Commercial
CII boss Sian Fisher addresses local institute concerns over grant scheme aimed at tackling seven figure deficit
Exclusive: The Chartered Insurance Institute’s 2020 deficit is no longer going to be of the “magnitude” of £7m, CEO Sian Fisher told Post as she addressed concerns around local institute grant schemes.
Insurer results directory 2020
Updated: Post tracks the 2020 insurer results season including gross written premium and combined operating ratio - detailing the impact of UK business interruption, weather, motor, home, non-business interruption Covid-19 claims, as well as mergers and…
Intelligence: Are insurers and insureds ready for 5G?
The UK’s four main mobile networks have all launched a 5G service and by 2022 the whole of the UK is expected to have access. 5G is touted to bring benefits across society – Post investigates what will it mean for insurers and their clients.
ERS raises $350m, confirms Kevin Kelley as non-exec chairman
ERS has completed a $350m (£252m) capital raise led by Boston based private equity firm Abry Partners, as it updated on its Bermuda ambitions and appointed Kevin Kelley as non-executive chairman.
Clear buys Luker Rowe and HIA International
Clear Group has bought Brokerbility members HIA International and Luker Rowe, Post can reveal.
QBE promotes Cécile Fresneau to run insurance division
Cécile Fresneau will take the helm of QBE European Operations’ insurance division, overseeing the business in Europe and international markets in addition to the UK, from the start of next month.
Q&A: Sharon Brown, Harbour Underwriting
Managing general agent Harbour Underwriting (formerly QLCC) last year launched after the event commercial dispute insurance to the broker market. Managing director Sharon Brown spoke to Post about what attracted her to the role and why she believes…
Survival drive risks businesses putting cyber cover on the back burner: Aviva research
The immediate Covid impact could see businesses pushing cyber cover down their list of priorities and brokers need to ensure clients understand how risks interconnect, Aviva's commercial lines interim managing director cautioned as the insurer debuted…
Big four brokers post organic growth during pandemic hit 2020
The 2020 results from Aon, Gallagher, Marsh and Willis Towers Watson showed the big four still delivering global organic growth despite the impact of the Covid-19 crisis, though in some cases figures for Europe, the Middle East and Africa units showed…
Covéa’s Graeme Howard on the need for innovation to drive a fundamental market shift
Graeme Howard, chief technology and information officer at Covéa Insurance, shares the three key ingredients of systems, agility and trust culture to succeed in innovating on a transformative scale.
Liberty Specialty Markets adds Marleen Lemmens as European COO
Liberty Specialty Markets has named Marleen Lemmens as European chief operating officer joining from Aon Netherlands.
Brightside buy first in a pipeline of deals, says Markerstudy's Humphreys
There will be no job losses from Markerstudy buying Brightside with the brand and Bristol office being kept, Gary Humphreys, group underwriting director at Markerstudy, told Post.
Scott Egan confirmed as RSA UK and International CEO post takeover
Intact Financial Corporation has confirmed that Scott Egan will stay as CEO of RSA’s UK and international business after its takeover of the insurer, which is scheduled to complete next quarter.
For the record: Brightside sold to Markerstudy; Aviva acquires Axa XL HNW team; Aston Lark buys Bruce Stevenson and Inflexion invests in broking again
Post wraps up the major insurance deals, launches and investments of the week
Gallagher, RSA and Amwins Group Risks discussed how insurance companies are developing career paths for future talent
Post in association with Davies Group hosted a live webinar where an expert panel discussed how insurance businesses are adapting the personal development of their employees during a time of remote working; and what the implications are for future…
Aviva confirms £84m Covid hit as commercial lines book surpasses £2bn
Aviva has posted a combined operating ratio of 98.5% for its UK general insurance business in 2020, reporting growth across commercial lines and progress on its pledge to slash its available personal lines products by 80%.
Fully Comp 14: First reactions to the MoJ whiplash portal protocol and practice direction
For the fourteenth episode of Post’s video series Fully Comp we gathered together a group of experts to discuss the highly anticipated publication of the rules, tarriffs, pre-action protocol and practice direction linked with the whiplash portal.
Editor's comment: PI breaking point
Spending most of the most recent half term indoors with nowhere to go, we turned to being creative and churned out paint pouring masterpieces, pottery-wheel egg cups (although eggs can’t fit in them) and designed our own t-shirts
PI Analysis: Pandemic pushes cover down technology firms' to-do lists
Professional indemnity insurance may have slipped down the shopping list of some IT and technology companies, but firms that do take out cover are finding the type of policy limits they are used to harder to come by
Chaucer launches university scholarship programme
Chaucer has opened a scholarship programme to pay the university fees and living expenses of one school leaver for the duration of their degree.
IPT unscathed in Budget with corporation tax set to rise in 2023
Insurance premium tax went unmentioned in the Spring Budget announcement, with developments including additional apprenticeships funding, a furlough extension and a corporation tax hike from 2023.
JM Glendinning buys Butterworth Spengler in first deal after Synova investment
JM Glendinning has invested in a management buyout of Liverpool-based Butterworth Spengler to become the majority owner, Post can reveal.
'No magic bullet' to fix Covid-19 reputation hit, says Hiscox as it posts $268m loss
There is “no magic bullet” Hiscox can use to remedy the hit to its reputation suffered through the long-running disputes over business interruption cover, the insurer’s global retail CEO Ben Walter has said.
Andrew Horton to exit Beazley for QBE group CEO role
Andrew Horton is stepping down as Beazley CEO handing over to Adrian Cox ahead of becoming group CEO of QBE Insurance, the two insurers have confirmed.