News
NormanMax set to acquire FloodFlash
Floodflash has agreed terms to be acquired by US parametric firm NormanMax, subject to FCA approval.
Zurich warns Labour’s £1.6bn pothole pledge won’t make a dent
Zurich Municipal has warned the extra £1.6bn Labour pledged to tackle potholes falls far short of the £15.6bn needed to repair the local road network.
Settlement reached in Covid event cancellation dispute
A $90m (£71.2m) reinsurance dispute involving several Lloyd’s syndicates over losses incurred by Covid-enforced event cancellations in the US and UK during 2020 and 2021 has been settled.
ABI appoints Phoenix’s Briggs as president
Andy Briggs, CEO of Phoenix Group, pictured, has been named as president for the Association of British Insurers for the next two years, replacing Zurich's Tim Bailey.
CII launches executive MBA in Islamic Insurance
The Chartered Insurance Institute and University of Greater Manchester have launched an Executive MBA in Islamic Insurance and Risk Management.
NatWest strikes embedded finance deal with AA
From the end of next month, The AA will offer NatWest Boxed’s instant access savings account to their roadside recovery customers.
Lyons returns to UK as Gallagher specialty CEO
Gallagher has appointed Sarah Lyons as CEO of its London-based specialty division, succeeding Jonathan Turner, who is leaving the post after five years.
QBE achieves almost 20% uptick in UK revenue
QBE saw the revenue it received for insuring UK risks increase by 19.6% in 2024, according to the group’s annual report.
Court’s judgment will have far-reaching corporate insurance ramifications
The Court of Appeal has handed down its latest judgment in relation to Covid-related business interruption insurance claims, with some of its findings likely to have significant ramifications for commercial lines insurance more broadly.
Thatcham and Elixirr partner; Lockton’s facility; Cowbell joins ABI
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Direct Line dissolves internal incubator as part of cost saving
Direct Line Group has dissolved its ecosystems team, the part of the business that specialises in delivering new products for the group, Insurance Post has learned.
Prestige chosen as a ‘preferred partner’ for Ardonagh Advisory
Prestige Underwriting is partnering with with Ardonagh Advisory on non-standard insurance products, Insurance Post can reveal.
UK pet insurance shifts from sales to process focus
August Von Sydow, chief commercial officer at pet claims automation insurtech Wisentic has said the UK pet insurance market has shifted from being sales-focused to process-focused due to increased adoption.
Motor insurance taskforce ‘still alive’ but ‘needs CPR’
Sources have told Insurance Post that the government's motor insurance taskforce has lost momentum and is “in need of CPR”, but is still alive.
Zurich UK sees 57% jump in P&C profitability for 2024
Zurich UK has this morning revealed it improved its property and casualty profitability in 2024 by 57% compared to the year before, from just a 4% increase in gross written premiums.
Insurers favour internal talent for cyber team growth
Insurance companies are looking to double their cyber teams but are primarily focused on internal hiring, according to Cyber Insurance Academy CEO and co-founder Guy Simkin.
‘Coordinated action’ required to bring premiums down, says ABI
The director general of the Association of British Insurers, Hannah Gurga, has told Insurance Post that collaboration between the industry and government can offer ‘practical solutions’ to industry issues.
Nigel Walsh reveals next move following Google exit
Nigel Walsh, who revealed he was stepping down as Google Cloud’s global head of insurance, has announced his next move.
Atrium CIO backs AI for broker submission insights
The ability of generative artificial intelligence to provide insight from unstructured data in broker submissions is a key use case for underwriters, according to Atrium chief information officer Justin Emrich, who is soon retiring after 41 years in the…
Dual brings together businesses under single UK brand
Dual has brought several of its subsidiary businesses together under a single UK brand, as part of a broader global rebrand.
Direct Line expected to return to profit ahead of Aviva vote
Investment bank Peel Hunt has predicted Direct Line Group will return to profit for the full year 2024, weeks before it is due to release its results and vote on the deal with Aviva.
JMG Group to maintain M&A spree in 2025
JMG Group has announced its intention to continue its acquisition strategy into 2025, following more than 20 acquisitions in 2024.
Over one in four businesses impacted by protests and civil unrest
More than one in four UK businesses were impacted by civil unrest last year, according to research from Gallagher.
Blockchain insurtech wins Norton Rose Fulbright accelerator
Blockchain insurtech Opencover has won £50,000 of investment and legal advice at the Norton Rose Fulbright 2025 Insurathon.