News
Brokers foresee disruption from Amazon business insurance deal but no reason to panic
Amazon Business’ partnership with insurtech Superscript has the potential to bring an element of disruption and grab niche market share by meeting demands but advice is still key for corporate SME business, according to experts.
Trade bodies collaborate on product governance amid concerns of sluggish progress
Insurance industry trade bodies are working to agree templates for information sharing between firms to enable them to more easily come into line with the Financial Conduct Authority’s enhanced product governance rules.
Julian Enoizi elected as Insurance Institute of London president
Pool Re CEO Julian Enoizi has been elected as Insurance Institute of London president, with Marsh UK country corporate officer Chris Lay named as deputy.
Beazley recruits Bob Quane from Axis Capital as CUO
Beazley has appointed Bob Quane as chief underwriting officer joining from Axis Capital where he was CUO of the insurance segment.
Analysis: Willis Towers Watson's retention and recruitment challenge
The cancellation of Aon and Willis Towers Watson's mega merger poses a talent challenge for the world's third largest broker.
Obituary: Insurance veteran Sandy Dunn passes away
Many were shocked and saddened this week to learn that Sandy Dunn, a well known and respected figure in the industry, had passed away suddenly, after a brief illness.
JMG Group approaches £100m milestone after Butterworth Spengler’s Brunsdon buy
JMG Group has reached £90m of gross written premium with 200 staff in 10 offices, CEO Nick Houghton told Post as it funded Butterworth Spengler to make its first acquisition since joining the group.
FCA commits to swift change for listing regime 'still stuck in 1984'
The current listing regime is 'stuck in 1984', a Financial Conduct Authority official said as they forecast some changes by the end of the year.
Howden reveals football's Covid losses; Convex opens new European subsidiary; Volante gets new syndicate approval from Lloyd’s; and Zurich supplants Axa as MGA's £105m capacity
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Recruiter warns of talent war impact on diversity amid resignation boom
With resignations on the rise employers risk overlooking candidates from diverse backgrounds, Dive In attendees heard.
SSP 'communicating' with brokers after disruption
Software house SSP has confirmed that an incident that left some brokers unable to log in on Wednesday has been fixed.
Ageas Retail posts falling revenue but rising profit for 2020
Ageas Retail, which includes the Ageas Direct and Rias brands, has reported an 11% drop in revenue to £76m in 2020 with volumes being impacted by the coronavirus pandemic.
Hiscox chief claims officer Grace Hanson to exit
Hiscox chief claims officer Grace Hanson will leave the insurer at the end of the year, Post has learned.
LMG makes Caroline Wagstaff CEO role permanent
Caroline Wagstaff has been appointed as permanent CEO of the London Market Group having held the job on an interim basis since April.
Upcoming webinar: Digital claims – the final frontier
Within insurance, claims represent the ‘moment of truth’ for customers during their time of need. Digital claims could be the last big hurrah for insurers as they strive to improve combined ratios, gain a competitive edge, and improve the customer…
Dive In Festival: Companies must act to prevent unconscious generational bias, says WTW's Roy
Companies must act to ensure sweeping generational stereotypes are not unconsciously acted upon in the workplace, Willis Towers Watson’s UK chief operating officer Kate Roy has said.
Graham Wright heads to Saga from WTW in pricing director role
Graham Wright has been named Saga Insurance pricing director, joining from Willis Towers Watson.
David Williams to leave Axa
David Williams, managing director of underwriting and technical services, is leaving Axa Insurance after 41 years with the provider.
Dive In Festival: Insurance will fail without inclusivity, says Neal
Diversity and inclusion is “as important as anything else we do, we think it about it every day”, Lloyd’s CEO John Neal has told the audience at the first UK session of this year’s Dive In Festival.
MS Amlin names Robert Wiest as next CEO
Robert Wiest is set to become the next CEO of MS Amlin AG following the departure of Chris Beazley from the Swiss-domiciled reinsurer last month.
Insurers among host of UK businesses urging PM to show 'strong leadership' ahead of COP26
Insurance companies are among a group of more than 80 UK businesses that have urged Prime Minister Boris Johnson to show “strong leadership” to ensure the upcoming COP26 climate summit is a success.
Jensten targeting double-digit organic growth after Tasker buy
The Jensten Group has completed its acquisition of the Tasker Insurance Group – including Tasker Insurance Brokers, Tasker & Partners and Gresham Underwriting – following regulatory approval.
FCA pricing review shifts insurers' attitude to insurtechs, says Urban Jungle CEO
The introduction of the Financial Conduct Authority’s pricing review has shifted attitudes to insurtechs and is leading to insurers competing to work with them, according to Urban Jungle CEO Jimmy Williams.
Sector-wide initiative to support neurodiverse people appeals for industry backing
An organisation championing autistic people and other neurodiverse people within the insurance sector is appealing for financial backing from the industry.