Insurance & Reinsurance

Mutual Insurance CEO Paid Wife £52K for Admin Work, FCA Takes Action

Latest news direct from the FCA; The Financial Conduct Authority (‘FCA’) and the Prudential Regulation Authority (‘PRA’) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of a small mutual insurer, £78,318 […]

News

Marsh Report Shows 8% Rise in Commercial Insurance Premiums

Marsh today released its Global Insurance Market Index for the third quarter of 2019. Key findings include: Average commercial insurance pricing increased 8% in the third quarter of 2019, the largest increase since the survey began in 2012, […]

Insurance Brokers

Automated World? Not Yet, as L&G Says Advisers Still Valued By SMEs

Advisers are championing business protection with the UK’s SMEs, according to the latest iteration of Legal & General’s ‘State of the Nation’ research. Nearly three-quarters (73%) of SMEs which took out a business protection policy did […]

Insurance Brokers

Broker Market: Beazley Adds New Product Lines for Companies

Beazley has added two new product lines to broker e-trading platform myBeazley to meet the needs of UK domiciled private businesses with a turnover of up to £350m. UK brokers can now access Beazley’s comprehensive […]

Legal

Company Directors: Could You Be Sued for Poor Brexit Preparations?

New research among insurance professionals reveals that more than a third (37%) believe there is a high risk of company directors being sued by investors and other stakeholders for not preparing for a bad Brexit properly. […]

Insurance claims

Allianz Research Highlights the Costs of Fires & Explosions to Insurers

Cyber risks and the impact of new technologies will have an increasing influence on the corporate loss landscape in years to come. However, it is fire and explosion incidents that cause the largest claims for […]

Insurance claims

Mactavish Say 45% of Complex Commercial Claims May Not Be Accepted

Mactavish, the UK’s leading expert on insurance governance, warns that the Boards of many UK corporates do not have an adequate understanding of the limitations and conditions of their insurance policies, and face a significant […]