News
Insurers argue furlough deductions permitted by policy wordings
Insurers finished their submissions to the Supreme Court on the issue of whether or not furlough payments are deductible from Covid-era business interruption claims payouts this morning (12 February), hitting back at arguments advanced yesterday by policyholders.
Lady Mayor warns fake news is risk to City
Lady Mayor of London Dame Susan Langley has expressed concern that international perceptions of the capital as a dangerous city could be a “risk to the industry”.
Supreme Court hears arguments on Covid claim furlough deductions
The Supreme Court heard arguments from both policyholders and insurers yesterday (11 February) as to whether furlough payments are deductible from Covid-era business interruption claims payouts.
Why alignment with suppliers is key to good customer outcomes
View from the Top: Jeremy Trott, claims director at Ecclesiastical, says insurers must ensure they have an ‘alignment of ethos’ with their suppliers to ensure good outcomes for customers.
Laurent out at Covéa as new CEO appointed
Philippe Domart has been appointed CEO at Covea Insurance UK, subject to regulatory approval, and is to commence his post on 1 April.
UK motor insurance once again hits record claims payouts
The Association of British Insurers has today (11 Feb) revealed UK insurers have once again hit record payments for motor claims.
Broker share prices tumble after ChatGPT insurance apps go live
Several broker share prices have fallen following OpenAI’s approval of apps offering personalised home insurance quotes for ChatGPT users.
Aviva to launch pet insurance product this year
Insurance Post can exclusively reveal Aviva is developing its own pet insurance product, with a view of launching in Q4 this year.
Lemonade’s UK lead exits
Sarvesh Ramachandran, Lemonade’s UK country head, has left the business after more than four years.
CyberCube appoints new CEO
Chris Methven has been appointed CEO of cyber risk analytics provider CyberCube, as former chief Pascal Millaire takes the role of senior advisor.
2026 to see more ‘selective’ but still frequent consolidation
Insurance market consolidation is set to continue in 2026, driven by private equity exit cycles and specialist acquisitions, according to Sicsic Advisory founder Michael Sicsic.
AIG completes $2.1bn Convex stake acquisition
AIG has completed its $2.1bn (£1.5bn) acquisition of a 35% minority stake in specialty insurer Convex.
Ecclesiastical sees 20% uptick in fraud detection
Ecclesiastical Insurance’s claims team investigated more than 280 cases of suspected fraudulent activity during 2025, representing a 20% increase on 2024.
ChatGPT users can now get home insurance quotes in chat
ChatGPT users can now receive a personalised home insurance quote within conversations with the large language model.
Aviva’s minifleet proposition; Antares’ restructuring; IUAD’s board member
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Lloyd’s reportedly shelves Blueprint Two
Lloyd’s has shelved its major technological transformation project Blueprint Two after years of delays.
Non-violent cargo thefts could ‘move needle’ for marine rates
The International Union of Marine Insurance has sounded the alarm on a worldwide increase in non-violent cargo theft being carried out by criminals posing as logistics providers.
Lawyer warns of worrying uptick in driving licence fraud
Ruth Needham, partner and head of fraud at law firm Kennedys, believes insurers need to put more checks in at the onboarding stage of selling car insurance, after seeing an uptick in fake licences and documents.
Five cyber claims trends to watch in 2026
Brokers and lawyers have highlighted several key trends to watch out for in relation to cyber claims, speaking at an event held by law firm Stewarts last week.
JP Morgan finally enters UK insurance market
Almost two-and-a-half years after Insurance Post revealed a product was in the works, JP Morgan's Chase Bank has officially entered the UK's insurance market.
Industry must break ‘reactionary dynamic’ with SME market
Current approaches to SME insurance are too reactive and cyclical, and are contributing to underinsurance, according to Markel UK managing director Lee Mooney.