News
Price comparison sites report return to normality after Covid disruption
Price comparison sites saw the beginnings of a gradual return to pre-pandemic consumer behaviours in May, having seen search volumes plummet in the initial weeks of the lockdown.
Insurers come together for Black Lives Matter
The insurance industry has spoken out against racism and social injustice in light of the recent events.
Complete Cover boosts management team with four hires including ex-Markerstudy and Brightside leader Russell Bence
Non-standard motor specialist Complete Cover Group has recruited a four-strong team of senior managers with experience from Hastings, Kwik Fit, Markerstudy, Brightside and Ageas.
Royal London to absorb Police Mutual
The Police Mutual Group will become part of life and pensions mutual Royal London, a move driven by a need to bolster its financial position, according to Police Mutual CEO John Perks.
US loss adjuster partners with Williams Pitt and Delta for UK and Ireland launch
US loss adjusting group Global Risk Solutions has formally launched in the UK and Ireland with two strategic partnerships - Delta Claims Solutions and Williams Pitt.
Deal pipeline 'vibrant' as ever says PIB's McManus as Germany buy adds reinsurance to roster
PIB Group has added reinsurance broking to its offering by striking its second deal outside of the UK with the purchase of Munich-based Marx Re-Insurance Brokers.
Edelle Michaels replaces Andrew Fyfe as Ifed head
Detective chief inspector Edelle Michaels has been appointed as the head of the City of London Police’s Insurance Fraud Enforcement Department.
Insurance Covid-Cast: Insurtech 100 special – 'AI/Data Analytics' with Concirrus’ Andrew Yeoman and Cytora’s Richard Hartley
In the 21st episode of Post and Insurance Age’s video series we gathered together a duo of start-ups featured in the Insurtech 100, both of which are focused on using artificial intelligence/data to make insurance companies more efficient.
Government's £10bn trade credit support package gets cross-industry welcome
Trade credit insurers operating in the UK market will receive up to £10bn of government guarantees, ministers announced today.
Nearly 500 people set to lose their jobs at Markerstudy
Markerstudy has opened a “redundancy consultation exercise”, the insurer has confirmed.
CEO and founder Erik Abrahamsson departs insurtech Digital Fineprint
Exclusive: The CEO and founder of Digital Fineprint Erik Abrahamsson has left the insurtech he launched in 2016, Post can reveal.
FCA's role evolving as 'product value policeman', says CMS
The Financial Conduct Authority’s new guidance issued today is far more than a helpful steer as the watchdog’s “product value policeman” role develops, according to CMS financial services partner Simon Morris.
FCA enacts guidance on insurance value during Covid-19 crisis
The Financial Conduct Authority has brought new guidance into force with immediate effect, telling insurance businesses to consider the impact of the coronavirus pandemic on the value of their products.
Axa forecasts €1.5bn coronavirus hit and halves dividend
Axa has estimated it will face €1.2bn (£1.07bn) in property and casualty coronavirus related costs along with spending €300m on ‘solidarity measures’.
Insurance Covid-Cast: Insurtech 100 special – 'Wheels Focus' with By Miles, Cuvva, Inshur and Laka
In the 20th episode of Post and Insurance Age’s video series we gathered together a group of start-ups featured in the Insurtech 100 all of whom are focused on insuring ‘wheels’ in the broadest sense.
Zurich takes Baj from Chubb as UK A&H head
Zurich has appointed Stephane Baj as head of accident and health in the UK and multinational joining from Chubb.
Direct Insurance stakes industry first claim with permanent remote working choice for staff
Direct Insurance Group has offered all staff the choice and flexibility of working from home, in the office or a mixture of the two on a permanent basis, Post can reveal.
FCA BI test case gives law firms and businesses pause for thought
The Financial Conduct Authority's test case may be driving some law firms to revise their roles in slated business interruption legal battles, but lawyers argue they will still have a part to play quantifying losses and settling disputes.
Global recession 'like a car crash without an airbag', says Swiss Re
The global recession triggered by Covid-19 is “like a crash without an airbag” according to Jérôme Jean Haegeli, group chief economist at Swiss Re.
Insurance Covid-Cast: Insurtech 100 special - Lemonade CEO Daniel Scheiber talks AI, European expansion and IPOs
The CEO and co-founder of Lemonade has declared young IPOs better for the long term viability of new technology businesses because it prevents them getting stuck in a state of ‘protracted adolescence,’ comforted by the ‘cocoon’ of private equity.
R&Q reveals record profits as it unveils growth ambitions
Randall & Quilter Investment Holdings has reported a 180% rise in pre-tax profit from continuing operations to £40.1m for the year ended 31 December 2019.
FCA names eight insurers to take part in BI test case
Eight insurers will participate in a High Court test case being prepared by the Financial Conduct Authority to rule on whether the wordings of business interruption policies provide cover to businesses hit by the coronavirus pandemic.
Former Home Secretary to head Pandemic Re working group
Amber Rudd, former Home Secretary, will lead one of six working groups set up by the Pandemic Re steering group.
Allianz appoints Rebecca Rogers as property claims head
Allianz has named Rebecca Rogers as head of property claims joining from LV.