News
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.
UK only soft spot in Axa’s personal lines pricing growth
Axa Group released its first half of 2024 results this morning (1 August), revealing the UK as the only European personal lines market to report a pricing decline.
Leasehold class action could target up to 20 firms
A class action lawsuit brought to four leaseholders and a Gallagher-owned broker is just the beginning, according to the lawyer orchestrating it.
Brewis leaves FCA for KPMG
Matt Brewis, the Financial Conduct Authority’s director of insurance, is leaving the regulator to join KPMG UK, Insurance Post can exclusively reveal.
Sabre CEO unfazed by drop in GWP
Sabre CEO Geoff Carter has told Insurance Post the provider’s 20% reduction in gross written premium "doesn’t bother us at all," but acknowledged growth is necessary to reach its £80m profit target by 2030.
PL mega-mergers fuelling capacity fears among brokers
Martyn Mathews, managing director at SSP Broker, has said looming mega mergers such as Aviva-DLG and Ageas-Esure are fuelling capacity concerns among motor brokers.
No Way Holmes: Allianz CEO mistaken for The Hulk
Fans of the Marvel Cinematic Universe have mistaken Allianz Holdings CEO Colm Holmes for Bruce Banner, the alter ego of the Incredible Hulk, after his likeness was spotted in photos taken on the set of the latest Spider-Man film.
Compare the Market finds pet owners lack home insurance
Compare the Market has today published research that has found more than half (52%) of pet owners do not have sufficient home insurance.
DynaRisk to grow out global teams following $4.7m fundraise
Cyber insurance risk management and analytics firm DynaRisk has announced a $4.7m (£3.5m) fundraise, led by YFM Equity Partners.
No NatCat respite predicted as property pay-outs increase
Natural catastrophes will not give any respite to insurers in 2025 according to Willis, as UK property pay-outs hit £1.6bn for Q2 2025.
Ransomware ban could increase ‘administrative burden’ on victims
Tom Draper, managing director, UK, at Coalition, has told Insurance Post the insurance industry has a role to play in guiding firms through cyber requirements of the government’s proposed ransomware payment ban.
Warning signs re-emerge in motor after poor inflationary reaction
The personal motor insurance market may have returned to profit in 2024 but experts at WTW have warned that doesn’t mean pricing problems are solved.