News
AI audio redaction to unlock insurer information sharing
Artificial-intelligence powered redaction is set to unlock increased information sharing and collaboration for insurers, according to Pimloc CEO Simon Randall.
Lloyd’s Tiernan shares his vision for London market
Patrick Tiernan has marked his first day as Lloyd’s CEO with a LinkedIn post, reflecting on his challenging medical journey and his hopes for the future of the London insurance market.
Avantia aims to become first insurer with AI-driven operations
Mark Eastham, CEO of Home Protect and Avantia Group, has revealed how he will secure a place among the nation’s top 10 home insurers by becoming the first provider to have an artificial intelligence-driven operating model.
Liberty and Convex create sight loss internships with IICF
Liberty Specialty Markets and Convex have committed to creating internships for people with sight loss as part of their participation in the Insurance Industry Charitable Foundation sight loss steering group.
ABI’s updated salvage code; CFC’s cyber masterclass; Gallagher’s property MD
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
FCA CEO responds to Which? petition to ‘end the insurance rip-off’
The Financial Conduct Authority’s CEO Nikhil Rathi has responded to Which? CEO Anabel Hoult after the consumer group delivered a petition calling on the regulator to get a stronger grip on a market that isn’t working as intended.
FCA likely to scale back non-financial misconduct guidance
The Financial Conduct Authority is likely to scale back the draft guidance on non-financial misconduct included in its original consultation paper, according to Dentons employment law counsel Sarah Jackman.
Lee Mooney resurfaces at Markel as Galjaard steps down
RSA’s former head of commercial Lee Mooney is to take over as head of UK for Markel, as Neil Galjaard steps down.
Aviva sees uptick in employee volunteering amid UK decline
Aviva has seen a 159% increase in employee volunteer hours in the past two years since it started a place-based approach to social action.
First Central eyes flotation as it looks for ‘new investment base’
First Central is looking at launching an initial public offering as it looks for a new investor base, CEO Michael Lee has told Insurance Post.
Hiscox names Peter Clarke as chair designate
Hiscox has named Peter Clarke as its permanent chair designate, succeeding Jonathan Bloomer who passed away last August.
Q&A: Simon Ball, Embri
Simon Ball, director at Embri, talks to Insurance Post about the potential for embedded insurance to be a disruptor in the industry, as well as the factors enabling and preventing it.
Prestige Underwriting targeting £300m GWP by end of 2026
Prestige Underwriting’s MD Alison Williams has told Insurance Post how she is targeting £300m in GWP by the end of 2026, which includes M&A.
Admiral provides genAI training to 8500 people
Admiral has trained 8500 employees on the use of generative artificial intelligence.
Acrisure UK planning further expansion amid IPO hopes
After rebranding Sutton Winson to Acrisure UK Broking, Acrisure UK CEO Mark McIlquham is planning further regional expansion and acquisitions in service of eventually floating publicly.
Marsh’s data approach; Birkdale sponsors Southport FC; McLarens’ CIO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
RSA ‘needs acquisitions’ to realise growth ambitions
RSA UK and International CEO Ken Norgrove has said the insurer needs to make acquisitions if it is going to reach its ambition of doubling the business by 2030.
DWF and Verisk partner to enhance offering to clients
DWF and Verisk have teamed up to deliver enhanced service offerings and targeted solutions for their shared clients in the insurance industry, Insurance Post can reveal.
Galjaard cautious of history repeating itself with returning competition
While he hopes the market has matured in the last few years, Markel’s managing director for the UK, Neil Galjaard, is hoping brokers “have long memories” of providers that exited markets when things got tough.
MGAA looking at increasing Lloyd’s syndicate membership
Managing General Agents’ Association CEO Mike Keating has revealed he is in discussion with some large Lloyd’s insurers in a bid to bring more syndicates in as members.
Biba attendee seeks justice after payment fraud
A delegate at last week’s British Insurance Brokers’ Association conference is seeking justice after finding out dozens of people used his bank card to pay for their parking.
Acrisure valued at $32bn following Bain Capital-led funding round
US-based Insurtech Acrisure has secured $2.1bn in fundraising from a Bain Capital-led funding round, according to its founder and CEO Greg Williams.
Only 7% of businesses adopt parametric flood insurance
Just 7% of businesses have included a parametric insurance solution in their flood risk financing programme, according to research from Previsico and Airmic.
Ageas to keep Esure and Saga brands
At a time when many heritage brands are on their way out, Ageas UK CEO Ant Middle has told Insurance Post that both the Esure and Saga brands it has bought are to set to stay.