News
RSA's Norgrove promises broker service improvements
RSA UK and international CEO Ken Norgrove has promised to materially improve the insurer’s level of service to brokers by the end of the year, admitting that it had fallen short in recent years.
Tokio Marine voids 'fraudulently obtained' Greensill policies
Tokio Marine has accused Greensill of fraudulently obtaining insurance policies and said it will “vigorously defend any claims against it” under the policies it has now voided.
Aviva names RSA’s Charlotte Jones CFO
Aviva has appointed Charlotte Jones as chief financial officer starting in September.
UK regulators are not 'lumbering' and should not mirror Bermuda, says Glen
Calls from the London market to reform the UK regulatory regime to more closely resemble that of, for example, Bermuda should be resisted, the Economic Secretary to the Treasury John Glen has said.
Clyde & Co merges with BLM; Beazley unveils underwriting structure; KGM buys Eridge Underwriting Agency; Blanc becomes WWF ambassador; and Swiss Re warns of global protection gap
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
APRIL FOOLS' DAY: Qumble in 'unbrielievable' industry first with parametric dairy product
Exclusive: Insurtech Qumble is set to bring its innovative parametric cheese cover to the mass market – both on earth and the moon – over the next quarter.
Robust e-scooter regulation needed at 'earliest opportunity', sector urges Shapps
Four insurance industry trade associations have called on the government to bring in 'robust' legislation around the use of e-scooters as soon as possible if they are to be permitted beyond current trials.
Judgment closing dental liability loophole could herald insurance step change
A Court of Appeal judgment has closed a legal loophole that meant dental practices were not liable for injuries caused by individual dentists during treatment, potentially further opening up the market to commercial insurers.
Axa will not appeal Corbin & King BI verdict
Axa has decided not to appeal a £4.36m Commercial Court business interruption judgment against it.
Data analysis: FOS insurance backlog tops 9000 cases
Freedom of information requests by Post and sister title Insurance Age have laid bare the scale of insurance case delays at the Financial Ombudsman Service.
Enoizi joins Guy Carpenter in global role
Guy Carpenter has appointed Julian Enoizi as global head of public sector.
UK's first public insurtech Ondo expects to break even within two years
Ondo, which became the first UK insurtech to go public last week, expects to break even within the next two years, its CEO Craig Foster has told Post.
Lloyd’s CEO John Neal hospitalised after weekend collision
Lloyd’s CEO John Neal is in hospital with serious injuries after he was involved in a collision with a car on Saturday while cycling.
Motion for mandatory leasehold buildings insurance commissions disclosure tabled in parliament
An early day motion naming Reich and calling for regulated firms to be required to disclose leasehold buildings insurance commissions has been tabled in the House of Commons.
Markel UK hires director of underwriting from Hiscox
Markel UK has named Mark Plews as director of underwriting, joining from Hiscox.
Claims Consortium Group expands claims handling services with acquisition
Exclusive: Claims Consortium Group has acquired loss adjuster Roger Rich & Co for an undisclosed sum.
RSA adopts trans-inclusive policy for UK staff
RSA has recently launched a new policy to support trans-identified and transitioning staff, and ensure their colleagues have the right tools and resources to be effective allies.
Qmetric CEO Suri exits as former Axa personal lines boss steps up
Sanchit Suri, former CEO of Policy Expert owner Qmetric, has left the business with immediate effect, Post can reveal.
Insured value of aircraft facing seizure in Russia far lower than reported asset values, says Neal
The insured value of leased aircraft effectively impounded by Russian airlines is likely between 15% and 20% of the total asset values, Lloyd’s CEO John Neal has said.
Losses from 'major event' in Ukraine will take time to evaluate, says Neal as Lloyd's posts underwriting profit
The Russian invasion of Ukraine will be a major event for the insurance market but the losses will take a long time to evaluate, Lloyd’s CEO John Neal has said.
Thatcham hails Mercedes’ move as 'milestone' in automated driving; Admiral strikes ADR deal; Marsh launches ESG rating; and MS Amlin commits to Net Zero
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Verisk to launch investigation after conference photo met with criticism
Verisk is to launch an internal investigation and conduct a review of future trade show plans after it drew criticism for a photo shared on social media by one of its business unit leaders.
Leaving IPT untouched in Spring Budget a 'missed opportunity' says Biba
The British Insurance Brokers' Association has warned leaving insurance premium tax at its current level will act as a disincentive to buy adequate insurance after the tax went unmentioned in the Spring Budget.
Market price increases not matching motor claims inflation, warns Sabre's Carter
Increases in the price of car insurance are not keeping pace with claims inflation, Sabre CEO Geoff Carter has warned.