Insurer Ageas Uses AI to Create End-to-End Car Damage Assessments in UK March 26, 2020 Ageas is using artificial intelligence (AI) to create end-to-end assessments and estimates of vehicle damage, which it says is a...
Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact March 24, 2020 Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable....
UK Travel Insurers Expect to Pay Record Coronavirus Claims of US$319M March 24, 2020 UK travel insurers expect to pay record claims of at least £275 million (US$319 million) due to the coronavirus pandemic,...
White Mountains’ NSM Insurance to Buy UK’s Kingsbridge Group March 23, 2020 NSM Insurance Group (NSM), a Pennsylvania-headquartered managing general underwriting agency and program administrator for specialty insurance programs, has entered into...
European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI March 20, 2020 Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result...
UK Regulator Warns Insurers to Have ‘Robust’ Coronavirus Contingency Plans March 19, 2020 By L.S. Howard The UK Financial Conduct Authority (FCA) reminded insurers on Thursday to have “robust” operational resilience and business continuity plans in...
Nexus’ Broking Division Xenia Buys Howden’s UK Trade Credit Business March 9, 2020 Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has entered into an agreement...
UK Insurers Could See Underwriting Losses After Storms Ciara, Dennis: Fitch February 21, 2020 Losses from storms Ciara and Dennis, which brought strong winds, torrential rain and widespread flooding to the UK, will increase...
Most UK Insurers, Banks Unprepared for Risks of Climate Change January 31, 2020 By Alastair Marsh The Bank of England faces an uphill climb to get the finance industry ready for one of its biggest threats:...
UK Markets Watchdog Cracks Down on Conduct of Financial Advisers January 22, 2020 By Huw Jones Britain’s markets watchdog told financial advisers on Tuesday they face a two-year crackdown to stop unsuitable advice, investment scams and...