The High Court of England and Wales has approved Lloyd’s Part VII Brexit strategy to transfer its existing European business to Lloyd’s Brussels to counter the loss of passporting rights from Lloyd’s members to Lloyd’s.

Insurtech Instanda has appointed insurance industry veteran Steven Haasz to spearhead its expansion plans following the raising of £15m in March this year. Haasz, who will be partnerships and European accounts director, and chief of staff at Instanda, was most recently global chief operating officer of Axa Corporate Solutions and previously held senior roles at both Equitas and Lloyd’s.

Managing general agent Victor Insurance UK has secured a five-year capacity deal with Ageas worth up to £60m in gross written premium.

The Association of British Insurers has again rejected claims it has failed SME customers over coronavirus-related business interruption coverage. The latest rebuttal is in its response to an open letter from James Ollerenshaw, founder of the Covid Claims Group.

Consumer and business trust in the insurance profession was improving ahead of the coronavirus pandemic according to the latest Chartered Insurance Institute Public Trust Index. The impact of disputes over coronavirus-related business interruption and travel claims will not however be clear until the next survey this summer.

Aviva has estimated it will pay out £160m net of reinsurance for coronavirus related claims based on analysis as of the 30th April. The claims forecast is based on estimated claims in business interruption insurance of £200m, other commercial lines and travel insurance and allows for favourable impacts in other product lines.