Commercial
Minster Law strikes deal for Irwin Mitchell's fast-track PI business
Minster Law has reached an agreement to take over Irwin Mitchell’s fast-track personal injury business with intentions to “lead consolidation in the market”.
Covéa talks to buy Axa XL Re fall through: report
Covéa has failed to secure a deal to buy Axa XL Re, Post’s sister title has reported.
Brokers foresee disruption from Amazon business insurance deal but no reason to panic
Amazon Business’ partnership with insurtech Superscript has the potential to bring an element of disruption and grab niche market share by meeting demands but advice is still key for corporate SME business, according to experts.
Trade bodies collaborate on product governance amid concerns of sluggish progress
Insurance industry trade bodies are working to agree templates for information sharing between firms to enable them to more easily come into line with the Financial Conduct Authority’s enhanced product governance rules.
Analysis: Commission in the crosshairs as FCA warns on product governance rules
The shift in the regulatory landscape could lead to “massive upheaval” experts have warned as brokers have been urged to engage with the process amid fears that the scope of fair value changes has not been understood.
Avid’s Stephen Gibson on the four criteria that will define a successful MGA
After a challenging few years the managing general agents sector has looked at itself in the mirror and, buoyed by the hardening market, is in good position to grow following the pandemic, says Stephen Gibson, CEO of Avid Insurance Services.
Beazley recruits Bob Quane from Axis Capital as CUO
Beazley has appointed Bob Quane as chief underwriting officer joining from Axis Capital where he was CUO of the insurance segment.
Obituary: Insurance veteran Sandy Dunn passes away
Many were shocked and saddened this week to learn that Sandy Dunn, a well known and respected figure in the industry, had passed away suddenly, after a brief illness.
Blog: Improving customer retention in insurance
Ello managing director Michael Kalli considers recent research that suggests fewer than one in 10 consumers feel like they are a valued customer to their insurer.
JMG Group approaches £100m milestone after Butterworth Spengler’s Brunsdon buy
JMG Group has reached £90m of gross written premium with 200 staff in 10 offices, CEO Nick Houghton told Post as it funded Butterworth Spengler to make its first acquisition since joining the group.
Howden reveals football's Covid losses; Convex opens new European subsidiary; Volante gets new syndicate approval from Lloyd’s; and Zurich supplants Axa as MGA's £105m capacity
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Recruiter warns of talent war impact on diversity amid resignation boom
With resignations on the rise employers risk overlooking candidates from diverse backgrounds, Dive In attendees heard.
Blog: We are not responding fast enough to the climate change challenge
Climate change still remains the biggest challenge facing society, and we aren’t responding fast enough, writes Guido Fürer, group chief investment officer and member of the group executive committee, Swiss Re.
Hiscox chief claims officer Grace Hanson to exit
Hiscox chief claims officer Grace Hanson will leave the insurer at the end of the year, Post has learned.
LMG makes Caroline Wagstaff CEO role permanent
Caroline Wagstaff has been appointed as permanent CEO of the London Market Group having held the job on an interim basis since April.
Blog: Strength in numbers - the power of three
The global pandemic has altered the risk landscape, pressing the need for a rethink of the tripartite relationship between insurer, broker and customer to ensure businesses’ evolving needs are met, says Sam Franks, Beazley UK regional development manager…
David Williams to leave Axa
David Williams, managing director of underwriting and technical services, is leaving Axa Insurance after 41 years with the provider.
Zurich’s Paul Dixon on a greener claims process
With the world facing an urgent climate crisis, consumers are increasingly looking for brands to put purpose before profits, writes Paul Dixon, Zurich UK’s head of claims proposition.
Insurers among host of UK businesses urging PM to show 'strong leadership' ahead of COP26
Insurance companies are among a group of more than 80 UK businesses that have urged Prime Minister Boris Johnson to show “strong leadership” to ensure the upcoming COP26 climate summit is a success.
Jensten targeting double-digit organic growth after Tasker buy
The Jensten Group has completed its acquisition of the Tasker Insurance Group – including Tasker Insurance Brokers, Tasker & Partners and Gresham Underwriting – following regulatory approval.
Intelligence: Grading the education insurance market
Experts specialising in education sector insurance have hailed the market’s performance during the pandemic and expressed optimism for more success as students head back to university and further education colleges.
Intelligence: A question of diversity
Studies have shown diverse management teams achieve higher revenues due to innovation and discrimination claims can be costly. As the Dive In festival kicks off at Lloyd's and around the world, Edmund Tirbutt investigates if the insurance industry is…
Allianz unveils transitioning at work policy
Exclusive: Allianz Holdings has launched a transitioning at work policy across its UK businesses, including Allianz, LV, Petplan and Home & Legacy.