News
Aviva on hunt for CFO as Windsor heads to Persimmon
Jason Windsor has resigned as chief financial officer and director of Aviva with effect from July 2022.
DfT denies smart motorways debuted prematurely as rollout paused
The decision to pause the introduction of new all lane running smart motorway schemes, which saw 39 deaths between 2015 and 2019, until five years’ worth of data is available has been welcomed by insurers.
Chubb appoints Pannala as global CIO
Chubb has appointed Shekar Pannala, previously executive vice president for global technology, as its global chief information officer.
CII appoints Jonathan Clark as interim CEO
The Chartered Insurance Institute has named Jonathan Clark as interim CEO with immediate effect as Sian Fisher heads towards exiting the organisation at the end of March.
Aspen launches ESG integration initiative ‘Project Leaf’
Aspen has formally launched Project Leaf, an environmental, social and governance integration strategy that will incorporate ESG information into the decision making process for its credit and political risk portfolio.
First Underwriting targeting 30% growth after £1bn capacity deal
Managing general agent First Underwriting has revealed a five-year £1bn capacity deal with Accredited Insurance (Europe).
Building material shortages pile on the pressure
With building material shortages expected to continue into the 2022, loss adjusters and insurers have been urged to work together to support the repair sector.
Zurich risk chief warns refusing sectors cover is not the answer to net-zero transition
Insurers should resist removing cover for sectors that face being made obsolete by a move to a net-zero economy despite deteriorating risks profiles, Zurich’s group chief risk officer Peter Giger has said.
Willis Towers Watson rebrands as WTW
Willis Towers Watson has rebranded as WTW and swapped its stock market ticker symbol.
Aviva strikes five-year motor deal with Prestige; Aston Lark inks two more deals; Adiona partners with Duck Creek; and Corvus reveals London market buy
For the record: Post wraps up the major insurance deals, launches and investments of the week.
Bifurcated 1.1 renewal market negotiations leaves strained relationships, reinsurance brokers warn
Challenging negotiations between reinsurers and buyers during the busy 1.1 renewal season may have strained relationships with some clients, brokers have warned.
KPMG appoints Trevor Jones as head of insurance practice
KPMG has appointed Trevor Jones as the new head of its insurance practice, replacing Simon Ranger.
Brit appoints Bilge Mert as chief technology officer
Brit has appointed Bilge Mert, formerly senior director of Swiss Re's insurtech Iptiq, as chief technology officer.
Neil Robertson steps up to Canopius group CEO role
Canopius has appointed Neil Robertson as group CEO with Michael Watson continuing as group chairman.
UK General names David Boulcott as CUO
UK General has appointed David Boulcott as chief underwriting officer, replacing interim CUO David Brown, with effect from 1 January 2022.
Markerstudy to keep BGLI brands, staff and management after £400m deal
BGL Insurance is a “complementary fit” with Markerstudy’s existing distribution business and provides cross-selling opportunities as the firm grows to close to six million customers, according to group underwriting director Gary Humphreys.
Analysis: Rewiring the electric vehicle skills gap
Repairers must patch up their skills to keep pace with growing demand for electric vehicles but bodyshops say labour rates and current take-up levels are holding them back
Johnny Timpson receives OBE in New Years Honours List
Insurance diversity and inclusion campaigner Johnny Timpson was made an officer of the Order of the British Empire in the New Years Honours List.
Markerstudy strikes biggest deal to date with BGL Insurance acquisition
Markerstudy has announced its biggest deal to date with the acquisition of BGL Insurance from BGL Group.
Ardonagh buys MDS; Markerstudy snaps up Clegg Gifford; start-up broker Attis targets London/acquisitions; WTW and Munich Re in parametric 'world's first'
For the record: Post wraps up the major insurance deals, launches and investments of the week.
Lloyd's ESG guidelines slammed as 'inadequate'
Environment, social and corporate governance guidelines published by Lloyd's of London at the end of October have been branded as "inadequate" by campaigning groups in a letter to the corporation.
Insurers back calls to end abuse of customer service workers
Insurers and the Institute of the Customer Service are calling for tougher legislation to stop people abusing staff in customer-facing roles.
Insurers warn of supply chain issues heightening the impact of windstorms
Insurers have reported a spike in claims following storms Arwen and Barra with fears remaining that remediation work could be significantly delayed due to building material and labour shortages.
SaaS provider Genasys secures £12m investment from Frog Capital
Insurance software-as-a-service provider Genasys has secured a £12.25m investment from Frog Capital, which will see it grow its operations around the world.