business and finance D&O rate increases hit 77.3%, reports Marsh By www.insuranceage.co.uk Published On :: Thu, 28 Nov 2019 11:32:22 +0000 Company warned that there is no end in sight to the recent rate hikes in the sector. Full Article
business and finance The stats: December 2019 - The Acturis Premium Index By www.insuranceage.co.uk Published On :: Mon, 09 Dec 2019 09:37:15 +0000 The third quarter of 2019 brought year-on-year premium growth in all classes of commercial business but one, according to the latest set of data provided by Acturis. Full Article
business and finance Motor premiums may ‘reach the highest on record’ By www.insuranceage.co.uk Published On :: Mon, 20 Jan 2020 09:42:44 +0000 Willis Towers Watson and Confused warn of future increases as they publish data for Q4 2019. Full Article
business and finance The stats: March 2020 - The Acturis Premium Index By www.insuranceage.co.uk Published On :: Fri, 06 Mar 2020 09:59:42 +0000 As 2019 closed, the Acturis commercial broking index equalled its base line of Q1 2010, representing a quarter of heavy increases in premiums over the year before Full Article
business and finance Analysis: Results season reveals mixed picture for insurers By www.insuranceage.co.uk Published On :: Fri, 03 Apr 2020 09:55:08 +0100 Insurers point the finger at increased claims and unexpected Ogden rate change in a challenging year Full Article
business and finance Motor premiums rise 2.8% in Q1 By www.insuranceage.co.uk Published On :: Fri, 03 Apr 2020 09:59:21 +0100 Consumer Intelligence warned that telematics restrictions following coronavirus may hit youngest drivers hardest. Full Article
business and finance Broking success: Richard Hames, M&DH Insurance Services' managing director By www.insuranceage.co.uk Published On :: Tue, 24 Mar 2020 12:44:17 +0000 Building a broker: M&DH Insurance Services’ managing director Richard Hames tells Insurance Age why the construction and manufacturing specialist is focused on growth and how the broker is overcoming the current challenging market. Full Article
business and finance Blog: Open or closed - the branch dilemma facing brokers By www.insuranceage.co.uk Published On :: Fri, 27 Mar 2020 11:56:55 +0000 As the first working week of self-isolation comes to a close for many, Insurance Age content director Jonathan Swift looks at the stance brokers are taking in terms shutting up shop or keeping their branches open. Full Article
business and finance Business Secretary states most firms have “not purchased” Covid-19 cover By www.insuranceage.co.uk Published On :: Wed, 01 Apr 2020 10:19:54 +0100 John Glen said the government is in continual dialogue with insurance sector as he restates companies without the right cover will require support from elsewhere. Full Article
business and finance In-depth - liability: The future of construction PI By www.insuranceage.co.uk Published On :: Wed, 01 Apr 2020 12:08:58 +0100 Are there any solutions to the loss of capacity and increasing premiums in construction PI? Martin Friel investigates Full Article
business and finance Blog: Pandemic - what is covered? By www.insuranceage.co.uk Published On :: Wed, 01 Apr 2020 12:39:33 +0100 Biba's executive director, Graeme Trudgill, addresses the big question around business interruption and Covid-19. Full Article
business and finance In-depth - liability: Are D&O rates being held captive? By www.insuranceage.co.uk Published On :: Thu, 02 Apr 2020 09:43:50 +0100 With rates down and claims up, brokers are facing a new reality in the directors & officers market. Martin Friel reports Full Article
business and finance ReSolution Underwriting buys Trilogy MGA By www.insuranceage.co.uk Published On :: Thu, 02 Apr 2020 10:20:50 +0100 MD Chris Blackwell will continue to lead Trilogy as the MGA states it does not expect any changes to the business following the deal. Full Article
business and finance Meet the MGA: Bewica By www.insuranceage.co.uk Published On :: Fri, 03 Apr 2020 12:29:44 +0100 Education, prevention and insurance: Eva Berg-Winters, founder and CEO at Bewica, shares her company’s approach to cyber with Insurance Age Full Article
business and finance Phil Barton and Stuart Reid launch broker By www.insuranceage.co.uk Published On :: Mon, 06 Apr 2020 10:12:57 +0100 The venture, which is a combination of five existing brokers - MRIB and Independents, La Playa, CGI and Versatile - is led by former Jelf boss Barton, with Chris Jelf as commercial director. Full Article
business and finance Brokers under strain as they support hospitality clients By www.insuranceage.co.uk Published On :: Mon, 06 Apr 2020 11:30:26 +0100 Covid-19: Brokers battle colossal workloads as they look to help customers change policies and maintain cover. Full Article
business and finance Covid-19: UK claims will pass £1bn, says Huw Evans By www.insuranceage.co.uk Published On :: Mon, 06 Apr 2020 11:40:30 +0100 Evans quoted the figure in a letter defending the response of insurers to the pandemic. Full Article
business and finance Commercial director Euros Jones leaves LV By www.insuranceage.co.uk Published On :: Mon, 06 Apr 2020 11:42:06 +0100 Move comes after LV completes the transfer of its commercial lines business to Allianz. Full Article
business and finance Partners& shoots into Top 100 with £65m GWP By www.insuranceage.co.uk Published On :: Mon, 06 Apr 2020 16:48:31 +0100 Phil Barton, alongside Stuart Reid and Chris Jelf, has formed the broker from MRIB and Independents, La Playa, CGI and Versatile, with initial £25m investment from Capital Z. Full Article
business and finance Blog: When is a consolidator, not a consolidator? The question Barton, Jelf and Reid’s Partners& hopes to answer By www.insuranceage.co.uk Published On :: Wed, 08 Apr 2020 10:33:22 +0100 This week saw the launch of new broking business Partners&, bringing together a quintet of players to form a business which is positioning itself as distinctly anti-consolidator. Insurance Age content director Jonathan Swift looks at what this means; and the challenges it faces to maintain its self-proclaimed USPs as it grows. Full Article
business and finance Ethos Broking buys Compass member By www.insuranceage.co.uk Published On :: Tue, 14 Apr 2020 09:42:26 +0100 The organisation purchased Hughes & King for an undisclosed sum adding £4m in GWP to its business as it presses on with pipeline amid Covid-19. Full Article
business and finance Covid-19: Broker M&A numbers predicted to drop By www.insuranceage.co.uk Published On :: Tue, 14 Apr 2020 12:20:28 +0100 But the consolidators say their models have not changed as a result of the coronavirus. Full Article
business and finance Insurance Covid-Cast - episode two: What are insurtechs doing to rebalance the bad publicity around insurance and Covid-19? By www.insuranceage.co.uk Published On :: Wed, 15 Apr 2020 10:13:16 +0100 In the second of a new series of video casts brought to you by Insurance Age and Insurance Post while our journalists are in isolation lockdown we discuss how insurtechs are seeking to create positive customer stories to redress the negative media coverage. Full Article
business and finance Government calls on Amanda Blanc to lead flood inquiry By www.insuranceage.co.uk Published On :: Wed, 15 Apr 2020 11:13:33 +0100 Blanc will head up a review following the Doncaster 2019 flooding to learn why victims did not have the right cover. Full Article
business and finance Blog: What next for commercial motor? By www.insuranceage.co.uk Published On :: Wed, 15 Apr 2020 11:35:59 +0100 Steve Green of Anthony Jones Insurance Brokers considers the future for the sector as the Covid-19 pandemic bites. Full Article
business and finance Covid-19: FCA calls on insurers to pay valid claims quickly By www.insuranceage.co.uk Published On :: Wed, 15 Apr 2020 12:19:26 +0100 Regulator tells firms who refuse to pay out to explain why and how they believe it represents a fair outcome for customers. Full Article
business and finance Covid-19: Hiscox hits back amid BI dispute By www.insuranceage.co.uk Published On :: Wed, 15 Apr 2020 16:10:00 +0100 The insurer is facing a potential class action after declining a series of business interruption payments but says it could pay up to $175m and is “proactively paying claims”. Full Article
business and finance Covéa reveals £22.3m underwriting loss in 2019 By www.insuranceage.co.uk Published On :: Thu, 16 Apr 2020 17:37:11 +0100 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. Full Article
business and finance Covid-19: Insurers clarify stance on Coronavirus cover By www.insuranceage.co.uk Published On :: Thu, 16 Apr 2020 17:37:31 +0100 Updated: A number of providers have introduced exclusions for Covid-19. Full Article
business and finance Covid-19: Celebrity chef joins firms attacking Hiscox over BI cover By www.insuranceage.co.uk Published On :: Mon, 20 Apr 2020 13:12:42 +0100 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. Full Article
business and finance Lloyd’s pulls together BI data for PRA – reports By www.insuranceage.co.uk Published On :: Tue, 21 Apr 2020 12:19:49 +0100 The marketplace has been asked to collate insurer BI cover information for the regulator. Full Article
business and finance Covid-19: Legal firm calls for joint govt and industry BI recovery plan By www.insuranceage.co.uk Published On :: Tue, 21 Apr 2020 15:09:08 +0100 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. Full Article
business and finance Covid-19: MP calls for insurers to make full pay outs due to pandemic By www.insuranceage.co.uk Published On :: Wed, 22 Apr 2020 09:46:58 +0100 Jonathan Edwards has signed an early day motion calling on the government to instruct all insurers to use dividends to pay Covid-19 claims. Full Article
business and finance Hiscox expects $175m Covid-19 payout By www.insuranceage.co.uk Published On :: Wed, 22 Apr 2020 10:24:33 +0100 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. Full Article
business and finance Fresh attack on Hiscox BI stance from night life industry By www.insuranceage.co.uk Published On :: Wed, 22 Apr 2020 14:20:49 +0100 The Night Time Industries Association has been advised members have a “good case” against Hiscox as barrister warns “insurers will never be forgiven” for response to Covid-19. Full Article
business and finance Insurance Covid-Cast - episode four: How insurance companies are rising up to help communities and keep society open during the Coronavirus crisis By www.insuranceage.co.uk Published On :: Thu, 23 Apr 2020 10:02:00 +0100 In the latest episode of Insurance Post and Insurance Age’s new series of video casts brought to you while our journalists are in isolation lockdown we discuss how insurance companies are seeking to make a difference within local communities during lockdown. Full Article
business and finance Covid-19: Litigation against brokers and insurers set to increase amid BI row By www.insuranceage.co.uk Published On :: Thu, 23 Apr 2020 13:14:16 +0100 The market has been criticised for its response to the coronavirus crisis, particularly with regard to business interruption as providers "look down the barrel' of class action. Full Article
business and finance Hiscox Action Group appoints big-hitting legal firm to represent members in BI row By www.insuranceage.co.uk Published On :: Thu, 23 Apr 2020 15:06:29 +0100 The group of companies criticising Hiscox for refusing to pay out BI claims as a result of the coronavirus says it is also in "advanced talks" with a litigation funder to underwrite its entire legal costs as dispute hots up. Full Article
business and finance Covid-19: RSA faces legal action in BI dispute By www.insuranceage.co.uk Published On :: Fri, 24 Apr 2020 10:44:28 +0100 RSA is latest provider in firing line as nursery sector hits out and, separately, a new action group, Insurance Justice, has been set up to defend BI claims for businesses. Full Article
business and finance Insurance Covid-Cast - episode five: Could the FOS be key to help bring clarity and nix growing number of SME BI complaints By www.insuranceage.co.uk Published On :: Fri, 24 Apr 2020 10:45:41 +0100 In the latest episode of Insurance Post and Insurance Age’s new series of video casts brought to you while our journalists are in isolation lockdown we discuss the ongoing confusion around business interruption cover, and what is needed to bring some clarity to the situation Full Article
business and finance Covid-19: Treasury Committee tells insurers to be clear and fair By www.insuranceage.co.uk Published On :: Mon, 27 Apr 2020 12:21:49 +0100 Mel Stride MP states firms are continuously facing difficulties in making successful coronavirus-related claims as the ABI says insurers are expected to pay out a total of £1.2bn. Full Article
business and finance Covid-19: Hiscox Action Group gets funding for BI litigation By www.insuranceage.co.uk Published On :: Tue, 28 Apr 2020 16:07:24 +0100 Harbour Litigation Funding will pay Mishcon de Reya to review the claims business owners have against Hiscox. Full Article
business and finance Insurance Covid-Cast - episode six: From panic to practicalities, what will BI insurance look like when the Covid-19 recriminations settle down By www.insuranceage.co.uk Published On :: Thu, 30 Apr 2020 10:32:13 +0100 In the latest episode of Insurance Post and Insurance Age’s new series of video casts brought to you while our journalists are in isolation lockdown we discuss how the insurance industry let the narrative over business interruption become national headlines for the wrong reasons. Full Article
business and finance Covid-19: Broker calls on Chancellor to release Pool Re funds for BI claims By www.insuranceage.co.uk Published On :: Thu, 30 Apr 2020 12:53:46 +0100 NDML is asking for some of Pool Re’s £6.6bn cash to be used to help businesses in the leisure and hospitality sector which have been hit by coronavirus. Full Article
business and finance Insurance Covid-Cast episode seven: Empathetic, sympathetic and offering strategic guidance – how brokers are managing clients in lockdown By www.insuranceage.co.uk Published On :: Fri, 01 May 2020 10:59:20 +0100 In the latest episode of Insurance Post and Insurance Age’s new series of video casts brought to you while our journalists are in isolation lockdown we discuss how brokers maintain their ‘trusted adviser’ status during these difficult time. Full Article
business and finance Covid-19: FCA bares teeth as BI dispute hots up By www.insuranceage.co.uk Published On :: Fri, 01 May 2020 11:02:55 +0100 Regulator seeks court action to resolve uncertainty on business interruption cover and bring clarity on specific policy clauses. Full Article
business and finance Covid-19: Hiscox BI pressure groups join forces By www.insuranceage.co.uk Published On :: Mon, 04 May 2020 10:39:18 +0100 Hiscox Action Group and the Night Time Industries Association, representing more than 500 businesses, have agreed to work together to challenge Hiscox’s business interruption stance. Full Article
business and finance Leisure Insure closes permanently By www.insuranceage.co.uk Published On :: Mon, 04 May 2020 12:08:20 +0100 Updated: UK capacity was pulled last month as directors say they were not prepared to go offshore or use "obscure foreign markets". Full Article
business and finance Covid-19: Hiscox Action Group says brokers acted in “good faith” By www.insuranceage.co.uk Published On :: Tue, 05 May 2020 10:49:48 +0100 The Group is going after insurer Hiscox over its refusal to pay BI claims the group members believe to have been triggered by coronavirus pandemic. Full Article
business and finance Covid-19: Allianz latest insurer in legal BI firing line By www.insuranceage.co.uk Published On :: Wed, 06 May 2020 09:50:23 +0100 Edwin Coe is representing a group of businesses with the insurer’s Resilience policy wording. Full Article