All articles by Katie Scott – Page 76
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FeaturesHow is coronavirus impacting key business sectors?
Covid-19 is leaving an unstoppable imprint across global businesses – Insurance Times reviews the current lay of the land in the industry sectors most affected
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NewsCoronavirus impacts more devastating than 9/11 says independent expert
Coronavirus-related impacts on insurers’ investment businesses could see premiums skyrocket
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NewsAspen Insurance Holdings appoints new group chief financial officer
The new hire succeeds Scott Kirk, who is leaving the firm at the end of April
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NewsAspen Insurance Holdings exits underperforming UK regional P&C line
Group chief executive describes 2019’s financial results as ‘disappointing’
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NewsPub group not covered for loss of business due to Covid-19
The chain is advising its publicans to source additional insurance as losses are not covered under its group policy
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NewsPen Underwriting and Markel renew equestrian capacity deal
The MGA and insurer first partnered together in 2017
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NewsDirect Line and Aviva halt travel insurance sales
Coronavirus has seen an explosion in demand for travel policies
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FeaturesShining the spotlight on broker ‘secret commissions’
Defined as a ‘species of fraud’, brokers have to come clean about hidden commission transactions in order to avoid legal repercussions
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NewsLMA publishes policy wordings to protect renewals if Covid-19 makes Lloyd’s inaccessible
The association feels it is ‘prudent to ensure Lloyd’s customers are not left without coverage’
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FeaturesWhat does Aon’s purchase of Willis Towers Watson mean for brokers?
Industry voices fear that consolidation between two of the UK’s largest brokers will lead to a ‘stagnating’ market and ‘significant change’ of the sector as we know it
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NewsBudget 2020: Record flood investment, but no action on IPT
This includes £120m to repair damage caused by last month’s Ciara and Dennis
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NewsCoronavirus: RSA to assess business interruption claims on a case-by-case basis
The firm operates a ‘wider definition’ of specified diseases, so coronavirus impacts may be insured depending on policy wordings and policyholder circumstances
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NewsLV= says it is ‘operating at a different level’ as it gains star in 2019’s five-star rating report
The insurer gained an overall three-star rating this year to rank fifth in Insurance Times’s personal lines ratings table
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NewsAgeas combines salvage and green parts operations
The insurer’s year-long pilot saw the firm use 4,926 green car parts for repairs
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IT InterviewBroker consolidation not ‘a good thing for the future’, says Kennett boss
Brokers and startups will turn to reinvention in the long-term, but for now, consolidation is ‘here to stay’
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NewsPIB Group buys commercial broker to boost motor proposition
The acquisition aims to support the recent purchases of Cooper Solutions and Cooke and Mason
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NewsFraudster pleads guilty after CCTV thwarts fake personal injury claim
If successful, the Welsh claimant would have fraudulently received a £6,680 pay out
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NewsNIG latest insurer to cancel non-essential external visits due to coronavirus exposure risks
Aviva and AXA have already confirmed meeting cancellations as a ‘precautionary measure’
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NewsLloyd’s syndicate partners with cryptocurrency broker to protect online wallets
Insurers TMK and Markel have also backed the new liability policy
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FeaturesGreen parts market gains traction for accident repairs
The use of recycled car parts for repair may be in its infancy, but industry voices predict a boost in business to meet consumer demands
