News
Government seeks insurance support for carbon storage projects
Insurers are being encouraged to come up with solutions for carbon capture and storage projects, with both prospective clients and the UK government leaning on the industry for support.
Ticker launches convicted driver product; Apollo partners with Moonrock; Close Brothers appoints MD
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Government urged to move to regulate sales of e-scooters
MPs have been urged to speed up the process and end the ambiguity over how e-scooters can be used.
Aviva changing approach for customers with mental health conditions after ‘asking too many questions’
Aviva has acknowledged it has asked “too many questions” to people who reveal mental health conditions, and that it needs to do more to support these customers.
Zurich UK’s profits down £67m due to claims inflation
Zurich UK has posted a profit of £403m for 2022, compared with £470m in 2021, with bosses blaming the dip on the impact of large losses, claims inflation and the very strong prior-year result.
Big freeze pushes RSA's personal lines to Q4 underwriting loss
Adverse weather drove RSA’s personal lines business to an underwriting loss in 2022, with freezing winter temperatures and dry summer conditions pushing its full-year combined ratio to 106.2%.
Consilium's co-CEOs are targeting £1bn GWP by 2026
Consilium's co-CEOs James Baird and Paul Richards say the focus for 2023 is growing speciality areas, and to deliver £1bn in gross written premium by 2026.
Menopause still a ‘taboo’ subject for women in insurance
Vicky Wallis, chief people officer at Direct Line Group, expressed concerns that if the “culture is not right” for women in the industry, they can’t have open conversations about the menopause.
Martin Lewis tells FCA to investigate insurers
Campaigning journalist Martin Lewis called on the Financial Conduct Authority to urgently investigate whether travel insurers are making fair decisions about customers with mental health problems – and to punish those that are not.
Insurers trapped with ill-designed systems, claims Peppercorn CEO
Nigel Lombard, Peppercorn founder and chief executive, believes insurers are trapped with processes that were designed very much on the provider’s agenda, rather than on the customer’s.
Meet the 2023 Claims Apprentices
Ahead of the new series of Claims Apprentice, sponsored by Kennedys, we are delighted to introduce you to our six finalists, who have made it through the interview process and onto the fourth run of the popular video show.
Ascot president replaces retiring Brooks as group CEO
Retiring Andrew Brooks is succeeded by Ascot's group president Jonathan Zaffino as CEO with immediate effect.
Insurance broker’s killer is jailed for life
A man has been jailed for life for killing a young insurance broker he mistakenly blamed for losing his life savings.
Tesla gears up for in-house UK insurance launch
Companies House listings, and a job advert, suggest that electric motor manufacturer Tesla is planning to launch a “full-stack in-house insurer” in the UK and wider Europe.
Nicholson replaces Nichols as Zurich's chief claims officer
Zurich has appointed James Nicholson as chief claims officer with immediate effect, replacing David Nichols.
Hiscox partners with Supercede; Zurich offering 100 apprenticeships; Stubben Edge secures further funding
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Over half of FCA staff looking to leave amid dissatisfaction over pay, says Unite
The trade union Unite has written to Financial Conduct Authority CEO Nikhil Rathi to warn the regulator that widespread anger over pay has led to more than half of staff looking to leave their jobs.
War on wages sees insurers struggling to fill vacancies
Insurer employees believing the only way to get more money to cover the cost-of-living crisis was to move jobs resulted in an unprecedented number of job vacancies in 2022, according to labour market analysis.
NFU Mutual policyholders invited to claim after Covid cover complaints upheld
Dozens of NFU Mutual policyholders have had complaints over missing cover for Covid-related booking cancellations upheld, Insurance Post can reveal.
Axa Commercial to offer SME cyber insurance this year
Exclusive: Jon Walker, CEO of Axa Commercial, has revealed plans to roll out a cyber insurance product and service for SMEs in the next 12 months.
AIG sacks interim CFO for violating confidentiality agreements
American International Group has made senior leadership changes after it found its chief financial officer, Mark Lyons, had breached confidentiality obligations.
Gillighan departs Somerset Bridge and Southern Rock
Chris Gillighan, the managing director of Somerset Bridge’s managing general agent and Southern Rock’s in-house insurer, is understood to have left both businesses.
L&G CEO Sir Nigel Wilson to retire
Sir Nigel Wilson, who was appointed as CEO of Legal and General in 2012 after joining the business in 2009, is set to retire later this year.
Ageas and Age UK part ways after 17 years
Ageas and Age UK are parting ways after almost two decades of the insurer providing the charity’s customers with home, motor, and travel insurance.