News
Over half of FCA staff looking to leave amid dissatisfaction over pay, says Unite
The trade union Unite has written to Financial Conduct Authority CEO Nikhil Rathi to warn the regulator that widespread anger over pay has led to more than half of staff looking to leave their jobs.
War on wages sees insurers struggling to fill vacancies
Insurer employees believing the only way to get more money to cover the cost-of-living crisis was to move jobs resulted in an unprecedented number of job vacancies in 2022, according to labour market analysis.
NFU Mutual policyholders invited to claim after Covid cover complaints upheld
Dozens of NFU Mutual policyholders have had complaints over missing cover for Covid-related booking cancellations upheld, Insurance Post can reveal.
Axa Commercial to offer SME cyber insurance this year
Exclusive: Jon Walker, CEO of Axa Commercial, has revealed plans to roll out a cyber insurance product and service for SMEs in the next 12 months.
AIG sacks interim CFO for violating confidentiality agreements
American International Group has made senior leadership changes after it found its chief financial officer, Mark Lyons, had breached confidentiality obligations.
Gillighan departs Somerset Bridge and Southern Rock
Chris Gillighan, the managing director of Somerset Bridge’s managing general agent and Southern Rock’s in-house insurer, is understood to have left both businesses.
L&G CEO Sir Nigel Wilson to retire
Sir Nigel Wilson, who was appointed as CEO of Legal and General in 2012 after joining the business in 2009, is set to retire later this year.
Ageas and Age UK part ways after 17 years
Ageas and Age UK are parting ways after almost two decades of the insurer providing the charity’s customers with home, motor, and travel insurance.
Hiscox partners with Verisk; RSA launches carers’ policy & QBE restructures trade credit team
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Vote for the best insurance employer in 2023
Insurance Post’s Best Insurance Employer research returns in 2023 seeking the views of staff in broking, managing general agent and insurer firms to find out which organisations really go the extra mile for their people.
Unison seeking insurance provider after UIA enters run-off
Trade union group Unison has confirmed the search for a new provider for home, travel and pet insurance for its members is ongoing after UIA Insurance went into solvent run-off last year
FCA warns firms against complacency six months out from Consumer Duty deadline
The Financial Conduct Authority has said that some firms’ Consumer Duty plans suggest they are “over-confident that their existing policies and processes will be adequate” following a review of the largest in-scope businesses.
Eight insurtech start-ups to watch in 2023
For the eighth year in a row Insurance Post content director Jonathan Swift casts an eye over the insurtech start-up space, and lists a number of firms worth watching over the next 12 months and beyond.
Regulation and cyber dominate in Biba's 2023 manifesto
The British Insurance Brokers’ Association has laid out increasing take-up of cyber insurance and reducing the cost regulation as top priorities for 2023.
PRA stress tests raise concerns about reliance on reinsurers
The Prudential Regulation Authority intends to assess reinsurance risks that could threaten the financial stability of some general insurers later this year.
Class uncovered as biggest barrier to insurance career progression - KPMG
Women from a lower socio-economic and ethnic minority background face the longest, hardest climb to the top of the insurance industry, a KPMG report has revealed.
Legal wrangling prompted further breakdown of CII and PFS relations
Don MacIntyre, interim CEO of Personal Finance Society, has revealed a breakdown in mediation talks between the professional body for financial advisers and the Chartered Insurance Institute led to the latter seizing control of the PFS board.
Cardiff City FC rejects claims it tried to insure Sala after his death
Cardiff City Football Club released a statement rejecting allegations it tried to insure Emiliano Sala for £20m after the striker’s death.
Saga looking to offload underwriting business
Following reports suggesting that Saga is looking to sell off its entire insurance business to pay off a portion of its debt, the insurer has issued a statement.
‘Clarity’ for PI as Court of Appeal hands down judgment on mixed injuries
The Court of Appeal has handed down judgment in two mixed injury cases leapfrogged in November, providing some clarity on how mixed injuries should be handled. However, some are concerned it could lead to further litigation and an adverse impact on…
SMEs focus on economic concerns as climate change fails to make priority list
Aviva’s third annual risk report has found that SMEs remain unconcerned with climate change, as economic turmoil continues to dominate.
Woodgate & Clark restructures to accommodate Quadra acquisition
Loss adjuster Woodgate & Clark has restructured to fully integrate its Quadra acquisition into the the business to help navigate supply chain challenges.
Saga hacker releases more customer details including knighted actor
The hacker responsible for releasing five Saga Insurance customers’ information earlier at the weekend has released the information of more customers as negotiations, and investigations, continue.