News
FCA warns insurers to protect customers during cost-of-living squeeze
As the soaring cost of living is putting pressure on households, the Financial Conduct Authority has instructed insurers to protect customers from unnecessary products or add-ons and unfair penalties.
Clegg Gifford employee wins age discrimination case after being told he has been around ‘as long as Pontius Pilate’
A Clegg Gifford & Co employee, who has worked in the industry “a great many years”, has won age discrimination case after his boss claimed he has been around “as long as Pontius Pilate”.
Igo4 to pay for employees hormone replacement prescriptions
Igo4 is covering the cost of Hormone Replacement Therapy for their employees who need it, and has signed the Menopause Workplace pledge, to recognise the impact of menopause, and support for those who are affected.
Dive In Festival: ‘Find the high-potential women early on and do everything to keep them’ says Aviva’s Blanc
Aviva’s Amanda Blanc says women are dropping out of organisations “far too early” because they are not seeing role models in more senior positions.
ABI's James Dalton to replace Ben Fletcher at IFB
In a wave of senior appointments, the Motor Insurers' Bureau has appointed the ABI's James Dalton as chief services officer.
Dive In Festival: Leaders challenge why industries are 'reluctant to accord authority to women'
Leading the panel discussion on ‘The Authority Gap’ on Tuesday, Mary Ann Sieghart, a former assistant editor, and author contested that “we have all grown up in a society in which men are still in charge” and presented the industry with opportunities to…
Mass renews call for early review into OIC tariff
The Motor Accident Solicitors Society has renewed its call for an early review of the tariff of damages for low-value road traffic accidents, as recommended by the Lord Chief Justice of England and Wales.
E-scooter legislation must be mandated 'urgently' amid further trial extensions
Despite e-scooter trials being extended until May 2024, there is hope that legislation will be introduced sooner rather than later.
Insurance Post reveals new editor
Insurance Post can today reveal the identity of the person who is set to become the 21st editor of the esteemed 182 year B2B trade title.
Dive In Festival: Leaders want more effort to promote diversity to avoid the next version of the internet becoming a 'dystopian nightmare'
Industry leaders have highlighted concerns about gender parity in leadership within emerging technologies, including the metaverse, advocating it is still a “very male dominated field”.
Dive In Festival: Doing things the same way we’ve always done just ‘won’t cut it’, says Neal
Opening the eighth edition of Dive In Festival on Tuesday, Lloyd’s CEO John Neal contested that tough times within the last three years presented the industry with a “terrific opportunity” to change the way it operates, and simply “doing things the same…
Analysis: The power of shareholders
R&Q recently faced a shareholder rebellion over its executive chair. It's not the first and it won't be the last time shareholders disagree with a firm's operations. Post reviews the result, and asks how much power shareholders really have?
Aon names Luise O’Gorman as global head of ESG Transaction Advisory Services
Aon’s M&A and Transaction Solutions practice has expanded with the appointment of Luise O’Gorman as global head of ESG Transaction Advisory Services.
RSA targets market-beating 'low 90s' combined ratio by 2025
RSA has set out plans to achieve a “low 90s” combined ratio and surpass £3bn in premiums by 2025.
Lloyd's flags potential difficult reinsurance renewals and draws up China/Taiwan disaster scenarios
Lloyd’s has told syndicates that their plans for next year must consider the potential for difficult reinsurance renewal seasons as a result of “macro-economic, social and political pressures.”
Experts advise FCA to 'tweak their rules urgently' in multi-occupancy reform
Regulation experts say “there is no immediate implementation of anything” in the Financial Conduct Authority’s report on multiple-occupancy buildings and rules could be modified to extend product value assessments.
Marc Sweeney replaces Helena Evans as Cila president
Davies’ Marc Sweeney was unanimously voted in to replace Helena Evans as president of Chartered Institute of Loss Adjusters.
Insurers should share predictions with brokers to prepare for more challenging times ahead - Aviva's Hemming
Gareth Hemming, managing director for UK GI distribution & SME at Aviva speaks to Post about the pressures on insurers and brokers, emphasising how brokers are a critical part in the economy
Upcoming webinar: Watch Scor and Ms Amlin discuss how operational automation can increase efficiency and boost profitability
Insurance organisations today are under more scrutiny than ever from auditors and stakeholders alike. In response, many continue to shift their efforts from the digital transformation of front-end functions to driving higher levels of efficiency and…
PIB appoints deputy CEO and underwriting and Europe executives
Broker PIB has made a raft of senior appointments, recruiting from Aon and Amwins Global Risks as well as promoting internally, as it prepares to double in size through its next stage of growth.
Stubben Edge secures more funding; MS Amlin rebrands; Axa XL appoints chair
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Attempt to oust R&Q executive chairman Spiegel fails
R&Q executive chair William Spiegel will continue to lead the program management and legacy insurance business after a vote to oust him failed.
Analysis: Lloyd’s latest cyber directive paves the way for a cyber cat market
Mandated exclusions for state-backed cyber-attacks in standalone cyber policies issued at Lloyd’s could pave the way for a separate market for cyber war and catastrophe risks, executives have predicted.
Energy price cap a lifeline for businesses but more details needed
With some businesses still recovering from Covid-19 pandemic, and now facing a new hit in the form of an energy price hike, the number of viable businesses taking out insurance could fall, but energy cap announced by Prime Minister Liz Truss could be a…