Articles by Scott McGee
FCA warns insurers against undervaluing written off cars
The Financial Conduct Authority has seen evidence of insurers offering consumers whose cars have been written off a price lower than the vehicle’s fair market value.
SSP hit by cyber security breach and $7m ransomware demand
Software house SSP has suffered a cyber security breach by the Lockbit ransomware group, affecting its internal network and systems.
Q&A: Chris Rolland, All Clear
Chris Rolland, CEO of All Clear, speaks to Scott McGee about how it used the Covid-19 pandemic as an opportunity to invest, while other firms scaled back investments, and how keeping communication regular ensured that customers came back when travel was…
Tony Sault leaves EY
Exclusive: Tony Sault, UK and Ireland market leader of general insurance at EY has left after 17 years at the company.
'Off the shelf' products and 'ridiculous' coverage components driving up insurance prices: Aurora's Finn
Aurora, a digital commercial insurance platform for micro, small and medium-sized businesses, has gone live with the launch of its initial offering.
BI claims roll on as law firm builds new case against Allianz
Law firm Mishcon de Reya is appealing for Allianz policyholders to come forward and join a group action lawsuit against the insurer in a new Covid BI claims case.
Analysis: Amazon enters UK insurance not with a bang, but with a whisper
Amazon’s entry into UK insurance has been talked about for years. Has the announcement of the Amazon Insurance Store satisfied the industry-built expectations?
Amazon partners with three insurers to launch home and contents ‘Insurance Store’
Amazon has partnered with Ageas, Co-op and LV to launch the Amazon Insurance Store, offering home and contents insurance to UK customers.
Allianz poaches mid-market boss from Aviva in further commercial reshuffle
Allianz Commercial has appointed Aviva’s David Carey into the newly created position of managing director of mid-market.
Mark Steward to step down from the FCA
The FCA’s executive director of enforcement and market oversight will leave the regulator in spring 2023 after seven years.
Judge hands insurers win in ‘far from conclusive’ Stonegate, Greggs and Various Eateries BI cases
Justice Butler, one of the two judges on the FCA test case last year, has handed insurers a win today when passing down judgment on the three cases relating to the Covid-19 business interruption losses of Stonegate, Greggs and Various Eateries.
Hemming to leave Aviva and be replaced with Dave Martin
Aviva's Gareth Hemming is to "pursue new opportunities outside of Aviva" at the end of the year.
FCA dealt with less than a quarter of whistleblower cases received in 2021/22
For the period between April 2021 and March 2022, more than three quarters of the whistleblower submissions received by the Financial Conduct Authority are still under assessment.
Briefing: Could Allianz explore direct business again?
A job advert has surfaced where Allianz is looking to expand its direct sales team within the inspections arm of the company. Could this be something that will be explored in the future for other lines?
Applied Systems looks to use US strength in mission to be ‘number one in UK’
Speaking to Post at the Applied Net conference in Nashville, CEO of Applied Europe, Tom Needs has said that having a US arm of the business allows the UK and Ireland to experiment and innovate more.
Interview: Hannah Gurga, ABI
The ABI's new director general, who started her role in February, speaks to Scott McGee about her ambitions for the industry, being the best advocate for insurance, and her hopes when it comes to working with the new Prime Minister.
Kingfisher pair team up to launch motor insurer with net-zero focus
Andy James and Mark Ames, previously of Kingfisher Insurance, have teamed up to launch Zixty, an app-based motor insurance company with carbon neutrality at its core offering.
Dive In Festival: ‘Find the high-potential women early on and do everything to keep them’ says Aviva’s Blanc
Aviva’s Amanda Blanc says women are dropping out of organisations “far too early” because they are not seeing role models in more senior positions.
ABI's James Dalton to replace Ben Fletcher at IFB
In a wave of senior appointments, the Motor Insurers' Bureau has appointed the ABI's James Dalton as chief services officer.
Briefing: Government makes demands to Biba in response to ‘disturbing remuneration’ practices
The Secretary of State for Levelling Up, Housing & Communities, Simon Clarke has demanded ‘immediate changes’, ordering the British Insurance Brokers’ Association to address ‘disturbing’ remuneration practices following a Financial Conduct Authority…
Q&A: David Philips, GIFC
David Philips, chair of the GIFC, talks to Scott McGee about General Insurance Fraud Committee's plans for 2022 and beyond, the plans to work more with the government, and the key strategies it wants to implement to protect customers from fraud.
Amendments for financial bill proposed by task force labelling the FCA ‘a problem child’
Amendments to further protect consumers in the Financial Services and Markets Bill, due to be passed into law next year, have been proposed by a task force that wants to see regulators held more accountable.
Industry responds 'sensitively' to event cancellation in wake of Queen’s death
Organisers have seen many of their events cancelled since the Queen passed away earlier this month, despite clear guidelines from the government. However, the insurance industry has responded to these cancellations with sensitivity
Analysis: Reinsurance in a critical period after showing signs of resurgence
As reinsurers head to Monte Carlo for the annual Rendez-Vous de Septembre , Post reviews recent market reports, where reinsurers have been advised to "lean into the market" after years of struggle.