Articles by Harry Curtis
Gibraltar regulator denies accusations made against it by MCE
The Gibraltar Financial Services Commission has denied accusations made against it by MCE Insurance earlier this week in the wake of MCE’s Gibraltar-based insurer being put into administration.
MCE claims recovery proposals for Gibraltar insurer were declined by regulator
MCE Insurance has alleged that it tabled proposals to “immediately meet any shortfall” in the capital requirements of its Gibraltar-based insurer but these were declined by the Gibraltar Financial Services Commission ahead of the provider's collapse last…
'Data arms race' to drive platform-traded future for commercial and specialty: CFC's Walsh
Structured data that recognises the particular niche an insured is operating in will be a key determiner in an “arms race” changing the way commercial lines products are traded, CFC Underwriting executives have told Post.
Analysis: Covid-19's lasting impact on cover for other diseases
Brokers are concerned that the availability of cover for historically insurable diseases may not return to pre-pandemic levels, having been much reduced as a result of exclusions written into policies.
Lloyd v Google: Supreme Court judgment spares insurers ballooning class action liability exposure
A Supreme Court judgment handed down last week that found in favour of Google is expected to spare businesses operating in the UK and their insurers from being liable for potentially billions of pounds in claims.
SFO spent £9.5m on Quindell investigation
The Serious Fraud Office spent £9.5m on its six-year criminal investigation into historic accounting practices at outsourcer Quindell, Post can reveal.
Blanc-led group calls for action to address underrepresentation of women in climate finance
Women remain seriously underrepresented in decision-making roles in climate finance, according to a report from the Women in Finance Climate Action Group convened by Aviva group CEO Amanda Blanc.
Oil and gas cover undermining climate efforts, says Insure Our Future as it scores insurers' climate policies
The global insurance industry is undermining efforts to meet climate targets by continuing to insure and invest in oil and gas production, the Insure Our Future campaign has said.
'Silent climate' cover in policies a risk as litigation ramps up
Lawyers are working with clients to understand how insurance policies may or may not respond in the event of climate-related litigation, as more governments and companies find themselves subject to lawsuits.
SRA's changes to solicitors' PI terms and conditions rouse concerns from underwriters
Underwriters of solicitors’ professional indemnity insurance have raised concerns that a clause proposed by the Solicitors Regulation Authority fails to provide clarity on which cyber losses will be covered by policies.
Lockdown customer champion: Simon Mabb, NDML
Simon Mabb, managing director of NDML, tells Post about the broker's efforts to secure business interruption payouts for clients forced to close by coronavirus restrictions.
Protect Duty legislation impact to cascade through liability insurance value chain, warns Pool Re
Proposed legislation that will require the owners and operators of publicly accessible locations to mitigate the threat of terrorist attacks will have major implications for the entire liability insurance value chain, Pool Re chief underwriting officer…
Industry bodies make case for greater government funding for insurance innovation
Six insurance industry trade associations have written to the Treasury to support an application, submitted by Innovate UK, to channel greater funding into the services sector.
Analysis: Saga's ICO fine provides cautionary tale on third-party marketer pitfalls
Saga was fined £225,000 by the Information Commissioner’s Office in September after it was found that its marketing partners had sent millions of nuisance emails, highlighting the pitfalls companies face chasing leads.
Campaigners call on Axa to set precedent on oil and gas
Campaigners have called on Axa to withdraw support for the oil and gas industry, warning CEO Thomas Buberl that the credibility of the group’s climate leadership is on the line in an open letter.
Biba calls on FCA to cut out 'jargon' amid product governance confusion
The British Insurance Brokers’ Association has called for the Financial Conduct Authority to cut down on the amount of jargon in its rulebook, saying that the terminology used in new product governance rules risks confusing brokers.
FCA warns brokers 'failed to understand' product governance rules impact
Brokers have 'failed to understand the impact' of product governance rules that came into force on 1 October, the Financial Conduct Authority has said.
Post LIVE Claims: Sustainability lessons from motor must be brought to bear in home claims
Insurers have work to do to ensure that the sustainability of home insurance claims keeps pace with strides being made with motor claims, according to personal lines claims directors.
Tributes paid to Sir David Amess
Insurance industry figures have paid tributes to Sir David Amess MP, who was killed last week.
FCA chair Randell to step down next year
Financial Conduct Authority chair Charles Randell is to step down next spring after four years in the role.
Lloyd’s and London market D&I efforts light on inclusion, says FCA
The Financial Conduct Authority has urged Lloyd’s and London market insurers to do more foster more inclusive working environments in order to better serve customers.
Employee ownership front of mind in search for Aston Lark buyer, says Blanc
Being able to continue employee ownership was the top priority in the search for a buyer for Aston Lark, CEO Peter Blanc has told Post.
Howden acquires Aston Lark to create £6bn GWP UK business
Howden has agreed to buy Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, subject to regulatory approval.
London company market premiums hit record levels despite Brexit impact
Rising rates and an influx of business previously written at Lloyd’s mean the London company market’s premium income has never been higher, even as it continues to bleed European premium in the wake of Brexit.