Brexit
Trade credit claims mount as UK tops global insolvency forecasts
Trade credit insurer Atradius has forecast that global insolvencies are set to rise for the first time in 10 years, with the UK facing the highest increase of all advanced markets.
French insurer to set up UK branch as Brexit fail-safe
French insurance company La Parisienne Assurances will establish a third-country branch in the UK, in order to continuing operating in the country after Brexit.
Pukka halts UK branch Brexit plan
Exclusive: Pukka has shuttered a dormant UK branch that would have acted as a contingency if the UK and Gibraltar lost passporting arrangements.
Special Report: Motor Insurance Research 2019
What’s fueling motor insurance today? Michele Bacchus talks to the industry and gives the low-down on what’s heading down the highway towards insurers in both the fast and slow lanes
This week: All change... please!
The more things change, the more they stay the same. So runs a French expression that feels apt in a week that saw Brexit delayed, leaving us all wondering whether we will be able to talk about anything else ever again.
Brexit could fuel motor price uptick after year of falling premiums
Despite motor insurance premiums falling 6.7% in the past year, data analytics company, Consumer Intelligence, has warned that concerns over Brexit could be causing premiums to creep upwards.
Liberty redomiciles its European insurance company to Luxembourg
Liberty Mutual Europe has completed its re-domicile from the UK to Luxembourg.
Delayed riot claims guide finally gets government green light
The Chartered Insurance Institute’s New Generation Claims Group has issued guidance for the compensation of claims in the event of riots.
Underinsurance among the risks for increasing number of stockpiling businesses
More than one in five employees say their employers are stockpiling as a contingency against Brexit-related disruption, with these businesses at risk of being underinsured unless they ensure their cover is brought into line with the value of their…
This week: The end of the hard sell
When the regulator fined Carphone Warehouse £29m this week, the real target was the use of high pressure sales techniques in insurance.
Amanda Blanc reveals Brexit fears over upcoming Solvency II review
Amanda Blanc said insurers should not accept a Brexit outcome that prevents the UK industry from having influence over a critical European Union Solvency II review.
Analysis: How might a no-deal Brexit affect claims inflation?
With the outcome of Brexit still unclear and a possible European Union exit on 29 March looming, some insurer bosses have cautioned that we could see rising claims inflation this year.
QBE's Cecile Fresneau on being prepared for the worst
Businesses are operating in unpredictable times and Cecile Fresneau, executive director for UK Insurance at QBE, believes preparing for the what if’s and the absolute worst-case scenario will keep insurance relevant.
Bosses could be sued for lack of Brexit preparation
Company directors could face legal action if they fail to prepare adequately for a no-deal Brexit, with limitations to directors and officers cover meaning they could find themselves personally liable.
Aviva prepares for further claims inflation in 2019
Aviva’s UK business is anticipating pricing increases in 2019 as a result of non-weather claims inflation.
Lloyd's Brussels secures post-Brexit licence for Monaco
Lloyd’s Brussels has gained authorisation to continue writing insurance and reinsurance risks in Monaco following the UK’s planned exit from the European Union on 29 March.
Insurers count cost of EHIC no-deal Brexit loss
The loss of European Health Insurance Cards in the event of a no deal Brexit could increase insurer costs and put UK travellers off European mini-breaks.
Interview: Janet Connor, The AA
A lot has changed at the AA in the five years since Janet Connor, now director of insurance, joined the organisation. She explains to Jonathan Swift how an investment in data and technology – alongside the relaunch of its insurance company and board…
MIB to set up green card booths at ports
Motorists who have failed to obtain a green card prior to driving in Europe will be able to collect one from a port.
Direct Line profit drops despite Ogden rate releases
Direct Line saw operating profit drop, despite reserve releases ahead of an anticipated Ogden rate revision.
Analysis: SMEs: Emerging risks - Protecting the little guys
A changing risk landscape is creating new challenges for SMEs and those tasked with providing the sector with insurance. But SMEs need to evolve as newer risks such as cyber attacks and data protection – along with the raft of uncertainties around Brexit…
This week in Post: Storm, Brexit and diversity
This week, the sunshine we were blessed with last week was replaced by a more winter-appropriate grey sky and rain.
Insurers warned not to use Brexit to ‘offload customers’
The regulator has issued a warning to insurance companies not to use Brexit as “an excuse to offload customers”.
Hastings profit sees steady growth
Hastings saw profit after tax of £130.6m in 2018, an increase of 3% from £126.7m in 2017.