Commercial Lines – Page 52
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NewsERS premiums and COR hit by Covid-19
Underwriter confident of disciplined underwriting strategy despite results dip
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NewsTrade credit insurers pull back from Russia and Ukraine
Some trade credit insurers will be adjusting their underwriting strategy
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NewsGovernment to impose sanctions preventing UK insurers and reinsurers covering Russian firms
The European Union has adopted a similar stance
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NewsOver a third of UK firms agree its difficult to obtain affordable flood cover – FloodFlash
Businesses in the East Midlands are the most worried about flooding
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NewsSimply Business partners with general insurer on third product launch
Strengthening offerings for the trade sector is ‘important’ while supply shortages continue to strike, says chief executive
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NewsHospitality group Corbin and King wins £4.4m in High Court BI case against Axa
Insurers need to have a ‘radical rethink’ as more business interruption battles are expected to come to the forefront in 2022, says law firm partner
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AnalysisInsurers brace for claims as Storm Eunice batters UK
UK insurers put surge plans in place ahead of Storm Eunice hitting last week, but commentators agree that improved infrastructure resilience is the long-term answer as extreme weather events are on the up
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NewsStorm Eunice rips London O2 Arena’s roof off
The landmark’s roof is regularly used by the general public for scaling and abseiling
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NewsAxa Commercial futureproofs motor fleet offering with EV edits
EV sales increased by 76% between 2020 and 2021, according to the insurer
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NewsCycle insurer Bikmo launches new bike shop insurance
The product aims to relieve the ‘uphill grind’ experienced by cycle retailers in finding ‘a comfortable insurance fit’, says commercial insurance manager
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NewsAxa UK and Ireland acquires renewal rights to Ageas UK’s commercial business
The deal aims to ‘further cement’ Axa’s commitment to the SME and schemes market segments, says chief executive
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NewsFloodFlash targets international expansion after $15m funding raise
The insurtech hopes to close the $58bn flood protection gap
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NewsRomero Group grows income by 14.3% in 2021 despite hard market
The broker has also helped to settle £13m in Covid-19 business interruption claims
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NewsKP Snacks supply chain crunches to halt after ransomware attack
Law firm partner warns that ’even the largest of organisations can fall victim to ransomware attacks and all businesses – large or small – must remain vigilant to this threat’
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NewsArag and MGA ink deal to cover construction industry risks
The MGA sees this as a ‘significant opportunity’ to differentiate its proposition
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NewsUK cyber rates soar amid market challenges
The climb in rates is driven by an uptick in ransomware claims as well as insurers tightening cover rules
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NewsEncouraging survey reveals cyber insurance uptake on the rise
Survival is a ‘top priority’ for SMEs post-pandemic
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NewsSuperscript launches digital emerging risks insurance advisory
The insurtech aims to ’reduce the burden of insurance for businesses’
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NewsInsurtech receives ‘in principle’ approval for Lloyd’s syndicate in a box
The move supports the insurtech’s ambition to build a safety net for those that cannot access insurance easily
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NewsInsurance sector must ‘look calmly’ at the lessons learned from BI test case – John Glen
Economic secretary to the Treasury believes ‘brokers will play a crucial role in rebuilding consumer trust and developing clearly worded policies going forward’
