News
James Dalton made redundant by MIB
James Dalton, chief services officer at the Motor Insurers’ Bureau, has been made redundant after a review of its leadership structure, Insurance Post can reveal.
UK only soft spot in Axa’s personal lines pricing growth
Axa Group released its first half of 2024 results this morning (1 August), revealing the UK as the only European personal lines market to report a pricing decline.
Leasehold class action could target up to 20 firms
A class action lawsuit brought to four leaseholders and a Gallagher-owned broker is just the beginning, according to the lawyer orchestrating it.
Brewis leaves FCA for KPMG
Matt Brewis, the Financial Conduct Authority’s director of insurance, is leaving the regulator to join KPMG UK, Insurance Post can exclusively reveal.
Sabre CEO unfazed by drop in GWP
Sabre CEO Geoff Carter has told Insurance Post the provider’s 20% reduction in gross written premium "doesn’t bother us at all," but acknowledged growth is necessary to reach its £80m profit target by 2030.
PL mega-mergers fuelling capacity fears among brokers
Martyn Mathews, managing director at SSP Broker, has said looming mega mergers such as Aviva-DLG and Ageas-Esure are fuelling capacity concerns among motor brokers.
No Way Holmes: Allianz CEO mistaken for The Hulk
Fans of the Marvel Cinematic Universe have mistaken Allianz Holdings CEO Colm Holmes for Bruce Banner, the alter ego of the Incredible Hulk, after his likeness was spotted in photos taken on the set of the latest Spider-Man film.
Compare the Market finds pet owners lack home insurance
Compare the Market has today published research that has found more than half (52%) of pet owners do not have sufficient home insurance.
DynaRisk to grow out global teams following $4.7m fundraise
Cyber insurance risk management and analytics firm DynaRisk has announced a $4.7m (£3.5m) fundraise, led by YFM Equity Partners.
No NatCat respite predicted as property pay-outs increase
Natural catastrophes will not give any respite to insurers in 2025 according to Willis, as UK property pay-outs hit £1.6bn for Q2 2025.
Warning signs re-emerge in motor after poor inflationary reaction
The personal motor insurance market may have returned to profit in 2024 but experts at WTW have warned that doesn’t mean pricing problems are solved.
Storm Éowyn losses creep up again to £650m
Perils has increased its industry loss estimate for Storm Éowyn for a third time from €696m (£592m) to €747m (£650m).
West Ham’s broker partner; Aviva’s enhanced freight liability; Zurich’s CTO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Compare the Market working with Cambridge University on AI
Compare the Market and the University of Cambridge have committed to a long-term academic partnership involving data science and artificial intelligence skill development, Insurance Post can reveal.
Chubb accused of coal underwriting u-turn
Chubb has reportedly reversed its coal underwriting policy by becoming the lead reinsurer for a coal-fired power plant in Vietnam.
DWF and insurers win in personal injury data dispute
A High Court judgment has dismissed claims against DWF Law brought by Ersan and Co Solicitors, reinforcing the rights of insurers and their legal teams to process data in suspected fraudulent personal injury claims.
African insurer to return to the UK as a Lloyd’s Syndicate
African insurer Santam has been granted in principle approval by Lloyd’s to launch a syndicate.
Does the FCA’s premium finance inaction show a lack of ambition?
Briefing: After years of signalling action, the Financial Conduct Authority has finally issued an update on its premium finance market review and while Scott McGee observes the watchdog said surprisingly little, those thinking the regulator is backing…
FCA admits profiteering didn’t push up insurance prices
The Financial Conduct Authority has acknowledged the recent surge in motor insurance premiums was driven primarily by external cost pressures rather than excessive profiteering by insurers.
FCA lays out road map to tackle motor insurance costs
The Financial Conduct Authority has outlined what caused motor insurance costs to skyrocket in recent years and explained the steps the regulator, providers and the government should take to reduce premiums.
MIB pledges to end uninsured driving
The Motor Insurers’ Bureau has committed to ending uninsured driving for good, as part of a new five-year strategy.
AI models threaten to ‘blow apart’ price comparison sites
Artificial intelligence large language models such as ChatGPT are set to “blow apart” price comparison website distribution, according to Stella Insurance CEO Sam White.
Fairer Finance accuses insurers of penalising poorer families
Consumer group Fairer Finance has accused UK car and home insurers of fuelling a “poverty premium” through opaque and data-heavy pricing models that penalise lower-income households.
Monzo’s new cover; Aviva boosts renewables; Laka raises £7.7m
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.