News
WTW adds ex-Lloyd’s digital leader Lou Smith
WTW has appointed Lou Smith as commercial lines data strategy lead in its insurance consulting and technology unit.
Analysis: Covid BI disputes rage on a year after Supreme Court judgment
The final bill for coronavirus-related business interruption claims could yet run much higher than the £1.3bn paid out so far depending on how issues left unanswered are resolved in the months – and possibly years – ahead.
Insurers ask loss adjusters for furlough deduction data as potential litigation looms
Loss adjusters have been asked by insurers to quantify furlough payment-related savings on Covid-19 business interruption claims.
Allianz: cyber usurps BI as biggest risk; Direct Commercial gets PE investment; Ford and ADT reveal JV Canopy; and Tractable launches AI Property
For the record: Post wraps up the major insurance deals, launches and investments of the week.
Lloyd’s adds Miller as commercial director
Dawn Miller has been named Lloyd’s commercial director from the second quarter of this year, joining from Chubb.
Tesco confirms Gary Duggan as permanent chief insurance officer
Tesco Bank has made Gary Duggan its permanent chief insurance officer and CEO of subsidiary Tesco Underwriting.
RSA and QIC face BI group action from hospitality businesses
Law firm Edwin Coe has launched an action group to start proceedings against RSA and Qatar Insurance Company Europe, arguing that businesses are entitled to payouts for lockdowns in 2020 beyond the initial March restrictions.
Hastings Direct adds Mark Cliff as non-exec chair after Peter Blanc departure
Hastings Direct, the broking entity within the Hastings Group, has appointed former Ageas and Brightside leader Mark Cliff as independent non-executive director – chair designate.
Marsh McLennan names Murray chief inclusion and diversity officer
Moreland Murray has been appointed as chief inclusion and diversity officer at Marsh McLennan.
Howden 'the British powerhouse' says CEO as organic growth hits 19%
Howden Group has reported a 48% increase in revenue to £1.15bn and a 50% rise in Ebitda to £335m for the year ended 30 September 2021.
Das compensation in ex-CEO fraud case lowered as insurer’s 'lack of candour' criticised
Das is now set to receive £5.96m rather than £8.28m in compensation from its fraud case against three former senior employees.
Lloyd's-IUA-DXC deal staves off headaches for London market participants
A deal struck between Lloyd’s, the International Underwriting Association and DXC Technology to deliver a processing platform averted a technological split that may have made the London market a less attractive destination for business, IUA chief…
Vote for the Best Insurance Employer 2022
Insurance Post’s Best Insurance Employer research returns in 2022 seeking the views of staff in broking, managing general agent and insurer firms to find out which organisations really go the extra mile for their people.
Lloyd’s COO Jennifer Rigby to depart
Lloyd's chief operations officer Jennifer Rigby is leaving on 21 January with Burkhard Keese taking on the role in a new structure.
Tif Group returns to market after slashing headcount and facing regulatory restrictions
Tif Group has begun selling policies again after 2021 saw it halve its headcount as it faced up to travel restrictions, the loss of its capacity provider and regulatory scrutiny.
Ardonagh Specialty expands cross-class follow-capacity solution to $600m
Ardonagh Specialty has expanded its cross-class follow-capacity solution to include Price Forbes’ property business, Post can reveal.
Inquiry launched into commercial insurance and reinsurance market
The Lords' Industry and Regulators Committee has launched an inquiry into commercial insurance and reinsurance regulation.
Aviva to boost regional underwriting headcount by 10%
Aviva has started a recruitment drive to add at least 40 underwriters working on regional mid-market business, chief distribution officer Gareth Hemming told Post.
Gallagher adds Elliot Miller to lead Scotland, Northern Ireland and the North East of England
Gallagher has appointed Elliot Miller, formerly of CNA Hardy and QBE, as regional managing director for Scotland, Northern Ireland and the North East of England, Post can reveal.
Watch Direct Line, Microsoft and Sas discuss hyperautomation in upcoming Insurance Post webinar
In an upcoming webinar brought to you by Insurance Post in association with Sas, an expert panel will discuss how hyperautomation in insurance will reduce the risk of errors in understanding your risk and improve how to price and market your products to…
Malcolm Hyde to depart CILA after 13 years
Malcolm Hyde, executive director of the Chartered Institute of Loss Adjusters is set to leave the institute in the summer after almost 13 years in the post.
Allianz in regional commercial restructure; GRS extends global reach with adjuster tie-up; Movo buys three; and Tractable strikes two new deals
For the record: Post wraps up the major insurance deals, launches and investments of the week.
PRA flags climate change and silent cyber in Dear CEO letter to insurers
The Prudential Regulation Authority has warned insurers on the need to consider silent cyber exposures and that progress on embedding supervisory expectations on climate change has not been consistent across all firms.
Thingco boss Brockman questions insurers' pricing rules preparations after hitting pause on capital raise
Thingco CEO Mike Brockman has questioned insurers’ preparedness for pricing rules that took effect at the start of the year, after the telematics insurtech hit pause on a capital raise amid uncertainty generated by the regulations.