News
'Data arms race' to drive platform-traded future for commercial and specialty: CFC's Walsh
Structured data that recognises the particular niche an insured is operating in will be a key determiner in an “arms race” changing the way commercial lines products are traded, CFC Underwriting executives have told Post.
Gallagher appoints chief broking officer
Gallagher has appointed a new market management director from Aon, with incumbent Ron Hayes stepping into the chief broking officer role.
DLG business swerves watchdog censure over ‘thank truck’ parody ad
Breakdown cover provider Green Flag, part of Direct Line Group, has been cleared on two counts by the advertising watchdog after its 'colourful' language parody advert drew complaints.
Former A2I leader Timpson named Grief Chat ambassador
Johnny Timpson, ex Cabinet Office disability and access champion for insurance, has become financial services sector ambassador for Grief Chat.
Watch Marsh, Axa and Willis discuss how technology can help you keep up with the pace of change expected by today’s insurance customers?
Customer are more demanding and expectant than ever. Fuelled by the increased digitalization of their daily lives, consumers expect products and services that are both tailored to their needs and delivered at speed. And just because they bought something…
Axa UK hires commercial COO from outside insurance
Axa UK has named Ursula Wyman, an insurance outsider, as commercial chief operating officer.
Analysis: Covid-19's lasting impact on cover for other diseases
Brokers are concerned that the availability of cover for historically insurable diseases may not return to pre-pandemic levels, having been much reduced as a result of exclusions written into policies.
Aon names Jillian Slyfield chief innovation officer
Jillian Slyfield has been appointed Aon chief innovation officer, based in San Francisco.
Competition watchdog clears Gallagher/Willis Re deal
The Competition and Markets Authority has given the green light to the merger between Gallagher and Willis Towers Watson’s treaty reinsurance business.
Pool Re CEO Julian Enoizi to step down
Julian Enoizi will step down as Pool Re CEO in the spring of 2022 after leading the mutual for eight years.
HDI in London market launch; Marsh teams up with Pedalsure; Zurich UK bolsters healthcare offering and BMS in Tysers swoop
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Dominic Burke to retire from Marsh McLennan in series of executive changes
Dominic Burke, vice-chair of Marsh McLennan, will retire in mid-January, the broking giant has confirmed.
Iprism management complete MBO
Iprism’s leaders have completed a management buyout of the underwriting agency from Bowmark Capital, Post can reveal.
Hiscox appoints Liz Breeze as interim CFO
Liz Breeze will take on the role of interim chief financial officer at Hiscox while the insurer searches for a permanent replacement for soon-to-be CEO Aki Hussain.
Aviva plots Lloyd’s return: sources
Aviva is said to be closely assessing the viability of re-entering the Lloyd’s market.
Mulsanne legal claim a bid to 'stifle Marshmallow at birth' argues insurtech in court face off
Marshmallow and Mulsanne's legal battle began this week, with the parties facing off in a London court.
Marshmallow accused of sharing 'personal data' with reinsurers in Mulsanne court battle
Mulsanne and Marshmallow took to a London court this week to thrash out allegations around contract breaches and misuse of confidential information.
Protester fined £660 after fake oil spill at Lloyd’s
Henry Owen has received a £660 fine and an 18-month conditional discharge after pleading guilty to criminal damage for spilling 1000 litres of fake oil outside Lloyd’s last month, Insurance Rebellion has updated.
Lloyd v Google: Supreme Court judgment spares insurers ballooning class action liability exposure
A Supreme Court judgment handed down last week that found in favour of Google is expected to spare businesses operating in the UK and their insurers from being liable for potentially billions of pounds in claims.
Jensten Group hires compliance boss from BGL
Steve Folkard will join Jensten Group as group risk and compliance director from December.
House of Insurtech adds two co-founders
House of Insurtech has added two co-founders to its roster with the hire of a chief operating officer and chief revenue office.
Rupert Jarron swaps DXC for EIS
EIS has hired Rupert Jarron as managing director for Europe, the Middle East and Africa as it looks to expand across Europe.
Axa retail CEO says pricing review heralds the most ‘endemic’ change in market's recent memory
The Financial Conduct Authority's pricing review will bring the most “endemic” change the insurance market has experienced in a long time and the work that comes with it should not be underestimated, according to Axa Retail CEO Tara Foley.
WTW takes Wegbrans from Aon as global head of broking
Willis Towers Watson has swooped for Hugo Wegbrans from Aon as global head of broking and broking strategy within its risk and broking business segment.