News
FCA and PRA greenlight Aviva’s Direct Line takeover
The Financial Conduct Authority and the Prudential Regulation Authority have both given the go ahead for Aviva’s £3.7bn acquisition of Direct Line Group.
Two thirds of insurers optimistic over UK economy
Two thirds (67%) of insurers are optimistic about the state of the UK economy over the next five years, a survey by Lloyds Bank has revealed.
Matthew Doughty appointed DWF CEO as Knowles retires
Matthew Doughty, CEO of DWF’s Insurance Services division has been appointed CEO-elect by the board of directors.
Marsh launches €1bn data centre construction facility
Marsh has launched Nimbus, an insurance facility which covers the construction of large-scale data centres across the UK and Europe.
Air India crash claim could reach around £150m
The fatal crash of Air India flight AI171 on Thursday (12 June) is expected to cost the insurance industry more than $200m (£147.2m), more than the direct written premium for aviation in India, according to analysts GlobalData.
Retail attacks lay bare everyday cyber security challenges
While headlines about recent cyber attacks suffered by UK retailers, such as M&S, may renew interest in cyber insurance, the attacks are not a departure from the threat landscape companies already faced, market experts have told Post.
David Howden awarded CBE in King’s Birthday Honours list
Howden founder and CEO, David Howden, has been honoured in King Charles’ Birthday Honours list.
Court deems credit hire companies liable for costs
In what has been labelled a “landmark victory for insurers,” the Court of Appeal has given definitive guidance that credit hire organisations are responsible for the costs of unsuccessful litigation.
Allianz makes £200k saving after butchered claim
Allianz has saved £200,000 after a complex injury claim was dropped due to the discovery of contradictory surveillance footage and social media evidence.
Weightman’s AI tool; Markel’s insurtech product; NFL player promoted
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
London shouldn’t be allowed to dominate UK captives sector
Industry leaders have warned that efforts to launch a UK captives sector would need to be a nationwide initiative, and not just focus on London in order to fully realise the opportunity at hand.
Aon using AI to identify insurer breaking points
Aon UK CEO Jane Kielty has revealed the broker is using artificial intelligence to identify points in the negotiation process where it may be able to extract more favourable terms from insurers.
Pet premiums dip after months of increases
There was a slight dip in premiums for lifetime pet insurance policies in May this year, according to data from Pearson Ham Group.
Former Lockton CEO Nimmo exits retirement to join SRG
Specialist Risk Group has hired former Lockton CEO Neil Nimmo as CEO for the UK.
Marsh McLennan CEO named Insurance United Against Dementia chair
Chris Lay, CEO of Marsh McLennan UK, is the new chair of Insurance United Against Dementia.
Reeves flood defence budget hike fails to ease insurance concerns
Chancellor Rachel Reeves Spending Review increased the amount of cash set aside for flood defence pledge, drawing praise from the insurance industry but also warnings over the lack of clarity on how UK property will be made more resilient.
ManyPets overhauls product range
ManyPets has unveiled an entirely new range of insurance, which the provider says is its “biggest change to insurance plans since it launched pet insurance in 2017”.
Dive In 2025 pushes belonging to the top of insurance’s agenda
Lloyd’s festival for talent and culture, Dive In, returns from 16 to 18 September 2025, rallying the industry around the theme: “Belonging builds tomorrow”.
Applied Systems significantly scales back UK operations
Applied Systems has confirmed the move to pull back its UK operations, by removing its Epic product from the market.
Treasury set to greenlight new UK captives regime
HM Treasury is expected to push ahead with plans to reform regulations in order to encourage the growth of a UK captives sector.
Extinction Rebellion demands RFU drop Allianz sponsorship
Extinction Rebellion has called on the Rugby Football Union to drop Allianz’s sponsorship of Twickenham Stadium due to its provision of insurance for fossil fuels.
Brown & Brown swoops for Risk Strategies parent firm
US-based broking firm Brown & Brown has agreed a deal to acquire Accession Risk Management Group, the parent company of Risk Strategies.
FCA promotes Pritchard to deputy CEO role
Sarah Pritchard has been appointed deputy chief executive of the Financial Conduct Authority.
Markerstudy sets up premium finance division
Markerstudy has created a new specialist division, focusing on all premium finance activities across the group.