News
Catherine Dixon to leave Allianz next month
Allianz Commercial chief underwriting officer Catherine Dixon is set to leave the insurer in February, Insurance Post can reveal.
Biba’s school initiative ‘trailblazer’ for supporting under-privileged students
Participating schools have praised the British Insurance Brokers’ Association programme for “shaping the future of education and careers” for young people.
Amazon to close down Insurance Store
Just 15 months after its October 2022 launch, Insurance Post can reveal that Amazon is closing down its UK Insurance Store.
FCA to probe insurers on non-financial misconduct
The Financial Conduct Authority has revealed it is “strengthening its expectations” on how regulated firms consider non-financial misconduct, and will commence a survey to assess the number of cases in financial services.
Qlaims and Lorega founder Malcolm Harvey to retire
Qlaims Limited has announced the retirement of its founder, industry veteran Malcolm Harvey.
Insurance must prepare for a rise in deepfake AI fraud
Scott Clayton, Zurich’s head of fraud, shares how rapidly developing technology and digital manipulation threatens to put additional pressure on claims handlers, as deception becomes harder to spot.
Fraud ring uncovered by Keoghs and major retailer
Following a three-year investigation, Keoghs and an unnamed major retailer have exposed and convicted a sophisticated fraud ring.
Perils updates Storm Babet damage valuation to £586m
Perils stated £467m of the losses from Storm Babet and Aline occurred in the UK and were mainly flood-related.
Revolut hits back at Allianz lawsuit citing service level failures
Revolut has hit back at a £10.4m lawsuit filed against it by Allianz, denying it breached contractual obligations and alleging the insurer fell short of minimum claims service levels.
Auxillis owner ‘in talks to buy Kindertons’
According to multiple industry sources, conversations are being held for the potential sale of accident management and mobility company Kindertons to Redde Northgate, the parent company of Auxillis.
Ageas CEO eyes home growth in 2024
Ageas CEO Ant Middle reveals how the personal lines insurer will use real-time pricing technology to boost the provider's home book in 2024.
Qover enters UK motor; ARAG seals DAS deal; OSB's Consumer Duty director
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Flood Re CEO challenges insurers to ‘go even further’ on flood resilience
At an event for the National Flood Forum and the All-Party Parliamentary Group for flood prevention, FloodRe CEO Andy Bord urged insurers to “go even further” with flood resilience.
MIB CEO Dominic Clayden to exit in June
The Motor Insurers’ Bureau has announced that its CEO, Dominic Clayden, will be vacating his role in June after six years with the organisation.
Cyber Monitoring Centre appoints former NCSC head Ciaran Martin
Ciaran Martin, who ran the UK’s National Cyber Security Centre from its inception until 2020, has been appointed as chair of the newly-launched Cyber Monitoring Centre’s technical committee.
Climate campaigners claim victory after insurers rule out EACOP
Reinsurance companies Sirius Point, Riverstone International, Enstar Group, and specialty insurers Blenheim and SA Meacock, have all officially ruled out involvement in the East African Crude Oil Pipeline.
Hyperexponential’s CEO highlights next steps after $73m funding round
The insurtech’s CEO and co-founder shares how a “self-sustaining strong foundation” is essential to pique venture capitalists’ interest, and how the funds will fuel its international expansion.
Concern over workplace and political risks rises in the UK ahead of global trends
UK risk professionals are more likely to see the shortage of skilled workers, political risks and risks associated with new technologies as pressing concerns than their global peers, according to the Allianz Risk Barometer.
Bloomberg warns Admiral and DLG could suffer from FCA premium finance action
Admiral and Direct Line’s profits could be threatened if the Financial Conduct Authority clamps down on companies charging customers for paying motor insurance premiums monthly, Bloomberg Intelligence has warned.
Chaucer names Aspen’s Milner as new CEO
Richard Milner is leaving Aspen to head Chaucer Group, with Sarah Stanford announced as his interim replacement.
MP highlights loophole in Leasehold Reform Bill
Matt Brewis, head of insurance for the Financial Conduct Authority, has appeared before a parliamentary committee to discuss the Leasehold and Freehold Reform Bill and been challenged by MPs over whether the current crop of rules ensure insurance costs…
Court of Appeal dismisses Covid BI appeals from Allianz and Various Eateries
The Court of Appeal has dismissed cases pleaded by restaurant operator Various Eateries and its insurer Allianz as to how Covid-related business interruption losses ought to be aggregated.
Allianz to rebrand two UK personal lines businesses
Allianz has announced plans to “boost” the Allianz brand presence in the UK personal lines motor and home market through a series of rebrands.
Ghost broker sentenced after targeting Sudanese motorists
A ghost broker who targeted Sudanese nationals living in the UK has been sentenced after LV’s fraud team spotted six motor insurance policies that he took out using false information.