Liability
Chubb targets media industry
Insurer focuses on middle market and multinational clients.
InsurTech Futures: Ex-AIG boss Jacqueline McNamee's C-Quence launches
Start-up MGA unveils management liability product and tech platform.
Instant Underwriting launches liability scheme
The cover is available wholesale to brokers through a portal developed by SchemeServe.
Review of the year: December 2018
Aviva's claim that it would disrupt the market with its new subscription-style product got brokers talking in the final month of the year.
UK insurance industry paid out £55bn in 2017
Sector also made a contribution to the UK economy worth £29.5bn and paid close to £12bn in taxes, according to the ABI.
Predictions for 2019: Park's Marc Loud
Broker predicts liability market hardening, greater onus on job training, and that vulnerable customers will be looked after better.
Insurers celebrate at Civil Liability Bill gaining Royal Assent
However the ABI noted that the “clock is now ticking” on the first review process into how the discount rate is determined.
FCA insurance spend rises to £264,587 for 2018/19
The regulator stuck with Aon as its broker.
AmTrust’s UK liability exit could see premiums rise
Brokers warned to prepare for prices to increase by 10%-15% as the provider’s departure causes “ripple effect”.
Axa unveils Brexit cover for management liability product
New offering applies to claims relating to directors & officers’ liability and company legal liability.
Covered launches on-demand aviation product
Business will wholesale product from next January.
IIG reaches for the skies with airside liability launch
MGA states brokers seeing rising demand due to expansion in regional airports.
MGAM launches general liability product
Product can be white labelled.
APC’s Russell hails Folgate’s market return
The insurer is set to write business lines including property, liability, warranty and PI and is targeting £50-60m GWP by January 2019.
Ensurance adds combined construction liability policy
The combined liability offering also caters for environmental impairment.
In-depth - liability: Breaking free
The change in the Ogden discount rate has had a large impact on the liability market, but there are more factors at play in this fast-moving sector, Ed Murray writes
MGAM launches event insurance
The product which covers employers’ and public liability, equipment, abandonment, cancellation and postponement can be white-labelled by brokers.
Brokers upbeat for growth after “massive” XL and Axa deal
Market pleased that XL has “gone to a good home” and confident of new opportunities.
Thistle launches high risk and construction products
MGA takes on new staff to run the schemes.
The stats: December 2017 - The Acturis Premium Index
The third quarter saw notable increases in the Acturis stats, both by size of average premium and the number of lines rising
Clearbroking launches haulier’s liability product
It has teamed up with R&Q and Lloyd’s to offer the product to the broker market.