News
GRP deal for WTW NI business still on after mega-merger collapse
Global Risk Partners has confirmed to Post that its agreement with Willis Towers Watson to buy WTW’s commercial risk and broking business in Northern Ireland will still go ahead despite the cancellation of the WTW-Aon merger.
'Unpleasant financial results' in store unless motor insurance market turns, says Sabre's Carter
The soft motor insurance market needs to turn sooner rather than later if some market players are to avoid “unpleasant financial results” in the years ahead, Sabre CEO Geoff Carter has warned.
Gallagher to cancel debt and investigate share buyback as Willis Re deal thwarted
Arthur J Gallagher has confirmed the termination of its deal to buy certain assets from Willis Towers Watson including Willis Re for $3.57bn (£2.52bn) and laid out plans for the funds as the Aon-WTW merger collapsed.
Bought By Many names Oshlyansky first chief product officer
Bought By Many has appointed Lidia Oshlyansky, who has worked for Spotify and Google, as chief product officer.
Aon share price soars as WTW and Gallagher’s dip after mega-deal termination
Aon’s share price rose as its mega-merger with Willis Towers Watson was terminated, while its deal partner and rival Gallagher’s fell.
Pub chain Stonegate's BI policy limits challenge could spell trouble for insurers
A business interruption claim for Covid-19 losses brought by the Stonegate Pub Company against three insurers could cause the cost of the pandemic to the wider insurance market to rocket if it is successful, lawyers have told Post.
Analysis: What's driving motor pricing?
Motor insurance pricing is set for a period of volatility in the months to come, as insurers remain tight-lipped on whether they are taking a ‘pig’, ‘sheep’, ‘ferret’ or ‘cat’ approach to cope with regulatory changes
Conor Brennan to lead acquisition vehicle Ardonagh Europe
The Ardonagh Group has made Conor Brennan CEO of Ardonagh Europe as it prepares to take its buy-and-build model to the continent.
Aon-WTW merger cancelled after DOJ legal impasse
Aon and Willis Towers Watson have ended their merger plans, citing the “impasse” with the US Department of Justice.
Former top civil servant Sedwill joins Lloyd's Council
Mark Sedwill, Baron Sedwill of Sherborne, formerly the UK’s top civil servant, has been appointed to the Lloyd’s Council as senior independent director and deputy chair.
Beazley touts cyber claims frequency reductions as it returns to profit
Underwriting action taken at Beazley towards the end of last year has cut cyber claims frequency in half, the insurer revealed on Friday as it reported a $167.3m (£121.8m) pre-tax profit for the first half of 2021.
WTW sells Irish arm to GRP; motor premiums hit five year low; Questgates acquires two firms and LV tops new customer experience report
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Hand sanitiser slips and stress claims warning as leisure and hospitality reopens
Hand sanitiser slips and stress are among the risks employers in the leisure and hospitality sector need to be aware of in the wake of Covid restrictions being lifted, lawyers at Keoghs have said.
James Reader steps down as Covéa CEO
James Reader has stepped down as CEO of Covéa for personal reasons, the company has confirmed.
View from the top video: Diversity and inclusion in insurance
In this exclusive interview recorded as part of the Insurance Post Live Annual Conference an expert panel described the D&I challenge in insurance.
DLG to take Motability deal and 550 staff from RSA
RSA Motability staff are set to transfer over to Direct Line Group with the latter having agreed a takeover of the partnership.
Hiscox CEO Bronek Masojada to retire as insurer names successor
Hiscox CEO Bronek Masojada, who has been in post for 21 years, intends to retire at the end of the year.
Best Insurance Employer shortlists revealed ahead of 2021 British Insurance Awards
Earlier this year Insurance Post canvassed the opinions of thousands of insurance employees by way of the second annual Best Insurance Employer Survey.
Insurance firms urged to review dress codes to boost gender inclusion
The Gender Inclusion Network has urged insurance companies to review their dress codes as part of a broader effort to build knowledge and acceptance of non-binary and trans identities in the market.
Aviva report highlights need to 'act now' on UK climate risk
Aviva has published a seven step plan calling on the government and industry to prepare at risk homes, businesses and schools for weather events.
View from the Top video: Tackling climate change - managing emerging risks and reducing carbon
In this exclusive interview recorded as part of the Insurance Post Live Annual Conference 2021 William McDonnell, group chief risk officer at RSA, addresses the risk that climate change poses to insurers.
Airmic appoints Easy Jet's Claire Combes as next chair
Airmic has appointed Claire Combes, director of risk and assurance at Easy Jet, as its next chair, effective 1 September.
Q&A: Sian Fisher, CII
With ongoing arguments about the outcomes of the 2016 manifesto, the sale of Aldermanbury, proposals to deregister the Personal Finance Society, exam problems and more, Post posed key questions to Sian Fisher, CEO of the Chartered Insurance Institute.
Neil Utley and Matthew Donaldson take directorships at Markerstudy business Venus
Former BGL boss Matthew Donaldson and ex-Hastings chairman Neil Utley have taken on directorships in a Markerstudy company, Post can reveal.