News
Protester fined £660 after fake oil spill at Lloyd’s
Henry Owen has received a £660 fine and an 18-month conditional discharge after pleading guilty to criminal damage for spilling 1000 litres of fake oil outside Lloyd’s last month, Insurance Rebellion has updated.
Lloyd v Google: Supreme Court judgment spares insurers ballooning class action liability exposure
A Supreme Court judgment handed down last week that found in favour of Google is expected to spare businesses operating in the UK and their insurers from being liable for potentially billions of pounds in claims.
Jensten Group hires compliance boss from BGL
Steve Folkard will join Jensten Group as group risk and compliance director from December.
House of Insurtech adds two co-founders
House of Insurtech has added two co-founders to its roster with the hire of a chief operating officer and chief revenue office.
Rupert Jarron swaps DXC for EIS
EIS has hired Rupert Jarron as managing director for Europe, the Middle East and Africa as it looks to expand across Europe.
Axa retail CEO says pricing review heralds the most ‘endemic’ change in market's recent memory
The Financial Conduct Authority's pricing review will bring the most “endemic” change the insurance market has experienced in a long time and the work that comes with it should not be underestimated, according to Axa Retail CEO Tara Foley.
WTW takes Wegbrans from Aon as global head of broking
Willis Towers Watson has swooped for Hugo Wegbrans from Aon as global head of broking and broking strategy within its risk and broking business segment.
Mumenthaler named Geneva Association chairman as Blanc joins board
Swiss Re CEO Christian Mumenthaler has been made chairman of the Geneva Association with Aviva CEO Amanda Blanc joining its board.
Atradius UK appoints country manager
Oliver Ford has been named country manager at Atradius UK.
Ardonagh's Inver Re names Nick Griffiths director
Nick Griffiths has joined the Ardonagh Group’s Inver Re as a director.
Rob Gibbs leaves RSA as Lee Mooney and Steve Watson step up in Intact specialty integration
Rob Gibbs, commercial lines managing director at RSA, has decided to leave after 23 years with the business, the insurer has confirmed.
SFO spent £9.5m on Quindell investigation
The Serious Fraud Office spent £9.5m on its six-year criminal investigation into historic accounting practices at outsourcer Quindell, Post can reveal.
COP26 Round up: Week two
Post rounds up the insurance news and announcements from the second week of COP26 in Glasgow.
FSCS cancels 2021/22 retail pool contribution but forecasts £900m levy for following year
The Financial Services Compensation Scheme has dropped its 2021/22 levy to £717m from a forecast £833m as it cancelled the predicted £116m contribution to the retail pool.
Lemonade acquires Metromile; Convex unveils 'multi-million-dollar partnership'; MNK Re launches UK arm and Chaucer in insurtech tie-up
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Hannah Gurga to succeed Huw Evans at ABI
Hannah Gurga will become the next director general of the Association of British Insurers taking up the post in early 2022, the trade body has confirmed.
Allianz appoints Chris Varley as chief analytics officer
Allianz Insurance has recruited Chris Varley from Willis Towers Watson for the newly created position of chief analytics officer.
Allianz recognised in first Laureus Sport for Good Index
Allianz was the only insurer among 29 brands listed in the inaugural Laureus Sport for Good index launched at the UN Climate Change Conference, COP26 in Glasgow.
ABI expresses disappointment over government regulatory framework consultation
The government’s second consultation on regulatory framework reform has received a mixed response from trade bodies.
A-Plan posts rising Ebitda and stable turnover
A-Plan has reported a 5% rise in Ebitda to £36.3m with turnover of £109.4m for the year ended 28 February 2021.
Insurance industry climate change commitments lacking action plans, says Carbon Chain co-founder
Insurance industry is behind other industries when it comes to taking action on climate change, according to Carbon Chain chief operating officer and co-founder Roheet Shah.
All Clear and Insure & Go strike five year deal with Zurich after Mapfre exits UK travel market
Travel insurance specialists All Clear and Insure & Go have signed a five year agreement with Zurich as they "gear up" for the opportunities that lie ahead as travel levels return back to normal.
Prestige Underwriting appoints Eoin Reynolds as Ireland general manager
Eoin Reynolds has been named as Prestige general manager for Ireland and executive director at Prestige Underwriting Services Ireland.
Flood Re CEO warns that flood resilience is not being prioritised
Andy Bord, CEO of Flood Re, has called for increased focus on adaptation measures to cope with climate change that “is already in the system”.