News
QBE names Chris Wallace as UK insurance business head
Chris Wallace has been appointed executive director of QBE’s UK insurance business taking over from Cécile Fresneau, who was promoted to run the European Operations insurance division earlier this year.
Allianz unveils sustainability charter; Beazley plots ESG syndicate; FOS complaints up 5%; and IQUW set to acquire Agora
Post wraps up the major insurance deals, launches and investments of the week.
EQT and Vitruvian invest in CFC
The reinvestment in CFC by private equity house Vitruvian Partners and new funds from EQT is not the starting gun for an acquisition spree, according to founder and group CEO David Walsh.
OIC portal data raises 'questions' on exceptional circumstances and access to justice
Official Injury Claim data has raised questions among insurers and claimant representatives, with one expert warning trends "strongly" imply teething problems warnings hold true.
Less than 10% of whiplash portal claimants unrepresented
Ministry of Justice data shows that nine in ten claimants using the Official Injury Claim whiplash portal have done so using a lawyer or other representation.
Campaigners call on Axa to set precedent on oil and gas
Campaigners have called on Axa to withdraw support for the oil and gas industry, warning CEO Thomas Buberl that the credibility of the group’s climate leadership is on the line in an open letter.
Biba calls on FCA to cut out 'jargon' amid product governance confusion
The British Insurance Brokers’ Association has called for the Financial Conduct Authority to cut down on the amount of jargon in its rulebook, saying that the terminology used in new product governance rules risks confusing brokers.
Post LIVE Claims: Insurers must fish outside the 'normal insurance pool' for claims talent
Claims handlers need to be able to start applying the language that customers use in their industries, QBE claims technical director Mike East has said.
FCA warns brokers 'failed to understand' product governance rules impact
Brokers have 'failed to understand the impact' of product governance rules that came into force on 1 October, the Financial Conduct Authority has said.
Post LIVE Claims: Sustainability lessons from motor must be brought to bear in home claims
Insurers have work to do to ensure that the sustainability of home insurance claims keeps pace with strides being made with motor claims, according to personal lines claims directors.
Don't miss Admiral, Allianz, Axa, QBE, RSA, Zurich and more at the Insurance Post Live Claims Event - On demand now
This year’s Insurance Post Live Claims Conference is now available on demand, bringing you cutting-edge content to your screen.
Insurance firms commit to menopause action
Crawford & Company and Partners& have marked World Menopause Day on 18 October with a new policy and commitment respectively.
Tributes paid to Sir David Amess
Insurance industry figures have paid tributes to Sir David Amess MP, who was killed last week.
RIMS CEO Mary Roth to retire
RIMS CEO Mary Roth has announced her plans to retire following the organisation's 2022 annual conference and exhibition due to be held in San Francisco next April.
PFS hits out at lack of CII engagement ahead of consultation and moots legal split
The Personal Finance Society's president has criticised the Chartered Insurance Institute for not giving the PFS board the chance to have input into a consultation document launched today and warned it is considering options for alternative legal…
FCA chair Randell to step down next year
Financial Conduct Authority chair Charles Randell is to step down next spring after four years in the role.
CII launches member consultation
The Chartered Insurance Institute has launched its member consultation Shaping the Future Together with a deadline for responses of 17 December.
Sustainable products and services showcase highlights insurance crucial in getting to net zero
The Insurance Task Force, as part of The Prince of Wales’ Sustainable Markets Initiative, has published a Sustainable Products and Services Showcase detailing the wide-ranging insurance support that is empowering customers to develop, invest in and scale…
Lloyd’s and London market D&I efforts light on inclusion, says FCA
The Financial Conduct Authority has urged Lloyd’s and London market insurers to do more foster more inclusive working environments in order to better serve customers.
Motor insurance sees biggest drop for seven years; Apollo gets new investment; Axa sets aside €1.5bn to fight deforestation; Nexus refinances; and Radius acquires Milestone
Post wraps up the major insurance deals, launches and investments of the week
Sabre warns of driving test 'backlog' effect
Sabre has said it may be 'disproportionately' affected by a backlog of driving tests and delays in new car registrations.
Das appoints Tony Coram as UK CEO
Das UK has appointed Tony Coram as CEO replacing Andrew Burke who is stepping down at the end of the year.
SFO closes long-running Quindell investigation
The Serious Fraud Office has closed its criminal investigation into historic accounting practices at Watchstone, formerly Quindell.
Employee ownership front of mind in search for Aston Lark buyer, says Blanc
Being able to continue employee ownership was the top priority in the search for a buyer for Aston Lark, CEO Peter Blanc has told Post.