News
Policy Expert’s profit skyrockets 500%
Policy Expert has today (25 June) released its financial results for the 12 months ending 31 March 2025, reporting an increase in pre-tax profit of more than 500%.
Students warn class barriers remain despite insurance diversity push
Students from the Sixth Form College Farnborough have shared that while diverse early careers programmes are helpful, certain barriers to gaining insurance careers persist due to classism.
Ferma elects Philippe Cotelle as president
The Federation of European Risk Management Associations has elected Airbus Defence and Space’s Philippe Cotelle as its next president.
Claims and Fraud Awards 2025 shortlist revealed
Insurance Post can reveal the businesses and individuals who have been shortlisted for the 2025 Insurance Post Claims and Fraud Awards.
Direct Line leader exodus continues ahead of Aviva deal
Insurance Post can reveal that more members of Direct Line Group's leadership team are set to leave the business ahead of the firm’s move over to Aviva next week.
Co-op expands travel cover and calls on industry to take note
Ellis German, head of travel insurance at Co-op Insurance, has said that, following Co-op's expansion of travel coverage to customers awaiting medical diagnoses, he hopes others in the industry will think more about accessibility.
Direct Line’s Winslow and Poole to step down
Adam Winslow and Jane Poole will both step down from their roles once Aviva completes its acquisition of Direct Line Group.
Strong innovation mindset key to MGA appeal
Research from Corin Underwriting has revealed that brokers are drawn to MGAs with a strong commitment to innovation, community engagement, and talent development.
M&S and Co-op cyber attacks could cost up to £440m
The Cyber Monitoring Centre has categorised the recent cyber attacks on M&S and Co-op as a category two incident, estimating the combined financial impact of the attacks at £270m to £440m.
First Central appoints ex-Endsleigh CEO as NED
Former Endsleigh CEO Alison Meckiffe has joined First Central as an independent non-executive director as talks around a flotation pick-up speed.
McGill’s battery cover; Aviva’s mid-market enhancement; Kennedy’s COO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Marine insurance costs increase amidst Israel-Iran conflict
As a result of the Israel-Iran conflict marine insurers are now charging 0.2% of the value of a ship for journeys into the Gulf, according to data from insurance broker Marsh McLennan.
Zego CEO chooses New York over London for future IPO plans
Zego CEO Sten Saar has confirmed that if he were to choose a location for an IPO today, he would opt for the New York Stock Exchange over London.
How court’s credit hire ruling will impact insurers
Graeme Mulvoy, partner at law firm HF, has revealed the short-term and likely ongoing impact for the insurance industry of last week’s Court of Appeal decision that credit hire organisations are responsible for the costs of unsuccessful litigation.
Lockton’s Owen argues arts sponsorships outshine sports
Richard Owen, partner at Lockton, has argued the broker’s partnership with The Tate's art galleries is preferable to more commonplace sports partnerships because it encouraged creativity among the organisation's brokers and helped create a more inclusive…
RSA’s Norgrove warns insurers alone can’t solve climate losses
RSA UK and International CEO Ken Norgrove has warned that insurance alone can’t solve climate-linked losses, urging the industry to have greater focus on resilience, adaptation, and stronger construction rules.
Allianz cutting 650 UK insurance jobs
Allianz has confirmed plans to cut 650 jobs in its UK insurance business.
NFU Mutual CIO predicts AI decision-making within decade
NFU Mutual chief information officer Tim Mann has argued that artificial intelligence will be making decisions in underwriting, claims and pricing within the next 10 years.
Changing nature of cyber threat leads to ‘brittle’ risk landscape
Beazley’s group chief underwriting officer, Paul Bantick, has said the cyber pricing environment is at a “pivotal stage”, describing it as “brittle” due to the changing threat landscape.
LMA chief calls for international collaboration to cover large losses
Sheila Cameron, CEO of the Lloyd’s Market Association, has called for the industry and global government bodies to collaborate more in order to fill the protection gap currently present for large, catastrophic risks.
Insurers exposed for pricing bias over payment preference
Some insurers and brokers on price comparison websites are inflating motor premiums based solely on whether a customer indicates a preference for paying monthly instead of annually, an investigation by Insurance Post has revealed.
Lloyd’s chair reveals how he’ll measure market’s success
Sir Charles Roxburgh, chair of Lloyd’s, has addressed concerns the London market is losing ground to Bermuda and shared how he will measure whether Lime Street is still the pre-eminent place in the world to write risk.
Axa is winning race to adopt AI at scale
Axa has emerged as the global front-runner in artificial intelligence adoption, according to the inaugural Evident AI Index for Insurance.
Axa offers domestic abuse support to motor and home customers
Axa Retail has partnered with two charities, Women’s Aid and Smart Works, to offer support for Axa car and home insurance customers in the UK who are experiencing domestic abuse.