The UK home insurance market will scrape a profit in 2020, largely due to the fall in claims following the outbreak of COVID-19.

Aviva has issued an apology following the public censure delivered by the FCA on the back of its investigation into the insurer’s announcement on preference shares in March 2018.

COVID-19 has accelerated the downward annual mileage trend recorded by UK drivers since 2002.

Cytora is abandoning the office for a remote-first strategy and giving employees and annual budget of £2,000 to support them in working from diverse locations.

QBE Insurance Group has announced that Richard Pryce will become interim group CEO while a permanent replacement for previous CEO Pat Regan is found.

Pioneer Underwriting Holdings Ltd has agreed terms with its Russell Coward, its head of risk and compliance and company secretary, to acquire the business for an undisclosed sum.