News
Ageas Retail posts falling revenue but rising profit for 2020
Ageas Retail, which includes the Ageas Direct and Rias brands, has reported an 11% drop in revenue to £76m in 2020 with volumes being impacted by the coronavirus pandemic.
Hiscox chief claims officer Grace Hanson to exit
Hiscox chief claims officer Grace Hanson will leave the insurer at the end of the year, Post has learned.
LMG makes Caroline Wagstaff CEO role permanent
Caroline Wagstaff has been appointed as permanent CEO of the London Market Group having held the job on an interim basis since April.
Upcoming webinar: Digital claims – the final frontier
Within insurance, claims represent the ‘moment of truth’ for customers during their time of need. Digital claims could be the last big hurrah for insurers as they strive to improve combined ratios, gain a competitive edge, and improve the customer…
Dive In Festival: Companies must act to prevent unconscious generational bias, says WTW's Roy
Companies must act to ensure sweeping generational stereotypes are not unconsciously acted upon in the workplace, Willis Towers Watson’s UK chief operating officer Kate Roy has said.
Graham Wright heads to Saga from WTW in pricing director role
Graham Wright has been named Saga Insurance pricing director, joining from Willis Towers Watson.
David Williams to leave Axa
David Williams, managing director of underwriting and technical services, is leaving Axa Insurance after 41 years with the provider.
Dive In Festival: Insurance will fail without inclusivity, says Neal
Diversity and inclusion is “as important as anything else we do, we think it about it every day”, Lloyd’s CEO John Neal has told the audience at the first UK session of this year’s Dive In Festival.
MS Amlin names Robert Wiest as next CEO
Robert Wiest is set to become the next CEO of MS Amlin AG following the departure of Chris Beazley from the Swiss-domiciled reinsurer last month.
Insurers among host of UK businesses urging PM to show 'strong leadership' ahead of COP26
Insurance companies are among a group of more than 80 UK businesses that have urged Prime Minister Boris Johnson to show “strong leadership” to ensure the upcoming COP26 climate summit is a success.
Jensten targeting double-digit organic growth after Tasker buy
The Jensten Group has completed its acquisition of the Tasker Insurance Group – including Tasker Insurance Brokers, Tasker & Partners and Gresham Underwriting – following regulatory approval.
FCA pricing review shifts insurers' attitude to insurtechs, says Urban Jungle CEO
The introduction of the Financial Conduct Authority’s pricing review has shifted attitudes to insurtechs and is leading to insurers competing to work with them, according to Urban Jungle CEO Jimmy Williams.
Sector-wide initiative to support neurodiverse people appeals for industry backing
An organisation championing autistic people and other neurodiverse people within the insurance sector is appealing for financial backing from the industry.
Allianz unveils transitioning at work policy
Exclusive: Allianz Holdings has launched a transitioning at work policy across its UK businesses, including Allianz, LV, Petplan and Home & Legacy.
Listed insurtech market cap surpasses $22bn; motor start-up Adiona plans to take on 'outdated' incumbents; Dale Partners gets Lloyd's green light; and Zurich unveils £750m MGA capacity deal
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Pool Re names ex-BBA boss Angela Knight as chair
Pool Re has appointed Angela Knight as non-executive chair, subject to regulatory approval.
Aston Lark, Aviva and Covéa win big at 2021 British Insurance Awards
Aston Lark and Aviva were the big winners at the 2021 British Insurance Awards on a night when Covéa was crowned General Insurer of the Year.
Covid BI claims payouts top £1bn
Insurers have paid out over £1bn in business interruption claims, according to the latest data released by the Financial Conduct Authority.
Axa adds Sarah Mallaby as distribution and trading director for commercial
Axa UK has appointed Sarah Mallaby, formerly director of broker markets at Allianz Insurance, as distribution and trading director for its commercial business.
Highway Code changes risk 'unintended consequences' for commercial motor
Insurers and lawyers have warned of 'unintended consequences' for lorry drivers and fleet underwriters from next year's Highway Code revamp.
Upcoming Webinar: Watch Aston Lark, Arch and Zurich discuss how to break down barriers to become truly customer centric
Is it too difficult to imagine a world where the policyholder is front-and-centre of everything that an insurance company does?
Lucida adds Pearce as broking CEO and Davenport as CRO
Simon Pearce and Insiyah Davenport have joined Lucida as CEO of the broking division and group chief risk officer.
Healthy capital levels in reinsurance market, says Guy Carpenter
The reinsurance market had $531bn (£384bn) of dedicated capital at the middle of 2021, a $14bn increase on the end of 2020, Guy Carpenter has estimated in association with AM Best.
Female board presence at LMA board almost doubles with appointments
The Lloyd’s Market Association has appointed six board members, bringing a broad range of disciplines to support the market, with the number of females at the group almost doubling to seven.