News
Insurers question climate protest group claims
Claims made by the Boycott Bloody Insurance group against insurers such as Allianz, Axa, Aviva, Zurich and Intact have been called into question by several of the providers named.
Admiral Group to sell another US entity
Admiral Group has agreed to sell its US motor insurance business to JC Flowers & Co for an undisclosed cash consideration.
Brown & Brown buys broker; Crif and Crawford collab, Atec hire
Weekly Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Ecclesiastical ‘courting’ MGAs to offer capacity
Dave Carey, managing director of intermediary at Ecclesiastical, has revealed the new lines the insurer intends to enter, and how it will need to provide capacity to MGAs to double gross written premium by 2030.
Q&A: Dave Connors, Distribind
Dave Connors, CEO and founder of Distribind, speaks to Insurance Post about the insurtech’s goal of “curing the insurance industry of its spreadsheet addiction”. He highlights some of the limitations of this goal and how flexibility is the key to…
Gallagher poised to snap up PIB
A deal that would see Gallagher buying PIB Group is imminent, multiple market sources have told Insurance Post.
How Trump’s tariffs shook up insurers’ investment books
Darren Bustin, global head of solutions capabilities and insurance solutions at Schroders, has revealed how regulatory changes, Labour’s growth agenda plus US President Donald Trump’s trade tariffs have impacted general insurers’ investment books.
Marshmallow valued at $2bn after $90m raise
Marshmallow has raised $90m (£68.1m) of funding, putting the firm at a valuation of over $2bn (£1.5bn).
Markerstudy not exhibiting at Biba this year
Markerstudy has decided against exhibiting at the British Insurance Brokers’ Association conference this year.
RSA confirms plans for Intact rebrand
RSA Insurance has today confirmed it will rebrand and change its trading name to Intact Insurance by the end of 2025.
Ageas strikes deal for Esure
Ageas has agreed a deal with Bain Capital to acquire Esure for £1.3bn.
Addept’s legal expenses suite; Allianz’s sports fund; Admiral Money’s CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Brokers struggle with AI as digital basics found lacking
Insurance brokers are falling behind in artificial intelligence implementation due to limited digital readiness, according to Paul Kershaw, UK enterprise sales manager at Novidea.
BCG reveals how top insurers use AI for competitive edge
Boston Consulting Group has identified the ways “forward-thinking” insurers are using artificial intelligence in underwriting, claims, sales, customer service and IT to gain a quantifiable competitive advantage.
Insurers cover APR cuts by increasing instalment costs
Consumer Intelligence has uncovered evidence that insurers are reducing their advertised annual percentage rate for premium finance without reducing the actual cost of paying for home and motor insurance in instalments.
Brokers increasingly looking at digital automation and AI
Brokers are increasingly interested in harnessing the digital and automated processes to improve customer service and gain a competitive advantage.
Rachel Lam named interim ombudsman MD
Rachel Lam is now interim managing ombudsman director of the Financial Ombudsman Service, as Jenny Simmonds and James Dipple-Johnstone temporarily step into the shoes of Abby Thomas.
Covéa finally swings back to profit
Covéa Insurance has swung from an £87.3m loss in 2023 to posting a £32.9m profit for 2024.
Four more brokers try to increase fees
After Aon tried to increase its insurance service brokerage rate to 5% last year, it is now understood four more large brokers are trying to do the same.
Saga losses deepen as board members depart
Saga has reported a loss before tax of £160.2m for year ending 31 January 2025, increasing its losses by almost a third compared to the year before.
FCA prioritises innovation and fighting crime in latest strategy
The Financial Conduct Authority has this morning (8 April) set out its latest work program for the 2025/26 period.
PRA launches consultation to help insurers rapidly invest
The Prudential Regulation Authority has outlined plans for a matching adjustment investment accelerator to reduce the barriers to rapid investment insurance firms face.
Aviva and Axa hit back at claims made by Which?
Aviva and Axa have refuted claims by Which? that their “potentially unfair definitions of storms and floods” are being used to reject claims made by customers who have had their property damaged.
California scheming costs fraudster £60k
A man has been sentenced for making an insurance claim worth £59,987, after he pretended he crashed a hire car while on holiday in California.