News
Lack of tech standards stifles premium finance competition
A “lack of standards” in technology has prevented the UK premium finance market from developing as quickly as others across the world, according to Steve Wallis, European representative for Red Planet Software.
Insurance Museum kicks off £3m fundraising for EC3
The Insurance Museum has launched a major fundraising campaign to realise its ambitions to open a museum in London’s EC3 postcode dedicated to the industry in three years’ time.
Beazley’s share price surges following Zurich bids
Following Zurich’s improved proposal to acquire Beazley for 1280p per share, the cyber insurer’s share price has jumped up by around 44%.
Zurich submits proposal to acquire Beazley
Zurich has submitted a proposal to acquire Beazley outright for a price of 1280p per share, which values the specialty insurer at approximately £7.7bn.
Defaqto buys Pearson Ham’s pricing business for £11m
Defaqto has acquired Pearson Ham Group’s market pricing business for £11m in a bid to become the “single source of truth” for retail financial services.
Ki offers tech stack to brokers
Ki is open to making its technology stack available to brokers developing their digital capabilities.
Allianz x Anthropic; Lockton’s data service; CFC's CUO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
PWC’s Bichard replaces Cliff as Lloyd’s CFO
Lloyd’s chief financial officer Alexandra Cliff is set to leave her position and be replaced by Jim Bichard, who is currently head of PWC’s global insurance practice.
PRA cuts frequency of meetings with insurers
The Prudential Regulation Authority has said it will cut the frequency of regular supervisory meetings with insurers in a Dear CEO letter published on Thursday.
First Central moves a step closer to IPO
First Central has confirmed it is moving a step closer to an Initial Public Offering as it is looking to hire corporate advisers.
Biba’s manifesto requests new Financial Services Bill in 2026
The British Insurance Brokers’ Association launched its manifesto for 2026 today (14 January), titled ‘Economic resilience’. Tom Luckham breaks down the main points, including a focus on cyber and a legislative wish list.
Agentic AI vision fails to match reality for two-thirds of insurance firms
Two-thirds (65%) of insurance companies admit there is a gap between their agentic artificial intelligence vision and the current reality, according to research by automation platform Camunda.
Serial fraudster jailed for exaggerated bag claim
A man has been sentenced to two years in prison after pleading guilty to fraud by false representation and breaching a Serious Crime Prevention Order.
CII uproots HQ once again
The Chartered Insurance Institute is moving its headquarters and London base for the third time in less than a decade.
FOS travel referrals hit post-pandemic highs
As the Financial Ombudsman Service announces its resolution targets for 26/27, analysis shows travel insurance complaints increased by over 58% year-on-year in Q3.
Axa hires Dunn from Zurich as Commercial CUO
Axa UK Commercial has appointed Zurich’s Caroline Dunn to succeed David Ovenden as chief underwriting officer.
EE introduces unlimited gadget insurance policy
EE has launched a gadget insurance policy covering multiple devices in partnership with Chubb.
Storm Goretti sees Crawford’s claims levels triple
Crawford and Company has reported a tripling of its claims frequency in the aftermath of Storm Goretti, which hit the UK last week.
Inflexion acquires Ascend in regional broking push
Private equity firm Inflexion has bought Essex-based broker Ascend, with the two announcing the launch of a new broking platform focussed on the regional broking market.
Why Hadron CEO Johnson won’t repeat previous fronter playbooks
Colin Johnson, CEO of Hadron International, has explained why the playbook he is using at his new fronting insurer is not simply a repeat of those used by rivals.
Admiral CFO to retire
Admiral’s CFO Geraint Jones is set to retire and be replaced with UK insurance CFO Rachel Lewis.
More than half of UK customers use credit to pay premiums
57% of customers use a form of credit to pay for one or more insurance policies they have, a Premium Credit survey has shown.
And-E claims expansion prompts Newcastle hiring spree
Aioi Nissay Dowa Insurance Europe plans to increase its UK claims headcount by 30% by the end of 2026, as part of the expansion of its Newcastle-based Claims Centre of Excellence.
KGM x Zurich; CFC’s cyber cover; LMA’s underwriting director
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.