News
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.
Earnix CEO teases acquisitions and public listing
The CEO of software provider Earnix has shared his outlook for its ongoing development, saying he expects to at least double the size of the business through organic growth over the next three years.
AI system launched to overhaul claims settlements
Stephen Kavanagh, who has spent more than 25 years developing technology to transform financial service business processes, has created a system that overhauls how insurance losses are assessed and settlements reached.
ManyPets confirms redundancies as co-founder exits
ManyPets has confirmed to Insurance Post it has made some compulsory redundancies as part of its transformation project.
Sign up for webinar on managing the growing regulatory burden
A recent survey highlighted the increasing strain the insurance market is under.
Half of businesses have reported incidents with lithium batteries
A survey conducted by Aviva has revealed the proportion of firms that have experienced incidents involving devices that contain lithium-ion batteries.
Aspen to go public in New York again
(Re)insurer Aspen has revealed plans to list shares on the New York Stock Exchange.
Aon completes acquisition; Arag's intergration; Davies' deputy CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Price of motor and flood reinsurance falls for UK insurers
Ample reinsurance capacity meant UK insurers buying reinsurance cover during the busy 1 January renewal period enjoyed price reductions in some cases, according to a Gallagher Re report.
Restaurant group agrees £2.5m settlement with insurer
The operator of the Wildwood chain of restaurants has announced it has agreed a £2.5m settlement with its insurer relating to a pandemic-era claim.