News
Ageas catches out fraudster who lied about burglary
A fraudster has been convicted after he made a claim to Ageas for goods he said were stolen that had instead been sold on an auction site.
Pet insurance premiums decrease amid regulator interest
Pet owners saw their insurance premiums decrease by 2.5% in March but still remain greater than a year ago, according to data released by Pearson Ham.
Motor insurance payouts hit record high in 2023
The Association of British Insurers’ latest Motor Insurance Claims Tracker has revealed that motor insurers paid out a record £9.9bn in motor claims in 2023.
Businesses unprepared for incoming anti-terrorism law
Over three quarters of businesses aren’t confident that they will be able to comply with new anti-terrorism requirements, according to research by Gallagher.
Zurich says there is nothing to lose from embracing flexible working
Steve Collinson, chief people officer at Zurich UK, said he “understands the reticence and the caution” of embracing more flexible working, but he insists the reality is “very different”.
Aviva’s telematics app; Ardonagh buys Westfield; Swiss Re appoints group CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
FOS expects uptick in complaints in 2024/25
The Financial Ombudsman Service has today announced it expects to see 47,400 insurance complaints, of which 18,700 will be about motor insurance, for the period between 1 April 2024 and 31 March 2025.
Rokstone’s D&O head says there is less ‘moronic’ underwriting
Directors’ and officers’ insurance rates are set to flatten in the next 12 months, according to Jimmy Heaton, head of D&O for UK & Europe at Rokstone, who added there is now less moronic underwriting going on in the market than there was at the end of…
Restoring direct business a ‘matter of priorities’, says Esure
Peter Bole, chief financial officer at Esure, told Insurance Post that restoring the insurer’s ability to sell directly to customers is a “matter of priorities”.
Crawford’s Benedict Burke announces retirement
Benedict Burke, chief client officer at Crawford & Company, has announced he will retire at the end of June.
D&G aims to create Uber-like claims experience
Domestic & General CEO Matthew Crummack has shared how he hopes to use the US insurtech the provider bought at the start of the year to create an “Uber-like” claims experience.
Admiral completes RSA home and pet deal
Admiral has announced the successful closure of the acquisition that brings in RSA’s home and pet books in a deal worth an initial £82.5m.
Esure completes digital transformation amid £89m loss
Esure Group has posted a loss before tax of £88.6m for 2023, as it confirms the completion of its digital transformation in February 2024.
Tributes paid to fraud expert James Pinder following his passing
The insurance industry has paid its respect to former DWF partner James Pinder, a man described as “a true fraud fighter from before fraud fighters were a thing”.
Cila boss’s son gets approval for ‘challenger broker’
Chris Bissell, son of Chartered Institute of Loss Adjusters’ executive director John Bissell, has received Financial Conduct Authority approval for his broker firm Bissell & Partners.
RSA’s UK specialty book expected to surpass £1bn by 2030
RSA’s managing director for UK specialty lines, Steve Watson, expects the size of the business he heads to double by the end of the decade primarily through building out new capabilities.
Lloyd’s confirms Blueprint Two delay alongside 2023 results
The first phase of Lloyd’s of London’s digitalisation programme Blueprint Two will now be rolled out in October, CEO John Neal has confirmed, as the market revealed profits before tax of £10.7bn for 2023.
Lloyd’s lands another big name entrant in Fidelis
The Fidelis Partnership has been granted in principle approval by Lloyd’s to launch a syndicate, in collaboration with Fidelis Insurance Group and Hampden Agencies – the largest provider of private capital to Lloyd’s.
Fenchurch Law shifts to employee ownership
Fenchurch Law, an insurance law firm, has announced that 60% of its shares will now be owned by employees via a newly formed trust.
iCan founder launches broker; Chaucer enters weather market; RSA's property director
Thursday Round-Up: As tomorrow is Good Friday, Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week, a day early.
JCG uplift of 22% could mean small track claims limit is increased
The incoming uplift for personal injury claims recommended in the Judicial College Guidelines might need to see an upheaval in limits applied to the Official Injury Claims portal.
LexisNexis and Thatcham address concerns over motor data partnership
After complaints about price increases and the abrupt “cancelling of contracts”, bosses at Thatcham and LexisNexis have said their recently announced partnership is updating the “archaic” way in which the data is distributed.
FCA still unhappy with motor insurance valuations
Despite previous enforcement action, the Financial Conduct Authority has felt in necessary to issue motor insurers another warning against undervaluing written-off or stolen vehicles
British Insurance Awards 2024 shortlist revealed
The shortlist of the 30th British Insurance Awards, which will take place at the Royal Albert Hall on 3 July, is announced today.