News
Stuart Forsyth describes 'hellish experience' as Upper Tribunal overturns fine and ban by ruling against FCA and PRA
Stuart Forsyth, the former CEO of Scottish Boatowners Mutual Insurance, has called on regulators to “learn from the errors they made in my case and work to restore the faith of regulated professionals” as the Upper Tribunal overturned his fine and ban.
Insurers not bitter for time and costs lost after green card uturn as motorists will benefit
UK insurers that have issued 'thousands' of green cards and created portals and communications to allow UK motorists to continue to drive abroad after Brexit have supported the proposals to remove green cards despite the money already spent.
ABI Climate Change Summit: Past point of stepping away from climate change responsibilities says Direct Line's James
With “trillions in assets”, “billions spent” on supply chain and “millions of customers”, Direct Line CEO Penny James urges the insurance industry is past the point where anyone can step away from their responsibilities in relation to climate change.
Pool Re launches advisory panel to explore public-private collaboration on systemic risks
Pool Re has launched an advisory group to develop recommendations for how the insurance sector can work together with the wider private sector and public sector to guard against systemic risks such as climate change and cyberterrorism.
ABI Climate change Roadmap: £60bn a year could be invested in meeting net zero targets
The Association of British Insurers has set out an ambitious Climate Change Roadmap that could see the UK’s insurance industry contribute one-third of the investment needed to meet the UK’s Net Zero target.
ABI Climate Change Summit: Climate change is 'existential risk' for financial services
Member of Scottish Parliament and the cabinet secretary for finance and the economy Kate Forbes has urged insurers to grab the “once in a generation opportunity” of Cop 26 later this year and put the transition to net-zero at the heart of “everything…
FCA delays to approving c-suite broker roles slammed as outrageous
Compliance experts have advised brokers to add time into their recruitment plans for c-suite positions to account for “backlogs” in the Financial Conduct Authority’s approval process as one leading broker hit out at the “ridiculous” delays.
Arc Legal and LIM replace Das on Lloyds Banking Group’s home insurance LEI
Exclusive: Arc Legal Assistance and sister company Legal Insurance Management have won the race to provide family legal protection cover for Lloyds Banking Group’s home insurance customers under the Lloyds Bank, Halifax and Bank of Scotland brands, an…
Phoenix chairman Lyons set to become Lord Mayor of London
City of London has picked Nick Lyons, chair of Phoenix, as next Lord Mayor of London with effect from November 2022.
Aon and Willis Towers Watson antitrust court date set for November
Aon and Willis Towers Watson have been given a November date for the start of their antitrust trial against the US Department of Justice, which has objected to the proposed merger.
Ever Given due to leave Suez Canal today after insurance agreement reached
MV Ever Given, which blocked the Suez Canal for a week in March, is due to leave today after a deal was struck between the UK P&I Club and the canal authorities.
Insurers urge government to revise height-based remit of proposed building safety regulator
Insurers have repeated their calls for the scope of the proposed building safety regulator to be broadened after the government pushed ahead with proposals that met with criticism last year.
More leadership changes at Aviva as Andrew Morrish departs
Andrew Morrish has left Aviva after more than 13 years with the business, most recently as claims director, with Dave Lovely’s role extending to cover UK.
Treasury confirms 'strong case' for Solvency II reforms to free up resource and allow UK insurers more flexibility
The government is planning to bring forward reforms to free up resource on insurers’ balance sheets and allow insurers more flexibility around investments as it rewrites the UK’s Solvency II regime.
FCA broker c-suite approval times soar with CEOs waiting 151 days for sign-off
The average time taken for the Financial Conduct Authority to approve CEO applications from brokers has nearly tripled from 57 days in 2019 to 151 days this year, a Freedom of Information request by Post has revealed.
Government considering event insurance scheme in case of 'market failure'
The government is prepared to explore an insurance scheme for live entertainment in the event of a market failure, the secretary of state for digital, culture, media and sport Oliver Dowden has said.
Parhelion co-CEO Richardson asserts insurers need to move on from a ‘piecemeal’ ESG approach
The co-CEO of the self-proclaimed ‘world’s first sustainable insurer’ has admitted that he regards Parhelion as a “pathfinder” for the industry and hopes others will follow it into fully committing to the environmental, social and governance space…
View from the Top video: Association of British Insurers director general Huw Evans
In this exclusive interview recorded as part of the Insurance Post Live Annual Conference 2021 Association of British Insurers director general Huw Evans talks about rebounding and rebuilding as he shares the trade body’s vision of UK Insurance.
The retail investors that sent an insurtech's stock soaring
The ‘meme stock’ phenomenon that began in January when the share price of American video game retailer Gamestop was sent soaring by non-professional investors corralling on internet forum Reddit has reached the world of insurance.
Boardroom video: Leadership, decisions and management in modern insurance
In this video recorded as part of the Insurance Post Live Annual Conference 2021 an expert panel answer questions including:
View from the top video: Moving from banking to insurance with Tara Foley, CEO, Axa UK Retail Insurance
In this exclusive interview recorded as part of the Insurance Post Live Annual Conference 2021 Tara Foley, CEO, Axa UK Retail Insurance, reflects on her first six months in the insurance industry.
Tesco Underwriting recruits ex-Saga and Broker Network boss Gary Duggan as interim CEO
Tesco Bank has appointed Gary Duggan as interim CEO of Tesco Underwriting and interim chief insurance officer of Tesco Bank.
FCA ‘Dear CEO letter’ warns brokers about client money amid concern of widespread non-compliance
The Financial Conduct Authority has issued a stark warning to brokers about client money shortcomings it has seen in the market stressing that it will take action.
Intelligent AI appoints ex-RSA leader Neil Strickland as CCO
Insurtech Intelligent AI has appointed Neil Strickland, former customer experience director at RSA, as chief commercial officer.