News
PL mega-mergers fuelling capacity fears among brokers
Martyn Mathews, managing director at SSP Broker, has said looming mega mergers such as Aviva-DLG and Ageas-Esure are fuelling capacity concerns among motor brokers.
No Way Holmes: Allianz CEO mistaken for The Hulk
Fans of the Marvel Cinematic Universe have mistaken Allianz Holdings CEO Colm Holmes for Bruce Banner, the alter ego of the Incredible Hulk, after his likeness was spotted in photos taken on the set of the latest Spider-Man film.
Compare the Market finds pet owners lack home insurance
Compare the Market has today published research that has found more than half (52%) of pet owners do not have sufficient home insurance.
DynaRisk to grow out global teams following $4.7m fundraise
Cyber insurance risk management and analytics firm DynaRisk has announced a $4.7m (£3.5m) fundraise, led by YFM Equity Partners.
No NatCat respite predicted as property pay-outs increase
Natural catastrophes will not give any respite to insurers in 2025 according to Willis, as UK property pay-outs hit £1.6bn for Q2 2025.
Ransomware ban could increase ‘administrative burden’ on victims
Tom Draper, managing director, UK, at Coalition, has told Insurance Post the insurance industry has a role to play in guiding firms through cyber requirements of the government’s proposed ransomware payment ban.
Warning signs re-emerge in motor after poor inflationary reaction
The personal motor insurance market may have returned to profit in 2024 but experts at WTW have warned that doesn’t mean pricing problems are solved.
MGA platform Launch closes in on UK debut
Managing general agent platform Launch Underwriters is closing in on getting its first UK MGA off the ground, Post can reveal.
Bridgehaven makes acquisition to unlock EU MGA market
Bridgehaven has acquired Dublin-based insurer SureStone Insurance DAC, which will serve as its launchpad into the European managing general agent market.
Storm Éowyn losses creep up again to £650m
Perils has increased its industry loss estimate for Storm Éowyn for a third time from €696m (£592m) to €747m (£650m).
West Ham’s broker partner; Aviva’s enhanced freight liability; Zurich’s CTO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
WTW Networks MD teases ‘transformational’ plans
John Read, managing director of WTW Networks has noticed a reduction in consolidation, and teased some “transformational” changes at the firm.
Allianz recruits from RSA for MGA-facing role
Allianz Commercial has recruited Daniel Head from RSA as head of delegated authority and portfolio solutions for UK global and international markets.
Compare the Market working with Cambridge University on AI
Compare the Market and the University of Cambridge have committed to a long-term academic partnership involving data science and artificial intelligence skill development, Insurance Post can reveal.
Chubb accused of coal underwriting u-turn
Chubb has reportedly reversed its coal underwriting policy by becoming the lead reinsurer for a coal-fired power plant in Vietnam.
MS Amlin drafts Dart as CEO Carrier departs
MS Amlin has appointed former Brit chief underwriting officer Christiern Dart as its next CEO, succeeding Andrew Carrier.
Zurich growth not enough despite new business surge
Zurich saw new business for its UK regional business increase 20% in the first half of the year, but the insurer’s head of retail commercial Morgan Lyons believes it can boost that further, despite competitive market conditions.
DWF and insurers win in personal injury data dispute
A High Court judgment has dismissed claims against DWF Law brought by Ersan and Co Solicitors, reinforcing the rights of insurers and their legal teams to process data in suspected fraudulent personal injury claims.
Courtroom verdict could give policyholders larger Covid payouts
The High Court has ruled that policyholders with multiple premises are able to claim with separate limits of indemnity at each premises with regard to Covid business interruption claims.
African insurer to return to the UK as a Lloyd’s Syndicate
African insurer Santam has been granted in principle approval by Lloyd’s to launch a syndicate.
Aon’s head of captives reveals checklist for UK regs
Following Aon’s announcement last week that it is setting up a UK captives management company, global head of captives Ciáran Healy has outlined the broker’s plans and what it wants to see from the prospective regime.
FCA admits profiteering didn’t push up insurance prices
The Financial Conduct Authority has acknowledged the recent surge in motor insurance premiums was driven primarily by external cost pressures rather than excessive profiteering by insurers.
FCA lays out road map to tackle motor insurance costs
The Financial Conduct Authority has outlined what caused motor insurance costs to skyrocket in recent years and explained the steps the regulator, providers and the government should take to reduce premiums.
Raw materials price insurer seeks FCA authorisation
ChAI, a UK startup that allows businesses to manage supply chain risk by insuring against fluctuations in the price of materials, is seeking authorisation from the Financial Conduct Authority to set up its own insurer, Post can reveal.