News
Rupert Moore to succeed Nick Frankland as UK CEO of Aon’s reinsurance solutions
Aon has appointed Rupert Moore to take over from Nick Frankland in leading its reinsurance solutions in the UK as part of a global management reshuffle.
WH Smith to launch ‘digital first’ insurance lines; WTW lines up first acquisition after Aon merger collapse; Converys Europe strikes fourth deal and Higos buys in Cornwall
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva invites applications for largest ever Broker Community Fund pot of £300,000
The Aviva Broker Community fund will return in September with £300,000 ready to be distributed to local causes and groups, the largest total to date on top of over £1.3m already given out across more than 320 grants since 2011.
Government names John Edwards as preferred pick to lead ICO
The government has named John Edwards, currently New Zealand’s privacy commissioner, as its choice to succeed Elizabeth Denham as the next information commissioner and revealed plans to consult on reforms to the UK’s data regime.
GRP swoops for Duncan Carter from Marsh as retail CEO
Global Risk Partners has appointed Duncan Carter as retail CEO joining from Marsh UK where he was head of placement and networks.
FCA fires fair value warning shot
The Financial Conduct Authority has raised concerns that some insurers and intermediaries are showing slow progress in making sure products meet customer needs.
Swiss Re signs $10m carbon removal deal to tackle climate change
Swiss Re has partnered with Climeworks in a $10m (£7.3m) deal over 10 years to combat climate change using direct air capture and storage of carbon dioxide technology.
Zurich recruits Peter Kasahara as group chief data officer
Zurich Insurance Group has appointed Peter Kasahara as group chief data officer joining from PWC.
Ki appoints Richard Hodgson as chief technology officer
Ki, the fully digital and algorithmically-driven Lloyd’s syndicate from Brit launched in collaboration with Google Cloud, has recruited Richard Hodgson to the newly created role of chief technology officer.
Hemming bullish on growth at Aviva as survey shows solid broker optimism
Research by Aviva has shown optimism among brokers about their trading prospects for the second half of the year as the UK reopens from Covid restrictions.
Noise-induced hearing loss tops shrinking Elto enquiries in 2020
Total enquiries to the Employers' Liability Tracing Office fell in 2020 as more people worked from home, with noise-induced hearing loss continuing to top searches.
Analysis: The rise and flood risk of the super basement
Post investigates the rise of 'iceberg homes' and how they have pushed up claims costs after July's London floods.
Stephen Hester takes wing to Easyjet after RSA sale
Former RSA group CEO Stephen Hester will become Easyjet chair later this year.
ABI publishes child sexual abuse claims code in response to inquiry
The Association of British Insurers has this month published a code of conduct for insurers handling child sexual abuse claims, following criticism of tactics by an inquiry.
Marsh and Citi support vaccine efforts; Hudson takes majority Occam stake; Simply Business in Barclays tie up; Aston Lark strikes Irish deal; RAC picks Premium Credit
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Staff at risk as A-Plan owned Endsleigh opens restructure consultation
Endsleigh has confirmed that people are at risk of redundancy from its restructure plans as it opened a 30-day consultation.
Ardonagh adds £900m to firepower as Ebitda rises and losses narrow
Ardonagh has posted a 33.4% rise in income and a 42.4% increase in Ebitda for the first half of 2021.
Dual targeting $3bn GWP within five years after Align buy
Howden-owned Dual can create a “really unique position in the market” as a specialist underwriting managing general agent and push for substantial further growth on the back of the deal to buy US firm Align Financial, CEO Richard Clapham told Post.
Ross Dingwall swaps Hiscox for Partners&
Partners& has recruited Ross Dingwall as managing partner for Scotland from Hiscox UK where he was distribution director, overseeing broker, direct, schemes, partnerships and marketing.
Swiss Re appoints Jason Richards as UK and Ireland CEO
Swiss Re has named Jason Richards as country president and CEO of UK and Ireland effective 1 January 2022.
Zurich’s Peter Hamilton appointed disability and access ambassador for government disability unit
Zurich’s head of market engagement Peter Hamilton has been picked by the government to represent the insurance sector as one of 12 new disability and access ambassadors.
Carl Hess to succeed John Haley as WTW CEO
Willis Towers Watson has named Carl Hess as president and CEO with John Haley set to retire at the turn of the year.
FCA yet to fully investigate more than half of Covid whistleblowers’ reports
Exclusive: The Financial Conduct Authority has yet to close investigations into more than half of the reports made by Covid whistleblowers in the first year of the pandemic, with general insurance businesses among firms that have faced allegations.
Willis Re buy a growth not a synergy story, say Gallagher chiefs
The up to $4bn (£2.9bn) purchase of Willis Re will be a manageable integration costing $250m over three years, according to the leaders of Gallagher.