News
Axa and Zego reject generative AI for pricing
Axa and Zego have ruled out using generative artificial intelligence for pricing due to compliance concerns.
What Labour’s Manifesto means for insurers
Labour leader Sir Keir Starmer aimed to woo insurers when he outlined his party’s blueprint for government just before lunchtime today (13 June).
Aviva’s Blanc hits back at Labour’s motor insurance plans
Aviva’s group CEO Amanda Blanc has hit back at Labour’s proposed plans to address motor insurance premiums in the UK, stating that “you don’t need a sledgehammer to crack a nut”.
Allianz on top again in latest Brokerbility satisfaction survey
After topping the survey in 2022, Allianz has once again come out on top of Brokerbility’s latest satisfaction survey of key insurer partners.
AllClear to grow international presence following sale
Chris Rolland, group CEO of AllClear and InsureandGo, has revealed the travel broker’s plans to expand the international business following the sale of owner InsurEvo.
Labour outlines plan to make car insurance prices plummet
Labour has pledged to hand cash to councils to repair up to a million potholes a year in England and announced it will make the regulator crack down on the causes of soaring motor insurance prices.
Sedgwick reveals how carbon neutrality was achieved in the UK
Insurers have approached Sedgwick for guidance on lowering their carbon footprints, after the loss adjusters achieved carbon neutrality in the UK.
Brokers looking to non-standard for opportunity
A survey conducted by Prestige Underwriting has found brokers are looking at the non-standard insurance sector for growth opportunities.
Direct Line’s ex-CEO James speaks out about facing flack
Direct Line’s former CEO Penny James has challenged the ‘flack’ the press directs at female industry leaders.
Saga sells Caravan book; CFC’s fintech cover; Lockton’s head of parametric
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Flood Re’s Andy Bord to stand down as CEO
Andy Bord, CEO of Flood Re, will step down at its annual general meeting in July 2024.
Ogden to replace Taylor as HDI Global UK&I CEO
Stephanie Ogden has been appointed as the CEO of HDI Global UK & Ireland, effective from September 2024.
Admiral offers refunds after overcharging ‘small percentage’ of customers
A percentage of Admiral customers have been issued a refund after the insurer identified an error affecting the premium quoted at renewal.
Markerstudy and Atlanta deal given FCA approval
The merger between Markerstudy and Atlanta, the personal lines broking business of The Ardonagh Group, has been approved by the Financial Conduct Authority.
NSM buys AllClear owner; Axa’s Uefa partnership; Brown & Brown’s UK retail CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Brokers aiming for net zero more than doubles in two years
The proportion of brokers taking steps to achieve net zero has more than doubled in just two years, according to research from Aviva.
Insurance experts propose using IPT to combat premium discrimination
Insurance industry professionals have proposed that the government use insurance premium tax to address the “poverty premium” and “ethnicity penalty” in motor insurance.
Kindertons linked with Markerstudy investor Pollen Street
Private equity house Pollen Street has been tipped to purchase accident management and mobility company Kindertons, after a potential deal with Auxillis’s owner fell through, sources have told Insurance Post.
Tribunal slams ‘connected’ leasehold insurance arrangement
A tribunal has ruled that leaseholders in a block of flats were overcharged by 145% after it had “not been presented with one item of documentary evidence to suggest that the insurance premiums for the building are competitive”.
FCA allows four firms to sell Gap insurance
The Financial Conduct Authority has confirmed that four insurance firms are now permitted to recommence their sales of guaranteed asset protection insurance.
Howden’s purchase; Ecclesiastical’s schemes tool; Hiscox’s schemes head
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Is premium finance still a tax on the poor?
News Editor’s View: Scott McGee considers whether recent steps taken by trade bodies to address premium finance will reassure the Financial Conduct Authority that this payment method is no longer a ‘tax on being poor’ that needs to be tackled.
Insurance veteran running in snap election
Former owner and CEO of Erskine Murray Insurance Brokers, Tom Bartleet, has announced his intention to stand in the upcoming general election as the Liberal Democrat candidate for Suffolk South.