News
ABI adviser calls current climate ‘difficult time’ for DEI work
Association of British Insurers senior policy adviser for diversity, equity and inclusion Liisa Antola has said it is a “difficult time” to work in DEI.
Zurich detects more than £94m in fraudulent claims
Fraud data from Zurich has revealed that its fraud prevention team uncovered almost £260,000 worth of fraudulent claims every day in 2024.
Cytora joins Google Cloud; PIB buys MGA; SRG’s head of corporate
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Probitas reports ‘best-ever result’ after Aviva acquisition
Aviva’s Lloyd’s vehicle Probitas has reported its “best-ever result” for 2024, posting pre-tax profit of £62m.
Worst fears of a North Sea spill averted
The worst case scenario in terms of an environmental liability loss following the collision of two ships in the North Sea looks to have been averted.
Natural resources firms struggle with ‘excessive’ insurance exclusions
According to the Willis Global Clean Energy Survey 2025, more than half (53%) of natural resources companies cited “blanket or excessive” exclusions as the greatest obstacle to transferring clean energy risk to the insurance market.
IFB members to vote on expanding membership criteria
Members of the Insurance Fraud Bureau are to vote in early April on whether to expand its criteria for membership, Insurance Post can reveal.
Ageas CEO reveals plan to become top three personal lines player
Ant Middle, CEO of Ageas UK, has revealed how he intends to turn the provider into a top three personal lines player and shared whether he will buy another rival to achieve that goal.
Clyde & Co calls on insurers to reinforce cyber security guidance
Ian Birdsey, cyber specialist partner at Clyde & Co has called for insurers to echo legal cybersecurity recommendations to clients.
Cleaner caught in dirty £100K claim
Allianz UK and DWF Law resolved a more than £100,000 personal injury claim after the claimant was found to be fundamentally dishonest in her allegations.
FCA scraps name and shame proposals
The Financial Conduct Authority has scrapped plans to name and shame firms it is investigating and revealed it has “no plans” to progress its diversity and inclusion proposals.
Government to review Civil Liability Act as cost of OIC portal is revealed
Almost seven years after the Civil Liability Act received Royal Assent, Insurance Post understands the government is scheduling to do a full review of the 2018 legislation.
Allianz and Ageas to fight it out over Esure
Reports suggest Allianz and Ageas have appointed advisers in an attempt to win the Esure business.
FCA pulls plug on insurance broker
George Baker (Insurance Brokers) Limited has had its permission to carry out regulated activities suspended for failing to pay regulatory fees.
Palestine Action targets Aviva in Manchester
Palestine Action has targeted Aviva’s Manchester office in its third consecutive day of action against insurers over links to weapons manufacturer Elbit Systems.
Zweibrucker confirms job cuts amid Axa Retail transformation
Alain Zweibrucker, CEO of Axa Retail has told Insurance Post that a ‘simplification’ of Axa’s business processes in 2024 resulted in job losses.
Pool Re opens consultation on SME terrorism cover
Pool Re has launched a consultation on the potential to reintegrate terrorism as a standard covered peril in SME policies.
New business drives Lloyd’s growth in 2024
Lloyd’s has trailed its 2024 results, revealing that gross written premiums across the market hit £55.5bn by the end of last year.
Direct Line shareholders approve Aviva takeover
Direct Line Group shareholders have today (10 March) approved the £3.7bn takeover from Aviva.
RSA’s Norgrove reveals ‘acquisition is on the radar’
Ken Norgrove, CEO of RSA UK and Ireland, has shared that while he mainly aims to grow the business in the UK and Ireland organically, he is also always on the hunt for consolidation opportunities.
Ola Jacob leaves Descartes for Global Parametrics
Ola Jacob has left Descartes Underwriting to become London Market business development director at Global Parametrics.
Ghost brokers ordered to pay back £376,000
A court has granted confiscation orders against two men who were convicted for their roles in a ‘ghost broking’ motor insurance scheme.
Allianz seeking legal action after two days of Palestine protests
After two days of protests from Palestine Action, a spokesperson from Allianz UK has confirmed the insurer will be seeking legal action.
Storm Éowyn losses pegged at ‘moderate’ £520m
Perils has this morning (10 March) disclosed its initial industry loss estimate for Storm Éowyn, which affected the Republic of Ireland, Northern Ireland and the Central Belt of Scotland from 24 to 25 January.