News
Aviva reveals adoption rates of repair portal
Aviva has revealed that four out of five customers choose to manage their repair claims themselves.
British Steel pursues disputed claim and damages against Zurich and others
Mactavish has called for the CEOs of Zurich and Liberty to personally oversee a £30m disputed claim that it says, if paid, could save the company.
Analysis: Collapse of Lamp highlights lessons still to be learned
Gibraltarian insurer Lamp is the fifth unrated carrier to fall over in the past three years. The insolvency once again demonstrates the risks brokers take when they use unrated insurers, industry figures have warned.
Sharing economy insurtech appoints two to management team
Pikl, sharing economy insurtech, has appointed John Bailey and Alison Astell for two newly created senior positions in the company.
Insurance companies urged to develop more dementia-friendly policies
Insurance policies come with technical jargon and are "inaccessible" to dementia sufferers, says the Alzheimer’s Society Charity.
Medco issues warning over government consultation
Changes to Medco proposed in a government consultation could offer too much choice to claimants, the body has warned, potentially creating confusion.
Gibraltar legal expenses insurer declares insolvency
Gibraltar-based unrated insurer Lamp has submitted an application to place the business into liquidation.
Diversity & Inclusion success in Insurance to be celebrated at inaugural Post awards
The Diversity & Inclusion in Insurance Awards will be held in November
Former Ageas claims director Rob Smale joins salvage company
Rob Smale, former claims director at Ageas, has joined the board of motor salvage firm E2E as a non-executive director.
Aston Lark deal gives broker firepower for larger acquisitions
The acquisition of Aston Lark by Goldman Sachs could enable the broker to seek out larger acquisition targets, the company's CEO Peter Blanc said.
Stackhouse Poland MGAs to be absorbed by Pen Underwriting
Two managing general agent businesses acquired by Gallagher as part of its recent purchase of Stackhouse Poland will eventually become part of Pen.
Insurance companies among FSCS list of defaulted firms
The Financial Services Compensation Scheme has released a list of 21 failed regulated firms that defaulted between February and April this year.
This week in Post: Conference, cuts and conservative leadership
This week, along with the rest of the team, I attended the British Insurance Brokers’ Association conference. I knew it would be an action-packed week - but nothing could prepare me for what was ahead.
RSA's hard line on underwriting ‘likely to yield better result’
RSA will likely return to better than expected result this year after making £260m of cuts to business lines, analysts say.
Reg UK completes £2.4m funding round
Due diligence and risk management insurtech Reg UK has completed a £2.4m funding round, which it will use to continue to expands its global sales and business development operations.
David McMillan appointed Esure CEO
Esure has hired QBE’s David McMillan as its CEO with a mandate to fulfil “very ambitious” digital plans for the business, by new owner Bain Capital.
Victor International appoints Anthony Stevens as president
Victor Insurance Holdings has appointed Anthony Stevens as president of Victor International, effective immediately. He succeeds Paul Drake, who previously announced his plans to retire from the firm in September.
Biba Daily: Day Two – Thursday 16 May
To tie-in with the 2019 British Insurance Brokers’ Association Conference in Manchester Insurance Age and Insurance Post have joined forces to publish a daily newsletter for the event
Jonathan Evans to replace Lord Hunt as Biba chair
Former Conservative politician Jonathan Evans will replace Lord Hunt of Wirral as the chair of the British Insurance Brokers’ Association.
Biba CEO Steve White highlights skills and AI as he opens annual conference
Steve White, CEO of the British Insurance Brokers’ Association, used his conference address on Wednesday morning to highlight the need for brokers to attract young talent as the industry becomes more technologically sophisticated.
Aspen MGA in run off with 111 jobs at risk
Aspen has cut loose its UK SME managing general agent, with 111 jobs on the line as a result.
Biba Daily: Day One – Wednesday 15 May
To tie-in with the 2019 British Insurance Brokers’ Association Conference in Manchester Insurance Age and Insurance Post have joined forces to publish a daily newsletter for the event
LMA names TMK's Culham, Beazley's Cox and Axa XL's Greensmith as board members
The Lloyd’s Market Association has announced three new board members following a recent board election.
London Market Group calls for action to address skills shortage
The London Market Group has called for urgent action to take charge of how market organisations acquire the skills they need to face the future.