News
Acorn acquires MyPolicy; Sedgwick’s repairs initiative; Bridgehaven’s head of claims
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Marshmallow sued for alleged disability discrimination
Insurance unicorn Marshmallow is being sued by its former chief financial officer for alleged disability discrimination, an employment tribunal judgment has revealed.
Ex-law firm execs to appear at Southwark Crown Court
Five former Axiom Ince executives appeared at Westminster Magistrates Court on Wednesday (15 January) to hear charges being brought against them by the Serious Fraud Office.
Cila President outlines plan to avoid future FOS roastings
Adam Humphrey, president of the Chartered Institute of Loss Adjusters, has revealed changes at the professional body that should prevent the Financial Ombudsman Service criticising the sector again.
IFB to launch integrated fraud database in 2026
The Insurance Fraud Bureau will launch a ‘unified fraud technology platform,’ which will integrate insurance fraud datasets into one database, in 2026.
New City minister promises Labour will unlock broker potential
Less than 24 hours after replacing Tulip Siddiq as City minister, the new holder of the post Emma Reynolds has promised to partner with brokers to help them achieve growth.
Cyber market under pressure to pass on know-how to the next generation
The cyber insurance market needs to expedite the passing on of know-how from experienced staff to new recruits, Markel’s head of cyber has said.
Which? argues insurers aren’t meeting Consumer Duty requirements
Which? is calling for the Financial Conduct Authority to crack down on bad practices from insurers, following research revealing the struggles people face when choosing insurance policies.
War and extreme weather top global risk ranking
State-based armed conflict has topped the World Economic Forum’s list of short-term risks, while extreme weather events dominate landed the long term top spot.
Pothole breakdowns up by fifth in Q4
Pothole-related breakdowns increased by 17% in Q4 2024 compared to Q3, according to breakdown data from the RAC’s Pothole Index.
City minister Siddiq is replaced by Reynolds
Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.
Lloyd’s broker CEO under investigation for sexual misconduct
Insurance Post understands the CEO of a Lloyd’s broker is under investigation for sexual misconduct and drug use, among other things.
Urban Jungle expands to offer travel insurance
Urban Jungle has launched a travel insurance offering, claiming to be the “first UK insurtech” to offer both home and travel policies.
Aviva accused of ‘greenwashing’ by campaigners over tree removal
Aviva has drawn criticism from the residents of Wivenhoe, Essex, over plans to chop down a 120-year-old oak tree to tackle nearby subsidence.
Eddie Longworth named e2e CEO
Eddie Longworth, founder and director of JEL Consulting, has been named CEO of e2e Total Loss Vehicle Management.
Franco Manca pizzeria owners deliver lawsuit to insurer
The owner of the Franco Manca chain of pizzerias is suing QIC Europe for a payout for losses it suffered due to Covid-19 restrictions in 2020.
IS2 more than doubles revenue in three years
In 2024, IS2 has reported a 50% growth in revenue compared with the previous year, contributing to the firm growing revenue by 125% since 2021.
At least 7,000 buildings hit by Midlands floods
At least 7,000 buildings have been affected by flooding across the East Midlands earlier this week, according to satellite monitoring firm Iceye.
Insurethebox ceases offering renewals or policies
Insurance Post has learned that Insurethebox, a telematics brand within Aioi Nissay Dowa, has informed existing customers that their policies will not be renewed.
Impact of LA wildfires on insurers laid bare
As insurers brace for billions of dollars of losses due to the damage done by the Los Angeles wildfires, experts have warned it could take years to rebuild the homes of Hollywood stars.
QuestGates buys Brownsword; Woodgate & Clark integration; Vitality’s health CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
DLG launches scheme to raise vehicle repair standards
Direct Line Group has launched a Vehicle Damage Assessor accreditation programme, recognised by the Institute of the Motor Industry.
Climate activists target Marsh’s Manchester office
Climate protesters entered the lobby of Marsh’s Manchester office on Wednesday (8 January) calling on the firm to reject fossil fuel projects and become “climate heroes”.
Regulator aims to make it easier for insurers to invest
The Prudential Regulation Authority is proposing to make it easier for insurers to invest within their matching adjustment portfolios, according to CEO Sam Woods.