News/Commercial
Arag CEO urges MPs to signpost legal expenses cover
Arag has called on MPs to direct people involved in legal disputes towards legal expenses insurance and advice services, arguing greater awareness of support could lighten the justice system's load.
Axa aims to double schemes business
Sarah Mallaby, chief distribution officer and mid-market trading director at Axa Commercial, has revealed the provider is looking to double its schemes business as the firm looks to become a “£2bn business”.
Tokio Marine could deploy $10bn in M&A over next 18 months
Brad Irick, managing executive officer and co-head of international business at Tokio Marine Holdings, has said the business can deploy $10bn (£7.4bn) in M&A transactions over the next 18 months.
Allianz’s Ktenidis looks to ‘dial up’ digital offering
Allianz Commercial’s new chief distribution officer Alex Ktenidis has told Insurance Post that he is looking to “dial up” the digital offering of the insurer.
Insurers must take ‘vital’ action after climate change report
Insurers have said the industry must take “vital actions” as a government report says the UK should adopt maximum temperature rules among other changes.
Intact looking at re-entering cyber market in 2027
Intact Insurance is ‘having a look’ at its cyber insurance strategy, and is considering returning to the market in 2027, Insurance Post can reveal.
Hiscox sees ‘plenty of headroom’ for growth
Hiscox sees “plenty of headroom” for growth across specialist sectors as it pushes to achieve 8% retail growth in 2026, according to chief distribution officer Gareth Hemming.
Markel restructures UK business ‘to facilitate growth’
Markel UK has named divisional director of broker, Jo Sykes, as divisional director for commercial lines as part of a restructure of its services division, Insurance Post can reveal.
'Categorically’ no plans for AI job cuts at Aviva
Aviva currently does not expect to reduce headcount in its commercial business as it scales its artificial intelligence operations, according to director of innovation Jason Chambers.
Allianz shifts commercial replatforming timeline
The previously announced commercial replatforming of Allianz Commercial’s product suite has had its timeframe readjusted, according to UK markets director Graham Stait.
Fenchurch Law warns of rise in data centre cover disputes
With claims falling under both property and cyber policies, policyholders risk being left without the right cover due to exclusion clauses, according to Fenchurch Law.
Hiscox’s share price surges following Intact interest
Hiscox’s share price surged on Friday (15 May) following Insurance Post’s report that Intact was considering a potential acquisition.
Gallagher warns cyber-related litigation likely to increase
Cyber-attacks cost large businesses in the UK an estimated £11.7bn in 2025, according to research from Gallagher and the Centre for Economics and Business Research.
Intact’s Norgrove highlights ‘values’ when rebranding
Intact Insurance UK and international CEO Ken Norgrove has shared his insights with brokers on four key rebranding elements with ‘values, values, values’ top of the list in his experience having taken the provider on the journey.
Intact exploring Hiscox acquisition
Multiple sources have told Insurance Post that Intact is exploring a potential bid for Hiscox as it tries to build out its commercial lines business.
Five key takeaways from the Global Risk Summit
Navigating the new geopolitical order, AI, changing climate risk, and increasingly sophisticated cyber-attacks were on the agenda at the inaugural Global Risk Summit in London.
Biba unveils cyber broker directory and ad campaign
The British Insurance Brokers’ Association has launched a national advertising campaign focused on cyber insurance alongside a specialist broker directory aimed at helping SMEs improve their resilience.
Reeves stand-in Rigby calls for insurance innovation in insecure world
Speaking at the Global Risk Summit, Lucy Rigby, economic secretary to HM Treasury, said the government needs to act with urgency to ensure it is supporting financial services and the economy.
Best Insurance Employer Award shortlist revealed
Insurance Post can reveal the 11 companies in the running to be crowned the industry’s best employers at the British Insurance Awards on 8 July.
Moody’s predicts slow and uneven AI impact for insurers
Artificial intelligence’s impact on the insurance sector will unfold gradually and be “credit-neutral to positive” for the industry, Brandan Holmes, vice president and senior credit officer at Moody's Ratings, has predicted.
FM targets broader scope of clients with new product
FM Insurance Company has launched its FM Essential product in the UK, targeting manufacturers looking to increase their risk resilience.