Commercial Lines – Page 62
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NewsAviva teams up with insurtech for specialist cycling proposition
The insurtech’s chief executive says that he hopes to offer more products to Aviva’s customers in sports, leisure and business
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NewsZurich warns e-commerce boom could spark warehouse blaze uptick
Zurich’s claims data shows the average cost of large warehouse fires is £5.9m
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NewsCatch up on 2021’s Insurance2025 event
Read up on all the session content from 2021’s virtual Insurance2025 event, sponsored by Markel
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NewsMcLarens launches new independent surveying business
The initiative ‘marks a hugely positive step in McLarens’ evolution’
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NewsWolseley restaurant owner in battle over business interruption payout
The FCA test case ruled in favour of the majority of policyholders, however some businesses are still allegedly struggling to get payouts
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News AnalysisPost-Covid recession and hard market drives advice-led broker opportunities
Mitigating underinsurance using risk management should be a key strategy for commercial brokers, recommends expert panel
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NewsVans ‘as rare as hen’s teeth’ causing claims costs uptick for motor insurers
Credit hire boss waves ‘a red flag’ in a bid to mitigate escalating van insurance premiums
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NewsMGA Inperio launches broker PI product
The professional indemnity product will include cover for coronavirus-related losses
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NewsSupreme Court holds insurer liable for bar patron death
Judges find that exclusion within public liability policy does not apply to Aberdeen case
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News AnalysisD&O market is ‘absolutely brutal’ and ‘in a world of pain’ as a result of hard market
However, insurers are looking to grow and are selecting some ‘quite aggressive targets’, says expert panel
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NewsDigital demand could displace £8.3bn of UK premiums by 2025
Despite the global recession, the UK insurance industry could grow from £274bn in early 2020 to approximately £298bn by the end of 2025
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NewsGovernments must be ‘the leading players’ in insuring BI risk
Governments and insurers ‘must work together’ to close the protection gap, says insurance think tank
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IT Interview‘Choosy’ capacity post-Covid could hit MGA consolidation
However, having capacity to back up specialist schemes could provide ‘one more bite of the cherry’ says broker chair
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NewsMacbeth buys Buckinghamshire-based broker
The deal marks the firm’s second acquisition in 18 months
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NewsClose Brothers Premium Finance urges brokers to ‘change gear’
Brokers ’need to change gear and do their bit to bring about a full recovery in 2021’, says financial services organisation
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NewsGuy Carpenter appoints former Swiss Re director as MD and co-head of cyber
The newly created role demonstrates the broker’s ambition to strengthen its market position in this line of business
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NewsLack of insurance solution causes yet another music festival to cancel
The absence of a state-backed insurance scheme has left organisers in a ‘tricky position’
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NewsArdonagh and Beazley team up for new cross class follow capacity solution
Broker chief executive says the deal is an ‘endorsement’ of the firm’s ‘data-powered strategy’
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NewsBrokers need better access to underwriters to tackle market challenges
Broker chief exec says the industry has ‘seen the best and the worst in the market over the past 12 months’
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NewsInsurers have paid £600m in interim and final BI claims payments
Around 13,670 BI policyholders out of the 35,438 who have had claims accepted have received at least an interim payment
