News
Sabre targeting £80m profit by 2030
Geoff Carter, CEO of Sabre, has told Insurance Post that the firm plans to take in "at least" £80m in profit by 2030.
Myrie nets £30k from insurance industry conferences
BBC journalist and presenter Clive Myrie has netted at least £30,000 in fees for insurance industry events, including the Biba and Airmic conferences, over the past two years.
Ecclesiastical’s latest scheme; Allianz’s Uber launch; Evolution’s CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Direct Line accepts £3.6bn bid from Aviva
Direct Line Group has this morning confirmed it has reached a “preliminary agreement” on the financial terms of a potential acquisition of the entire share capital of Direct Line by Aviva.
Sabre to launch motorcycle brand in Q1 2025
Sabre has confirmed in a market statement that it intends to launch an online-only motorcycle insurance brand in Q1 2025.
Insurance makes up almost half of FCA s166s for Q1
Financial Conduct Authority data has shown that of the 14 Skilled Persons Reports commissioned between 1 April and 30 June 2024, six were issued for insurance.
Insurers share concerns after killing of UnitedHealthcare CEO
Adrian Jones, chief of staff for international and global markets at insurtech Acrisure, observed UnitedHealthcare CEO Brian Thompson’s death was shocking and deeply concerning given the accessibility of the insurance sector’s leaders.
Policy Expert reveals lessons learnt after customer complaints
Steve Hardy, CEO of Policy Expert, outlines the changes it made following issues with the claim of a dissatisfied customer who then went on to create an action group.
Q&A: Gary Murphy, Gigasure
Gary Murphy, head of travel at recently launched MGA Gigasure, talks to Insurance Post about the firms’ travel agenda and balancing transparency with policy personalisation
Lying motor claims lawyer lands in legal labyrinth
HF and Admiral have secured a finding of fundamental dishonesty against a lawyer who lied about injuries following several road traffic accidents.
GBG Insurance enters liquidation
GBG Insurance has been put into liquidation by Guernsey Royal Court, following the company entering administration last December.
Gallagher promotes for three northern regional MDs
Gallagher has made a series of leadership appointments in its UK and Ireland retail division, all of which operate in the north of England, and Scotland, covering 14 regional offices and 750 people.
Zurich buys AIG’s global travel insurance business
Zurich has completed a deal to take AIG’s global personal travel insurance and assistance business for USD $600m (£473m), plus a potential earn-out payment.
Government accused of rebranding leasehold ‘commission’ as ‘fees’
Yesterday (2 December) the government opened up a consultation looking for feedback regarding permitted fees for landlords, freeholders and property managing agents.
Ageas announces raft of personal lines hires
Ageas UK has today announced changes to its executive leadership team, as it commits to growing in the personal lines broker market.
Green Insurer CEO wants brokers to follow its path to carbon neutrality
Environmentally friendly motor broker The Green Insurer has achieved a carbon neutral certification through Carbon Neutral Britain.
Lord Chancellor announces UK-consistent Ogden rate
Lord Chancellor Shabana Mahmood has announced her intention to increase the personal injury discount rate to 0.5% from -0.25%, in line with Scotland and Northern Ireland.
Heidi Alexander appointed Transport Secretary
Following the resignation of Louise Haigh as transport secretary, Downing Street confirmed that Heidi Alexander has been appointed to replace her.
Transport Secretary Haigh quits over phone offence
Louise Haigh has resigned as transport secretary after pleading guilty to a criminal offence related to incorrectly telling police that a work mobile phone was stolen in 2013.
Rokstones’ disgrace cover; Risk Solved’s partnership; LMA's board additions
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Industry demands small claims limit increase
Several figures in the insurance industry have urged the government to increase the small claims track limit.
Insurer CEOs focusing on cost cutting rather than diversity
Reboot’s 2024 Race to Equality report has found that budget cuts are the biggest contributing factor to the slowing down or silencing of diversity efforts.
FCA softens enforcement transparency plans following feedback
The Financial Conduct Authority has today opened up its second phase of consultation surrounding its plans to name firms into which it opens up investigations.
Policy Expert gets capacity for pet push
Policy Expert has announced Bridgehaven will provide capacity for the business alongside Accredited, allowing the personal lines insurer to finally launch pet cover.