News
Amanda Blanc named Women in Finance Champion
Aviva CEO Amanda Blanc has succeeded Dame Jayne Anne-Gadhia as HM Treasury’s Women in Finance Champion.
BI claims deductions should not leave businesses at 'an overall financial disadvantage', says HMT
Exclusive: Insurers should not make deductions from business interruption claims because insureds received government support during the pandemic if doing so leaves businesses at “an overall financial disadvantage”, the Economic Secretary to the Treasury…
Gurpreet Johal to lead Deloitte’s global reinsurance and London market team
Deloitte has named Gurpreet (Guru) Johal as UK and global sector leader for global reinsurance and the London market.
Ex-CHO chair sets sights on improving 'frictional' industry relationships with company launch
Credit hire firm Cogent Hire will aim for “zero litigation” and “near total” removal of fraud, managing director Kirsty McKno told Post as the company launched.
Steve Jenkins to leave CII
Steve Jenkins, development director at the Chartered Insurance Institute is leaving the organisation in April, Post can reveal.
Staveley Head administrators reveal £27.7m in claims
Unsecured creditors have submitted £27.68m in claims against motor broker and managing general agent Staveley Head Limited, far in excess of the £9.98m on the company’s books when Duff & Phelps were appointed as administrators in February 2020.
Sabre top line suffers as motor insurer pushes through 10% price increases in 2020
Sabre CEO Geoff Carter has defended the insurer’s falling profits and premiums, saying that pricing increases pursued throughout 2020 stand it in good stead to take advantage of growth opportunities going forwards.
Davies majority stake sold to BC Partners
International investment firm BC Partners has signed a definitive agreement to acquire a majority stake in Davies Group, for an undisclosed sum.
Mishcon de Reya sees instructions in Covid-19 reinsurance disputes
Law firm Mishcon de Reya, which represented the Hiscox Action Group in the business interruption insurance test case, has revealed it has seen instructions concerning the emergence of disputes in the global reinsurance market.
Insurance Post’s Best Insurance Employer returns for 2021 – take part
Did your employer go above and beyond to look after its staff during the Covid-19 lockdowns of 2020/2021? Are the perks you receive out of this world? Take part in our survey to give your employer the recognition it deserves.
Hiscox under fire from photographers for 'intolerable' BI claims delays
Photographers have criticised Hiscox for the way in which the insurer has handled lockdown-related business interruption claims, with the head of a professional association calling the continued delay of settlements "intolerable".
LIP whiplash portal guide to 'hopefully' arrive by early April
The litigants in person guide for the whiplash portal will "hopefully" be published by early April, according to a Ministry of Justice update.
Antoine Gosset-Grainville to succeed Denis Duverne as Axa chairman
Antoine Gosset-Grainville will take over as Axa chairman when Denis Duverne retires in April 2022.
Pool Re reveals head of digital transformation and two board appointments
Pool Re has appointed Katy Huang as head of digital transformation and added Axa boss Claudio Gienal and National House Building Council chairman Alan Rubenstein to its board.
Aon and Gallagher discussed how artificial intelligence enables effective claims processing
Post in association with Nuxeo hosted a live webinar where an expert panel discussed how AI can improve both accuracy and efficiency during the claims process and has a positive impact on customer experience.
Hiscox promotes Isha Patel to head of direct commercial in UK
Hiscox has appointed its area director for the South, Isha Patel, as head of direct commercial in the UK.
For the record: Wilson’s insurtech Abacai acquires Dayinsure; 250 job losses at BGL; GRS recruits Advanta team; and Howden acquires STA Group
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
FOS CEO Caroline Wayman to step down in April
Caroline Wayman, chief ombudsman and CEO of the Financial Ombudsman Service, is set to step down after seven years at the helm.
Direct Insurance Group makes COO Tom Downs multi-million pound IT investment leader
Direct Insurance has named group chief operating officer Tom Downs as the leader of a multi-million pound investment in operations and IT to widen its digital capabilities.
Fully Comp 15: Insurance Internships and graduate programmes - keeping up in the race for new talent
For the fifteenth episode of Post’s video series Fully Comp, we gathered together a panel to discuss insurance internships and graduate programmes.
CII boss Sian Fisher addresses local institute concerns over grant scheme aimed at tackling seven figure deficit
Exclusive: The Chartered Insurance Institute’s 2020 deficit is no longer going to be of the “magnitude” of £7m, CEO Sian Fisher told Post as she addressed concerns around local institute grant schemes.
IPO inevitable for 'reluctant unicorn' Zego: CEO Sten Saar
Zego, now valued at $1.1bn (£792m), has become the UK's first insurtech 'unicorn' with an initial public offering "inevitable" but not on the immediate horizon, the insurtech's CEO and co-founder Sten Saar told Post.
Esure CEO says PCWs remain key to ambition to be UK's pre-eminent digital insurer
Price comparison websites remain integral to Esure’s plans to be the UK’s “pre-eminent digital insurer” despite fears their market share could shrink after regulatory intervention, CEO David McMillan told Post.
Nigel Walsh heads to Google to lead its North American insurance business
Nigel Walsh, former Deloitte Digital partner based in London, has been named managing director of insurance at Google.