News
Probitas rebrands; Benefact x parkrun; Allianz’s CEOs
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Beazley’s Cox exits as Zurich completes £8bn takeover
Adrian Cox is leaving Beazley as Zurich completes its £8bn acquisition of the specialty insurer.
Biba flood scheme pays £9m in claims over first decade
A specialist commercial flood insurance scheme from the British Insurance Brokers’ Association and Mi Specialty has paid more than £9m in claims to businesses over its first decade, with the scheme now covering £600m of assets.
FCA’s Knight insists CPD changes are not a relaxation
The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.
Aviva’s Blanc urges CII to ‘stay relevant’ amid AI boom
Aviva Group CEO Amanda Blanc has urged the Chartered Insurance Institute to lean into the “extraordinary opportunity” but stave off the real “threat of irrelevance” it faces as artificial intelligence continues to change the way the industry operates.
Covéa's Crabb joins Commercial Express to lead schemes launch
After departing Covéa, Nicki Crabb has joined Commercial Express to head up its newly launched delegated authority schemes division.
CII CEO raises concerns over AI and entry-level insurance roles
Matthew Hill, CEO of the Chartered Insurance Institute, has warned that the automation of entry-level tasks could change how future insurance professionals develop their skills and judgement.
Sky Protect faces continued losses
Sky UK’s insurance arm has reported continued losses in 2025.
Insurers adapting windscreen cover prompts Defaqto ratings review
Insurers are changing the way they handle windscreen cover as more advanced technologies prompt new ways of thinking, according to Mike Powell, insight analyst for general insurance at Defaqto.
Wakam SA banned from renewals and new contracts
Wakam SA, the French and European arm of the insurtech has been banned from underwriting new contracts and renewing existing by the French Prudential Supervision and Resolution Authority.
First Central confirms job loss total amid strategic reshuffle
First Central has confirmed the number of job losses as part of a strategic reshuffle revealed by Post last year.
UK pet insurance should adopt Swedish models to simplify claims
The Swedish pet insurance model could help streamline the UK claims process through the adoption of AI and automated claims handling, according to Wisentic Pets managing director Garry Nelson.
Scottish broker awaiting embezzlement trial
The Financial Conduct Authority has secured a bankruptcy order against Arthur Temlett, trading as Abacus Insurance Consultants.
LNRS calls for increased subsidence focus post-flooding
Climate-change induced flash flooding is likely to lead to severe subsidence, which must be tackled at a “granular level” by insurers said Lexis Nexis Risk Solution's senior product manager Caroline Elliott-Grey.
Ex-Intact counter fraud director Sumner launches consultancy
Adele Sumner, former director of counter fraud and financial crime at Intact Insurance, has announced the launch of Sumner Fraud Consulting.
Insurance to have its first successive City of London Mayor
The insurance industry is to set have its first consecutive City of London Corporation Mayor as the previous alderman withdraws from the process due to unrelated criminal proceedings with his former employer.
Insurers must remain accountable for AI advances
Insurers need to remain accountable when using technological advances to ensure that they do not diminish the decision-making process, according to the latest Dive In session.
Axa ‘spoofed’ in global fake adverts by climate activists
Boycott Bloody Insurance activists have unveiled a global campaign of spoof adverts targeting Axa as the activists say the insurer should not insure fossil-fuel expansion in the Coral Triangle.
Dive In closes with warning AI poses risk to gender equality
Women need to be entrepreneurial with artificial intelligence and use the technology without fear to ensure progress on gender equality is not reversed, according to AI Governance Limited founding director Sue Turner.
Beazley’s cyber expansion; Bishop Street’s restructure; OpenGI’s CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers warned to prepare for wave of ‘AI-assisted grievances’
Insurance leaders have been warned to brace for a growing wave of AI-drafted workplace grievances, as staff increasingly use AI tools to escalate workplace disputes.
Panellists defend industry as protesters once again ‘gatecrash’ Dive In
Aviva’s AI engagement manager Michael Stone and Aon’s global head of early careers, Claire Hollingsworth, discussed how the industry needs to adapt diversity in insurance, on a Dive In panel that was once again disrupted by protesters.
Empower’s Lydon on how to build your career network
Sam Lydon, managing director of Empower Development, kicked off the final day of Lloyd’s Dive In festival today (24 September) by explaining how to build a network to progress your career in insurance.
Everest’s Bond says support is needed as AI saves employees’ time
Insurance workers need to be provided with clear opportunities as AI saves them time by executing tasks more efficiently, said Everest Insurance’s head of accident and health Lisa Bond.