News
Saga holds off sale of insurance arm
Saga has announced that it is pausing its pursuit of a sale of the insurance business as it waits for improved market conditions.
Flock raids industry in flurry of exec hires
Insurance Post can reveal that commercial motor fleet insurtech Flock has completed a series of senior hires, taking top executives from multiple insurers, including Hiscox and Mulsanne.
Lloyd’s accused of ‘fanning the flames’ of the climate crisis
Campaign group Mothers Rise Up attended Lloyd’s of London investor autumn conference last week to halt investment in any Lloyd's insurers that continue to underwrite new fossil fuels.
FCA outlines plan to make insurance more inclusive
The Financial Conduct Authority and the Prudential Regulation Authority has finally published plans to make the insurance industry more diverse and weed out bullies and harassers.
Insurers need to become ‘prognosticators’ in times of change
The sector has been urged to stay ahead of future developments, as the top trends forcing insurers to change pace are revealed.
Eight out of 10 claims handlers have dealt with a distressing case
Four out of five claims handlers have suffered second-hand trauma from dealing with distressing claims, such as fatal fires, according to research undertaken by the Chartered Insurance Institute’s New Generation group.
LMA launches ESG Academy; Brown & Brown's latest deal; MS Amlin appoints CFO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
R&Q nearing sale of Accredited to Onex
R&Q Insurance Holdings has issued a statement confirming it is in advanced talks with Onex Group for the sale of its Accredited business.
Insurers urged to rethink approach to alcohol
While Raymond Silverstein, partner at Browne Jacobson, observed that the industry “doesn’t employ Russell Brand” – he feels bosses do need to rethink the approach they take to encouraging the sector to socialise.
Collaboration needed on climate resilience as UK must ‘get used to’ floods
Collaboration is the key to improving climate resilience, according to a panel of experts at the Chartered Insurance Institute’s Shaping the Future of Insurance conference.
A-Plan to be replaced by Howden on high streets
The A-Plan brand is to disappear from 100 branches across the UK, replaced by the Howden brand.
Parametric elements could become part of the basic make up of an insurance policy
With customer expectations increasing, and speed of settlement becoming more and more of a priority, the Chartered Insurance Institute’s Matthew Connell and Altus’s Patrick Hayward believe some parametric elements could become part of the basic make-up…
Q&A: Katherine Conway, Aon
Ahead of Dive In’s ninth festival, Katherine Conway, global inclusion lead at Aon, speaks to Frances Stebbing about how she got involved with the initiative and what to expect from this year’s event.
Are the City’s insurers struggling to stay sober?
Analysis: Frances Stebbing explores how the City of London’s drinking culture has been challenged and whether the sector finally recognises it needs to allow people the option to wake up as fresh as a daisy if it wants to attract and retain fresh talent.
Booze blamed for third of insurance employees facing prejudice
More than a third (37%) of insurance workers have seen sexist, racist, homophobic, ableist and ageist behaviour or heard discriminatory language in the workplace, according to a University of Nottingham study.
Markerstudy to use tough PL market to fuel further growth
Following its merger with Atlanta Group, Markerstudy Group said the current squeeze of the personal lines market, and the added pressure of more strict regulation, presents an opportunity to grow the business further both organically and through…
Three technological leaps that could destroy insurers
Artificial intelligence, genetic scissors, and brain-machine interface were identified by CFC as the top emerging technology trends insurers insurers need to prepare for if they want to be Netflix rather than Blockbuster.
Aviva exits Singlife joint venture; Clearspeed and PWC partner; Cila elects president
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Ardonagh and Markerstudy’s £1.2bn merger confirmed
The Ardonagh Group and Markerstudy Group have agreed a merger between Markerstudy and Atlanta Group, Ardonagh’s personal lines broking business, to create a “major new player” in the UK insurance market.
Vitality drops out of car insurance market after just two years
Vitality has dropped out of the personal lines motor market after just two years, announcing that it is “no longer offering new car insurance policies,” Insurance Post can reveal.
Heather Smith’s exit sees further changes at top of Allianz
Allianz has named Henry Topham as the new managing director of its UK retail business, following the news Heather Smith will be leaving to head up Axa Health.
By Miles co-founder reveals next project
By Miles co-founder Callum Rimmer has unveiled his latest start-up aimed at tackling “slow” and “expensive” pricing software issues that plague the insurance industry.
PI discount rate consultation closes ahead of 2024 review
The Ministry of Justice’s consultation into establishing a dual/multiple PI discount rate closed yesterday, with the final decision to be made in July 2024.
Three insurance industry challenges for Gen Z to fix
Use artificial intelligence as an assistant, don’t let inclusion be a tick box exercise, and shape your company’s climate change efforts was the advice to Generation Z who attended iCan’s Elevate conference last week.