News
Webinar: Removing the shackles of heritage technology to become fit-for-purpose
The burden of legacy or heritage technologies is not a new issue for the insurance industry.
Aviva transfers 1.39m policies to post-Brexit Irish business
Exclusive: Aviva has successfully transferred 1.39 million policies to its Irish post-Brexit hub at the start of the month, after receiving a regulatory green light.
Canopius looks to acquire Amtrust Lloyd’s business
Canopius is looking to acquire Amtrust’s Lloyd’s syndicates, making it one of the top five managing agents in the market.
This week in Post: Couples and coupes
With Valentine’s Day yesterday, the Post team started the week by bracing ourselves for an inevitable slew of romance-related press releases. We weren’t disappointed.
AI insurance fraud initiatives get £13m government backing
The government will put part of a £13m fund towards using artificial intelligence to fight insurance fraud.
Allianz sets date for completion of LV business transfer
Allianz and LV will complete the transfer of personal and commercial lines between the two insurers by the end of the year.
‘Desperate people do desperate things’: Allianz issues fraud warning over Brexit
Allianz has warned over a potential rise in fraud this year should there be an economic downturn following a no-deal Brexit.
UK insurtech attracts $1bn of investment in 2018
UK insurtechs saw over $1bn (£780m) of funding in 2018, up from $792m the previous year.
BGC president reveals high hopes and further acquisitive growth for Ed
BGC’s broking arm, which currently comprises of Ed Broking and Besso, will seek acquisitive growth in 2019.
Bruce Carnegie-Brown to leave Money Supermarket
Bruce Carnegie-Brown is set to stand down as a chairman of Money Supermarket after nine years.
Gareth Howell steps down as managing director of Axa retail
Gareth Howell will step down from his role on the Axa UK leadership team at the end of the month.
Post launches new Reputation event focused on creating an ethical and inclusive insurance market
Those that work in insurance have long known it has reputation issues.
Chip shop worker jailed for £248,000 fraud
A chip shop worker was given a 16 month prison sentence and ordered to repay £2500 after he made a fraudulent claim.
Court ruling swerves ‘new category of professional negligence claims’
Lawyers have welcomed a ruling by the Supreme Court in favour of a law firm, after a claimant argued he had lost out on his chance for more compensation due to his solicitor’s negligence.
Applied drafts machine learning plans with Google
Exclusive: Applied is working with Google to introduce machine learning technology into its business.
Inshur picks up $7m investment in Munich Re-led funding round
Inshur is eyeing further expansion, having raised $7m (£5.4m) in its Series A funding round, in addition to gaining a $2m credit facility.
Scor's Kessler takes aim at Covéa CEO Derez over 'repeated misconduct'
Scor CEO Denis Kessler has slammed Covéa SGAM CEO Thierry Derez alleging that he is guilty of “repeated misconduct” and claiming he has the emails to prove it.
Pool Re extends business terror loss cover
Insurers under the government-backed Pool Re scheme will cover business interruption losses in cases of a terror attack.
Sedgwick looks to further acquisitions following integration of Cunningham Lindsey
Exclusive: Sedgwick has completed its integration of Cunningham Lindsey and is looking at further acquisitions for the coming year.
Insurers face Part VII transfer delays as Brexit looms
Exclusive: The government is mulling an extension to the deadline for insurers to get legal permission to move books of business from the UK to Europe.
711 jobs at risk as Axa XL embarks on next phase of integration
Axa XL has outlined a new target operating model and organisational structure that could see it cut 711 positions for its European workforce.
Analysis: Laspo gets a clean bill of health
Exclusive: The government has carried out a review of the second part of the Laspo reforms it introduced six years ago.
IUA weighs in on consultation over driverless cars
The International Underwriting Association has called for laws on driverless cars that would require drivers to keep their eyes on the road at all times.
AA sees strong motor growth as home ticks back on track
The AA’s insurance arm saw its motor and home books grow in 2018, according to a pre-close trading update.