Articles by Scott McGee
Homeserve consulting on CET closure
Insurance Post has learned that Homeserve is consulting with CET with a view of closing down the business-to-business home emergency solution provider, which it bought in 2021.
Winn slashes resolution times by 85% with ADR
Winn Group has announced alternative dispute resolutions have allowed it to cut down case times from 300 days to just 19.
Motor premiums to rise 16% over the next two years
EY has predicted the UK motor insurance market is set to continue making a loss over 2026 and 2027, with premiums set to increase by 16%.
Swedish pet insurer that pays claims 'within six minutes’ launches
Swedish pet insurtech Lassie has launched in the UK, after 100% year on year growth within Europe.
Did the FCA’s leasehold commission reforms fail?
Three years after introducing reforms to tackle excessive leasehold insurance commissions, the Financial Conduct Authority is reviewing the market again, which Scott McGee observes raises questions about whether its measures have delivered meaningful…
Louise Haigh appointed Deputy Prime Minister in Burnham’s cabinet reshuffle
Former Transport Secretary Louise Haigh has been appointed as First Secretary of State in Prime Minister Andy Burnham’s new cabinet.
Experience within London Market claims teams drops
A Lloyd's Market Association survey has found a reduction in experience within claims teams within the market.
Aggregator bosses plead for access to standardised claims data
The CEOs of Compare the Market, Money Supermarket and Confused have all pleaded with the government to help aggregators standardise claims performance data.
Chris Loake to join CFC
Hiscox’s chief information officer, Chris Loake, is joining Adam Winslow and Jane Poole at CFC.
WTW predicts ‘shorter, more extreme’ insurance cycles
WTW’s Stephen Cox and Robert Treen have said the personal lines insurance market cycles could be getting shorter, and insurers need to be ready for that.
Wakam UK enters roadside assistance with PIB partnership
Wakam UK has entered the roadside assistance market through a three-year partnership with Rescuemycar.com, the breakdown cover specialist part of PIB Group.
Which? and MoneySuperMarket announce insurance partnership
Which? and MoneySuperMarket have partnered to launch a service aimed at “transforming insurance comparison services”.
Defra sets out vet reforms to ‘radically modernise the industry’
The Department for Environment, Food and Rural Affairs has today (9 July) set out what it calls “the most significant overhaul of veterinary regulation in six decades”.
Copart promotes UK CEO Pocock to president
Copart has promoted UK CEO Jane Pocock to president, effective as of 1 August.
FCA insists delegated authority review isn’t challenge to MGAs
The Financial Conduct Authority’s work around outsourced and delegated authority work is not to challenge the model, but more to gain an understanding of the way the sector works.
Insurers told to brace staff for AI disruption
Artificial intelligence will reshape rather than replace many roles, provided insurers invest in training and encourage employees to experiment safely, according to panelists at the Managing General Agents' Association conference.
MGAs ‘must have a plan B to survive soft market’
While he said the MGA market is “one of the most exciting and consequential inflexion points” in his 50-year career, McGill chair Jon Lloyd said “we will now see who the real players are in a soft market”.
Jensten’s Birch says M&A drive ‘will not slow down’
Gareth Birch, who recently joined Jensten from Gallagher as CEO for broking, has told Insurance Post that M&A “will not slow down” as he is tasked with bringing together the acquired businesses under one operating model.
Mission CEO confirms HNW launch with Aviva execs
Mission CEO Ross Dingwall has today (1 July) confirmed that the executives who left Aviva Private Clients in May, have joined him to set up a new HNW product.
Bspoke’s Smyth to replace Manchester as MGAA chair
The Managing General Agents’ Association has appointed Bspoke Group chair Tim Smyth as its new chairman.
Specialty growth helps Crawford weather quieter claims year
Crawford UK and Ireland president Paul Lofkin has reflected on the claims environment so far this year, and reveals the business is no longer looking at the weather out of the window, but focusing on global risks.
FCA proposes further simplification of insurance rules
The Financial Conduct Authority has today (29 June) launched a consultation, proposing further simplification of insurance rules.
What could Burnham mean for insurance M&A?
After Prime Minister Sir Kier Starmer announced his intention to resign once a new leader of the Labour Party is elected, and his successor appearing to be set in stone, Scott McGee wonders what effect this could have on firms looking to acquire.
Industry agrees on maximum daily credit hire fees
New maximum daily hire rates, agreed between insurer and credit hire company subscribers to the general terms of agreement, come into force from 1 July following another successful independent rate review.