News
Best Insurance Employers to work for in 2024 revealed
First Central and Konsileo are the greatest large and small to medium-sized insurance employers in the UK respectively to work for, according to Insurance Post’s Best Insurance Employers survey.
Lloyd’s joins forces with eight insurers in diverse talent push
Lloyd’s, along with Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and Tokio Marine Kiln, has unveiled plans to provide higher education bursaries to black and ethnically diverse talent, in a bid to make the insurance industry inclusive.
Hiscox share price surges amid sale speculation
Hiscox’s share price surged by more than 14% on Monday (8 July) following a report of a possible sale of the insurer.
Nine out of 10 brokers currently recruiting
Aviva’s Broker Barometer shows that 94% of brokers are actively recruiting, a significant increase on last year when 71% of brokers had a vacancy open.
Gallagher chair Langley to become third female Lord Mayor
Gallagher UK chair Susan Langley is set to become the City of London’s third female Lord Mayor next year.
Zurich and Aon develop ‘Lego-like’ hydrogen insurance cover
Zurich and Aon took a “Lego-like” approach to developing its clean hydrogen insurance facility due to the challenges of developing blue and green hydrogen projects.
What Labour’s landslide victory means for insurance
Sir Keir Starmer, the nation’s new prime minister after Labour’s landslide general election victory, as well as key insurance industry figures, have the same message: “change begins now”.
Freedom’s car integration; Tradex joins IFB; DWF’s chair
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
British Insurance Awards 2024 winners revealed
Aviva was among the big winners with four outright prizes at last night’s (3 July) British Insurance Awards, on an evening where former British Insurance Brokers’ Association CEO Steve White was recognised with The Achievement Award.
Loss adjusters pay tribute to Mike Odell
The insurance industry has paid its respects to “true gentleman” and “advocate for the loss adjusting profession” Mike Odell, who passed away on Saturday (29 June).
Industry figures hail ‘inspiration’ and ‘genius’ BIA Achievement Award winner Steve White
A host of insurance figures have acclaimed the Achievement Award winner at the British Insurance Awards, former British Insurance Brokers’ Association CEO Steve White.
Climate change activists target British Insurance Awards
Extinction Rebellion targeted the Insurance Post British Insurance Awards 2024 tonight (3 July) as part of its latest month of activity.
Skydiving fraudster’s £6.6m claim comes crashing down to earth
Keoghs and Hastings Direct have won the UK’s largest ever fundamental dishonesty case, saving the insurance provider £6.6m.
Munich Re puts HNW MGA into run-off
GrovesJohnWestrup, the high-net-worth arm of Munich Re, has been put into run-off as of Monday (1 July), Insurance Post can reveal.
One-in-10 specialty insurers expect to scale AI use in 2025
Oxbow Partners has predicted that 2024 will be a year of divergence for the use of generative artificial intelligence in the specialty insurance and reinsurance markets.
Best Insurance to expand into general insurance
Six months from launching artificial intelligence-driven underwriting for accident, sickness, and unemployment cover, Kesh Thukaram, co-founder of Best Insurance, shares how he next intends to shake up the pet and gadget markets.
Davies refinances £1.5bn debt facility to buy more businesses
Davies has agreed a £1.5bn refinance of its debt facility, slashing its interest bill, extending debt maturities, and securing extra credit to buy more businesses and develop artificial intelligence solutions.
Crawford’s first female leader Bartlett resigns
Lisa Bartlett, chief operating officer for international at Crawford, and the first female leader of a UK-based loss adjusting company, has resigned.
LexisNexis working on Jaguar Land Rover security solution
LexisNexis Risk Solutions is working on a way for Jaguar Land Rover to get its vehicle security data to insurers to address pricing issues, Insurance Post can reveal.
Defaqto unveils plan to prepare insurers for data revolution
Defaqto CEO John Milliken has revealed plans to shift his organisation’s offering from giving general insurers an overview of where their products sit compared with their competitor’s offerings to equipping them with data to shape their strategy.
Tui ditches Axa for Allianz on travel insurance
Allianz Partners has been appointed travel insurance provider for Tui’s UK business, with the holiday provider ending its partnership with Axa Partners in April.
Sompo opens Manchester office as it continues UK expansion
Sompo has opened an office in Manchester, as it continues its efforts to grow its UK regional portfolio.
Sedgwick’s Crystal says insurers should embrace neurodiversity
Nathalie Crystal, senior public relations manager for Sedgwick in the UK, has urged the industry to ditch traditional hiring methods, in order to bring in more neurodivergent talent.
Insurers should stop looking at AI as a cost-saver
Eddie Longworth, the founder of JEL Consulting who launched the Artificial Intelligence Code of Conduct earlier this year, says the insurance industry hasn’t realised the “conundrum” about using AI and the need for talent to operate it.