News
Government to launch Martyn’s Law consultation after Christmas
The government will launch a consultation on proposed counterterrorism measures that smaller premises will have to take as soon as possible, according to a Home Office official.
Cyber has reared its ugly head again – time to have it as part of due diligence?
News editor view: As another cyber hack is revealed, and as it was Computer Security Day on Thursday, Scott McGee reiterates the importance of staying cyber vigilant, while bringing all your partners to a level of cyber security that you find acceptable.
CII asked for answers about finances ahead of AGM
Former Personal Finance Society board member Vanessa Barnes has raised concerns about the Chartered Insurance Institute Group’s 2022 annual report ahead of the professional body's annual general meeting this afternoon.
Walsh and Newman to leave CFC following Lloyd’s investigation
David Walsh and Graeme Newman will leave CFC Underwriting in 2024 following a Lloyd’s investigation into allegations of non-financial misconduct at the company.
Mapfre calls for AI regulation and improved cyber collaboration
Antonio Huertas, chairman and CEO of Mapfre explained why AI regulation is needed and how cyber continues to leave the industry at a crossroads.
Animal Friends’ 2022 profits take £12m customer refund hit
The 2022 financial accounts for Animal Friends have revealed that the company paid out nearly £12m in “voluntary remediation payments” in 2022 – almost three quarters of the original £16m of profit it made that year.
UK develops secure AI guidelines
The UK has published guidelines to ensure the secure development of artificial intelligence technology.
Saga boss Sutherland steps down after four years
Saga has announced that group CEO Euan Sutherland is to be stepping down after four years in the role.
Allianz makes changes to leasehold products following FCA reforms
Allianz has issued an email to its brokers outlining changes to its multi-occupancy buildings insurance products, which includes capping commission at 30%.
Amazon adds fifth provider to Insurance Store
Amazon has signed-up Urban Jungle to its Insurance Store, making it the fifth insurance provider on the tech-giant’s platform.
Lloyd’s consults on Net-Zero approach
Lloyd’s of London has launched a consultation among member firms on its proposed approach in insuring the low-carbon transition over the next three years.
CII faces more changes at the top
As the Chartered Insurance Institute faces its second search for a new CEO in as many years, the professional body has been hit by further resignations in key roles.
Gove brings Bill banning excessive commission to parliament
Michael Gove, Secretary of State for Levelling Up, has brought a Bill to give leaseholders more power, while banning opaque and excessive buildings insurance commissions for freeholders and managing agents.
Stonegate settles Covid BI dispute with MS Amlin, Liberty and Zurich
Stonegate, the UK’s largest pub group, has agreed a settlement with MS Amlin, Liberty Mutual and Zurich, bringing an end to a long-running legal dispute over Covid business interruption losses.
Ifed in commercial motor fraud crackdown
In the Insurance Fraud Enforcement Department’s recent crackdown on commercial insurance fraud, Axa played a role in verifying motor insurance policy legitimacy.
117,000 drivers found guilty of insurance-related offences in 2022
More than 117,000 drivers were found guilty in court for insurance-related offences in 2022, with a third convicted for keeping a vehicle without insurance.
Axa’s bodycams; Pen’s box at Lloyd’s; Utility Warehouse’s CEO steps down
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Pete Allchorne elected Foil president
Pete Allchorne, partner at DAC Beachcroft, has been elected president of the Forum of Insurance Lawyers.
Allianz suing Revolut for £10.4m over axed travel insurance deal
Allianz is suing Revolut for £10.4m, alleging that the neobank breached its obligations under a deal it struck in 2021 for Allianz to provide travel insurance to Revolut customers.
Insurers urged to back more British environmental reinstatement projects
As biodiversity loss reaches an all-time high, insurers are being asked to consider reallocating funds to help ‘direct action’ projects in the UK to support the country’s depleted ecology.
Hackers issue Sabre with ransom demand following cyber attack
The hacking group behind Sabre’s cyber attack last week has issued the insurer with a ransom demand and given a deadline for which to respond.
Tories announce captive insurance consultation
A consultation on whether to establish a regulatory framework for captive insurance companies will be launched next Spring, according to the Autumn Statement.
Sabre suffers cyber attack
Sabre has today revealed it was subject to a cyber attack last week, however it believes no sensitive data was accessed.
Atec Group chief reveals plan to grow business
Brendan Devine, CEO of Atec Group, has told Insurance Post the foundations are in place to achieve £25m in turnover in 2024 with growth coming from non-standard home insurance.