News
Motor insurance taskforce ‘still alive’ but ‘needs CPR’
Sources have told Insurance Post that the government's motor insurance taskforce has lost momentum and is “in need of CPR”, but is still alive.
Zurich UK sees 57% jump in P&C profitability for 2024
Zurich UK has this morning revealed it improved its property and casualty profitability in 2024 by 57% compared to the year before, from just a 4% increase in gross written premiums.
Insurers favour internal talent for cyber team growth
Insurance companies are looking to double their cyber teams but are primarily focused on internal hiring, according to Cyber Insurance Academy CEO and co-founder Guy Simkin.
‘Coordinated action’ required to bring premiums down, says ABI
The director general of the Association of British Insurers, Hannah Gurga, has told Insurance Post that collaboration between the industry and government can offer ‘practical solutions’ to industry issues.
Nigel Walsh reveals next move following Google exit
Nigel Walsh, who revealed he was stepping down as Google Cloud’s global head of insurance, has announced his next move.
Atrium CIO backs AI for broker submission insights
The ability of generative artificial intelligence to provide insight from unstructured data in broker submissions is a key use case for underwriters, according to Atrium chief information officer Justin Emrich, who is soon retiring after 41 years in the…
Dual brings together businesses under single UK brand
Dual has brought several of its subsidiary businesses together under a single UK brand, as part of a broader global rebrand.
Direct Line expected to return to profit ahead of Aviva vote
Investment bank Peel Hunt has predicted Direct Line Group will return to profit for the full year 2024, weeks before it is due to release its results and vote on the deal with Aviva.
JMG Group to maintain M&A spree in 2025
JMG Group has announced its intention to continue its acquisition strategy into 2025, following more than 20 acquisitions in 2024.
Over one in four businesses impacted by protests and civil unrest
More than one in four UK businesses were impacted by civil unrest last year, according to research from Gallagher.
Blockchain insurtech wins Norton Rose Fulbright accelerator
Blockchain insurtech Opencover has won £50,000 of investment and legal advice at the Norton Rose Fulbright 2025 Insurathon.
RSA appoints Intact Ventures MD Karim Hirji as CFO
Intact has appointed Karim Hirji – formerly managing director of its venture capital arm – as executive vice-president and chief financial officer of RSA UK & International.
Motor claims payouts near £12bn in 2024
Motor insurers paid out £11.7bn in private car insurance claims in 2024, which the Association of British Insurers said is a record amount since it started collecting this data in 2013.
Premium growth to continue for the next three years
EY has predicted the steady growth of UK non-life premiums for the next three years.
McGill’s green goals; London Market group formed; Aon’s COO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Extinction Rebellion to focus on insurance CEOs in 2025
Extinction Rebellion plans to partake in more direct insurance CEO engagement in 2025 following the perceived success of previous CEO-focused tactics.
Convex to launch Lloyd’s syndicate in April
Convex is set to launch a Lloyd’s syndicate later this year, bringing to an end years of speculation about whether the Stephen Catlin-founded insurer would return to the industry veteran’s old stomping ground.
Trueman leaves CFC following strategic review
CFC has announced the departure of its chief underwriting officer, Dan Trueman, a little over a year after he joined the company, following a strategic review of its structure.
ISC Group starts reproductive health forum
ISC Group has launched a reproductive health forum with reproductive health solutions provider Juniper, designed to drive an inclusive culture
RSA bags best underwriting result ‘in over a decade’
RSA made an underwriting profit of £172m last year, according to financial statements published by the insurer’s parent group Intact.
FM to step up European renewables focus
Commercial and industrial property insurer FM will step up its efforts to serve clients in the renewable energy sector in Europe this year, its UK operations manager has said.
MPs demand answers surrounding FOS CEO’s exit
The Treasury select committee has written to both the Financial Conduct Authority and Financial Ombudsman Service about the circumstances which surrounded the departure of CEO and chief ombudsman, Abby Thomas, last week.
Q&A: Jonathan Jackson, Previsico
Jonathan Jackson, CEO of Previsico, discusses practical uses of the firm's flood risk forecasting service and its primary areas of growth over the coming year.
Law firm executives to stand trial in February 2027
Five former executives of the shuttered law firm Axiom Ince will face trial in February 2027, having been charged by the Serious Fraud Office.