News
Climate activists paint the city ‘blood red’
Protestors from Money Rebellion, the sister group of Extinction Rebellion, have targeted the offices of UK-based insurance companies in London, Reading, Leeds, Leicester and Colchester.
Aviva CEO Blanc tells MPs about sexism in the City
Speaking at a Sexism in the City Treasury select committee hearing, Aviva CEO Amanda Blanc has said that misogyny and harassment against women in financial services is “amplified”.
Axa names Alain Zweibrucker as CEO of Axa Retail
Axa UK&I has hired Axa Switzerland’s chief financial officer, Alain Zweibrucker, as the new CEO of Axa Retail.
No immediate insurance changes expected from Automated Vehicles bill
The recently announced Automated Vehicles bill, outlining a regulatory framework for self-driving cars, is anticipated to bring minimal changes for motor insurers, according to Axa.
Motor insurance complaints hit five-year high
The latest Financial Ombudsman Service data, published today, shows a spike in motor insurance cases caused by valuation disputes, customer service issues, and delays in payouts.
Insurtech UK partners with Post for British Insurance Technology Awards
Insurance Post can reveal that Insurtech UK is an official partner of the inaugural 2024 British Insurance Technology Awards.
Admiral reveals plan to grow home and pet books after RSA deal
Following the £115m deal to buy RSA’s direct home and pet business, Admiral’s deputy CEO of UK insurance explains how the business intends to continue to grow these lines.
Questions remain as more brokers sign leasehold pledge
Seven more broking firms have signed up to the leasehold commission pledge in association with the Department for Levelling Up, Housing and Communities.
State National eyes five programmes for first year in UK
Markel programme services subsidiary State National is aiming to have “four or five” programmes up and running by the end of its first year of trading in the UK, Markel International’s Simon Wilson has said.
Ex-RSA employee jailed for stealing and selling customer data
A former RSA employee, who stole customer details and sold the information to claims management companies, has been jailed.
KPMG names Huw Evans as head of insurance
KPMG has named former Association of British Insurers director general Huw Evans as its incoming head of insurance.
Miller secures independent future as PE firm is bought out
Insurance broking firm Miller has announced that its private equity backer, Cinven, has agreed to sell its shares in the firm.
Sky Protect appoints MD as Poll moves to chair
Insurance Post can reveal Sky has appointed Paul Sweeney as managing director of Sky Protect, the firm's home insurance brand as Matt Poll, pictured, moves to a non-executive chair role.
UK motor broker launches; Ardonagh’s management reshuffle; Polaris’s £1.5m investment
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Lloyd’s delays launch of Blueprint Two’s second phase
Lloyd’s and Velonetic have delayed the launch of the second phase of Blueprint Two until April 2025 – six months after the previous go-live date of October 2024.
Aviva’s Blanc and Axa’s Foley join ABI board
Aviva’s group CEO Amanda Blanc and Axa UK&I’s CEO Tara Foley have been appointed to the board of the Association of British Insurers.
Zurich warns of US-style litigation developments in Europe
Zurich has warned that, as a result of incoming EU regulation, Europe could soon become more of a litigation environment, akin to that which exists in the US.
RSA sells direct PL business to Admiral
RSA and its parent company Intact Financial Corporation has this morning confirmed the sale of its UK personal lines operations to Admiral Group Plc for an initial cash consideration of £82.5m, as reported by Insurance Post earlier this week.
E-scooter legislation not expected until after election
Frustration grows in the industry at the lack of movement in e-scooter regulation, with predictions there will be no update until after a general election.
Unison extends LV agreement following UIA run-off
Insurance Post can reveal Unison has entered into a partnership with LV, in which the insurer will provide the trade union's members with home, travel, and pet insurance.
Ombudsman expects complaints about hollowed out insurance
The Financial Ombudsman Service is bracing for more complaints next year from consumers who didn’t realise cheaper insurance premiums often result in reduced cover.
Pool Re’s treaty reinsurance plans present SME cover opportunity
Proposals to make Pool Re a treaty reinsurer could lead to a greater proportion of UK SMEs taking out terrorism cover, senior industry figures have said.9
Whiplash exodus continues as 53% of law firms pull out of sector
Over half of law firms are ditching low-value RTA claims as a result of the whiplash reforms, with only one firm saying this area of business is profitable.
Lloyd’s D&O book expected to shrink
Directors’ and officers’ insurance is set to contract as a class of business at Lloyd’s next year, as the market keeps up its strong messaging on what it expects of underwriters.