Commercial
Closing Europe’s natural catastrophe protection gap
Trade Voice: Typhaine Beaupérin, CEO of the Federation of European Risk Management Associations, appraises recent proposals for a continent-wide scheme to boost the provision of natural catastrophe cover.
Big Interview: Tom Downey, Pen Underwriting
As Pen turns 10, CEO Tom Downey sits down with Harry Curtis to outline his plans to turn the MGA into the equal of the UK’s largest insurers.
Tech shift in insurance slashes underwriting and pricing job vacancies
Automation and artificial intelligence-driven algorithms are reducing the number of new underwriting hires at the start of 2025, according to exclusive data analysis by Michael Stefan, partner at executive recruitment firm Hanover.
Martyn's Law receives Royal Assent
Businesses have been given two years to implement the requirements of Martyn’s Law, landmark piece of counter-terrorism legislation.
‘Boomier and bustier’ cyber market needs to grow more sustainably
Gallagher Re CEO Tom Wakefield has challenged the cyber insurance market to act now to avoid future volatility, after saying that recent cycle management had cost the class of business in terms of growth.
Trump’s tariffs impact on insurance laid bare
The introduction of US president Donald Trump’s tariffs on Wednesday (9 April) will increase the cost of claims, particularly in motor and home insurance, experts have warned.
Pen Underwriting sets sights on £1.75bn GWP target
Pen Underwriting has set a target of increasing gross written premiums to £1.75bn by 2030, CEO Tom Downey has told Post.
View from the Top: Don’t allow price talk to drown out the quality of insurance
As the insurance market shifts into a new phase, competition intensifies and price becomes the dominant factor in decision-making, Richard Coleman, managing director of Ecclesiastical, argues while affordability matters the real value of insurance lies…
Q&A: Ursula Jallow, Insurance Fraud Bureau
Ursula Jallow, managing director of the Insurance Fraud Bureau, sits down with Insurance Post to talk through the three year strategy of the organisation, including moves into new lines of insurance, streamlining its tech capabilities and how fraud risks…
Throwback Thursday: North Sea disaster; bullion raid
Insurance Post’s Throwback Thursday steps back in time to April 1980 to remind you what was going on this week in insurance history when heavy claims were expected following a North Sea disaster and the cost of a bullion raid was being counted.
Gallagher targeted senior staff with mock deepfake fraud impersonating CEO
Gallagher recently carried out an internal simulated test whereby its IT department targeted staff with an $10m (£7.7m) attempted deepfake fraud, the CEO of its reinsurance brokerage has revealed.
British Insurance Awards 2025 shortlist revealed
Whatever you are doing, stop! The Supersonic shortlist of the 2025 British Insurance Awards, which will take place at the Royal Albert Hall on 9 July, is announced today.
Rokstone and Allianz make five-year capacity deal
Allianz Commercial has extended its partnership with Rokstone through a five-year capacity arrangement.
What the future holds for multi-storey property insurance
One year on from the launch of the Fire Safety Reinsurance Facility, Scott McGee examines if it has improved access to cover and if efforts to remove cladding are enough to reduce the price of buildings insurance on a long-term basis.
Failure to prepare for extreme weather causes school closures and education losses
Recent flooding and heavy rain across the UK have once again forced school closures, which Gareth Magrath, senior associate director at Brawdia, argues highlights education providers’ vulnerabilities from weather-related property losses plus the need for…
Allianz Trade appoints Matt Williams as UK&I CEO
Allianz Trade has named Matt Williams as its next UK and Ireland CEO, succeeding Sarah Murrow, who is set to leave to head up the insurer’s Americas business in July.
Why claims are the true test of an MGA
As the MGA sector continues to evolve, Michael Keating, CEO of the Managing General Agents’ Association, argues claims excellence must be a strategic priority and technology embraced for efficiency, service improvements and complimenting the human touch.
Government urged to do more to boost cyber resilience
The government should be doing more to boost the UK’s cyber resilience, figures at broker Marsh and insurer Zurich said at a recent panel discussion on closing the cyber protection gap.
Professional indemnity insurers unable to price for genAI exposure
While claims seem inevitable, professional indemnity insurers are currently bearing an unpriced exposure to the use of generative artificial intelligence, RSA’s UK head of PI has told Insurance Post.
Allianz appoints commercial lines leaders ahead of new MD’s arrival
Allianz’s UK commercial lines arm has made two appointments to its management team ahead of the arrival of new managing director Phuong Ly next month.
RSA axes up to 250 jobs in Peterborough
RSA is in the process of cutting about 250 jobs from its Peterborough office over the next two years.
Spring Statement 2025: What insurers should know
Chancellor Rachel Reeves delivered her 2025 Spring Statement today (26 March) with a mix of spending cuts, investment pledges, and economic forecasts.
Watch Axa, Convex, Clear and Verisk discuss data in commercial property
The issue of underinsurance in commercial property insurance has been prevalent for a number of years now, with the spotlight really intensifying during and after the Covid-19 pandemic.
Political violence losses and logistical challenges for claims
Dealing with insurance claims relating to political violence demands a rapid, specialised and technologically sophisticated response, according to Hugh Sparks, managing director of onshore energy and mining plus natural resources at Charles Taylor.