News
Scope of mandatory mediation will ‘inevitably’ expand
Ian Davies, head of liability at Kennedys, has told Insurance Post the scope of mandatory mediation in insurance litigation will eventually have to expand to reduce court backlogs.
Majority of Brits concerned about self-driving vehicle safety
An Allianz survey has found British people are the most concerned in Europe about self-driving cars.
Belfor calls for clarity in claims data collection
Managing director of Belfor UK Hein Hemke has argued insurers must communicate the purpose of added data collection as they make the claims process more data-driven.
Mea CEO argues AI can now impact combined ratio
Mea CEO Martin Henley has argued agentic artificial intelligence success could be measured against its impact on an organisation’s combined ratio.
Renters Rights Bill ‘good news’ for brokers but could increase costs
The Renters Rights Bill, which is expected to receive Royal Assent imminently, could increase business for brokers offering landlord insurance, but carries some risk of increased costs.
Marsh McLennan CEO shares plan to be ‘better, not just bigger’
Marsh McLennan UK CEO Chris Lay has shared his plans to build a business “for the next 154 years” exclusively with Insurance Post.
Employee engagement drives Allianz Trade’s Net-Zero progress
Head of sustainability at Allianz Trade Piril Kadibesegil Yasar has argued employee buy-in has been key to the firm’s progress towards its Net-Zero goals.
Sean Byrne to depart Got You Covered
Sean Byrne, managing director of insurance broker Got You Covered, has confirmed he is leaving the business in December.
Brown & Brown buys MGA; MS Amlin x CyberCube; Acrisure’s triple appointments
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Louvre robbery sends ripples through fine art insurance market
Last weekend’s Louvre robbery has sent ripples through the fine art insurance market, prompting a renewed focus on security from insurers of both institutional and private collections.
CyberCube expects AWS outage to have ‘moderate’ insurance impact
CyberCube has estimated this week’s Amazon Web Services outage will result in an insurance loss in the range of $38m (£28.5m) to $581m (£436.3m).
IUAD aims to shape dementia data and NHS plans
Insurance United Against Dementia chair Chris Lay has said the insurance industry has a critical role to play in shaping dementia care through better data and influencing NHS policy.
Kelly Ogley departs Howden
Howden has announced its consumer and local commercial CEO Kelly Ogley has departed the business, effective immediately.
Raffard off to India among raft of Allianz UK leadership changes
Among a number of appointments, Allianz UK has today announced Serge Raffard is leaving the business to become the group’s general manager responsible for future insurance activities in India.
MS Amlin predicts AI will replicate outsourcing consequences
The impact of artificial intelligence on the insurance workforce will be similar to the effect of outsourcing, according to MS Amlin chief people officer Gemma Lines.
Lockerbie Memorial restoration saved as BLW and Aviva step in
Broker BLW Insurance and Aviva have arranged bespoke cover for the restoration of the former Dryfesdale Church as it is transformed into the Lockerbie Memorial Church Museum.
McLarens urges ‘broader look’ at subsidence solution sustainability
Duncan Hamilton, subsidence lead at McLarens, has argued “a broader look” at subsidence solutions is needed, considering factors such as sustainability and resilience.
FCA CEO warns UK ‘massively under-insuring’ against cyber threats
Financial Conduct Authority CEO Nikhil Rathi has warned of mass underinsurance against catastrophe and hostile cyber threats, highlighting the wide-ranging economic impact of such attacks.
GTCR comes on board as JMG Group secures new investment
JMG Group has today announced new investment from private equity firm GTCR, while previous investor Synova LLP continues its involvement.
Talc lawsuit raises coverage questions for insurers
A major High Court lawsuit filed against the pharmaceutical giant Johnson & Johnson alleging links between talcum powder and cancer has been described as a “significant development for the insurance market” by law firm HCR Law.
Jaguar Land Rover hack now ‘costliest in UK history’
The Cyber Monitoring Centre has categorised the recent malicious cyber incident affecting Jaguar Land Rover as “the most economically damaging cyber event to hit the UK”.
Prima aims for UK scale after rapid rise in Italy
Despite recent regulatory hurdles, Prima’s UK manager, Nick Ielpo, has shared his plan for the company to replicate its digital-first success in Italy in the UK motor insurance market.
Clyde and Co sees rapid rise in work-related stress claims
Work-related stress claims, which are covered under employers’ liability policies, have risen sharply in recent years, Clyde and Co partner Barbara Goddard has told Post.
Biba survey finds improvements in insurer service
Gracechurch and the British Insurance Brokers’ Association have released the latest findings from their UK Insurers Monitor, revealing several improvements to service scores but a lag in claims.