Commercial
Insurtech Focus: Incumbents and insurtechs
Over recent years the talk around insurtechs has moved from disruption to co-operation. With this in mind, Post canvassed a host of major insurers to discover which start-ups they work and/or invest in; and what they look for when it comes to digital…
RSA sale to Intact and Tryg completes
RSA has been bought by Canadian insurer Intact and Danish provider Tryg as scheduled for £7.2bn in cash with CEO Stephen Hester departing.
Blog: Securing our prosperity in a climate resilient world
The global (re)insurance industry is a key player in helping to decarbonise our economies and mitigate the risk of climate change, writes Swiss Re CEO of reinsurance Moses Ojeisekhoba.
French regulator sees no evidence of Scor share price abuse
The Authorité Des Marchés Finances has been unable to substantiate price manipulation allegations made by Covéa against Scor.
Industry keen for stability to follow management merry-go-round
Experts have urged Allianz and Aviva to keep a stable focus on the independent regional broker market as the insurers unveiled a merry-go-round of leadership changes.
Ardonagh acquires adjuster; ERS enters new lines; Geico partners with UK insurtech; and Partners& buys in Devon
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Insurance Post TV: Why is ghost broking on the rise? Plus gig economy insurance and Chaucer CEO John Fowle
Today Insurance Post reveals the latest episode of its ‘magazine-style’ television show, which aims to get under the skin of some of the best read stories and articles that have appeared in print or online recently.
Government-backed trade credit reinsurance scheme to end on 30 June
The UK trade credit reinsurance scheme will close on 30 June, the government and the Association of British Insurers have announced.
Ardonagh to buy Besso and Ed owner BGC's insurance business
Ardonagh has agreed to purchase BGC Partners’ insurance operations, including Besso and Ed.
High Court gives go ahead to RSA takeover
The High Court of Justice in England and Wales has approved the takeover scheme that will lead to Intact and Tryg buying RSA.
Colm Holmes named Allianz UK CEO with Adam Winslow to step in at Aviva
Allianz Holdings CEO Jon Dye will step down in November 2021, with current Aviva CEO of general insurance Colm Holmes set to replace him and Adam Winslow to step in as UK & Ireland GI CEO at Aviva.
Q&A: Stephen Smout, McLarens
Stephen Smout, head of McLarens’ UK and Ireland agriculture practice, discusses the regulatory and technological factors that have brought British farming to a crossroads, and the role the insurance sector could play supporting farmers going forwards.
Pen recruits Neil Bowdrey as first head of D&O
Pen Underwriting has appointed Neil Bowdrey to the newly created role of head of D&O as it looks to expand its presence in the directors’ and officers' insurance sector, Post can reveal.
Aston Lark's Peter Blanc on relevance and opportunity
Aston Lark group CEO Peter Blanc assesses why the market can’t just continue to offer the same old products, tweaked to be one step ahead of the next best, with cover for intangible assets coming to the fore along with the need to have challenging…
MGA market trends to drive years of growth for independent program managers, says R&Q's Spiegel
Randall & Quilter expects its program management business to benefit from secular trends in the managing general agent market for at least the next five years, following a bumper growth year in 2020.
Insurtech Focus: Founders of the Future
Although cynics saw them as a fad, insurtechs are now very much part of the UK insurance scene. Indeed some have matured into sizable businesses that are proving attractive to employees who might have otherwise never though about a career in insurance…
Allianz launches recycled parts digital platform; Howden acquires Medical Professional Risk Solutions; and Zurich UK doubles apprenticeship places
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Briefing: From Who Evans? to Huw Da Man - How the understated DG made his mark at the ABI
As Huw Evans plans to step down as director general of the Association of British Insurers to join KPMG as a partner at the end of the year, Jonathan Swift looks back at his time at the trade body and assesses how he has helped both modernise it and keep…
Blog: Dealing with non-disclosure of delivery driving
Uptake in the gig economy has been significant due to the pandemic and helped keep many families solvent. Martin Williams, chief operating officer at Thing Co, investigates the hidden danger of people relying on their private motor insurance when using…
Ardonagh recouped £22.75m from Bennetts sale
Ardonagh's first quarter results have revealed it was paid £22.75m for Bennetts, structured through a £1 sale price and the settlement of Bennetts' debt owed to the group.
Post LIVE Tech: Future proofing systems
Change is business as normal and insurance companies should be designing IT systems with flexibility rather than built to last technology, experts said at Post’s LIVE Technology conference.
Post LIVE Tech: More work for brokers to do on digital advice for SMEs
Speaking at Post’s LIVE Technology conference, Aston Lark CEO Peter Blanc flagged that more work needs to be done on providing SMEs with advice in a digital environment.
Ardonagh Global Partners recruits Morna Leather as CFO
Ardonagh Global Partners, the recently launched investment unit of Ardonagh, has appointed ex-RFIB leader Morna Leather as chief financial officer.
Analysis: The insurance domino that toppled Greensill
The founder of Greensill Capital pinned the blame for the finance firm's collapse on its insurers when addressing politicians last week.