News
Das appoints Tony Coram as UK CEO
Das UK has appointed Tony Coram as CEO replacing Andrew Burke who is stepping down at the end of the year.
SFO closes long-running Quindell investigation
The Serious Fraud Office has closed its criminal investigation into historic accounting practices at Watchstone, formerly Quindell.
Employee ownership front of mind in search for Aston Lark buyer, says Blanc
Being able to continue employee ownership was the top priority in the search for a buyer for Aston Lark, CEO Peter Blanc has told Post.
Tradewise and Prometheus in £13.1m commission clawback dispute
The administrators of Gibraltar insurer Prometheus, formerly Tradewise Insurance Company, are engaged in discussions over disputed commission clawbacks.
Howden acquires Aston Lark to create £6bn GWP UK business
Howden has agreed to buy Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, subject to regulatory approval.
Insurers to sue government on Vnuk
The Motor Insurers’ Bureau is to recommence legal action against the government over inaction on 'unnecessary' Vnuk costs.
London company market premiums hit record levels despite Brexit impact
Rising rates and an influx of business previously written at Lloyd’s mean the London company market’s premium income has never been higher, even as it continues to bleed European premium in the wake of Brexit.
Underwriters weigh impact of climate disclosures on D&O insurance
Underwriters of directors and officers’ insurance are weighing the impact climate-related obligations and commitments will have on claims, as business leaders face overseeing a growing raft of disclosures.
Obituary: Iain Winfield
It is with great sadness that we have to report that the Insurance Post team has lost a dear friend and colleague Iain Winfield, who passed away last month.
Tesco Underwriting 'well positioned' for success post Ageas exit: Duggan
Tesco Underwriting is 'well positioned' for customer satisfaction and market success following its joint venture buyout from Ageas, the insurance arm's boss told Post as it reported its first post-deal results.
Supreme Court QOCS conclusion a 'body blow' for PI defendants
A Supreme Court decision on Qualified One-way Costs Shifting provisions in the Civil Procedure Rules may 'at first blush look counterintuitive and unfair’, judges have admitted.
Chubb boss Greenberg lets loose on industry cyber failings
The insurance industry has not 'developed well' in tackling cyber risk, Chubb CEO and chair Evan Greenberg has told conference delegates.
Insurtechs not ‘changing the fundamental nature’ of insurance: Chubb CEO Greenberg
Chubb CEO and chair Evan Greenberg has maintained that it is 'hype' that insurtechs are changing the foundational elements of insurance.
ABI reports fraud at lowest level since 2007; Axa relaunches British Gas cover; Getsafe extends Series B; and Lockton acquires
Post wraps up the major insurance deals, launches and investments of the week.
Unpredictable weather and energy transition driving property risks uncertainty, insurers caution
As climate change takes hold, the risks faced by commercial properties may be exacerbated not only by more severe weather, but also by measures taken to transition to a greener energy production, insurers said at this week’s Airmic conference.
Insurer cyber capacity continues to dwindle as demand grows, say brokers
Interest in cyber insurance among large businesses continues to grow, but cover may prove more difficult to come by as insurers limit capacity and reinsurers put their foot down.
Airmic calls for climate pledge as it heads to COP26 on CBI invite
Airmic CEO Julia Graham has called on risk and insurance managers to pledge to tackle the risks associated with climate change.
Airmic panel’s appeals for partnership draw anger at conference
Senior insurance industry figures were drawn into a frank discussion of how the sector could better work with clients on Wednesday, after a pointed question from a risk manager following a panel discussion at the Airmic conference in Brighton.
Aviva teams up with Thomas Miller Specialty Construction
Thomas Miller Specialty Construction has partnered with Aviva in a three-year deal to provide capacity for its latent defect offering for commercial developers operating in the mixed use development market in the UK, Post can reveal.
Marsh Commercial names David Bruce CEO
Marsh has promoted David Bruce to CEO of Marsh Commercial, with Anthony Gruppo set to retire from the industry.
Rishi Sunak backs AR reform review in wake of Greensill
Chancellor of the Exchequer Rishi Sunak has backed a review of reforms to the appointed representatives regime in his response to a committee of MPs looking at Greensill Capital’s collapse.
CMA launches merger inquiry into Gallagher-Willis Re deal
The Competition and Markets Authority has opened a merger inquiry into Arthur J Gallagher buying Willis Towers Watson’s treaty reinsurance business looking at whether the proposed deal will lead to a lessening of competition in the UK market.
McLarens creates head of data and analytics role
McLarens has appointed Jennifer Barclay to a newly created leadership role as global head of data and analytics strategy.
Treasury committee seeks answers from big tech firms on economic crime
Treasury Select Committee chair Mel Stride MP has written to Google, Ebay, Facebook and Amazon with a series of questions relating to their policies and actions to combat economic crime, prevent fraud and protect consumers.