Commercial
Eunice could be 'most impactful' storm parts of UK have seen in years
Red weather warnings are in force across parts of England and Wales with significant disruption expected as Storm Eunice tracks across Ireland and the UK.
Industry 'cautiously optimistic' discount rate will be set before NI Assembly dissolves
The Northern Ireland government actuary department will have had less than two months to complete the review of the discount rate before the Assembly dissolves on 25 March, but industry watchers remain “cautiously optimistic” this is achievable.
Claims Apprentice back for 2022 – get your application in today
We are on the hunt for the next Claims Apprentice, with the return of the popular video series for 2022.
Blog: The key ingredients for successful M&A
Prodinity CEO and founder Theunis Viljoen looks at how best to achieve post-acquisition value following a merger or acquisition.
Axa buys renewal rights to Ageas UK's commercial lines business
Axa has acquired the renewal rights to Ageas UK’s commercial lines business for an initial consideration of £47.5m.
Covéa’s Adrian Furness on making insurance careers more than just a job
Adrian Furness, CEO of Covéa Insurance, addresses how and why the industry must support staff with an emphasis on providing positive engagement, a sense of community and mental wellbeing.
Ukraine commits funds to keep flights going as insurers pull out
The Ukrainian government has committed UAH 16.6bn (£430m) to keep commercial flights moving through the territory as reports suggest insurers have pulled cover amid heightened tensions with Russia.
Travelers updates on coal stance; Hubb claims metaverse first; Thomas Cook signs insurance partnership; and Vitesse backed by HDI as it raises $26m
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Floodflash to establish US presence following $15m venture capital raise
Floodflash has raised $15m (£11.1m) in a Series A funding round, which it intends to use to fuel its international expansion.
Chaucer stakes claim for 'gamechanger' ESG scorecard in partnership with Moody’s
Chaucer has teamed up with Moody’s with the aim of producing a data-driven environmental, social and governance ‘scorecard’ to enable businesses to assess and improve their ESG performance.
Partners&’s Phil Barton calls for a new commitment to giving quality advice
In the aftermath of the Supreme Court’s business interruption ruling, brokers must now ditch the transactional practices of the past for an advice-led approach to rebuild the marketplace’s reputation, argues Phil Barton, CEO of Partners&.
Brokers defend record amid insurance probe into 'failing' market for flats and tower blocks
Amid regulatory scrutiny brokers have accepted there are insurance challenges for flats but sought to defend their role when approached by Post.
Intelligence: Is it boom time for special purpose acquisition companies in the UK?
Although the mania for special purpose acquisition companies of early 2021 has subsided, investor enthusiasm persists and is in the process of going global. The losses directors’ and officers’ insurers can expect to flow from these types of companies…
Lower claims impact expected from Malik and Corrie than predecessors
The insurance impact of storms Malik and Corrie is expected to be less severe than recent storms Arwen and Barra.
Zego adds Catherine Barton as chief insurance officer
Insurtech Zego has appointed ex-Bupa executive Catherine Barton as its first chief insurance officer.
Editor's comment: Celebration or commiseration
We are a family that is big on marking the passing of time – birthday, anniversaries and well just any excuse to get together really – good job too with no less than six family birthdays in January alone.
Analysis: Weighing up the FCA’s consumer duty rules
Compliance experts address what the FCA’s new consumer duty proposals will mean for the insurance sector, whether the industry is ahead of the curve and if the changes will be value for money
Convex publicly rules out insuring Adani and further thermal coal production
Convex has ruled out insuring Adani’s Carmichael coal mine and any new thermal coal production following pressure from climate change campaigners.
Gallagher enters motorcycle and motorhome space with first acquisition of the year
Gallagher has acquired Devitt Insurance Services marking the group’s entry into the motorcycle and motorhome space.
Allianz hits 100% renewable electricity in UK offices target
Allianz Holdings, which comprises Allianz Commercial and Allianz Personal, has revealed that 100% of the electricity its UK offices use now comes from renewable sources.
Chubb promotes Jon Houghton to head of distribution for UK and Ireland
Chubb has made Jon Houghton head of distribution for the UK and Ireland expanding his previous role as distribution manager for national brokers in the region.
Zurich’s David Nichols explains why customer communication is key to tackling the global supply chain challenge
The global supply chain challenge has far-reaching implications for every financial sector. David Nichols, UK chief claims officer at Zurich Insurance, details the importance of keeping customers and suppliers both informed and engaged.
Analysis: Illegal e-scooters hit insurer claims reserves to tune of 'hundreds of thousands'
Insurers are already reserving ‘hundreds of thousands’ of pounds for collisions involving third-party private e-scooters – but the vehicles aren’t legal on public roads yet.
CII consultation usefulness in doubt over believed low response rate
Insurance specialists have queried how the Chartered Insurance Institute will be able to lean on the findings of its recently closed Shaping the Future consultation due to the reported 1% response rate.