Broker
Gefion declared bankrupt
Gefion Insurance has been declared bankrupt by the Maritime and Commercial High Court in Denmark and is no longer paying claims.
Howden unveils ESG insurer; DLG launches tech platform; Zego introduces pregnancy loss leave; Hiscox in legacy tie up; Brit debuts consortium
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurtech Focus: Incumbents and insurtechs
Over recent years the talk around insurtechs has moved from disruption to co-operation. With this in mind, Post canvassed a host of major insurers to discover which start-ups they work and/or invest in; and what they look for when it comes to digital…
Applied names Tom Needs Europe CEO as Andy Fairchild exits
Andy Fairchild has left Applied Systems with Tom Needs appointed as CEO for Europe.
Spotlight: Motor – The future of pricing
Changing consumer behaviour, the economic climate and a review of pricing practices are some of the challenges facing the motor insurance sector currently. Our research looked in more depth at how these changes might impact the sector, its pricing and…
Blog: Securing our prosperity in a climate resilient world
The global (re)insurance industry is a key player in helping to decarbonise our economies and mitigate the risk of climate change, writes Swiss Re CEO of reinsurance Moses Ojeisekhoba.
Ardonagh acquires adjuster; ERS enters new lines; Geico partners with UK insurtech; and Partners& buys in Devon
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Google lays out scam advert counter measures
Google has detailed the steps it is taking to protect consumers and legitimate businesses in the financial sector after research by Post revealed that brokers are being targeted by claims management companies.
Analysis: The broker problem with online claims adverts
Research by Post has revealed that brokers as well as insurers are being targeted by claims management companies seeking to take over motor claims via misleading advert urls online, particularly on mobile devices
Ardonagh to buy Besso and Ed owner BGC's insurance business
Ardonagh has agreed to purchase BGC Partners’ insurance operations, including Besso and Ed.
Aston Lark's Peter Blanc on relevance and opportunity
Aston Lark group CEO Peter Blanc assesses why the market can’t just continue to offer the same old products, tweaked to be one step ahead of the next best, with cover for intangible assets coming to the fore along with the need to have challenging…
Marsh McLennan receives Lord Mayor’s Dragon Award
Marsh McLennan has received the Lord Mayor’s Dragon Award for the social impact achieved through Surviving to Thriving – a strategic regional initiative developed by British Red Cross to support unaccompanied refugees and asylum seekers aged 11 to 25.
Allianz launches recycled parts digital platform; Howden acquires Medical Professional Risk Solutions; and Zurich UK doubles apprenticeship places
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Ardonagh recouped £22.75m from Bennetts sale
Ardonagh's first quarter results have revealed it was paid £22.75m for Bennetts, structured through a £1 sale price and the settlement of Bennetts' debt owed to the group.
Post LIVE Tech: More work for brokers to do on digital advice for SMEs
Speaking at Post’s LIVE Technology conference, Aston Lark CEO Peter Blanc flagged that more work needs to be done on providing SMEs with advice in a digital environment.
Ardonagh Global Partners recruits Morna Leather as CFO
Ardonagh Global Partners, the recently launched investment unit of Ardonagh, has appointed ex-RFIB leader Morna Leather as chief financial officer.
Q&A: Randall Goss and James Begley, Oxford Insurance Group
Post caught up with Randall Goss, chair and CEO of parent company US Risk, and James Begley, chief operating officer of Oxford Insurance Group, to track how the offering was formed, its growth, expansion and acquisition targets. The pair also share their…
Blog: Suez incident proves need for rethink of cargo delay cover
Mike Burns, partner at Weightmans, explains how the blockage of the Suez Canal and subsequent detainment of the Ever Given has reopened the debate over whether cargo delays can rightfully be excluded under maritime insurance policies.
Reich targeting £120m GWP within five years
Reich is on track to hit its £100m of gross written premium target for 2022 and will push on to £120m over the next five years, CEO Simon Taylor told Post.
Biba 2021: Training that could 'mould' people is counter-productive to D&I efforts
Insurers must hone in on specific areas of the business such as training to address diversity and inclusion deficiencies within the sector, a panel at the British Insurance Brokers' Association has said.
First insurance ESG Framework unveiled; Ardonagh acquires Usay Gp; James Hallam adds trio of buys; and Right Choice completes Bennetts deal
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Biba 2021: FCA’s Matt Brewis says BI claims payments could have been made quicker post-judgment
While acknowledging the complexity around Covid-19 business interruption claims, an FCA representative has said he believes payments could have been made quicker following the January test case judgment.
Broker and insurer FSCS levies still up despite forecasts being slashed
The Financial Services Compensation Scheme has issued final levies for 2021/22 of £73.8m for brokers and £189.8m for insurers, down significantly on initial estimates but still up on this year’s bills.
Biba 2021: 'Unified action' needed to fix PI insurance problem
With professional indemnity insurance prices soaring, and insurers increasingly withdrawing cover, panellists at the British Insurance Brokers' Association conference called for insurers and brokers to collaborate to bring back value for customers.