News
War and extreme weather top global risk ranking
State-based armed conflict has topped the World Economic Forum’s list of short-term risks, while extreme weather events dominate landed the long term top spot.
Pothole breakdowns up by fifth in Q4
Pothole-related breakdowns increased by 17% in Q4 2024 compared to Q3, according to breakdown data from the RAC’s Pothole Index.
City minister Siddiq is replaced by Reynolds
Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.
Lloyd’s broker CEO under investigation for sexual misconduct
Insurance Post understands the CEO of a Lloyd’s broker is under investigation for sexual misconduct and drug use, among other things.
Urban Jungle expands to offer travel insurance
Urban Jungle has launched a travel insurance offering, claiming to be the “first UK insurtech” to offer both home and travel policies.
Aviva accused of ‘greenwashing’ by campaigners over tree removal
Aviva has drawn criticism from the residents of Wivenhoe, Essex, over plans to chop down a 120-year-old oak tree to tackle nearby subsidence.
Eddie Longworth named e2e CEO
Eddie Longworth, founder and director of JEL Consulting, has been named CEO of e2e Total Loss Vehicle Management.
Franco Manca pizzeria owners deliver lawsuit to insurer
The owner of the Franco Manca chain of pizzerias is suing QIC Europe for a payout for losses it suffered due to Covid-19 restrictions in 2020.
IS2 more than doubles revenue in three years
In 2024, IS2 has reported a 50% growth in revenue compared with the previous year, contributing to the firm growing revenue by 125% since 2021.
At least 7,000 buildings hit by Midlands floods
At least 7,000 buildings have been affected by flooding across the East Midlands earlier this week, according to satellite monitoring firm Iceye.
Insurethebox ceases offering renewals or policies
Insurance Post has learned that Insurethebox, a telematics brand within Aioi Nissay Dowa, has informed existing customers that their policies will not be renewed.
Impact of LA wildfires on insurers laid bare
As insurers brace for billions of dollars of losses due to the damage done by the Los Angeles wildfires, experts have warned it could take years to rebuild the homes of Hollywood stars.
QuestGates buys Brownsword; Woodgate & Clark integration; Vitality’s health CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
DLG launches scheme to raise vehicle repair standards
Direct Line Group has launched a Vehicle Damage Assessor accreditation programme, recognised by the Institute of the Motor Industry.
Climate activists target Marsh’s Manchester office
Climate protesters entered the lobby of Marsh’s Manchester office on Wednesday (8 January) calling on the firm to reject fossil fuel projects and become “climate heroes”.
Regulator aims to make it easier for insurers to invest
The Prudential Regulation Authority is proposing to make it easier for insurers to invest within their matching adjustment portfolios, according to CEO Sam Woods.
Motor insurance premiums down 16% year on year
The latest General Insurance Price Index from Pearson Ham Group for Q4 2024 has highlighted a sharp decline in motor insurance premiums, as well as the first reduction in home premiums for a while.
Lloyd’s CEO Neal to step down and join Aon this year
Lloyd’s CEO John Neal will step down this year to join Aon as its global CEO of reinsurance and global chairman of climate solutions.
Direct Line adds to top team after accepting Aviva bid
Direct Line Group has confirmed three appointments to its executive committee, shortly after reaching an agreement for Aviva to buy the business for £3.7bn.
Hiscox lands former Axa COO as group chief operations and technology officer
Hiscox has appointed former Axa UK & Ireland chief operating officer Shali Vasudeva as its group chief operations and technology officer, replacing Stephane Flaquet.
Insurers respond to Labour’s social care plan
Insurers have reacted cautiously to Labour’s health secretary Wes Streeting's recommendation that Dame Louise Casey’s commission into the reform of social care consider using insurance to fund costs.
Extent of hollowing out of travel insurance uncovered
Almost nine out of 10 (88%) of travel insurance products no longer provide cover for scheduled airline failure, data from Defaqto has revealed..
Hastings sends customers refund email ‘in error’
Hastings Direct has sent out an email to various customers claiming they are due a refund, but has since admitted it was sent out “in error”.
Iprism secures Zurich capacity for commercial products
Iprism has signed a multi-year capacity deal with Zurich, where the latter will provide property and casualty capacity for the former's property owners and commercial combined products.