News
Floodflash to establish US presence following $15m venture capital raise
Floodflash has raised $15m (£11.1m) in a Series A funding round, which it intends to use to fuel its international expansion.
PIB fine-tunes management structure as it sets sights on rapid Europe expansion
PIB Group has made a number of changes to its management structure in anticipation of accelerated growth during the course of 2022.
FCA bolsters authorisations teams in effort to speed up approval process
The Financial Conduct Authority has added 95 staff in an effort to speed up its authorisations process against a backdrop of possible strike action.
Chaucer stakes claim for 'gamechanger' ESG scorecard in partnership with Moody’s
Chaucer has teamed up with Moody’s with the aim of producing a data-driven environmental, social and governance ‘scorecard’ to enable businesses to assess and improve their ESG performance.
Brokers defend record amid insurance probe into 'failing' market for flats and tower blocks
Amid regulatory scrutiny brokers have accepted there are insurance challenges for flats but sought to defend their role when approached by Post.
Aubert appointed CEO of Howden France
Howden has appointed Nicolas Aubert as CEO of its operations in France as the broker continues to expand its European platform.
By Miles unveils raft of senior appointments
Pay-per-mile car insurtech By Miles has unveiled a number of senior appointments as it looks to expand its product offering and accelerate growth in 2022.
Hunt begins for next FCA chair
HM Treasury has appointed Richard Lloyd as interim chair of the Financial Conduct Authority, with effect from 1 June 2022, as the search for Charles Randell’s successor begins.
Lower claims impact expected from Malik and Corrie than predecessors
The insurance impact of storms Malik and Corrie is expected to be less severe than recent storms Arwen and Barra.
Direct Line begins green parts trial; Revolut diversifies insurance offering; RSA to recruit more adjusters; and Sabre strikes solus MGA deal
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Zego adds Catherine Barton as chief insurance officer
Insurtech Zego has appointed ex-Bupa executive Catherine Barton as its first chief insurance officer.
Markel UK promotes Nic Brown to head up broker national markets
Markel UK has named Nic Brown divisional director – broker, with a remit to lead its UK national markets broker channel.
Insurtech Stubben Edge raises £10m
Broker technology specialist Stubben Edge has secured a £10m investment in its latest funding round led by Dowgate Capital.
Convex publicly rules out insuring Adani and further thermal coal production
Convex has ruled out insuring Adani’s Carmichael coal mine and any new thermal coal production following pressure from climate change campaigners.
Former Lloyd’s of London CEO Richard Ward joins CFC as non-exec chair
CFC has appointed former Lloyd’s of London CEO Richard Ward as non-executive chairman, subject to regulatory approval.
Martyn Holman joins Incited advisory board
Former Brightside and Markerstudy boss Martyn Holman has joined the advisory board of data science insurtech Incited.
Ex-ERS boss Ian Parker joins Catalina as group CEO
Ian Parker has been appointed as group CEO of run-off specialist insurer Catalina Holdings (Bermuda).
Charles Taylor buys majority stake in insurtech Fraud Keeper
Charles Taylor has bought a majority stake of automation and artificial intelligence software as a service platform Fraud Keeper, Post can reveal.
Genasys adds ex-Duck Creek leader Bart Patrick as CRO
Genasys has appointed Bart Patrick as chief revenue officer and member of the executive team.
Gallagher enters motorcycle and motorhome space with first acquisition of the year
Gallagher has acquired Devitt Insurance Services marking the group’s entry into the motorcycle and motorhome space.
Adapting alternative dispute resolution could save insurers £30m in 2022
The case for adapting alternative dispute resolution urgently needs to be revisited according to Stewart McCulloch, managing director at Claimspace, who believes this could save the industry 'tens of millions' in court cost as well as release the…
Allianz hits 100% renewable electricity in UK offices target
Allianz Holdings, which comprises Allianz Commercial and Allianz Personal, has revealed that 100% of the electricity its UK offices use now comes from renewable sources.
FCA staff vote yes to strike action if no deal reached with Rathi
Financial Conduct Authority staff who are members of Unite have voted to support strike action in an initial ballot with the union warning CEO Nikhil Rathi not to wage "war" and that "the ball is in FCA’s court now".
Chubb promotes Jon Houghton to head of distribution for UK and Ireland
Chubb has made Jon Houghton head of distribution for the UK and Ireland expanding his previous role as distribution manager for national brokers in the region.