News
Record claims payouts signal ‘new normal’ in W&I market
Howden has reported that its clients saw a record year of warranty and indemnity claims recoveries in 2024, with the business class seeing significantly elevated notifications for a second year in a row.
Cuvva brings temporary car insurance to non-British licence holders
Cuvva has rolled out its short-term car insurance to French and German licence holders.
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Ecclesiastical detects more than £4m in false claims
Claims specialists at Ecclesiastical Insurance have uncovered £4m in fraudulent claims during 2024, almost £1m more than in 2023.
Dan Fiehn returns to Markerstudy as chief tech officer
Former Markerstudy group chief information and COO Dan Fiehn has returned to the company to take up the role of group CTO.
CII sees rise in qualification numbers
The Chartered Insurance Institute has today reported a 15% annual increase in the number of its insurance qualifications completed in 2024.
RSA and NIG’s David Enoch set to retire
RSA’s distribution and proposition director David Enoch is set to retire after five years at the insurer and its recent acquiree NIG.
Climate campaign group slams government’s captives consultation
Global NGO campaign Insure Our Future has criticised HM Treasury’s captives consultation due to the potential for lowering capital requirements for captives to benefit from the fossil fuel industry.
Ki and QBE’s partnership; Rokstone’s leadership changes; IUAD’s milestone hit
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers urged to share more cyber information
Cybersecurity professionals have called on the insurance industry to encourage cyber information sharing and take a collaborative approach to security.
Ex-Aviva CEO Wilson named Policy Expert chair
Policy Expert has appointed Mark Wilson as its new chair, effective from February 2025.
David Haynes to succeed retiring Buss as Arag CEO
David Haynes has been named CEO of Arag UK Holdings Limited and Arag Legal Expenses Insurance, succeeding Tony Buss who is set to retire.
Storm Éowyn wind claims to top £500m
Guy Carpenter has estimated Storm Éowyn, which hit the UK and Ireland last week, will result in a wind-related industry loss of €621m (£519m).
Cliff to succeed Keese as Lloyd’s CFO
Lloyd’s chief financial officer Burkhard Keese is set to step down later this year, to be succeeded by his deputy Alexandra Cliff.
Tributes paid to insurance industry veteran Douglas Shillito
Insurance industry veteran and former Post contributor Douglas Shillito passed away on 11 January.
Extinction Rebellion identifies ‘wanted’ CEOs
Extinction Rebellion has targeted five insurance companies in the City of London this morning (30 January).
Two insurers fall short as Gracechurch hands out service awards
18 insurers across the UK regional and London markets have been awarded service quality marques by Gracechurch.
Generali chief predicts insurtech funding boost
Generali group head of innovation Danilo Raponi has predicted that the insurtech funding outlook for 2025 is positive.
Nigel Walsh leaves Google Cloud
Nigel Walsh, Google Cloud’s global head of insurance, has stepped away from the company.
Ten plead guilty to £320K ‘crash for cash’ fraud
An organised crime group that pocketed more than £320,000 through a ‘crash for cash’ scheme has been caught after multiple insurers raised concerns about claims.
Palestine Action targets 15 Allianz offices overnight
Protest group Palestine Action claims to have targeted 15 Allianz offices across Europe, including nine in the UK, over the insurer’s links to weapons manufacturer Elbit Systems.
More claims expected from Storm Éowyn after 800% initial spike
Storm Éowyn caused an eightfold increase in claims notifications within an hour of hitting Northern Ireland last week, loss adjuster Crawford has reported.
Fitch expects mixed fortunes for UK non-life insurers in 2025
Fitch Ratings has predicted that the UK non-life insurance sector will have mixed fortunes in 2025, with some parts of the market facing an uphill battle to turn a profit.
Holloway replaces Lickens as Clear Group’s M&A lead
Clear Group has named Oscar Holloway as its managing director of mergers and acquisitions, replacing Howard Lickens.