News
Lloyd’s Lab graduate Armd targets £6.5bn trades market
Armd, one of Insurance Post’s insurtech start-ups to watch in 2022, has recently graduated from the Lloyd’s Lab and used the experience to build a product designed to support the trades industry.
PRA warns insurers to brace for further inflation woes
The Prudential Regulation Authority has told insurers to factor inflation into their business planning, kick the tires of their approach to risk management and prove they can withstand cyber-attacks in 2023.
Flood insurance 'increasingly unaffordable' claims football CEO
Carlisle United Football Club’s CEO has claimed the price of flood insurance for the 119-year-old team’s Brunton Park ground is “increasingly unaffordable”.
Jonathan Evans re-elected as Biba chair
The board of British Insurance Brokers’ Association has extended Jonathan Evans’ tenure as chair of the association for a further three years.
Retiring Muress replaced by Simoncic at Sedgwick
Market moves: Sedgwick international chief executive officer Ian Muress has announced plans to retire on 31 March, when he will be replaced by Tom Simoncic.
Sunak's plans to create more data analysts welcomed
Prime Minister Rishi Sunak’s plan to ensure all pupils in England study some form of maths until aged 18 has been welcomed by industry trade bodies.
Clyde & Co takes 19-strong team from DWF
Clyde & Co has appointed DWF's Charlotte Kelly and Peter Barnes as partners, along with 17 others to expand its product liability team.
Insuring Women’s Futures' Portas awarded OBE
Co-founder of Insuring Women’s Futures Jane Portas has been awarded the Order of the British Empire for services to business and to equality.
Broker MD who exposed himself to two women avoids jail
A court has heard that an insurance broker flashed two women in a bizarre attempt to be "humiliated" and "punished" over his firm's financial troubles.
CII denies need for cash caused PFS board takeover
Alan Vallance, CEO of the Chartered Insurance Institute, has insisted the group’s board flooded the Personal Finance Society's board with members due to governance concerns rather than any need to access the latter’s cash.
Review of the Year 2022: Brokers
Senior insurance broker figures look back on 2022 and reflect on what 2023 might bring.
CII floods PFS board after talks fail
The Chartered Insurance Institute's board has flooded the board of the Personal Finance Society after mediation talks between the two broke down.
Metallica loses lawsuit against Lloyd’s underwriters
The Superior Court of the State of California has ruled Lloyd’s of London underwriters do not need to pay for losses stemming from Metallica's six South American concerts that were cancelled when Covid-19 struck.
Government unveils plans for stronger protection against terrorism attacks
Insurers have called new legislation, which will be introduced to tighten security at venues in the wake of the Manchester Arena bombing, an “important step in enhancing the protection of the UK’s publicly accessible locations."
Review of the Year 2022: Insurtechs (part two)
Senior insurtech figures from the market reflect on 2022 and reflect on what 2023 might bring.
Aviva aims at continued 'double-digit' regional broker growth
Ryan Birbeck, distribution director of regional brokers at Aviva, said the firm is aiming to continue its trajectory after three years of "double digit" growth, and has pinpointed cyber as a "significant" opportunity.
Review of the Year 2022: Insurtechs (part one)
Senior insurtech figures from the market reflect on 2022 and reflect on what 2023 might bring.
Government promises clarity on genetic testing and insurance
The Department of Health & Social Care has published the outcome of the latest review of the Code on Genetic Testing and Insurance and promised clarity on how genetic testing is able to be used to price premiums in 2023.
Aviva returns to telematics for motorists
Exclusive: Aviva has returned to offering telematics for younger motorists after previously pulling back from the technology due to a lack of market demand.
Insurance's tax contribution; QBE launches W&I product; Theme for Biba 2023 revealed
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Climate activists deliver festive gifts to Lloyd’s headquarters
As part of action which saw insurers receive ‘good’ and ‘naughty’ gifts reflecting their response to climate change, climate group Mothers Rise Up has today delivered a Christmas stocking full of fake coal outside Lloyd’s of London HQ.
FCA says it will ensure ‘the polluter pays’ in FSCS review update
The main theme of feedback to a recent review of the Financial Services Compensation Scheme was the importance of firms improving their conduct to reduce the frequency at which the scheme is called into action, the Financial Conduct Authority has said.
FOI reveals backlog of FCA whistleblower cases dating back to 2016
A Freedom of Information request to the Financial Conduct Authority has revealed that there are still 1578 whistleblowing cases that remain underassessment, with one still open from 2016.
Review of the Year 2022: MGAs
Senior figures from insurance MGAs look back on 2022 and reflect on what 2023 might bring.