News
Qlaims names Latter CEO as Harvey switches to director role
Qlaims has appointed Liz Latter as CEO replacing founder Malcolm Harvey who is staying with the business as an executive director.
Arch reveals pair of leadership promotions
Arch Insurance International has promoted Kirsten Valder to chief administrative officer and Jason Kittinger to chief operating officer, effective 30 June.
Upcoming webinar: Managing indemnity spend on escape of water claims
Post, in association with Claims Consortium Group and Synergy, will host a live webinar on 29 June to discuss how insurers can manage rising escape of water claims costs and how implementing innovative technology can deliver a better service for both…
Institute calls for evidence in ongoing push for CII strategy audit
The council for the Insurance Institute of Shropshire and Mid-Wales has reiterated its call for the Chartered Insurance Institute to pause its strategic manifesto and commission an independent audit ahead of engaging with members on the best way forward.
Uber restricts drivers to insurance panel as market insiders warn of ‘huge ramifications’
Exclusive: From next year Uber will only accept drivers with insurance policies from one of nine approved providers.
By Miles strikes £5m agreement with Silicon Valley Bank
Exclusive: Pay-per-mile motor insurtech By Miles has agreed a £5m loan facility with Silicon Valley Bank.
Operating losses worsen at UK General in 2020 as turnover falls
UK General Insurance has posted an operating loss before exceptional items of £7.4m for a 15-month period ended 30 June 2020, more than double the £3.2m deficit the year before.
Activist investor Cevian Capital takes 4.95% Aviva stake
Swedish investment firm Cevian Capital Partners has confirmed it now holds a 4.95% stake in Aviva.
Tom Wakefield named Gallagher Re CEO ahead of Willis Re merger
Gallagher has revealed that Tom Wakefield will become CEO of Gallagher Re taking over from Simon Behagg.
Gefion declared bankrupt
Gefion Insurance has been declared bankrupt by the Maritime and Commercial High Court in Denmark and is no longer paying claims.
Flood Re adds four to senior team
Flood Re has made four hires, bringing in experience from Hiscox, Ageas, Lloyds Banking Group and Aviva.
RSA targeting motor and SME, says CEO Scott Egan as takeover completes
RSA is in a “cracking place” and ahead of where it would expect to be, according to Scott Egan CEO for the UK and international.
Insurance Hound: Most read by insurers in April and May 2021
Which topics have insurers been reading most about?
Kessler 'can't hold shareholders hostage this time', says Ciam as it calls for Scor chairman's removal
Investment fund Ciam is encouraging shareholders of Scor to vote against the reelection of chairman and CEO Denis Kessler and two other directors to the reinsurer’s board.
Lloyd’s head of culture and Dive In leader Pauline Miller moves to Dentsu
Pauline Miller, head of culture at Lloyd’s, is joining media and digital marketing communications business Dentsu International at the start of August.
Howden unveils ESG insurer; DLG launches tech platform; Zego introduces pregnancy loss leave; Hiscox in legacy tie up; Brit debuts consortium
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Euler Hermes appoints Sarah Murrow as UK&I CEO
Euler Hermes has appointed Sarah Murrow as CEO of its UK and Ireland business, effective 1 June and subject to regulatory approval.
Upcoming webinar: The future of insurance fraud
Post in association with Shift Technology will host a live webinar on 23 June where an expert panel will discuss how the insurance industry is adapting to changes in fraud and what we can learn from the past to inform the future.
Wefox could have raised $1bn say co-founders
Insurtech Wefox could have raised over $1bn (£706m) but chose to close its series C funding round at $650m, its co-founders told Post.
Cross-sector working group seeks clarity on mixed injury whiplash portal claims
A cross-sector working group has been set up with mixed injury whiplash test cases set to make their way through the courts.
Institute calls for independent review into CII strategy
The council of the Insurance Institute for Shropshire and Mid-Wales has called for an independent audit on the manifesto of the Chartered Insurance Institute after an exchange of letters in which it warned the CII was out of touch with members and…
Bought By Many to launch in all 50 US states after $350m raise
Bought By Many has raised $350m (£247m) and secured a valuation of over $2bn, with CEO Steven Mendel telling Post that the pet insurtech aims to launch in all 50 US states by “this time next year”.
Global insurers silent on critical ESG report as peers acknowledge more work needed
AIG, Chubb, Travelers and Tokio Marine were among insurers that declined to engage when approached for comment about a recent report highlighting insurer ESG failings.
Insurers failing on ESG: report
Insurers are failing to tackle ESG issues, a report by Share Action has warned, though European businesses are at the front of the pack.