News
Lemonade CEO sees AI replacing engineers and actuaries soon
Lemonade CEO Daniel Schrieber has shared that artificial intelligence might be used to replace employees in engineering, actuarial, legal and compliance functions at the insurtech in the next few years.
Instanda teases ‘moonshot’ AI commercial lines product
Tim Hardcastle, CEO and co-founder of Instanda, has revealed plans for a “moonshot” complex commercial lines product later this year.
Sabre CEO calls for radical pricing changes
Geoff Carter, CEO of Sabre, has said two areas of business in which it operates are under-priced, and expects the market to increase prices soon.
Jensten Group launches broker network
Jensten Group has launched a new network headed up by director Jordan Maskell and designed to help brokers grow their businesses.
Sabre doubles profit with improved COR
Sabre has doubled its pre-tax profit for 2024 compared with the year before, despite only increasing gross written premium by 5%.
Bspoke Group to acquire Arma Karma
MGA Bspoke Group has purchased Colchester-based contents insurance insurtech Arma Karma.
Which? uncovers continued levels of ‘extortionate’ premium finance
Some car and home insurers are still charging high interest rates to pay monthly, research from Which? has found.
Palestine Action defies legal warning with another Allianz hit
Palestine Action targeted Allianz Trade’s office in Manchester this morning (17 March) in its most recent action against the insurer over its links to weapons manufacturer Elbit Systems.
Labour demands regulators cut red tape
Chancellor Rachel Reeves met with “top regulator bosses” in Downing Street today (17 March) to demand they cut the administrative cost of regulation on business by a quarter.
Markel merges three businesses and names Wilson as CEO
Markel Group has today (17 March) announced that the company's three primary underwriting businesses - Markel Specialty, Markel International, and Markel Global Reinsurance - will now collectively be referred to as Markel Insurance.
Ripe to launch pet insurance product in 2025
Ripe plans to launch a pet insurance product later this year, according to CEO Alan Thomas.
Howden preparing for US flotation with $10bn takeover
Reports have suggested Howden is closing in on a US-based flotation with a $10bn (£7.7bn) takeover of Risk Strategies.
ABI adviser calls current climate ‘difficult time’ for DEI work
Association of British Insurers senior policy adviser for diversity, equity and inclusion Liisa Antola has said it is a “difficult time” to work in DEI.
Zurich detects more than £94m in fraudulent claims
Fraud data from Zurich has revealed that its fraud prevention team uncovered almost £260,000 worth of fraudulent claims every day in 2024.
Cytora joins Google Cloud; PIB buys MGA; SRG’s head of corporate
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Probitas reports ‘best-ever result’ after Aviva acquisition
Aviva’s Lloyd’s vehicle Probitas has reported its “best-ever result” for 2024, posting pre-tax profit of £62m.
Worst fears of a North Sea spill averted
The worst case scenario in terms of an environmental liability loss following the collision of two ships in the North Sea looks to have been averted.
Natural resources firms struggle with ‘excessive’ insurance exclusions
According to the Willis Global Clean Energy Survey 2025, more than half (53%) of natural resources companies cited “blanket or excessive” exclusions as the greatest obstacle to transferring clean energy risk to the insurance market.
IFB members to vote on expanding membership criteria
Members of the Insurance Fraud Bureau are to vote in early April on whether to expand its criteria for membership, Insurance Post can reveal.
Ageas CEO reveals plan to become top three personal lines player
Ant Middle, CEO of Ageas UK, has revealed how he intends to turn the provider into a top three personal lines player and shared whether he will buy another rival to achieve that goal.
Clyde & Co calls on insurers to reinforce cyber security guidance
Ian Birdsey, cyber specialist partner at Clyde & Co has called for insurers to echo legal cybersecurity recommendations to clients.
Cleaner caught in dirty £100K claim
Allianz UK and DWF Law resolved a more than £100,000 personal injury claim after the claimant was found to be fundamentally dishonest in her allegations.
FCA scraps name and shame proposals
The Financial Conduct Authority has scrapped plans to name and shame firms it is investigating and revealed it has “no plans” to progress its diversity and inclusion proposals.
Government to review Civil Liability Act as cost of OIC portal is revealed
Almost seven years after the Civil Liability Act received Royal Assent, Insurance Post understands the government is scheduling to do a full review of the 2018 legislation.