News
SRG buys broker; Evolution’s office; Davies’ insurance CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva’s Storah flags quick wins with Direct Line
Jason Storah, Aviva’s UK and Ireland general insurance CEO, has outlined early operational wins from the Direct Line takeover, and shared his growth plan for personal, commercial and specialty lines for the latter half of 2025.
Admiral hits record £521m profit and boosts staff awards
Admiral’s profits have continued to soar, with pre-tax profits for its UK insurance business up 61% to £584m compared to midway point of last year.
Aviva’s Direct Line deal triggers £500 staff gift
Aviva has posted an operating profit of £1.07bn for the first half of 2025, up 22% on the start of 2024, and to “celebrate and recognise the acquisition” of Direct Line is giving £500-worth of free shares to staff in September.
Beazley share price falls 12% after revised growth forecast
Beazley saw its share price fall by 12% today (13 August) after publishing half-year results that showed lower profits and included revised premium growth guidance.
RSA-to-Intact rebrand to kickstart with e-trade products
RSA is set to mark its imminent rebrand to Intact by rolling out five new e-trade products designed to bring together the best of the existing RSA and NIG product sets, according to commercial lines managing director Tovah Grosscurth.
Repair network growth drives EV insurance rate softening
Premiums are decreasing following harsh rate increases in 2023, according to data from Consumer Intelligence.
Motor premiums fall £60 year-on-year
Motor insurance premiums have fallen by £60 over the last year, while claims payouts increased significantly, according to data from the Association of British Insurers’ quarterly premium tracker.
Insurers and brokers agree to aid development of Ukrainian market
The Ukrainian government has revealed that it signed a memorandum of understanding with representatives of several leading insurance companies during a conference in Rome last month, with the aim of developing the country’s insurance market.
Wedding venue’s Covid fight with RSA drags on
A Devon wedding venue’s dispute with its insurer RSA is still rumbling on more than five years after the first government Covid restrictions were put in place, and more than eight months after the complaint it lodged with the Financial Ombudsman Service…
Brokers voice concerns over non-standard underinsurance
Brokers are increasingly concerned about the risk of underinsurance in the non-standard market, as well as accelerated market softening, according to a Prestige Underwriting survey.
Verisk warns of ‘perfect storm’ in subsidence claims
Ben Blain, head of property at Verisk UK, has warned of a "perfect storm" in subsidence claims, citing increasing volumes coupled with an uptick in material costs.
Subsidence claims hit £153m in H1 2025
Subsidence-related insurance claims totalled £153m in the first half of 2025, according to data from the Association of British Insurers.
Lancashire announces two CEO appointments
Lancashire has announced succession plans for the leadership of its Lloyd’s business and its Bermuda-domiciled insurance company.
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.