News
Aon suspends Russian business
Aon has suspended its Russian operations and put staff on paid leave.
Marsh McLennan to exit all Russian business
Marsh becomes the first major international broker to exit all Russian business as the war with Ukraine continues.
British Insurance Awards Countdown: Who went from being a Young Achiever to running an award-winning business in two decades?
There are now just two days to go to get your British Insurance Awards entries in [closing date: 11 March]
ESG Exchange: LV to make its supply chain more sustainable with launch of two initiatives
LV has launched two new initiatives, Green Heart Supplier Promise and Green Heart Standard for the Building Contractor Network to ensure that suppliers within the LV general insurance network meet the company’s corporate social responsibility goals and…
UK government confirms late March deadline for Russia insurance ban
UK insurers must cancel cover for Russian aviation and space companies from 28 March latest, the government has updated.
Online Safety Bill expanded to include fraudulent pre-paid adverts
The government has amended the Online Safety Bill to expand its scope to include fraudulent paid-for advertising.
Howden rejigs exec committee ahead of Aston Lark deal completion
Broking group Howden has made a series of changes to its executive committee as it awaits the completion of its Aston Lark deal.
Regulators quizzed on authorisations and competitiveness by Lords committee
Prudential Regulation Authority CEO Sam Woods has said there is “probably” scope to authorise a greater number of insurance entities in response to questions from a House of Lords select committee about the proportionality of regulation faced by market…
UK's insurance sanctions on Russian companies to apply to existing and new business
Sanctions announced last week to bar Russian aviation and space companies from accessing the UK insurance market will apply to both current and new business, according to the Bank of England’s director of risk operations and general insurance Anna…
GRP set to become US broker Brown & Brown's largest acquisition to date
GRP group CEO Mike Bruce has hailed the opportunities afforded by being free from the ‘mousetrap’ of private equity with the business poised to become the largest acquisition to date by US broking giant Brown & Brown.
Insurance Europe ends All-Russian Insurance Federation’s membership
The board of Insurance Europe has voted to end the All-Russian Insurance Federation’s membership of the organisation in response to the Ukraine crisis.
British Insurance Awards Countdown: Five Taskmaster contestants have hosted the British Insurance Awards, but who were they?
There are now just five days to go to get your British Awards entries in [closing date: 11 March].
Aviva appoints Matthew Washington as global corporate and specialty director
Aviva has appointed Matthew Washington as global corporate and specialty director, with effect from 14 March 2022.
Esure profit slides as digital investment continues
Esure’s profit after tax fell by £22.3m in 2021 and it saw a comprehensive loss of £7.1m, which the insurer’s chief financial officer told Post is a result of its ongoing digital investment.
HSBC extends Marsh deal; Zurich to set up transformation Centre of Excellence; Pool Re completes expanded terrorism placement; and Howden acquires again
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
British Insurance Awards Countdown: How much money has been raised by award-winning insurance start-ups over the past 10 months?
There are only six working days left (including today) to get your British Insurance Awards entries in [closing date: 11 March].
UK to block Russian aviation and space businesses from accessing insurance
The UK government will introduce further sanctions in response to the Ukraine conflict, with legislation to bar Russian aviation and space companies from accessing insurance cover.
From ‘laggard’ to ‘leader’ as AIG commits to stop supporting fossil fuel expansion
Campaigners said AIG has vaulted itself from “laggard” to leader in the US as it committed to no longer invest or underwrite new coal-fired power plants, thermal coal mines or oil sands.
Admiral rakes in bumper profit
Admiral’s 2021 profit soared with staff to receive free shares worth up to £3600.
Hiscox expects minimal Ukraine conflict impact but ‘too early to speculate’ on cyber
Hiscox is anticipating the crisis in Ukraine will have a limited impact on its business, both directly and indirectly.
Concerns persist around public understanding of self-driving vehicles
With different levels of autonomous technology available, insurers have warned that an Automated Vehicles Act must be clear on what self-driving cars can and cannot do and this must be communicated effectively.
Aviva UK grows commercial GWP by 15%
Aviva UK grew gross written premiums and saw operating profit improve in 2021.
Lloyd's appoints Sara Gomez as chief people officer
Lloyd’s has appointed former Direct Line Group human resources director Sara Gomez as chief people officer with immediate effect.
FCA presses on with plans to scrap bonuses as it revises pay proposals
The Financial Conduct Authority has pressed on with plans to bring an end to performance-based bonuses for staff, prompting condemnation from the trade union Unite.