News
Aventum Group pledges $12m to bring tech entirely in-house
Aventum is committing a $12m (£9.8m) investment in technology over two years to create a proprietary tech function entirely inhouse across all global operations.
PRA CEO tells Starmer his main focus is stability
Sam Woods, CEO of the Prudential Regulation Authority, has written to prime minister Keir Starmer promising to support the Labour government’s growth goal.
EY steps away from Direct Line following Aviva deal
Insurance Post understands EY has stepped down as service provider for Direct Line Group as a result of the deal with Aviva.
FCA CEO promises focus on growth in letter to prime minister
CEO of the Financial Conduct Authority, Nikhil Rathi, has written to prime minister Keir Starmer promising growth will be a “cornerstone” of the regulator’s strategy through to 2030.
Acorn acquires MyPolicy; Sedgwick’s repairs initiative; Bridgehaven’s head of claims
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Cila President outlines plan to avoid future FOS roastings
Adam Humphrey, president of the Chartered Institute of Loss Adjusters, has revealed changes at the professional body that should prevent the Financial Ombudsman Service criticising the sector again.
New City minister promises Labour will unlock broker potential
Less than 24 hours after replacing Tulip Siddiq as City minister, the new holder of the post Emma Reynolds has promised to partner with brokers to help them achieve growth.
Which? argues insurers aren’t meeting Consumer Duty requirements
Which? is calling for the Financial Conduct Authority to crack down on bad practices from insurers, following research revealing the struggles people face when choosing insurance policies.
City minister Siddiq is replaced by Reynolds
Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.
Lloyd’s broker CEO under investigation for sexual misconduct
Insurance Post understands the CEO of a Lloyd’s broker is under investigation for sexual misconduct and drug use, among other things.
Aviva accused of ‘greenwashing’ by campaigners over tree removal
Aviva has drawn criticism from the residents of Wivenhoe, Essex, over plans to chop down a 120-year-old oak tree to tackle nearby subsidence.
Eddie Longworth named e2e CEO
Eddie Longworth, founder and director of JEL Consulting, has been named CEO of e2e Total Loss Vehicle Management.
IS2 more than doubles revenue in three years
In 2024, IS2 has reported a 50% growth in revenue compared with the previous year, contributing to the firm growing revenue by 125% since 2021.
Impact of LA wildfires on insurers laid bare
As insurers brace for billions of dollars of losses due to the damage done by the Los Angeles wildfires, experts have warned it could take years to rebuild the homes of Hollywood stars.
QuestGates buys Brownsword; Woodgate & Clark integration; Vitality’s health CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Hiscox CEO Hussain reveals plan to rollout AI underwriting
Aki Hussain, CEO of Hiscox Group, has said to thrive in 2025 insurers should “think the unthinkable” about their business models and revealed his plans to roll-out artificial intelligence augmented underwriting.
Climate activists target Marsh’s Manchester office
Climate protesters entered the lobby of Marsh’s Manchester office on Wednesday (8 January) calling on the firm to reject fossil fuel projects and become “climate heroes”.
Regulator aims to make it easier for insurers to invest
The Prudential Regulation Authority is proposing to make it easier for insurers to invest within their matching adjustment portfolios, according to CEO Sam Woods.
Q&A: Dan Bratshpis, Inshur
Dan Bratships, CEO and co-founder of Inshur discusses the insurtech’s latest funding round, growth plans and the lessons he has learnt while building the company.
Motor insurance premiums down 16% year on year
The latest General Insurance Price Index from Pearson Ham Group for Q4 2024 has highlighted a sharp decline in motor insurance premiums, as well as the first reduction in home premiums for a while.
Direct Line adds to top team after accepting Aviva bid
Direct Line Group has confirmed three appointments to its executive committee, shortly after reaching an agreement for Aviva to buy the business for £3.7bn.