Commercial
Oliver Wyman to rapidly build 'double-digit headcount' UK actuarial practice
Oliver Wyman expects to “quickly recruit a team with a "double-digit headcount” to its UK actuarial practice, the Marsh McLennan management consultancy has told Insurance Post.
Aviva chiefs reveal how the provider achieved 13% GWP growth
Aviva bosses have revealed the part rate and new product lines played in pushing general insurance premiums up 13% in the first half of 2023.
Embedded insurance: Blind to the risks?
Analysis: David Worsfold examines whether wrapping up insurance with other products risks obscurity, especially if there is a poor understanding of consumer behaviour in a digital environment.
Ecclesiastical sees surge in financial lines claims from charities
Ecclesiastical has received hundreds of financial lines claims from charities post pandemic with the provider predicting these organisations are seen as “easy targets”.
Insurance M&A activity continues to slow down
Lack of demand for insurtech businesses plus concerns about a target company’s data security resulted in less merger and acquisition activity in the UK in the first half of 2023, according to Clyde & Co.
Greensill administrators sue Zurich for unpaid trade credit claims
The administrators of Greensill Bank are suing Zurich, alleging the insurer wrongfully refused to pay claims under a trade credit insurance policy.
Is Hiscox no longer the big bad BI wolf?
Editor’s View: Scott McGee considers how lessons can be learned from how Hiscox, which bore the brunt of the initial reputational hit from Covid-related business interruptions claims, has moved on.
Allianz CEO anticipates 'strong rate' environment for rest of 2023
Colm Holmes, CEO of Allianz Holdings, has warned the insurance giant will need to continue to rate “to cover the impact of inflation” in the latter half of this year.
Hiscox achieves tenfold increase in H1 profits
Aki Hussain, group chief executive of Hiscox, has revealed how a decision to preserve capital over the last few years has paid off with bumper profits at the start of 2023.
RSA posts £9m loss for first half of 2023
RSA has posted a £9m loss for the first half of 2023 and hired Aviva’s former transformation director James Godfrey to try to future-proof its technology, digital and data capabilities.
Climate change activists target Hiscox and Travelers
Coal Action UK campaigners have graffitied Hiscox and Travelers offices this week, demanding the insurers withdraw support for the East African Crude Oil Pipeline project.
Q&A: David Miller, Howden head of sport, Scotland
David Miller, Howden’s head of sport in Scotland, speaks to Post about the broker’s ambitions in the sport market and the challenges facing golf clubs looking for cover.
Former Independent Insurance CEO Bright passes away
Michael Bright, the former CEO of Independent Insurance, has passed away.
Rugby clubs and restaurants mount Covid BI suit against Allianz
Allianz is facing legal proceedings brought by more than 30 claimants seeking payouts for Covid-related business interruption.
How insurers help make summer blockbuster movies magic
Emma Ann Hughes examines how film production insurance has adapted to reflect the new risks associated with producing big summer blockbusters across several countries post-pandemic.
UK court ruling on Allianz insurance case highlights importance of policy wording
Blog: Rob Smart, chief technical officer at Mactavish, reflects on the impact of the Court of Appeal’s decision in the Brian Leighton (Garages) v Allianz Insurance case.
Trade Voice: Airmic on managing the climate risks of tomorrow
Julia Graham, Airmic CEO, argues the events of last month demonstrate the important of tackling climate risks in both the near and far term.
Diary of an Insurer: RSA’s Kate Coutts
Kate Coutts, head of risk policy, strategy and change at RSA, simplifies systems, keeps fit and finds her risk skills come in handy at a school governors meeting.
View from the Top: Aviva’s Adam Winslow on insurers’ critical role supporting Net Zero transition
Adam Winslow, CEO of UK & Ireland general insurance at Aviva, says out of sight downsides mustn’t be put out of mind as insurers support Net Zero transition.
Zurich refused permission to appeal £8m court judgment
The Commercial Court has refused Zurich permission to appeal a judgment that obliges the insurer to pay millions to a travel company, having determined that an appeal would have “no real prospect” of success.
Flat Iron becomes latest restaurant to take Covid BI fight to the courts
London steakhouse chain Flat Iron is the latest restaurant to bring legal proceedings against its insurer in pursuit of a business interruption payout for disruption it suffered due to Covid-19 restriction.
Bridgehaven negotiating with 40 MGAs following PRA approval
Fronting insurer Bridgehaven Insurance will focus on underwriting medium-sized businesses and is in dialogue with 40 managing general agents, CEO Paul Jewell told Insurance Post.
Diary of an Insurer: QBE’s Natalie Ferrigan
Natalie Ferrigan, head of distribution at QBE, plays darts, heads to the races, and shapes the future strategy for UK distribution.
Axa appoints Tara Foley as CEO
Tara Foley will take over as CEO of Axa UK & Ireland on 1 September after almost three years as CEO of Axa UK Retail Insurance.