over half of SMEs have stopped paying for covers including employers' liability and professional indemnity as well as business interruption.
Blog: The care sector conundrum
The market is divided on the challenge of supporting the care sector in the face of Covid-19, says Markel’s Nic Brown.
Premiums collected will not cover insurable Covid losses - report
An insurance think tank has suggested that insurers would need to collect BI premiums for 150 years to make up for predicted global losses.
Aston Lark buys Birmingham broker
Group CEO Peter Blanc says the business has a number of more deals in diligence after seeing an uptick in enquiries as a result of the pandemic.
Marsh Commercial in director’s chair for £500m film and TV kick-start scheme
Marsh Commercial will help firms in the government Film and TV Production Restart Scheme find Covid-19 related insurance.
Advisory forum created to help small businesses recover post pandemic
Seven industry figures have joined the forum which was launched by Peach Pi to collaborate on improving relationships with consumers and within the industry.
Home insurance to “scrape a profit” in 2020
Poor weather threatened revenues but the fall in claims due to lockdown has lowered costs, but analysis paints a stormy picture for 2021.
Aston Lark posts growth in turnover and Ebitda in 2019
The group now employs over 900 people in 30 offices across the UK and Ireland, placing £440m of gross written premium.
BI dispute: RSA won't appeal on Resilience and two Eaton Gate wordings
The insurer is not challenging the judgement on three wordings as the coronavirus business interruption proceedings head to the Supreme Court.
Liberty Specialty Markets launches video platform for brokers
Provider says Liberty Virtual Rooms will help it build relationships with brokers and was launched in response to the decline in face-to-face meetings as a result of the pandemic.
Video: Adapting and thriving amid Covid-19
Matt Field of Direct Insurance London Market talks to Jonathan Swift about how brokers have responded to to coronavirus.
In Person: Andrew and Richard Bartlett
Bartlett Group’s joint MDs tell Insurance Age about the history of the family business, plans for the future and what it felt like to win at the 2020 UK Broker Awards.
Abrams Insurance reports growing GWP in its first year
MD Barry Abrams discusses the broker's progress since its launch in September 2019.
Insurance investor backs Let Live Thrive events cover initiative
John Kinder is spear-heading a public private initiative developed to help the hospitality industry get cover following the coronavirus pandemic.