News
Close pulls back from PL; Howden’s crypto cover; Axa’s CFO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
ABI reveals £104m Covid fund’s impact
The ABI has announced a partnership with the National Emergencies Trust alongside the publication of a report outlining the impact of funds donated to a range of charities by the industry during the Covid-19 pandemic.
Warning issued over improperly discarded lithium ion batteries
Lee Masson, MD of Halliwell Forensics, has called for focus on how batteries are discarded and entering the waste stream, as these pose a real fire threat.
PIB walks away from Gallagher deal
PIB has pulled away from negotiations surrounding an acquisition, as it announces a debt raise of £400m.
VW opts for Allianz as motor insurance provider
Allianz UK has struck a five-year deal with Volkswagen Financial Services UK to become the underwriter and administrator for its motor insurance offering.
Protestors stage own ceremony outside British Insurance Awards
Climate change activists from Insure Our Survival protested outside this year’s British Insurance Awards, lying down on the event’s red carpet and staging their own awards ceremony on the pavement outside the Royal Albert Hall.
CII acts after racist backlash to advertising campaign
The Chartered Insurance Institute has taken action against a wave of racist and inflammatory comments posted in response to one of its marketing campaigns.
British Insurance Awards 2025 winners revealed
Aviva was crowned General Insurer of the Year and Airmic CEO Julia Graham, pictured, took home the Achievement Award at the 2025 British Insurance Awards last night (9 July).
Nexus opens investigation over CEO’s ‘offensive’ email
Brown & Brown-owned Nexus Underwriting has opened an investigation after the MGA’s CEO sent an all-staff email which caused offence.
Insurance Post crowned Best Publication at Biba Media Awards
Insurance Post has been named Best Publication at the 43rd British Insurance Brokers’ Association’s Journalist & Media Awards, securing the prestigious accolade for the first time since 2019.
Insurers explore alternatives to blanket PFAS exclusions
Insurers are keen to take a “nuanced approach” to underwriting liabilities associated with so-called ‘forever chemicals’, according to Clyde & Co legal director Natasha Lioubimova.
FSCS pays out £134m despite zero insurance firm failures
The Financial Services Compensation Scheme paid out £134m to customers of failed insurance companies in the 12 months to 31 March 2025, despite no new failings in that time.
Pets at Home to launch insurance
Pets at Home is launching its own pet insurance product in the UK early next year.
Insure Our Survival scopes arms insurers following Palestine Action ban
Insure Our Survival, a breakaway campaign that originated from Extinction Rebellion, is set to target insurance companies it alleges are underwriting arms linked to human rights abuses and genocide.
Aviva, Saga, and LV lead the pack in customer satisfaction
Saga Insurance, Aviva, and LV have been named the top-performing insurers in customer satisfaction.
Sky and Zurich to part ways
Sky Protect is moving to a panel structure as its partnership with Zurich enters run-off, Insurance Post has learnt.
Lloyd’s managing agent authorisation process to be streamlined
The Prudential Regulation Authority, Financial Conduct Authority, and Lloyd’s have agreed to streamline the process of regulatory approval for Lloyd’s managing agents.
Dashcam footage exposes fake injury claim against Axa
A £74,000 personal injury and vehicle damage claim against Axa has been rejected after dashcam footage showed the claimant wasn’t even in the vehicle at the time of the collision.
MGA satisfaction with claims processes hits new low
Clyde & Co’s 2025 MGA Opinion Report has found that managing general agent claims management process dissatisfaction has worsened over the past two years.
SiriusPoint International on track to hit $750m GWP this year
SiriusPoint International is on track to write in the region of $750m of premium by the end of 2025, Post can reveal.
Atec Group CEO outlines plan to buy bolt-on businesses
Brendan Devine, CEO of Atec Group, has revealed how he will triple the size of the business in the next five years through a combination of M&A and organic growth.
Hybrid fronts tipped to become ‘prevailing’ insurance model
Hybrid fronting is increasingly gaining market acceptance and has the potential to become the “prevailing” model of insurance, Bridgehaven chairman Erik Matson has said.
MBC’s Clear rebrand; MS Amlin’s simplification; CFC chief tech officer
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
FCA’s Brewis reacts to CPD backlash
The Financial Conduct Authority’s director of insurance Matt Brewis has responded to criticism of the regulator’s proposal to ditch the requirement for 15 hours of continuous professional development a year.