News
Urban Jungle posts £6.2m loss for 2024
Urban Jungle has reported a £6.2m loss for the year ending 30 September 2024.
Owen Morris named personal lines CEO as Aviva completes DLG deal
Owen Morris has been appointed CEO of Aviva’s UK personal lines business, as the insurer completes its £3.7bn deal to bring in Direct Line Group.
CMA clears Aviva’s £3.7bn takeover of DLG
The Competition and Markets Authority (CMA) today (1 July) approved Aviva’s £3.7bn takeover of Direct Line Group.
Cut-price car insurance after haggling raises fair value doubts
A large number of consumers achieved reductions in motor insurance premiums by haggling with their insurers, a survey from consumer group Which? has shown.
Ardonagh gets $2.5bn cash injection from Stone Point
The Ardonagh Group has secured a $2.5bn (£1.8bn) equity investment from a US-based private equity firm Stone Point Capital, a deal which was first reported earlier this year.
Court blasts Zurich’s ‘extraordinary’ behaviour
A High Court judge has slammed Zurich for its handling of a high-net-worth home insurance claim and ordered the insurer to pay almost £90,000 in costs.
Extinction Rebellion's Steve Tooze departs
XR spokesperson and media co-ordinator for its Insure Our Survival campaign, Steve Tooze, has left to work on other climate projects
Lloyd’s hails US repeal as win for insurance
Lloyd’s has welcomed the US decision to repeal Section 899 from the reconciliation bill, claiming the move is a boost for international insurers operating in the American market.
Zurich to deploy agentic AI property claims system
Zurich Group is set to take its agentic artificial intelligence application for property claims into production later this year.
Cuvva triples profit to £12.8m
Cuvva has more than tripled its adjusted profit from £3.8m in 2023 to £12.8m in 2024, according to its financial accounts filed on Companies House on 26 June.
Gang of eight convicted after ‘largest’ nuisance call case
Eight men have been convicted of unlawfully accessing and obtaining one million people’s personal information from vehicle repair garages to generate potential leads for personal injury claims.
Aviva’s GCS proposition; Aon’s co-pilot; Ecclesiastical’s finance director
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Heatwave could prove ‘tipping point’ for subsidence claims
Claims Consortium Group has warned that UK is heading for a surge in subsidence claims this summer, if the present warm and dry weather continues.
How Applied’s Epic exit is causing rivals to gear up to capture business
With Applied withdrawing Epic from the UK, what are the options now for its broker customers?
Carl Shuker steps down as Howden UK and Ireland CEO
Robert Kennedy has been appointed CEO of Howden UK and Ireland, replacing Carl Shuker, who is taking the role of deputy chairman.
Clearspeed raises $60m for ‘high growth’
Clearspeed has raised $60m (£44m) in series D funding, bringing the company’s total funding to $110m.
Policy Expert’s profit skyrockets 500%
Policy Expert has today (25 June) released its financial results for the 12 months ending 31 March 2025, reporting an increase in pre-tax profit of more than 500%.
Students warn class barriers remain despite insurance diversity push
Students from the Sixth Form College Farnborough have shared that while diverse early careers programmes are helpful, certain barriers to gaining insurance careers persist due to classism.
Direct Line leader exodus continues ahead of Aviva deal
Insurance Post can reveal that more members of Direct Line Group's leadership team are set to leave the business ahead of the firm’s move over to Aviva next week.
Direct Line’s Winslow and Poole to step down
Adam Winslow and Jane Poole will both step down from their roles once Aviva completes its acquisition of Direct Line Group.
First Central appoints ex-Endsleigh CEO as NED
Former Endsleigh CEO Alison Meckiffe has joined First Central as an independent non-executive director as talks around a flotation pick-up speed.
McGill’s battery cover; Aviva’s mid-market enhancement; Kennedy’s COO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Marine insurance costs increase amidst Israel-Iran conflict
As a result of the Israel-Iran conflict marine insurers are now charging 0.2% of the value of a ship for journeys into the Gulf, according to data from insurance broker Marsh McLennan.
Zego CEO chooses New York over London for future IPO plans
Zego CEO Sten Saar has confirmed that if he were to choose a location for an IPO today, he would opt for the New York Stock Exchange over London.