News
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.
FCA defends decision to ditch insurance CPD
The Financial Conduct Authority has responded to concerns that if it pushes ahead with the proposal to ditch the requirement for 15 hours of continuous professional development a year there could be an uptick in the number of insurance employees lacking…
Zurich targeting 30% SME growth in 2025
Nikki Lidster, head of SME and trading at Zurich UK, has revealed the insurer is targeting 30% GWP growth in its SME business in 2025.
Markel’s Galjaard outlines plan to double the UK business
Markel’s UK managing director Neil Galjaard shared the business has just signed off a growth strategy that aims to double the size of the business by 2030.
Allianz invests £750m in three years amid commercial ‘re-platforming’
Nick Hobbs, chief distribution officer at Allianz Commercial, has told Insurance Post that the insurer has invested three-quarters of a billion in changes in the last three years, including re-platforming its commercial business.
Aviva and CyberCube track cyber attackers’ behaviour
Aviva and CyberCube are using artificial intelligence to map the behaviour of cyber threat actors and identify what businesses could soon be attacked.
Insurance figures richer than The King revealed
Admiral’s founder Henry Engelhardt is now the richest man in insurance, according to this year’s The Sunday Times Rich List.
McLarens aims for net zero by 2050
McLarens has committed to achieving net zero carbon emissions by 2050 in its inaugural ESG Impact Report.
Ardonagh’s rebrand; Google Cloud’s expansion; Insure Your Paws’ product
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Yutree MD optimistic for the future of independent brokers
Laura Hancock, managing director of Yutree Insurance, claimed brokers can have the “best of both worlds” – being financially successful and independent – as she urged independent brokers to not give up.
FCA hopes firms will gain confidence with fewer rules
The Financial Conduct Authority has said how it hopes firms build confidence in their knowledge of customer service and outcomes, as opposed to a “tickbox” exercise again.
DLG deal ‘on course’ and not a distraction for Aviva
Despite the Competitions and Markets Authority opening up a probe into the acquisition, Aviva’s Owen Morris remains confident the deal will still be done in mid-2025.
Extinction Rebellion returns to Biba for third consecutive protest
Extinction Rebellion has targeted the British Insurance Brokers’ Association Conference today (14 May) marking its third year of protest at the conference.
FCA strips back insurance rulebook
The Financial Conduct Authority has kicked off the British Insurance Brokers’ Association’s 2025 conference by outlining plans to ditch what it deems “outdated and duplicated requirements” from its insurance rulebook.
Biba launches question guidance to reduce disclosure disputes
As the industry flocks to Manchester for the British Insurance Brokers’ Association conference, the trade body has launched cross industry guidance aimed at reducing disclosure misunderstandings.
Rising mobile phone attachment drives SquareTrade product expansion
SquareTrade is developing products over the next two years to address the coming shift in the nature of mobile phone protection, and plans to announce developments over the next six to 12 months.
Insurance industry’s most powerful players revealed
Making multi-billion-pound takeover bids for rivals and challenging political posturing is what it took to secure the top spots on Insurance Post’s 2025 Power List.
Broadway appoints ex-Bollington CEO as a director
Paul Moors, former CEO of Bollington Insurance Brokers, has been appointed as a director at Broadway Insurance Partners.
Sedgwick launches L&D service for insurance clients
Sedgwick has this morning (12 May) launched a new unit of the business, offering learning and development solutions to insurance and corporate clients across the UK, Insurance Post can reveal.
NordVPN’s cyber cover; DCL’s truck product; Consilium’s claims chief
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Moped driver found to be fundamentally dishonest
A moped driver has been ordered to pay £25,000 after dashcam footage revealed that a personal injury claim made following a road traffic accident was fundamentally dishonest.
Konsileo could raise more funds as it looks to ramp up recruitment
Konsileo CEO and founder John Warburton has told Insurance Post the broker could look to raise more funds to achieve its recruitment targets over the next two years.