News
MGAs ‘must have a plan B to survive soft market’
While he said the MGA market is “one of the most exciting and consequential inflexion points” in his 50-year career, McGill chair Jon Lloyd said “we will now see who the real players are in a soft market”.
Winslow named CFC CEO as O’Shea steps down
CFC has hired former Direct Line Group chief executive Adam Winslow as group CEO, succeeding Louise O’Shea who is stepping down.
Petplan named insurer with the most satisfied customers
Petplan, Nationwide Insurance and Saga Insurance are the providers with the most satisfied customers, according to the latest survey conducted by the Institute of Customer Service.
FCA review calls for ‘trusted’ AI agents in insurance
A Financial Conduct Authority review into the use of artificial intelligence has both warned of the amplification of fraud and cyber risks and said “trusted agents” could help consumers through addressing protection gaps as well as switching firms.
John Lewis relaunches motor insurance offering
John Lewis Money has relaunched its car insurance proposition following the overhaul of its insurance business earlier this year.
Allianz’s MGA; Policy Expert’s capacity; Clear’s CCO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Jensten’s Birch says M&A drive ‘will not slow down’
Gareth Birch, who recently joined Jensten from Gallagher as CEO for broking, has told Insurance Post that M&A “will not slow down” as he is tasked with bringing together the acquired businesses under one operating model.
Aviva calls for forward-looking climate risk modelling
Insurers are relying too heavily on historical risk data, contributing to a widening protection gap as climate-related losses become more frequent and severe, according to Aviva.
Post’s Luckham scores hat trick at Biba Media Awards
Tom Luckham, senior reporter of Insurance Post, picked up three trophies including Journalist of the Year at the British Insurance Brokers’ Association's Journalist & Media Awards.
Hagerty enters agreement to acquire Bennetts
US classic car insurer Hagerty has entered into a definitive agreement to acquire UK motorcycle insurance broker Bennetts.
Mission CEO confirms HNW launch with Aviva execs
Mission CEO Ross Dingwall has today (1 July) confirmed that the executives who left Aviva Private Clients in May, have joined him to set up a new HNW product.
Flood Re halves premiums for low-income households
Flood Re will more than halve contents insurance premiums for some lower-income households as part of a major overhaul that ministers say will make flood insurance fairer, reward resilience and prepare the scheme for its planned closure in 2039.
Acrisure UK CEO and CFO both resign
Acrisure UK CEO Mark Mcilquham and joint-CFO and chief operating officer Katherine Cross have resigned their posts at the company, a spokesperson has confirmed.
City calls for insurer uptake in digital verification pilot
Insurers are encouraged to sign up to the pilot phase of a City of London digital verification system, which could save the economy £5bn through fraud reduction and infrastructure gains.
Celebrity Traitors winner Alan Carr to host British Insurance Awards
Insurance Post can today reveal that comedian and TV presenter Alan Carr will be hosting our prestigious British Insurance Awards next week at the Royal Albert Hall.
Bspoke’s Smyth to replace Manchester as MGAA chair
The Managing General Agents’ Association has appointed Bspoke Group chair Tim Smyth as its new chairman.
Zurich launches life sciences offering in UK
Zurich has launched a life sciences insurance offering in the UK and Europe, expanding its existing US capabilities.
Pool Re launches terror resilience assessment tool
Terrorism reinsurer Pool Re has launched a tool aimed at helping policyholders assess and manage terrorism risk across property portfolios.
Sign up to watch Allianz and Cuvva discuss how voice channels are enabling fraud
Fraud in insurance is becoming increasingly organised, coordinated and difficult to detect, with bad actors operating seamlessly across channels and exploiting weaknesses at different stages of the policy lifecycle.
Quantexa warns AI fraud could leave smaller insurers exposed
Organised artificial intelligence fraud is likely to shift from large insurers to smaller rivals as major carriers improve their detection capabilities, Quantexa’s global head of insurance fraud solutions, Shyam Bhatt, has warned.
Zurich’s Hackett urges industry to win over Gen Z talent
Gen Z graduates are ‘bright’ and the industry needs to position itself as an attractive place to start a career for them, according to Bernadette Hackett, head of customer and distribution UK at Zurich.
Charity accuses Lloyd’s agents of ‘underperforming’ on climate change
Climate change progress has stalled significantly since 2024, with Lloyd’s managing agents performing worse across the board in ESG underwriting practices, according to a charity’s major climate change assessment.
Poverty premium adds £224 to motor insurance costs
The “tax on being poor” identified by the Financial Conduct Authority’s former head of insurance Matt Brewis remains firmly in place, according to new research from Fair By Design and the University of Bristol’s Personal Finance Research Centre.
Specialty growth helps Crawford weather quieter claims year
Crawford UK and Ireland president Paul Lofkin has reflected on the claims environment so far this year, and reveals the business is no longer looking at the weather out of the window, but focusing on global risks.