Articles by Scott McGee
FCA vows to keep pressure on premium finance APRs
The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.
Councillor demands clarification around Admiral job cuts
Swansea’s council leader has written to Admiral UK CEO Alistair Hargreaves demanding clarification around the firm’s 500 job cuts, as thousands of employees are still left in the lurch.
Aviva’s Blanc urges CII to ‘stay relevant’ amid AI boom
Aviva Group CEO Amanda Blanc has urged the Chartered Insurance Institute to lean into the “extraordinary opportunity” but stave off the real “threat of irrelevance” it faces as artificial intelligence continues to change the way the industry operates.
Wakam SA banned from renewals and new contracts
Wakam SA, the French and European arm of the insurtech has been banned from underwriting new contracts and renewing existing by the French Prudential Supervision and Resolution Authority.
Crabb leaves Covéa among raft of schemes exits
Nicki Crabb is leaving Covéa as head of etrade and schemes trading, adding to a list of at least five who have left the insurer’s schemes business over the past few months.
How ChatGPT far from killing PCWs may help them grow
After the launch of insurance apps on ChatGPT, Scott McGee analyses where it has the upper hand on price comparison sites, where it needs to catch up, and how the future of distribution will settle.
Brokers overwhelmingly favour MGAs with in-house claims teams
Research commissioned by Direct Commercial has found that brokers overwhelmingly favour MGAs with in-house claims teams.
Axa UK puts 60 jobs at risk following merger
Axa UK has put 60 jobs at risk of redundancy within its risk, conduct and governance teams.
Admiral to cut 500 jobs in the UK
Admiral has announced that around 5% of its workforce is to be cut, amounting to approximately 500 jobs.
Zego swings from £4m loss to £4.6m profit in 2025
Zego has swung from a net loss of £4m for 2024 to posting a profit of £4.6m for 2025.
CFC launches latest affirmative AI coverage
CFC has launched affirmative artificial intelligence coverage within its intellectual property policy.
Insurance AI adoption can’t come at cost of critical thinking
Brokers, insurers and customers need to retain their critical thinking skills in the age of artificial intelligence, according to panellists at Dive In’s Distribution is Changing: Will You Lead or Follow? session yesterday (22 September).
Phoebe Chibuzo Hugh to depart Monzo
Phoebe Chibuzo Hugh has revealed she is leaving Monzo after three years.
Do we have to teach people how to have a conversation?
Deputy Editor’s View: After a McKinsey report found that new starters are learning competency quicker with the use of artificial intelligence, Scott McGee wonders how equipped they will be for the ‘people industry’ of insurance.
McManus steps down as PIB CEO
Brendan McManus has stepped down as CEO of PIB Group.
Zurich and Beazley deal to complete next month
Zurich’s £8.1bn acquisition of Beazley will complete on 1 October after the deal received regulatory approval.
Hood Group names Post Office’s Paddock as CEO
Hood Group has hired Paul Paddock as CEO, replacing Simon Hood, who stepped down last year.
Zurich UK promotes for commercial lead as Streidl departs
Zurich UK has appointed Anita Gabat as head of commercial insurance.
FCA set to simplify fair value measure data reporting
The Financial Conduct Authority has proposed plans to reduce the reporting burden on firms surrounding the fair value measures data.
DCL racing to number one with Tokio Marine backing
Direct Commercial founder and CEO Phil Cunningham has told Post the MGA is chasing the top spot in haulage and commercial fleet following its sale to Tokio Marine HCC.
Big Interview: Matt Brewis, KPMG
In his first interview since leaving the Financial Conduct Authority, Matt Brewis reflects on his time at the regulator, his new role at KPMG, and discusses the major sticking points between regulation and industry.
Brewis on regrets the FCA didn't go further on fair value
Former Financial Conduct Authority head of insurance Matt Brewis has said he wishes the regulator had gone “further along the journey of fixing fair value assessments”.
McGill sold to EQT for $2bn
McGill and Partners and private equity firm EQT have entered into a definitive agreement in which the latter will acquire a majority stake in the former for $2bn (£1.5m).
Agentic AI has ability to ‘fundamentally change’ operations
Hamilton CEO Pina Albo said in “one of the most complex environments ever” in the insurance industry, agentic artificial intelligence is making the sector feel like it has more staff.