All articles by Matt Scott – Page 4
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NewsWillis Re appoints new specialty casualty co-head
James Moss joins with more than 30 years of industry experience
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IT InterviewGreat businesses have greater value – Mistry defends broker consolidation
Brokerbility’s executive chairman Ashwin Mistry says that good businesses will always invest for the future, and that they should be rewarded for that in the valuation of their business when it is put up for sale
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News AnalysisBriefing: The sorry (but unsurprising) tale of Gefion’s collapse
Solvency and liquidity issues have dogged the unrated Danish insurer for years, but brokers will be hoping that early regulatory intervention will have saved them a lot of pain as the insurer’s collapse continues to unfold
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NewsAviva pulls Facebook ads amidst ongoing hate speech row
The Stop Hate for Profit campaign claims that Facebook is not doing enough to remove hateful content on its platform and is urging businesses to suspend advertising over the course of July
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News AnalysisBriefing: Could brokers be next in-line for the Covid-19 BI scandal?
The FCA test case on the validity of business interruption claims in the wake of the coronavirus outbreak will start next month. While insurers have been the ones under the spotlight so far, brokers could be next if insurer’s get a favourable outcome
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NewsCovid-19 hits Saga’s travel insurance sales but motor and home retention improves
The business has also sold 533,000 three-year fixed-price policies, with more than 60% of direct new business customers choosing this product
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News AnalysisWin or lose, the FCA test case on BI claims will not be good for insurers
When the FCA announced it was taking a test case to the High Court to provide clarity on the confusion around business interruption claims in the wake of the Covid-19 pandemic, insurers were worried
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News AnalysisAnalysed: The Lloyd’s market’s best and worst underwriters
With three successive years in the red and a fourth year of underwriting losses seemingly on the way, the Lloyd’s market has faced some testing times of late.
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NewsRevealed: Beazley top Lloyd’s underwriter as Hiscox slides
Beazley has risen to be the most profitable Lloyd’s underwriter for 2019 after finishing second the previous year.
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NewsPhil Barton: UK broking is just like the Premier League, but that’s not a good thing
The chief executive said that the increasing EBITDA multiples being paid for brokers has damaged best practice while only lining the pockets of private equity firms and a select few lawyers and entrepreneurs
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NewsBriefing: Will insurers be able to repair their tarnished reputations?
In the eyes of many policyholders the Covid-19 crisis has been yet another stain on the insurance industry’s already tarnished reputation. Deserved or not, insurers have much to do regain their trust By data insights editor Matt Scott
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NewsGovernment unveils £10bn trade credit insurance backstop
Government to provide guarantees of up to £10bn to trade credit insurance for business-to-business transactions
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NewsFOS complaints down 23% but Covid-19 issues still to filter through
The Financial Ombudsman Service received more than 32,000 complaints over the course of 2019/20
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News AnalysisSchemes Index reveals most profitable business lines for brokers
SME package schemes may have delivered the most commission for brokers, but will the Covid-19 pandemic change the broking landscape?
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News AnalysisWho is the highest paid insurance CEO? Find out here
Five of the leading bosses in UKGI took home more than £11m in total remuneration for 2019
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NewsInsurethebox communications technology has prevented more than 1,000 accidents
Insurethebox has estimated that its Speed Reduction Programme has helped prevent 1,060 accidents, avoiding 34 serious injuries over the past four years
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NewsCapsicum Re launches ransomware modelling solution
Flexible model enables both portfolio aggregation and attritional loss perspective through consideration of specific ransomware strains
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NewsLloyd’s gets green light for next stage of Brexit transfer plan
Lloyd’s of London has confirmed its Part VII strategy for telling customers that it is transferring the Lloyd’s market’s existing European business that will be affected by the loss of passporting rights from Lloyd’s members to Lloyd’s Insurance Company S.A. has been approved by the High Court.
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NewsUniversally paying BI claims not covered under policy terms would put insurer solvency at risk, says ABI
Replying to an open letter from Stephen Gould, chairman of the One Voice Group representing a coalition representing the beer and pub industry, Evans said the cost of such claims would run into the billions of pounds, and was something the insurance industry had not reserved for.
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NewsZurich reveals $750m of estimated coronavirus claims
But insists these remain within the insurer’s risk tolerance
