News
LV provides helpline access for men in its repair garages
LV has launched an initiative to provide men with a safe space to talk about their problems at the garages within the LV repair network.
Brokers warned that a commission ban for multi-occupancy buildings could be the 'thin edge of a large wedge'
Compliance experts have warned brokers that the Financial Conduct Authority's decision to look at commission payments for multi-occupancy building could set a precedent for the future and be seen as an 'easy win' by government.
Admiral defeats fundamentally dishonest fraudster; Ardonagh Academy launched; start-up Coral aims to disrupt LEI sector; and Pool Re to cut prices
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva and WWF outline 'whole economy approach' to Net Zero transition
Aviva and the Worldwide Fund for Nature have published a joint paper, setting out the steps they say the UK government must take to help businesses and the public sector tackle the climate and nature crises.
Briefing: Time for zero tolerance on sexism
“In all honesty, after 30+ years in Financial Services I am pretty used to sexist and derogatory comments like those in the AGM yesterday.”
Customers young and old expect frictionless digital insurance products, says Axa Partners’ Ward
The assumption that innovation in digital insurance need only be in service of younger customers has been proven false, Axa Partners chief sales and distribution officer for the UK and Ireland Kelly Ward has told Post.
Brokers can play key role in Net Zero transition, says Allianz's Dixon
Brokers can play a key role in encouraging businesses to transition to Net Zero, Allianz chief underwriting officer Catherine Dixon has told Post.
QBE weighs changes to regional footprint as brokers demand greater ‘visibility’
QBE is looking to plug a “gap” in its regional footprint as a result of feedback from brokers, its executive director for UK insurance Chris Wallace has told Post.
FCA does not aim to be a price regulator, says Sheldon Mills
In his keynote speech yesterday at the British Insurance Brokers’ Association’s conference in Manchester Mills Sheldon Mills, executive director for consumers and competition at the Financial Conduct Authority, told the audience: “The new consumer duty…
White takes aim at broker FSCS contributions in Biba opening address
British Insurance Brokers’ Association CEO Steve White has said that brokers “must not be left to pay over the odds for the failures of others” through their contributions to the Financial Services Compensation Scheme.
Canopius CUO Mike Duffy to retire
Mike Duffy, chief underwriting officer for Canopius Group, will retire next year after 16 years of service to the company and 40 years in the sector.
Brokers need to help clients avoid the trap of underinsurance, says Allianz' McGinn
With economic volatility and inflation being the biggest challenges facing brokers at the moment, brokers need to sit down with their clients and ask the right questions to avoid them falling into trap of underinsurance.
Musk predicts superhuman safety levels in driverless car AI ‘this year’
Elon Musk, CEO of Tesla, has predicted that the manufacturer will achieve autonomous car artificial intelligence ‘far in excess of the safety level of a human’ within the year.
Motor Mouth Podcast: Is telematics finally ready to go mainstream after many false dawns?
Welcome to the latest episode of the Motor Mouth podcast, as we count down to the Insurance Post Motor and Mobility event on the 15 June at Mercedes Benz World.
Insurers to pass on Pool Re price reductions to policyholders
Insurers have signalled that they will pass on reductions in the price of terrorism reinsurance to policyholders when Pool Re cuts its overall pricing in October.
QBE appoints Fitzgerald as UK regions director
QBE has appointed Andy Fitzgerald to the newly created role of director of UK regions, as it seeks to establish regional business as a “driving force” behind its plans for growth in the UK.
Motor semiconductor chip shortage crisis expected to be solved in the second half of the year
Volvo CEO Jim Rowan expects the semiconductor chip shortage crisis facing the motor manufacturing market to be solved in the second half of the year.
Qlaims appoints David Williams as NED
David Williams has joined managing general agent and insurtech Qlaims as a non-executive director.
Webinar: Last chance to sign up to watch Allianz, Chaucer and WTW discuss how technology can help insurers meet customer expectations in the digital age
There has been a lot of discussion around digital acceleration over recent years, with the pandemic playing an undoubted role in escalating customer expectations as to how businesses engage and service them. Although often described as a “distressed…
Tower Brook acquires Premium Credit; ABI reports motor premiums have fallen 5% in Q1; Aston Lark buys UK Global; and Seventeen snaps up broker
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Leadership changes at Markel as co-CEO Whitt is set to retire next year
Markel is making a number of senior leadership changes at the company as co-CEO Richard Whitt confirms he will retire next year after 31 years with the company.
Cost of Gable collapse to FSCS hits £78m
The cost of the 2016 collapse of unrated insurer Gable to the UK’s Financial Services Compensation Scheme surpassed £78m at the end of last year, a liquidators’ report has revealed.
Disagreements over runoff cover set to push up PI premiums for property and probate lawyers
The Council for Licensed Conveyancers’ decision to maintain integrated runoff cover as part of its professional indemnity insurance requirements for the firms it regulates will push up premiums, brokers have told Post.
FCA staff walk out in first of three planned strikes
Staff at the Financial Conduct Authority have gone on strike in the first of three planned two-day walkouts over proposed changes to pay and conditions at the regulator.