News
Howden hit with £20m negligence lawsuit
A luxury hotel group has lodged a professional negligence lawsuit against Howden, alleging oversights by the broker meant it found itself unable to claim for Covid-related business interruption losses in 2020.
Palestine Action targets Aviva for the second time
Palestine Action has targeted two Aviva offices in Scotland in the early hours of this morning (28 February), marking the group’s second protest against the insurer.
Allianz UK to drop LV brand in 2026
Allianz UK’s CEO Colm Holmes has confirmed to Insurance Post that the LV brand is to be dropped in 2026.
Admiral joins Build Back Better; PIB’s milestone; Lockton’s GM
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
More Cyber insurance education needed in mid-market
Insurers have been urged to do more to heighten cyber insurance education in the SME and mid-market space, amid concerns of underinsurance in the sector.
Compare the Market to allow providers to self-test
Ursula Gibbs, chief commercial officer of Compare the Market, has revealed the aggregator is “levelling the playing field” by giving 100% access to provider partners to self-service test.
Aviva’s Storah predicts volatility in commercial pricing this year
Speaking after Aviva announced its full year results, UK and Ireland general insurance CEO Jason Storah said rates are “lumpy”.
Aviva’s Morris calls for an end to building in flood zones
When it comes to helping households, communities, and businesses cope with the threat of climate change in the next decade, Owen Morris, managing director of personal lines at Aviva, said the UK must stop building in flood zones.
Axa’s PL growth held back by UK and Ireland
Axa has this morning published its financial results, revealing lower volumes in personal lines for the UK and Ireland.
Allianz CEO calculates Brexit cost for UK motor insurance
Colm Holmes, CEO of Allianz UK, said the insurance industry has done a poor job on explaining how Brexit pushed up the price of motor insurance in the UK, saying claims costs here are double that of Germany.
Ageas grows UK business by 21%
Ageas Group has this morning announced its UK business grew 21% compared with the year before.
Hiscox hits 2024 UK growth target
The growth of Hiscox’s UK retail business gathered momentum over the course of 2024, finishing the year just within the insurer’s 5% to 15% target range, according to its results announcement.
FCA CEO promises fewer large-scale changes for insurers
Nikhil Rathi, CEO of the Financial Conduct Authority, has promised to reduce unnecessary regulatory burdens and support growth of the insurance sector, with less large-scale rule changes in the next five years.
Aviva expects mid-2025 completion on DLG deal
As Aviva announces a 57% increase in operating profit for UK & Ireland general insurance, it has given a rough timeline of when it expects to complete the Direct Line Group deal.
Marshberry reveals the top 20 European insurance brokers
Over a quarter of Europe’s largest 20 brokers are UK domiciled with one of those businesses, Howden the second fastest growing intermediary on the continent, according to the latest European Insurance Distribution market report from Marshberry.
Admiral holds climate course as Trump takes office
Admiral Group chief sustainability officer Michelle Leavesley has doubled down on the insurer’s intentions to achieve its transition targets, despite the likely climate rollback in the US due to President Donald Trump coming into office in January 2025.
NormanMax set to acquire FloodFlash
Floodflash has agreed terms to be acquired by US parametric firm NormanMax, subject to FCA approval.
Zurich warns Labour’s £1.6bn pothole pledge won’t make a dent
Zurich Municipal has warned the extra £1.6bn Labour pledged to tackle potholes falls far short of the £15.6bn needed to repair the local road network.
Settlement reached in Covid event cancellation dispute
A $90m (£71.2m) reinsurance dispute involving several Lloyd’s syndicates over losses incurred by Covid-enforced event cancellations in the US and UK during 2020 and 2021 has been settled.
ABI appoints Phoenix’s Briggs as president
Andy Briggs, CEO of Phoenix Group, pictured, has been named as president for the Association of British Insurers for the next two years, replacing Zurich's Tim Bailey.
CII launches executive MBA in Islamic Insurance
The Chartered Insurance Institute and University of Greater Manchester have launched an Executive MBA in Islamic Insurance and Risk Management.
NatWest strikes embedded finance deal with AA
From the end of next month, The AA will offer NatWest Boxed’s instant access savings account to their roadside recovery customers.
Lyons returns to UK as Gallagher specialty CEO
Gallagher has appointed Sarah Lyons as CEO of its London-based specialty division, succeeding Jonathan Turner, who is leaving the post after five years.
QBE achieves almost 20% uptick in UK revenue
QBE saw the revenue it received for insuring UK risks increase by 19.6% in 2024, according to the group’s annual report.