News
Allianz launches recycled parts digital platform; Howden acquires Medical Professional Risk Solutions; and Zurich UK doubles apprenticeship places
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Ardonagh recouped £22.75m from Bennetts sale
Ardonagh's first quarter results have revealed it was paid £22.75m for Bennetts, structured through a £1 sale price and the settlement of Bennetts' debt owed to the group.
Post LIVE Tech: Future proofing systems
Change is business as normal and insurance companies should be designing IT systems with flexibility rather than built to last technology, experts said at Post’s LIVE Technology conference.
Post LIVE Tech: More work for brokers to do on digital advice for SMEs
Speaking at Post’s LIVE Technology conference, Aston Lark CEO Peter Blanc flagged that more work needs to be done on providing SMEs with advice in a digital environment.
Huw Evans to step down as ABI director general
Association of British Insurers director general Huw Evans will step down from the trade association at the end of this year to join KPMG.
Ardonagh Global Partners recruits Morna Leather as CFO
Ardonagh Global Partners, the recently launched investment unit of Ardonagh, has appointed ex-RFIB leader Morna Leather as chief financial officer.
Crawford names Michelle Jarrard as chair
Crawford has made Michelle Jarrard non-executive chair of the board, replacing Charles Ogburn who remains on the board and will chair the compensation committee.
Analysis: The insurance domino that toppled Greensill
The founder of Greensill Capital pinned the blame for the finance firm's collapse on its insurers when addressing politicians last week.
Scor changes succession plan with Laurent Rousseau named to replace Denis Kessler as CEO
Laurent Rousseau, deputy CEO of Scor Global P&C, will replace Denis Kessler as Scor CEO instead of Benoît Ribadeau-Dumas with the move happening a year earlier than originally planned.
Watch Insurance Post's LIVE Technology conference today
The Insurance Post LIVE Technology Conference brings you the latest innovation occurring in the UK insurance sector. Our unmissable two-day agenda features technology and digital experts from across the sector to offer their guidance and knowledge to…
Reich targeting £120m GWP within five years
Reich is on track to hit its £100m of gross written premium target for 2022 and will push on to £120m over the next five years, CEO Simon Taylor told Post.
Cytora adds former Aspen boss Karen Green to advisory board
Commercial lines focused insurtech Cytora has appointed ex-Aspen UK CEO Karen Green to its advisory board.
Lemonade refutes activist short seller’s ‘security flaw’ allegations
Lemonade has denied that its website has a vulnerability that could enable people to enter and edit its users’ accounts without providing credentials, as alleged by an activist short seller.
Biba 2021: Training that could 'mould' people is counter-productive to D&I efforts
Insurers must hone in on specific areas of the business such as training to address diversity and inclusion deficiencies within the sector, a panel at the British Insurance Brokers' Association has said.
Climate stress tests not a 'capital generation exercise': BoE's Claus
The Bank of England’s forthcoming climate stress tests of the UK financial services sector have been designed to provide a view of “the size of the adjustment that is needed”, regulators told an industry summit on Thursday.
First insurance ESG Framework unveiled; Ardonagh acquires Usay Gp; James Hallam adds trio of buys; and Right Choice completes Bennetts deal
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Neil Manser named DLG CFO as Tim Harris retires
Direct Line Group has appointed Neil Manser as chief financial officer replacing Tim Harris.
Insurtech sector faces diversity crisis unless action is taken
Women are seriously under-represented within the insurtech sector and more needs to be done to ensure female founders can launch through fair access to funding and that firms do more to boost recruitment, including making senior appointments.
Biba 2021: FCA’s Matt Brewis says BI claims payments could have been made quicker post-judgment
While acknowledging the complexity around Covid-19 business interruption claims, an FCA representative has said he believes payments could have been made quicker following the January test case judgment.
Broker and insurer FSCS levies still up despite forecasts being slashed
The Financial Services Compensation Scheme has issued final levies for 2021/22 of £73.8m for brokers and £189.8m for insurers, down significantly on initial estimates but still up on this year’s bills.
Biba 2021: 'Unified action' needed to fix PI insurance problem
With professional indemnity insurance prices soaring, and insurers increasingly withdrawing cover, panellists at the British Insurance Brokers' Association conference called for insurers and brokers to collaborate to bring back value for customers.
Biba 2021: Key takeaways from John Glen's appearance
John Glen MP, Economic Secretary to the Treasury, tackled insurance premium tax, broker Financial Services Compensation Scheme levies, cladding, Brexit and more in his keynote address to the British Insurance Brokers’ Association’s 2021 conference…
Biba 2021: Biba extends conference for extra day
The British Insurance Brokers' Association will open its annual conference for an extra day, following difficulties accessing the virtual conference platform yesterday.
Biba 2021: 'Knee jerk' silent cyber reaction led to unintended consequences
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.