Articles by Scott McGee
Aventum Group pledges $12m to bring tech entirely in-house
Aventum is committing a $12m (£9.8m) investment in technology over two years to create a proprietary tech function entirely inhouse across all global operations.
Chancellor to sit down with top insurance bosses
Chancellor Rachel Reeves is to host various forums with financial services bosses over the coming weeks, including with senior executives from the insurance and reinsurance industries.
EY steps away from Direct Line following Aviva deal
Insurance Post understands EY has stepped down as service provider for Direct Line Group as a result of the deal with Aviva.
FCA CEO promises focus on growth in letter to prime minister
CEO of the Financial Conduct Authority, Nikhil Rathi, has written to prime minister Keir Starmer promising growth will be a “cornerstone” of the regulator’s strategy through to 2030.
Biba’s manifesto demands regulator to raise its game
The British Insurance Brokers’ Association launched its manifesto for 2025 today (15 January), titled ‘Partnering to deliver value’. Scott McGee breaks down the main points, including tougher scrutiny on the regulator.
Lloyd’s broker CEO under investigation for sexual misconduct
Insurance Post understands the CEO of a Lloyd’s broker is under investigation for sexual misconduct and drug use, among other things.
Motor insurance premiums down 16% year on year
The latest General Insurance Price Index from Pearson Ham Group for Q4 2024 has highlighted a sharp decline in motor insurance premiums, as well as the first reduction in home premiums for a while.
Hastings sends customers refund email ‘in error’
Hastings Direct has sent out an email to various customers claiming they are due a refund, but has since admitted it was sent out “in error”.
Iprism secures Zurich capacity for commercial products
Iprism has signed a multi-year capacity deal with Zurich, where the latter will provide property and casualty capacity for the former's property owners and commercial combined products.
ManyPets confirms redundancies as co-founder exits
ManyPets has confirmed to Insurance Post it has made some compulsory redundancies as part of its transformation project.
Aspen to go public in New York again
(Re)insurer Aspen has revealed plans to list shares on the New York Stock Exchange.
Did insurance deserve to be snubbed by the NY Honours List?
News Editor’s View: Despite more than 1,200 names on the New Year’s Honours List 2025, leading lights from the world of insurance were hardly to be seen. Scott McGee asks if it is justified and what the sector's staff need to do to be celebrated.
Q&A: Tara Parchment, Brit Private Clients
Tara Parchment, head of private clients at Brit, speaks to Insurance Post about its four years in operation, how Covid disrupted its launch, and how the mass exits in the high net worth space has affected the market.
Ecclesiastical’s Carter documents rise of leisure business
Laura Carter, customer segment director of Ecclesiastical, has described how the insurer's leisure business has grown to account for 20% of its open market new business in just 18 months.
Aviva outlines job cut plans as part of Direct Line takeover
Aviva has laid out plans to cut between 5%-7% of the combined company’s workforce over a three year period following completion of its £3.7bn merger with Direct Line Group.
Aviva and Direct Line agree terms on £3.7bn sale
The boards of Aviva and Direct Line have reached an agreement on the terms of a cash and share offer for Direct Line, equalling £3.7bn.
Direct Line brand goes live on Compare the Market
The Direct Line brand is now live and quoting on price comparison website Compare the Market.
Q&A: Lauren France, DWF Law
After being named Unsung Hero of the Year at the British Insurance Awards 2024, DWF's specialist manager and deputy head of organised fraud Lauren France talks about the work being done to combat fraud, what threats are on the horizon, and how new…
Elon Musk takes aim at Aviva’s Amanda Blanc
Elon Musk, Tesla’s CEO and owner of social media platform X, has labelled "people like" Amanda Blanc, group CEO of Aviva, as "racist" in a tweet referencing comments she made last year.
Ardonagh valued at $14bn following investment from Stone Point Capital
The Ardonagh Group has secured an equity investment from funds managed by US-based private equity firm Stone Point Capital LLC.
Ageas agrees Saga partnership and Acromas acquisition
Saga plc and Ageas have reached a deal to establish a 20-year partnership for motor and home insurance.
Aviva and Acturis partner to simplify claims process
Aviva has launched its application programming interface with Acturis, designed to streamline the claims process for brokers.
Two approaches to premium finance transparency: What next?
The larger premium finance providers have set their stalls out when it comes to transparency. What does it mean moving forward?
FCA reviews leave insurance firms with hefty bill
A recent freedom of information request by Sicsic Advisory has revealed insurers and intermediaries paid a total of £2.7m for FCA-commissioned skilled persons reviews in the latest financial year.