Ever wondered what Santa is insured for? December 2023’s backchat includes dancing directors, more insurance related published books and an early Christmas present you heard it here first…
Dancing Donna
Dancing Donna made a return this year to Insurance Times flagship event, the IT Awards last week on 6 December 2023 with another dance off.
Donna Scully, director at Carpenters Group, took to the stage with a river dance to take on host for the evening, comedian Alex Horne alongside his band The Horne Section.
Scully raised £600 in total.
She runs a Sunday Breakfast Club jointly with charity Fans Supporting Foodbanks, a joint initiative between Liverpool FC and Everton FC in Birkenhead, Wirral and has done so for six years, as “there is nothing in Birkenhead over the weekend for people struggling”.
Santa covered by Lloyd’s for ’claus-tastrophes’
Yule be happy to know that Santa Claus is most certainly insured by Lloyd’s of London for any catastrophes or claus-tastrophes that may arise over the festive delivery period.
Charity Insurance Museum this month revealed that in 2010 a policy had been underwritten for St Nick to cover him for accident and illness in the run up to Christmas day.
The policy included an indemnity clause, which protected Santa if anyone tried to sue him for not receiving their presents as “parcel piracy” was also rife back then.
Lloyd’s also set up a 24-hour hotline for Santa just in case of an emergency and he has to evacuate from anywhere.
Transformative technologies spurs law textbook
December 2023 saw Moonrock Drone Insurance managing director and founder Simon Ritterband contribute to an insurance law textbook.
The book, entitled The Global Insurance Market and Change, has also been accepted into the Lloyd’s of London Insurance Library series, which Ritterband said was “a real feather in the cap”.
The book provides a comprehensive overview of the global insurance landscape, which is being “turned on its head” by “transformative technologies” such as drones and autonomous vehicles. Could this make the perfect Christmas present for book lovers or technology heads?
Good tidings we bring
Christmas came early for Aventum Group’s chief marketing officer Matt Field with the birth of his daughter, Bonnie on the 9 December 2023, who weighed just 6lb and 11 ounces.
In a LinkedIn post on 14 December, he said: ”I couldn’t have more admiration for April Faint [his partner and mother to Bonnie], she was just incredible and is already and awesome mummy.
“Big thanks to Aventum Group – eight weeks paternity leave is a huge benefit and allows dads the time to bond with their newborn. The employee benefits package is [also] fantastic and includes full private medical.”
For Field, ”Aventum is really supportive of families”. His partner also works for the same firm and is entitled to six weeks of paid maternity leave.
The Speculator
December 2023 also saw RSA exit the UK personal lines market with the completion of the sale of its this book which included home and pet insurance to insurer, Admiral.
The move followed a strategic review concluding and will see RSA exit home and pet insurance partner and broker contracts in the UK.
RSA said these contracts it has made an exit in, are said to be worth around £515m.
The insurer is now exploring options to either transfer these arrangements to other parties or let the contracts expire over time.
The sale is expected to close by the end of Q1 2024. But how will this play out? And where next for RSA?
Interested in all things insurance technology and insurtech.
Writer of the monthly TechTalk section of the magazine and backchat. When not writing can be found doing yoga, at some kind of dance workshop, singing, globetrotting, or baking – not in any specific order.View full Profile
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