News
Howden cuts debt costs by $8m a year
Howden has shaved 25 basis points off the margin on its $3.1bn (£2.3bn) term loan B and repriced its £765m revolving credit facility, in a move expected to save the broker around $8m (£5.9m) a year.
Uber and Freeway unveil UK driver insurance platform
Freeway Insurance and Uber have signed a five-year partnership, launching a digital insurance platform through the Uber Driver app, Insurance Post can reveal.
Aviva aids police in cracking classic car insurance scam
A Kent man has been sentenced for orchestrating a string of fraudulent insurance claims involving high-value classic cars, following an investigation by the City of London Police’s Insurance Fraud Enforcement Department.
Hiscox introduces sexual misconduct cover
Hiscox has launched sexual molestation liability cover and hired Beazley’s Harriet Turner to lead the new offering.
Sign of the times: grad’s internship plea goes viral
Alexander Mani, an economics graduate seeking an internship, spent 10 hours standing outside the Lloyd’s building with a sign advertising himself for hire – and told Insurance Post that the industry's response was “incredibly welcoming.”
Allianz sponsors Rugby World Cup; Alps's motorhome product; Send's CFO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Allianz close to partnering with two more household names
Allianz is closing in on partnerships with two major UK household names as it targets growth, following a half-year in which its top-line performance remained broadly flat year-on-year.
NFP snaps up MGA Bspoke
NFP, an Aon company, has bought MGA Bspoke Insurance Group for an undisclosed sum.
FOS motor finance cases fall but still top complaints issues
The number of motor finance commission complaint cases referred to the Financial Ombudsman Service in between the start of April and the end of June dropped to 21,500 cases from 36,000 cases in the first three months of this year.
Changes at the top of Clear Group as Europe CEO exits
Clear Group has announced the departure of its Europe CEO, Andreas Luberichs, following two years with the business.
Hiscox achieves 6% UK growth and eyes double digits by 2028
Hiscox UK is on track to hit its 6% growth target for 2025 at the halfway mark, with group chief underwriting officer Joanne Musselle revealing plans for double-digit retail growth by 2028.
RSA researching commercial flood resilience
RSA Insurance, soon to be Intact, has launched an 18-month research project into commercial flood resilience with the University of Hull.
Lloyd’s appoints Hiscox veteran Flaquet as COO
Lloyd’s has appointed Stéphane Flaquet as chief operating officer, with the Hiscox veteran set to take up the position on 1 September subject to regulatory approval.
Cuvva explores sale after ‘unsolicited’ approaches
Cuvva is exploring a potential sale after attracting interest from institutional investors, prompted by the release of its recent growth figures.
Howden develops transition plan using UN guidance
Howden is currently working on a net zero transition plan for its operations, according to head of transition advisory Tony Rooke.
BPL CEO steps down after 10 years
Credit and political risk insurance broker BPL’s group CEO Sian Aspinall is stepping down, with current deputy CEO James Reynolds confirmed as her successor.
'Sting could still be in the tail' after court motor finance ruling
While the financial services industry breathed a sigh of relief on Friday (1 August) afternoon after the Supreme Court’s decision on motor finance, it is not out of the woods yet.
Brokers flag sustainability challenges in commercial motor
Direct Commercial's latest broker barometer has revealed that commercial motor operators are adapting slowly to electric vehicle technology, particularly in the heavy goods vehicle segment.
Pool Re pushes ahead with discount scheme for SME terrorism cover
Pool Re is seeking regulatory and government approval for a scheme to offer significantly discounted reinsurance rates for SME terrorism cover by April 2026, Post can reveal.
Defaqto reveals top car, home, travel and pet insurers
Aviva, Halifax, Coverwise and Sainsbury’s Bank have been named by Defaqto as the top providers for 2025 to 2026 across the four major personal lines of insurance.
Motor finance firms off the hook in historic Supreme Court ruling
The Supreme Court has today (1 August) rejected two of the three arguments brought forward as part of the historic £44bn motor finance case.
Axa acquires Prima
Axa has acquired 51% of Italian insurtech Prima, including its UK business, for €500m (£433.4m).
Allianz x Sainsburys Bank; Bridgehaven buys SureStone; Volante's CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
James Dalton made redundant by MIB
James Dalton, chief services officer at the Motor Insurers’ Bureau, has been made redundant after a review of its leadership structure, Insurance Post can reveal.