News
Allianz cutting 650 UK insurance jobs
Allianz has confirmed plans to cut 650 jobs in its UK insurance business.
NFU Mutual CIO predicts AI decision-making within decade
NFU Mutual chief information officer Tim Mann has argued that artificial intelligence will be making decisions in underwriting, claims and pricing within the next 10 years.
Changing nature of cyber threat leads to ‘brittle’ risk landscape
Beazley’s group chief underwriting officer, Paul Bantick, has said the cyber pricing environment is at a “pivotal stage”, describing it as “brittle” due to the changing threat landscape.
LMA chief calls for international collaboration to cover large losses
Sheila Cameron, CEO of the Lloyd’s Market Association, has called for the industry and global government bodies to collaborate more in order to fill the protection gap currently present for large, catastrophic risks.
Insurers exposed for pricing bias over payment preference
Some insurers and brokers on price comparison websites are inflating motor premiums based solely on whether a customer indicates a preference for paying monthly instead of annually, an investigation by Insurance Post has revealed.
Lloyd’s chair reveals how he’ll measure market’s success
Sir Charles Roxburgh, chair of Lloyd’s, has addressed concerns the London market is losing ground to Bermuda and shared how he will measure whether Lime Street is still the pre-eminent place in the world to write risk.
Axa is winning race to adopt AI at scale
Axa has emerged as the global front-runner in artificial intelligence adoption, according to the inaugural Evident AI Index for Insurance.
Axa offers domestic abuse support to motor and home customers
Axa Retail has partnered with two charities, Women’s Aid and Smart Works, to offer support for Axa car and home insurance customers in the UK who are experiencing domestic abuse.
Insurers seek alternative subsidence solutions to avoid backlash
Insurers are looking for alternative subsidence solutions to avoid “damaging headlines”, according to Innovation Group managing director John Watson.
Research shows insurer exclusions are forcing coal mine closures
A study by researchers at the University of Zurich and the Swiss Finance Institute has found there is a “significant and sustained” increase in the likelihood that a mine is abandoned following insurer exclusion policy adoption.
Markerstudy’s Williams claims stakeholder pressure key to sustainability push
Insurance firms will need stakeholder requests to pursue sustainability certifications, according to Markerstudy group head of sustainable business strategy Tom Williams.
FCA and PRA greenlight Aviva’s Direct Line takeover
The Financial Conduct Authority and the Prudential Regulation Authority have both given the go ahead for Aviva’s £3.7bn acquisition of Direct Line Group.
Two thirds of insurers optimistic over UK economy
Two thirds (67%) of insurers are optimistic about the state of the UK economy over the next five years, a survey by Lloyds Bank has revealed.
Matthew Doughty appointed DWF CEO as Knowles retires
Matthew Doughty, CEO of DWF’s Insurance Services division has been appointed CEO-elect by the board of directors.
Air India crash claim could reach around £150m
The fatal crash of Air India flight AI171 on Thursday (12 June) is expected to cost the insurance industry more than $200m (£147.2m), more than the direct written premium for aviation in India, according to analysts GlobalData.
David Howden awarded CBE in King’s Birthday Honours list
Howden founder and CEO, David Howden, has been honoured in King Charles’ Birthday Honours list.
Court deems credit hire companies liable for costs
In what has been labelled a “landmark victory for insurers,” the Court of Appeal has given definitive guidance that credit hire organisations are responsible for the costs of unsuccessful litigation.
Allianz makes £200k saving after butchered claim
Allianz has saved £200,000 after a complex injury claim was dropped due to the discovery of contradictory surveillance footage and social media evidence.
Weightman’s AI tool; Markel’s insurtech product; NFL player promoted
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Former Lockton CEO Nimmo exits retirement to join SRG
Specialist Risk Group has hired former Lockton CEO Neil Nimmo as CEO for the UK.
ManyPets overhauls product range
ManyPets has unveiled an entirely new range of insurance, which the provider says is its “biggest change to insurance plans since it launched pet insurance in 2017”.
Dive In 2025 pushes belonging to the top of insurance’s agenda
Lloyd’s festival for talent and culture, Dive In, returns from 16 to 18 September 2025, rallying the industry around the theme: “Belonging builds tomorrow”.
Applied Systems significantly scales back UK operations
Applied Systems has confirmed the move to pull back its UK operations, by removing its Epic product from the market.
Extinction Rebellion demands RFU drop Allianz sponsorship
Extinction Rebellion has called on the Rugby Football Union to drop Allianz’s sponsorship of Twickenham Stadium due to its provision of insurance for fossil fuels.