News
Brits expect insurers to raise financial abuse awareness
Research from Axa UK has revealed that there is a growing public expectation among UK adults for businesses to play a role in financial abuse awareness.
FCA confirms AI review led by Mills
The Financial Conduct Authority has today (27 January) confirmed Sheldon Mills is to lead a review into the implications of advanced AI on consumers, retail financial markets and regulators.
FCA rejects calls for further Covid BI interventions
The Financial Conduct Authority has rejected calls for further interventions on Covid business interruption claims, sayings its current position “continues to be appropriate”.
Chief claims officer lifts the lid on how Allianz caught £93m of fraud
Allianz chief claims officer Matt Cox has told attendees at the ITC London conference that the insurer was able to create a “hostile environment” for fraudsters without damaging customer experience through using voice analytics technology.
AUB Group buys majority stake in Prestige Insurance Holdings
AUB Group and Prestige Insurance Holdings have entered into an agreement for AUB to take a 95.9% majority shareholding in the Prestige business for £219m, with completion subject to regulatory approval.
Turk outlines how Lloyd’s can grow in ‘knife edge’ market
Lloyd’s chief of market performance Rachel Turk has highlighted areas in which she thinks the market can continue to grow in a pricing environment that she characterised as “softening” but not yet “soft”.
UK insurance boards slash gender pay gap to 3%
The gender pay gap on UK insurance company boards has narrowed dramatically falling from 28% in 2020 to just 3% in 2024, according to EY’s latest Financial Services Boardroom Monitor.
Perils gives final estimate for Storm Éowyn
Perils has given its final estimate for the insured loss resulting from Storm Éowyn, which affected the British Isles on 24 and 25 January 2025.
Acrisure’s UK rebrands; Clear Group’s purchase; LMA’s new board members
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Admiral and Octopus partner for tailored EV insurance model
Admiral Pioneer, Admiral Group’s venture-building arm, has partnered with Octopus Electric Vehicles on an individual EV insurance model estimated to deliver almost £550 in savings for drivers.
Insurance AI adoption offers chance to boost women in tech roles
Laura Drabik, chief evangelist at Guidewire, has argued artificial intelligence implementation in insurance does not have to widen the gap in gender representation, and can actually help close it.
Beazley rejects Zurich’s latest offer
Beazley's board and shareholders have confirmed it has rejected Zurich’s latest offer to buy it outright for around £7.67bn.
Q&A: Tom Hughes, IUA
Tom Hughes, appointed director of underwriting at the International Underwriting Association last year, outlines the company market body’s priorities from an underwriting perspective for 2026.
Watch Admiral and Convex discuss how to maximise AI implementation in insurance
AI is now embedded across insurance technology teams, from development and testing through to security and compliance.
Nat cat insured losses hit $127bn despite 10-year economic loss low
Global insured losses from natural disasters totalled $127bn (£94.4bn) in 2025, according to data from the Aon Climate and Catastrophe insight report
Is Beazley set to reject Zurich in hopes of a better offer?
Analysts have suggested that while Zurich’s public proposal to acquire Beazley for around £7.7bn is attractive, shareholders may feel they can hold out for a higher offer.
Intact launches regional broking proposition
Intact Insurance has launched 'Intact Trading', a regional broking proposition aimed at increasing the visibility of its underwriters.
Allianz backs Wrisk in strategic investment
Allianz Holdings plc has invested in motor embedded insurtech Wrisk as part of its £12m series B funding round.
Lack of tech standards stifles premium finance competition
A “lack of standards” in technology has prevented the UK premium finance market from developing as quickly as others across the world, according to Steve Wallis, European representative for Red Planet Software.
Insurance Museum kicks off £3m fundraising for EC3
The Insurance Museum has launched a major fundraising campaign to realise its ambitions to open a museum in London’s EC3 postcode dedicated to the industry in three years’ time.
Beazley’s share price surges following Zurich bids
Following Zurich’s improved proposal to acquire Beazley for 1280p per share, the cyber insurer’s share price has jumped up by around 44%.