News
BPL to launch reinsurance division
Credit and political risk broker BPL is set to launch a dedicated reinsurance division, BPL Re, Insurance Post can reveal.
Q&A: Fiona Marry, Bridgehaven
Fiona Marry, recently appointed European chief executive of Bridgehaven, tells Insurance Post about the company’s international expansion plans and what sets the hybrid model apart.
Tom Needs to leave Applied Systems
Applied Systems Europe CEO Tom Needs is leaving the tech provider at the end of June, with Dave Chapman being named managing director and leading the company moving forward.
Insurers must take ‘vital’ action after climate change report
Insurers have said the industry must take “vital actions” as a government report says the UK should adopt maximum temperature rules among other changes.
Howden launches Web3 risk ecosystem
The broking group has expanded its crypto theft insurance product, bringing together specialist vendors across pre-emptive risk management and post-incident recovery.
Lloyd’s culture head Lomas to exit
Mark Lomas, head of culture at Lloyd’s, is to leave the London Market after four years in the role.
Markel restructures UK business ‘to facilitate growth’
Markel UK has named divisional director of broker, Jo Sykes, as divisional director for commercial lines as part of a restructure of its services division, Insurance Post can reveal.
FCA issues ghost broker warning to young drivers
The Financial Conduct Authority has warned 17 to 25-year-olds about fake car insurance, after research found 49% of young drivers have bought policies through social media.
Ombudsman strengthens approach to vulnerability
The Financial Ombudsman Service is strengthening its approach to vulnerability, and how it supports people where the impact of a financial dispute may be especially severe.
Millions of drivers ‘gambling’ with reduced cover to cut costs
One in seven motor insurance policyholders have cut back on their level of cover over the past two years, according to new analysis, pointing to millions of drivers ‘gambling’ with reduced protection.
QBE sounds alarm over supplier AI cyber exposures
QBE has warned UK businesses could be leaving themselves exposed to supply chain cyber-attacks, with only 28% of companies auditing their third-party suppliers’ artificial intelligence systems despite growing concern over the risks.
Insurance Charity CEO plans overhaul to ‘give more away’
The Insurance Charity is preparing a major overhaul of its strategy, systems and support services as CEO Helen Sanson looks to “give more money away” and broaden the organisation’s relevance across the insurance sector.
Zurich promises to protect employee rights in AI age
Zurich UK has signed a first-of-its-kind artificial intelligence charter to protect employee rights while using the technology responsibly.
Fenchurch Law warns of rise in data centre cover disputes
With claims falling under both property and cyber policies, policyholders risk being left without the right cover due to exclusion clauses, according to Fenchurch Law.
Ageas the latest to move into pet insurance
After refusing to rule out a product in the future, Insurance Post can reveal Ageas UK has started the process of entering pet insurance.
Ex-FCA expert backs AI to read emails for misconduct
Insurers are likely to ramp up their internal communications monitoring by using artificial intelligence to ‘read’ and understand emails, calls and texts in order to comply with the incoming non-financial misconduct rules, according to a former regulator.
Hiscox’s share price surges following Intact interest
Hiscox’s share price surged on Friday (15 May) following Insurance Post’s report that Intact was considering a potential acquisition.
Gallagher warns cyber-related litigation likely to increase
Cyber-attacks cost large businesses in the UK an estimated £11.7bn in 2025, according to research from Gallagher and the Centre for Economics and Business Research.
Co-op Insurance managing director Offord exits
Seven years on from being made managing director of Co-op Insurance and tasked with raising the provider from the ashes, Insurance Post can reveal Charles Offord is exiting the business.
Intact’s Norgrove highlights ‘values’ when rebranding
Intact Insurance UK and international CEO Ken Norgrove has shared his insights with brokers on four key rebranding elements with ‘values, values, values’ top of the list in his experience having taken the provider on the journey.
BSpoke’s trading capability; Intact's extension; Ascend's M&A head
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Intact exploring Hiscox acquisition
Multiple sources have told Insurance Post that Intact is exploring a potential bid for Hiscox as it tries to build out its commercial lines business.
Go Compare unveils ChatGPT app
Go Compare has launched a ChatGPT app for its car, van and home insurance price comparison services.
Aviva restructures HNW team following departures
Ann Owen, managing director for Aviva Private Clients has told Insurance Post that, following the departure of three members, they will not be replaced on a like-for-like basis.