Articles by Scott McGee
Markerstudy Group to cut 750 jobs by the end of 2025
Following the completion of the £1.2bn acquisition of Ardonagh-owned Atlanta, Markerstudy Group CEO Kevin Spencer has confirmed that the process of cutting 750 jobs has begun.
Shares tumble following motor pricing and FCA action
In a repeat of what happened in January, the share prices of Admiral and Direct Line Group have taken a hit today as the Financial Conduct Authority and government announced action around motor insurance premium pricing.
Ex-Crawford UK president Lisa Bartlett resurfaces at Gallagher
Lisa Bartlett has been appointed as managing director of Gallagher’s Birmingham office, following her resignation from Crawford earlier in the year.
Why the FCA should slash red tape to save brokers
News Editor’s View: Scott McGee examines the impact of the Financial Conduct Authority’s Consumer Duty, debating whether the regulator's promise to reduce the weight of regulation is too little, too late for small brokers struggling as a result of red…
Tesco’s fraud head is latest to join Direct Line’s top team
Ami North, Tesco Underwriting’s head of personal injury and fraud, is leaving to take up a role at Direct Line Group, Insurance Post can reveal.
Admiral’s UK insurance CEO Cristina Nestares steps down
Admiral Group has today announced that Cristina Nestares is stepping down as CEO of its UK insurance business, effective immediately.
Treloar returns to insurance on Zego’s board
Steve Treloar is returning to insurance after more than a year out of the industry, as he is appointed to Zego’s board, Insurance Post can reveal.
Markerstudy creates chief investment officer role as it eyes further growth
Emma Rawlinson has been appointed to the newly created role of chief investment officer at Markerstudy Group, effective immediately.
Allianz’s counter fraud head James Burge departing for Hiscox
James Burge, Allianz UK’s head of counter fraud, is leaving the insurer to take up a global role at Hiscox, Insurance Post can reveal.
Aviva to roll out ‘transparent’ broker portal
Aviva’s MD for commercial and chief distribution officer, David Martin has revealed to Insurance Post that, in November, the insurer will be rolling out a new broker portal.
Q&A: John Dunn, Brokerbility
After more than 18 months into his role as MD of Brokerbility, John Dunn catches up with Insurance Post to discuss bring clarity to the networks, refreshing tired shcemes, and how he hopes to help partners and members "outperform the market"
Saga in talks with Ageas over insurance arm
Saga is reported to have entered into exclusive talks with Ageas in relation to its insurance arm.
Gallagher promotes Collings to chief broking officer
Gallagher has promoted Simon Collings to the role of chief broking officer, reporting to Michael Rea, CEO of Gallagher in the UK.
Aon increases insurance service brokerage to 5%
Multiple sources have told Insurance Post that Aon has increased its rate of insurance service brokerage to 5%.
FCA remains ‘concerned’ about premium finance
The Financial Conduct Authority’s Sheldon Mills has said the regulator is still watchful and concerned about premium finance, but is encouraged that "progress has been made."
Insurance intercepts 230 fraudulent claims per day in 2023
The Association of British Insurers has today revealed that £1.1bn worth of fraudulent claims were detected last year, up 4% on 2022.
Equipment breakdown cover ‘more of a necessity’ as tech advances
Andy Bazley, underwriting manager at HSB Engineering, has said awareness of equipment breakdown insurance needs to be ramped up as the reliance of technology develops.
Biba calls for larger SMEs to be exempt from Consumer Duty rules
The British Insurance Brokers’ Association has called for larger SME commercial customers to be removed from the scope of the Consumer Duty requirements.
Bspoke signs three-year capacity deal with SiriusPoint
Bspoke Group has announced a new strategic partnership with global specialty insurer and reinsurer SiriusPoint Ltd.
Fraudster given jail time after faking driving documents and hiding offences
A man has been given jail time after he sold invalid insurance policies and tried to take out car insurance for himself by covering up his driving offences and using a fake no-claims discount certificate.
Mona Barnes appointed Aon’s global chief claims officer
Mona Barnes has been appointed global chief claims officer for Aon, effective immediately, after joining the broker last year.
Big Interview: Mark Bailie, Compare the Market
Mark Bailie, CEO of BGL Group, the owner of Compare the Market, sits down with Scott McGee to talk about the 'bad bank' at RBS, achieving ‘perfect’ price and product comparison, and his plans for the business moving forward.
Cyber market to harden ‘as early as Q1 2025’
Research from Gallagher Specialty has warned there could be a shift in the cyber insurance market by as early as Q1 2025.
Compare the Market utilising AI to ‘perfect’ product comparison
Compare the Market CEO Mark Bailie has labelled artificial intelligence a “godsend” as he pledges to use the technology to achieve perfect price comparison.