News
Marshmallow accused of pilfering trade secrets in Mulsanne legal row
Mulsanne has accused Marshmallow of stealing its trade secrets and other breaches in a legal row that has seen a judge order the broker to disclose underwriting information.
CII posts £4.9m loss for 2020
The Chartered Insurance Institute has reported a £4.9m loss for the year ended 31 December 2020 as a drop in income caused by the coronavirus pandemic more than outweighed reduced operational expenditure.
Data Analysis: Business interruption payment tracker - Claims payouts top £1.3bn
Post tracks test case related Covid-19 business interruption claims payouts according to Financial Conduct Authority figures.
Abu Dhabi invests in Qmetric
The Abu Dhabi Investment Authority has taken a stake in Policy Expert owner Qmetric in two transactions, Post can reveal.
Analysis: The Scottish redress Bill's waiver conundrum
Scotland's redress Bill was passed by the Scottish parliament in March and sets out a fresh way for residential care abuse survivors to access compensation. But attempts to involve insurers and encourage organisations to contribute have left it with a…
Andrew Rear to join Ticker’s board as NED
Andrew Rear, former CEO of Munich Re Digital Partners, is set to join Ticker’s board as a non-executive director.
Insurers have ability to 'see off insurtech challenge': Admiral co-founder David Stevens
Admiral co-founder and former CEO David Stevens has said he believes insurance companies have the ability to be the key industry drivers in 10 years.
Ghost broking investigations accounting for quarter of IFB cases
The number of ghost broking investigations has doubled since 2016, Stephen Dalton, head of intelligence and investigations at the Insurance Fraud Bureau, told Post.
European Commission pushes back deadline for Aon/WTW merger decision to July
The European Commission has pushed back the deadline for its decision on whether or not to approve the Aon’s acquisition of Willis Towers Watson, after the broker submitted new commitments.
Breitburd to succeed Rottiers as Lloyd's Europe CEO
Lloyd’s Europe CEO Sonja Rottiers will step down at the Lloyd’s Insurance Company general assembly on 1 June 2021, to be succeeded by Amélie Breitburd.
‘Reporting gap’ warning as less than 1% of intermediaries reported conduct breaches under first year of SMCR rules
Last year just 15 insurance brokers or intermediaries reported conduct rule breaches under the Senior Managers & Certification Regime, a freedom of information request has revealed.
Markerstudy names former Tesco Bank boss as group chair as it completes Brightside buy
Markerstudy has appointed former Tesco Bank CEO Benny Higgins as its group chairman.
RAC sets up own broker to help hit £300m GWP target
RAC has launched its own in-house insurance intermediary as part of a package of measures to hit targets of £300m of gross written premium and one million customers in 2023.
Ardonagh targeting eight international hubs by 2025, says O’Connor
Ardonagh Global Partners is aiming to have at least one more international hub by the end of the year, CEO Des O’Connor told Post.
Contractor payouts 'uncertain' in liquidation of ex-SSL directors' firm Artemis Recoveries
Claims business Artemis Recoveries, which entered liquidation in 2019 and had the same director team as failed SSL Claims, is likely to owe more than £527,000 to creditors and £145,000 to HMRC with the recovery prospects "uncertain", its liquidators have…
MS Amlin acquires MGA; Ethos buys 13th hub; insurtech recruits Esure CUO ahead of launch; and PIB bolsters Irish footprint
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
HDI Global Specialty files legal case against Arron Banks' Legal Protection Group
HDI Global Specialty has filed a case at the High Court seeking a declaration from Legal Protection Group that their run-off agreement has ended.
Atlanta to spread Marmalade specialism into van and bike
Buying motor specialist Marmalade addresses Atlanta Group’s weakness in telemetric offerings and provides opportunities for growth across the business, CEO Ian Donaldson told Post.
Lawyers appointed as Tokio Marine Kiln faces BI group action lawsuit spearheaded by Marco Pierre White business
Tokio Marine Kiln is facing a group action lawsuit from businesses in the hospitality sector, including Marco Pierre White's Black and White Hospitality, that claim their policies provide cover for losses suffered during last spring’s Covid-19 lockdown.
GRP hires COO Anson from Ardonagh
Steve Anson has been named Global Risk Partners chief operating officer, joining from the Ardonagh Group.
Julia Graham named Airmic CEO
Julia Graham has succeeded John Ludlow as CEO of Airmic, the association for risk and insurance professionals.
Uber insurance boss joins insurtech as European head as it gears up for Series A raise
The former head of insurance for EMEA at Uber, Russell Corbould-Warren, has swapped the ride share giant for insurtech Collective citing the growth of on-demand employment platforms as a key factor for his move.
Keith Richards to leave CII
Keith Richards, chief membership officer of the Chartered Insurance Institute and CEO of the Personal Finance Society, is leaving at the end of June, the CII has confirmed.
'Me Too' moment for education could lead to claims on schools' liability policies
A ‘Me Too’ moment in the education sector could lead to claims against schools that trigger insurance coverage, a specialist abuse lawyer has told Post.