Latest News – Page 407
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NewsHastings to pay reduced dividend amid 'no Covid-19 exposure'
The group has no business lines with direct claims cost exposure resulting from the pandemic
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NewsFCA warns insurance bosses to pay SME business interruption claims
If a claim cannot be paid in full, the regulator recommends that insurers make an interim payment
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NewsAmanda Blanc to lead independent government review of flood insurance
The review wishes to explore why individuals did not have sufficient insurance coverage during the November 2019 flooding
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NewsWimbledon set for coronavirus windfall in huge pay-out from pandemic insurance
It has learnt from the SARS outbreak, taking out pandemic insurance since 2003
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NewsAviva to provide free breakdown cover and courtesy cars for customers working for the NHS
The package of measures further aims to support customers who are experiencing financial difficulties as a result of the coronavirus pandemic
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Online onlyQBE to raise $825m new equity capital in wake of coronavirus pandemic
The insurer said in an announcement to the Australian Stock Exchange that the extra capital would come in the form of a new equity placement and a share purchase plan
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NewsEthos Broking’s Finch Group buys Portsmouth-based independent broker
This marks the organisation’s 11th acquisition since they joined the broker group
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NewsHiscox faces legal action over rejecting coronavirus BI claims
Customers have written to the business secretary, Alok Sharma with their concerns
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NewsAviva chairman Adrian Montague to lead City coronavirus task force
More than 40 City leaders have been contacted for pro-bono assistance
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NewsInsurtech MGA Loadsure secures £1.1m in funding setting sights on spot freight market
Stephen Catlin is the insurtech board’s advisor, it is also one of twelve to be selected in Lloyd’s Lab’s fourth cohort
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Online onlyEsure back in profit but underwriting struggles continue
A 5.5 percentage point improvement in the insurer’s overall combined operating ratio was not enough to report a positive underwriting result
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NewsInsurers continue baby steps in reducing gender pay gap
Despite the Government Equalities Office suspending enforcement of the gender pay gap deadlines for this reporting year, a number of insurers have still published their figures
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FeaturesUS businesses seek to use damage trigger for business interruption claim pay outs
With Lloyd’s underwriters heavily invested in the US domestic property market, could upcoming lawsuits impact the UK business interruption sector?
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NewsInsurers and banks ‘acutely impacted’ by Covid-19, says operational risk association
However, the membership organisation believes the biggest potential cost on businesses is reputational
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NewsSabre shrinks book as it continues to push through rate increases
Insurer’s combined operating ratio climbs 2.8 percentage points, but remains a highly profitable 73.4% as it expects pricing pressures to ease
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NewsAnt Middle set to replace Andy Watson as Ageas UK chief exec
Middle will commence in the new role from 1 June, subject to regulatory approval
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Online onlyBroker rolls out coronavirus-adapted employee benefits package for staff
The new package has been adapted to the Covid-19 pandemic with video sessions and webinars on offer
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NewsLloyd’s Lab reveals fourth cohort of insurtechs
The global (re)insurance market accelerator has unveiled twelve new insurtech disruptors to join its programme
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News AnalysisMorrisons wins landmark liability ruling for employee data breach
A clear case for covering exposures as good risk management has been highlighted
