News
Insurers should share predictions with brokers to prepare for more challenging times ahead - Aviva's Hemming
Gareth Hemming, managing director for UK GI distribution & SME at Aviva speaks to Post about the pressures on insurers and brokers, emphasising how brokers are a critical part in the economy
Upcoming webinar: Watch Scor and Ms Amlin discuss how operational automation can increase efficiency and boost profitability
Insurance organisations today are under more scrutiny than ever from auditors and stakeholders alike. In response, many continue to shift their efforts from the digital transformation of front-end functions to driving higher levels of efficiency and…
PIB appoints deputy CEO and underwriting and Europe executives
Broker PIB has made a raft of senior appointments, recruiting from Aon and Amwins Global Risks as well as promoting internally, as it prepares to double in size through its next stage of growth.
Stubben Edge secures more funding; MS Amlin rebrands; Axa XL appoints chair
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Attempt to oust R&Q executive chairman Spiegel fails
R&Q executive chair William Spiegel will continue to lead the program management and legacy insurance business after a vote to oust him failed.
Analysis: Lloyd’s latest cyber directive paves the way for a cyber cat market
Mandated exclusions for state-backed cyber-attacks in standalone cyber policies issued at Lloyd’s could pave the way for a separate market for cyber war and catastrophe risks, executives have predicted.
Energy price cap a lifeline for businesses but more details needed
With some businesses still recovering from Covid-19 pandemic, and now facing a new hit in the form of an energy price hike, the number of viable businesses taking out insurance could fall, but energy cap announced by Prime Minister Liz Truss could be a…
Matthew Wilson returns as Brit CEO after leave of absence
Matthew Wilson has resumed his role as Brit CEO after he took a leave of absence last September.
Gallagher Re launches academic research centre to develop risk management strategies
Gallagher Re launches Gallagher Research Centre to help its clients improve their perception of risk for all types of hazards.
Former MS Amlin boss Chris Beazley appointed as CEO of Scor UK and Scor Syndicate
Scor has appointed former MS Amlin AG boss Chris Beazley as CEO of Scor UK and Scor Syndicate with effect from 20 September, subject to regulatory approval.
Former CII vice presidents highlight 'serious and urgent concerns' in renewed calls for independent review
Former vice presidents of the Chartered Insurance Institute are set to table a motion calling for an independent review of decisions taken at the organisation since 2016 at its annual general meeting next month.
Chaucer partners up with Moody’s on ESG scorecard to help clients become more sustainable
Chaucer has collaborated with Moody’s to roll out an ESG solution across underwriting, investments and operations.
Bruce Carnegie-Brown: Brokers need to adapt to the digitalisation of the marketplace and spend time adding value
Brokers who are “embracing technology change will be hugely advantaged” in a changing industry which needs to adapt to make the market more efficient by “spending more of time on the value-added piece of the advice activities”.
Lloyd's reserves £1.1bn for Ukraine-related losses
Lloyd’s has set aside £1.1bn for losses arising from the conflict in Ukraine, around a quarter of the sum relating to expected aviation losses.
AIG and Lloyd's insurers reject case advanced by Aercap in $3.5bn claim
Insurers have rebuffed claims from aircraft leasing giant Aercap that it is owed either $3.5bn under its all risks policy or $1.2bn under its war risks policy for the dispossession of aircraft by Russian airlines earlier this year.
Sirius Point appoints former RSA boss Scott Egan as CEO
Sirius Point has appointed Scott Egan as CEO, effective from 21 September 2022.
Jensten Group not focussed on larger rivals as it targets ‘clarity’ for brokers
The Jensten Group has said it is “always looking at opportunities for growth” but doesn’t want to lose focus on what type of growth it wants to achieve.
Markel hires MD of distribution strategies and business development
Markel International has appointed Dan Martin as managing director of distribution strategies and business development.
Aon appoints WTW's William Bruce to lead climate risk consulting
Aon has appointed William Bruce from WTW as global managing director of climate risk consulting in Aon Global Risk Consulting.
July cyber-attack causes backlog for Davies
Davies Group is working to mitigate the impact of backlogs caused by a cyber-attack it suffered at the end of July.
Insurers agree FCA price walking ban benefits customers, but ‘doesn’t mean renewals will always go down’
Insurers have disputed Which? survey results saying the majority of their car and home insurance customers are seeing their prices go down which demonstrates that the ‘new rules are working’.
Companies are ‘treading a very thin line’ in avoiding data breaches
After ICO launched criminal proceedings against eight data thieves, companies have been told to revisit their cyber security to ensure they are properly secured and protected against potential data thieves as cyber attacks are on the rise.
UK P&I Club hires new chief underwriting officer
UK P&I Club has appointed William Beveridge as chief underwriting officer.
Insurance fraud expected to rise this year, reversing 2021 trends
Insurers and counter-fraud specialists expect the level of insurance fraud to increase this year, with the cost-of-living crisis driving more people to make dishonest claims.