News
ABI Fire Safety Facility cover limit raised to £75m
The Fire Safety Reinsurance Facility has been expanded, allowing participating insurers to now cover losses of up to £75m.
Zurich seeks consistent guidance at lift safety summit
Zurich Engineering is joining forces with a host of major players in lift and escalator safety to push for consistent and standardise reporting to reduce the number of people who get stuck in lifts every year.
Brokers now ‘far more serious’ about fair value
Sean Byrne, managing director of Got You Covered, believes broker woes with fair value assessments are firmly in the past.
Highest performing MGAs of 2025 revealed
NBS Underwriting has been named the best-performing MGA in the UK by market intelligence firm Insurance DataLab.
Supreme Court to decide if insurers can keep furlough ‘windfall’
The Supreme Court has granted policyholders permission to appeal the issue of furlough payments in relation to Covid-era business interruption claims.
FCA’s plan to scrap 15-hour CPD faces backlash
Four out of five insurance professionals believe the Financial Conduct Authority’s plan to scrap its 15-hour minimum annual continuous professional development requirement would harm the profession’s reputation, according to a Chartered Insurance…
Ageas issues warning over recruitment scam
Ageas has drawn attention to a scammer claiming to advertise positions at the business over WhatsApp, prompting potential victims to stay vigilant.
FCA clarifies stance on non-financial misconduct rules
The Financial Conduct Authority has confirmed that bullying, harassment and violence against colleagues qualifies a breach of the regulator’s conduct rules for insurers.
Staysure doubling down on aggregator growth
Staysure’s chief growth officer, Simon McCulloch, has described how the travel insurance provider is investing heavily in price comparison sites, as well as relaunching its own.
Urban Jungle posts £6.2m loss for 2024
Urban Jungle has reported a £6.2m loss for the year ending 30 September 2024.
Owen Morris named personal lines CEO as Aviva completes DLG deal
Owen Morris has been appointed CEO of Aviva’s UK personal lines business, as the insurer completes its £3.7bn deal to bring in Direct Line Group.
CMA clears Aviva’s £3.7bn takeover of DLG
The Competition and Markets Authority (CMA) today (1 July) approved Aviva’s £3.7bn takeover of Direct Line Group.
Rise in investor lawsuits threatens to reshape UK D&O market
A rise in collective legal actions brought by shareholders against listed UK companies could reshape the market for directors’ and officers’ cover, chair of Clyde & Co’s global insurance practice group James Cooper has warned.
Cut-price car insurance after haggling raises fair value doubts
A large number of consumers achieved reductions in motor insurance premiums by haggling with their insurers, a survey from consumer group Which? has shown.
Ardonagh gets $2.5bn cash injection from Stone Point
The Ardonagh Group has secured a $2.5bn (£1.8bn) equity investment from a US-based private equity firm Stone Point Capital, a deal which was first reported earlier this year.
British Insurance Technology Awards 2025 shortlist revealed
Insurance Post can reveal the businesses and individuals who have been shortlisted for the 2025 British Insurance Technology Awards.
Court blasts Zurich’s ‘extraordinary’ behaviour
A High Court judge has slammed Zurich for its handling of a high-net-worth home insurance claim and ordered the insurer to pay almost £90,000 in costs.
Extinction Rebellion's Steve Tooze departs
XR spokesperson and media co-ordinator for its Insure Our Survival campaign, Steve Tooze, has left to work on other climate projects
Markel innovates to drive down London market costs
Markel has increasingly turned to automatic and fast follow models as it seeks to drive down the cost of doing business in the London market, managing director of distribution strategies and business development Dan Martin has told Post.
Lloyd’s hails US repeal as win for insurance
Lloyd’s has welcomed the US decision to repeal Section 899 from the reconciliation bill, claiming the move is a boost for international insurers operating in the American market.
Zurich to deploy agentic AI property claims system
Zurich Group is set to take its agentic artificial intelligence application for property claims into production later this year.
Cuvva triples profit to £12.8m
Cuvva has more than tripled its adjusted profit from £3.8m in 2023 to £12.8m in 2024, according to its financial accounts filed on Companies House on 26 June.
Gang of eight convicted after ‘largest’ nuisance call case
Eight men have been convicted of unlawfully accessing and obtaining one million people’s personal information from vehicle repair garages to generate potential leads for personal injury claims.
Aviva’s GCS proposition; Aon’s co-pilot; Ecclesiastical’s finance director
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.