UK Insurer Saga Refunds £44M to Customers on COVID-19 Travel Interruptions June 22, 2020 Saga has refunded 44 million pounds ($54.45 million) of advance payments to customers whose travel was interrupted by the coronavirus...
AXA XL Taps Clarke from WTW, Generali’s Warke for UK Broker Management Team June 17, 2020 AXA XL announced two additions to its UK broker management team: Michael Clarke has been appointed Regional Broker Distribution leader...
When UK Firms Transfer Pension Obligations to Insurers, They See Share Boost: Report June 17, 2020 Most London-listed companies that transferred pension obligations to insurance companies saw their share prices rise by up to 3% more...
UK Insurers Cite Swedish Example in Bid to Dodge Coronavirus Biz Income Payouts June 17, 2020 By Lucca de Paoli Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the...
Allianz Global Corporate & Specialty Launches ‘Cyber Protect’ Product for UK Market June 16, 2020 Allianz Global Corporate & Specialty (AGCS) announced the launch of a new Allianz Cyber Protect product in the UK. AGCS,...
Marsh JLT Specialty Expands Renewable Energy Team with Appointments in Canada, UK June 15, 2020 Insurance broker Marsh announced two senior appointments within Marsh JLT Specialty’s Renewable Energy team, as part of its continued expansion...
UK Insurer Admiral Weighs Sale of Price Comparison Platform June 15, 2020 By Dinesh Nair UK car and home insurer Admiral Group Plc is considering a potential sale of its price comparison platform Penguin Portals,...
Searchlight Capital Partners Completes Acquisition of UK Broker Global Risk Partners June 12, 2020 Global Risk Partners Ltd., the London-based independent insurance intermediary, announced that global private investment firm Searchlight Capital Partners has completed...
Insurtech Zego Partners with Telematics Firm ABAX to Lower Fleet Insurance Costs June 11, 2020 Insurtech Zego has partnered with global telematics firm ABAX in a move designed to drive down the cost of insurance...
UK Government Forms £10 Billion Reinsurance Backstop for Trade Credit Insurers June 4, 2020 By L.S. Howard The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic...