News
FCA CEO promises fewer large-scale changes for insurers
Nikhil Rathi, CEO of the Financial Conduct Authority, has promised to reduce unnecessary regulatory burdens and support growth of the insurance sector, with less large-scale rule changes in the next five years.
Aviva expects mid-2025 completion on DLG deal
As Aviva announces a 57% increase in operating profit for UK & Ireland general insurance, it has given a rough timeline of when it expects to complete the Direct Line Group deal.
Marshberry reveals the top 20 European insurance brokers
Over a quarter of Europe’s largest 20 brokers are UK domiciled with one of those businesses, Howden the second fastest growing intermediary on the continent, according to the latest European Insurance Distribution market report from Marshberry.
Admiral holds climate course as Trump takes office
Admiral Group chief sustainability officer Michelle Leavesley has doubled down on the insurer’s intentions to achieve its transition targets, despite the likely climate rollback in the US due to President Donald Trump coming into office in January 2025.
ABI appoints Phoenix’s Briggs as president
Andy Briggs, CEO of Phoenix Group, pictured, has been named as president for the Association of British Insurers for the next two years, replacing Zurich's Tim Bailey.
CII launches executive MBA in Islamic Insurance
The Chartered Insurance Institute and University of Greater Manchester have launched an Executive MBA in Islamic Insurance and Risk Management.
Court’s judgment will have far-reaching corporate insurance ramifications
The Court of Appeal has handed down its latest judgment in relation to Covid-related business interruption insurance claims, with some of its findings likely to have significant ramifications for commercial lines insurance more broadly.
Thatcham and Elixirr partner; Lockton’s facility; Cowbell joins ABI
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Direct Line dissolves internal incubator as part of cost saving
Direct Line Group has dissolved its ecosystems team, the part of the business that specialises in delivering new products for the group, Insurance Post has learned.
UK pet insurance shifts from sales to process focus
August Von Sydow, chief commercial officer at pet claims automation insurtech Wisentic has said the UK pet insurance market has shifted from being sales-focused to process-focused due to increased adoption.
Motor insurance taskforce ‘still alive’ but ‘needs CPR’
Sources have told Insurance Post that the government's motor insurance taskforce has lost momentum and is “in need of CPR”, but is still alive.
Zurich UK sees 57% jump in P&C profitability for 2024
Zurich UK has this morning revealed it improved its property and casualty profitability in 2024 by 57% compared to the year before, from just a 4% increase in gross written premiums.
Insurers favour internal talent for cyber team growth
Insurance companies are looking to double their cyber teams but are primarily focused on internal hiring, according to Cyber Insurance Academy CEO and co-founder Guy Simkin.
Nigel Walsh reveals next move following Google exit
Nigel Walsh, who revealed he was stepping down as Google Cloud’s global head of insurance, has announced his next move.
Atrium CIO backs AI for broker submission insights
The ability of generative artificial intelligence to provide insight from unstructured data in broker submissions is a key use case for underwriters, according to Atrium chief information officer Justin Emrich, who is soon retiring after 41 years in the…
Direct Line expected to return to profit ahead of Aviva vote
Investment bank Peel Hunt has predicted Direct Line Group will return to profit for the full year 2024, weeks before it is due to release its results and vote on the deal with Aviva.
Over one in four businesses impacted by protests and civil unrest
More than one in four UK businesses were impacted by civil unrest last year, according to research from Gallagher.
Blockchain insurtech wins Norton Rose Fulbright accelerator
Blockchain insurtech Opencover has won £50,000 of investment and legal advice at the Norton Rose Fulbright 2025 Insurathon.
Motor claims payouts near £12bn in 2024
Motor insurers paid out £11.7bn in private car insurance claims in 2024, which the Association of British Insurers said is a record amount since it started collecting this data in 2013.
Premium growth to continue for the next three years
EY has predicted the steady growth of UK non-life premiums for the next three years.
McGill’s green goals; London Market group formed; Aon’s COO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Extinction Rebellion to focus on insurance CEOs in 2025
Extinction Rebellion plans to partake in more direct insurance CEO engagement in 2025 following the perceived success of previous CEO-focused tactics.
ISC Group starts reproductive health forum
ISC Group has launched a reproductive health forum with reproductive health solutions provider Juniper, designed to drive an inclusive culture
RSA bags best underwriting result ‘in over a decade’
RSA made an underwriting profit of £172m last year, according to financial statements published by the insurer’s parent group Intact.