All News Analysis articles – Page 4
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News Analysis‘Earth shattering’ - The FCA’s big plans to shake up premium finance
The proposed new rules could dramatically alter the income earned by insurance brokers
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News Analysis
Ardonagh EBITDA up 30% as specialty business drives growth
Chief executive David Ross said the result was testament to the broker’s resilience in the face of Covid-19, aided by the group’s diversified portfolio
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News Analysis
Post-pandemic recession could spell more trouble for solicitors’ professional indemnity insurance
With renewals earmarked for 1 October and a possible economic recession ahead, solicitors’ professional indemnity is back in sharp focus, Insurance Times finds out why
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News Analysis
‘Pandemic Re needs to get up and running’ says Aston Lark boss Peter Blanc
The ‘cancellation culture’ caused by Covid-19 is hitting the economy hard, but the inability for event organisers to obtain to coronavirus cover is still stifling this sector – Blanc believes it’s time for the insurance industry to lean on the government for a solution
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News Analysis
A-Plan deal a ‘stepping stone’ to further growth says David Howden
The near £700m deal is expected to create a £1bn broking giant once it completes, and with reinsurance and London specialties joining forces with a large regional presence, the newly formed business will have a number of strengths to bring to market
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News Analysis
Briefing: Covid-19 set to drive up popularity of captives
The Covid-19 pandemic has accelerated an already emerging trend of corporates taking refuge in their own captives, and brokers will need to change the way they operate in response By insight editor Matt Scott
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News Analysis
FCA pricing report benefits customers – but is there more to it?
At face value the FCA pricing practices report benefits the customer, and while the insurance industry largely backs the proposals, there have been a number of concerns raised over its implementation
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News Analysis
MCI completes management buy-out from underwriting platform Castel
Following the deal, MCI will be led by chief executive Philip Trafford
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News Analysis
Briefing: Lloyd’s results revealed a big Covid-19 hit, but under the surface things may be looking healthier for the market
The Covid-19 pandemic forced Lloyd’s half-year COR up to a highly unprofitable 110.4%, but underneath, a disciplined approach to underwriting could be setting them up for a return to profit in 2021 By insight editor Matt Scott
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News Analysis
Universities and colleges face increased cyber threat
The National Cyber Security Centre issued an alert to the sector after a spike in the number of ransomware attacks
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News Analysis
Fraudulent claims could arise from Leighton Buzzard earthquake
Although some residents reported their houses were shaking as a result of last Tuesday’s quake, insurance professionals are taking a more sceptical view of property claims due to ‘very minor’ tremors
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News Analysis
Policyholders need to home in on balance sheets to take advantage of test case verdict
Although claims preparations can now go ‘full steam ahead’ following the publication of the High Court’s ruling, projected profits and losses must be considered for quantum purposes
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News Analysis
FCA called out as ‘shining example of regulatory intervention’ for test case action
Despite being celebrated as a policyholder victory, many legal professionals feel this reaction to the test case verdict could be ‘premature’ as the likelihood of an appeal from insurers still looms large
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News Analysis
BI test case decision is ‘conclusive judgment in favour of policyholders’
Industry expert says the verdict is ‘no surprise’, however the industry is ‘nowhere near the finishing line’ as insurers now need to reassess their business interruption policy wordings
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News Analysis
Test case judgment could be ‘the difference between life and death’ for Covid closed businesses
Brokers rejoice as High Court ruling provides clarity for customers’ business interruption claims caused by Covid-19 pandemic
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News Analysis
High Court rules in favour of FCA for majority of Covid-related BI wording interpretations
As the High Court ruling was revealed this morning, Insurance Times finds out what some of the industry thinks about the verdict
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News Analysis
Insurance industry relays recommendations as pre-legislative draft Building Safety Bill scrutinised
As the draft Building Safety Bill (BSB) 2020 was scrutinised yesterday afternoon in Parliament, the insurance industry gave its recommendations and raised its concerns about the pre-legislation.
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News Analysis
Business interruption test case judgement will not be the ‘final word’
Law firm partner says that there will be an ‘inevitable appeal’ following the delivery of the FCA’s test case verdict tomorrow and that early 2021 may be a more realistic timeline for the concluding decision
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News Analysis
Hospitality and leisure sector should expect ‘surge’ in EL claims
Law firm partner notes ‘that Covid negligence claims will make PPI claims look like a warm-up act’
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News Analysis
FCA test case result will be of ‘crucial significance’ says law firm partner
The verdict, which is to be announced tomorrow, will also ‘provide persuasive authority in a number of common law jurisdictions’
