News
Claims volumes surge as a result of Storm Arwen
Insurers have received thousands of claims as Storm Arwen brought 98 miles per hour winds causing power cuts and travel disruption across the UK.
MCE CEO Edwards pledges legal action against Gibraltar regulator
MCE Insurance CEO Julian Edwards has pledged legal action against the Gibraltar Financial Services Commission following the appointment of administrators at MCE’s Gibraltar-based insurer.
FCA streamlines decision making process to prevent consumer harm
As part of its transformation to become a more innovative and assertive regulator, the Financial Conduct Authority has confirmed more decisions will be taken by its senior managers than by the Regulatory Decisions Committee.
Jaime Swindle moves to Geo as Scott Bennett steps up at Bravo Networks
Jaime Swindle is joining the leadership team at Geo Underwriting with Scott Bennett taking up the post of managing director of Bravo Networks, Ardonagh has confirmed.
Stephanie Smith to step down as Allianz COO
Allianz’s UK chief operating officer Stephanie Smith will step down at the end of the year “to pursue fresh opportunities” after six years in the position.
Gibraltar regulator denies accusations made against it by MCE
The Gibraltar Financial Services Commission has denied accusations made against it by MCE Insurance earlier this week in the wake of MCE’s Gibraltar-based insurer being put into administration.
Zurich launches 'industry first' resilient property drive; Alan & Thomas acquires Aquilla; two Lloyd's syndicates approved; and Aviva reports uptick in commitments to net zero target
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Zurich to make up to £25m voluntary contribution in East West administration
Zurich will pay up to £25m to help policyholders of structural defects specialist East West Insurance Company, the insurer and administrators Ernst & Young have confirmed.
Policy Expert owner Qmetric names Sanchit Suri as CEO
Qmetric has appointed Sanchit Suri as CEO to take the reins from co-founder Tony Deacon who has retired, Post can reveal.
FOS business interruption uphold rate drops to 11%
The Financial Ombudsman Service upheld 11% of business interruption insurance cases between July and September this year, according to its latest figures.
Birketts’ Gavin Coull elected London Foil president
Reinsurance partner at Birketts Gavin Coull has been appointed president of London’s Forum of Insurance Lawyers.
RSA boosts family friendly policies for staff
RSA has unveiled changes to its maternity & adoption, paternity leave and shared parental leave policies to come into effect from January.
MCE claims recovery proposals for Gibraltar insurer were declined by regulator
MCE Insurance has alleged that it tabled proposals to “immediately meet any shortfall” in the capital requirements of its Gibraltar-based insurer but these were declined by the Gibraltar Financial Services Commission ahead of the provider's collapse last…
'Data arms race' to drive platform-traded future for commercial and specialty: CFC's Walsh
Structured data that recognises the particular niche an insured is operating in will be a key determiner in an “arms race” changing the way commercial lines products are traded, CFC Underwriting executives have told Post.
Gallagher appoints chief broking officer
Gallagher has appointed a new market management director from Aon, with incumbent Ron Hayes stepping into the chief broking officer role.
DLG business swerves watchdog censure over ‘thank truck’ parody ad
Breakdown cover provider Green Flag, part of Direct Line Group, has been cleared on two counts by the advertising watchdog after its 'colourful' language parody advert drew complaints.
Former A2I leader Timpson named Grief Chat ambassador
Johnny Timpson, ex Cabinet Office disability and access champion for insurance, has become financial services sector ambassador for Grief Chat.
Watch Marsh, Axa and Willis discuss how technology can help you keep up with the pace of change expected by today’s insurance customers?
Customer are more demanding and expectant than ever. Fuelled by the increased digitalization of their daily lives, consumers expect products and services that are both tailored to their needs and delivered at speed. And just because they bought something…
Axa UK hires commercial COO from outside insurance
Axa UK has named Ursula Wyman, an insurance outsider, as commercial chief operating officer.
Analysis: Covid-19's lasting impact on cover for other diseases
Brokers are concerned that the availability of cover for historically insurable diseases may not return to pre-pandemic levels, having been much reduced as a result of exclusions written into policies.
Aon names Jillian Slyfield chief innovation officer
Jillian Slyfield has been appointed Aon chief innovation officer, based in San Francisco.
Competition watchdog clears Gallagher/Willis Re deal
The Competition and Markets Authority has given the green light to the merger between Gallagher and Willis Towers Watson’s treaty reinsurance business.
Pool Re CEO Julian Enoizi to step down
Julian Enoizi will step down as Pool Re CEO in the spring of 2022 after leading the mutual for eight years.
HDI in London market launch; Marsh teams up with Pedalsure; Zurich UK bolsters healthcare offering and BMS in Tysers swoop
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.