News
Lloyd’s urges ‘laser focus’ on COR as Tiernan teases strategy refresh
Lloyd’s executives have urged market participants to ensure combined ratios do not creep up, so that it can continue to absorb the impact of major loss events such as this year’s California wildfires.
Blueprint Two re-platforming won’t complete before 2028
The core re-platforming element of the London market’s Blueprint Two modernisation programme is not expected to be completed until at least 2028, Lloyd’s CEO Patrick Tiernan has said.
Gallagher Re CEO insists buyers have ‘huge amount of choice’
Gallagher Re CEO Tom Wakefield has said the turning market means that numerous facets of reinsurance programmes will be up for discussion ahead of the Rendez-Vous de Septembre in Monte Carlo.
Reinsurance outlook ranges from ‘stable’ to ‘deteriorating’
Rating agencies have shared their outlook for the global reinsurance sector, with both Fitch Ratings and Moody’s Ratings revising down their outlooks for 2026, while S&P Global Ratings has maintained its ‘stable’ outlook.
Aviva detects £60m of claims fraud in first half of 2025
Aviva has detected and intercepted over 6000 fraudulent insurance claims in the first half of 2025, amounting to over £60m, the insurer reported this morning.
CFC appoints Jane Poole as group CFO
Former Direct Line Group chief financial officer Jane Poole will be joining CFC in September, subject to regulatory approval.
Viral sign-holding graduate secures Howden internship
Alexander Mani, a job-seeking economics graduate who stood outside the Lloyd’s building for 10 hours holding a self-advertising sign this summer, has secured an internship at Howden.
Hastings Direct and HF bring down car hire scam
Hastings Direct, backed by legal advisers HF, has dealt a blow to an elaborate scam orchestrated by Arrow Car Hire UK London.
Jensten finds buyer in Bain Capital
Jensten is set to be bought by private equity firm Bain Capital, following two years of attempts to find a buyer.
Ferma urges insurers to ditch transition risk exclusions
The Federation of European Risk Management Associations has called for insurers to stop imposing “blanket exclusions or one-size-fits-all pricing” when insuring transition-related risks.
Starpeak x Peach; Liiba’s commercial report; Aon’s head of professional services
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Home Protect ready to roll out AI-powered claims system
Home Protect is getting ready to launch a fraud detection and claims settlement system in September that chief technology officer Dan Huddart has called a “genuine game changer” for insurance.
Nicola George to depart Allianz Broker
Allianz Personal Broker’s managing director of personal lines will depart the business in October, the company has confirmed.
Sompo strikes £2.6bn deal to acquire Aspen
Sompo has agreed to acquire Aspen in a deal worth approximately $3.5bn (£2.6bn), with the transaction expected to close in the first half of 2026, subject to regulatory approvals.
Architects take first step towards mutual insurer
Architects have taken the first step towards setting up an insurance mutual with a new scheme to provide professional indemnity cover to small-to-medium-sized practices.
Insurance push needed to tackle women’s rugby online abuse
Imogen Mitchell-Webb, head of sport at law firm HF, has called on insurers and brokers to assist in curbing the prominence of online abuse in women’s rugby.
Protecting the tools of tradesmen
With theft affecting the majority of UK tradespeople, Fiona Nicolson examines rising losses, underinsurance, and strain on trade tool insurers.
RSA calls on industry to act to avoid liability ‘landmine’
RSA has called on the wider insurance industry to help thousands of businesses ensure they don’t fall foul of new legislation and open themselves up to criminal liability.
Allianz x Evoke; Pen’s Bridgehaven partnership; AIG’s chief digital officer
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Climate change fuels demand for UK offshore wind cat model
The effects of climate change have created demand for more granular catastrophe models for offshore wind projects in the UK, according to head of renewables, power and energy at McGill & Partners Tom Sexton.
UK pet insurance viewed as most expensive in Europe
39% of UK pet insurance customers now say their costs are the highest they’ve ever been, more than double the European average, according to data from Crif.
Court decision creates transgender PI ‘compensation lottery’
Minster Law has warned that the recent Supreme Court ruling on the definition of sex in the Equality Act has created uncertainty for personal injury compensation calculations for transgender claimants, which could result in award differences of up to six…
Thomas Carroll eyes high-net-worth expansion as it combines teams
Thomas Carroll sales director Greg Edwards has told Insurance Post the group is aiming to harness its London market presence to expand its high-net-worth customer base.
The Insurance Charity’s CEO reveals new mission
Helen Sanson, the new CEO of The Insurance Charity, has a clear mission: give away more money and help more people in the insurance sector.