UK
Axa XL adds Anish Jadav from Zurich
Axa XL has appointed Anish Jadav as chief underwriting officer for retail property and casualty in the UK and Lloyd’s market.
Up to 115 people at risk as Aviva reveals IT restructure
Aviva has confirmed that up to 115 people could be hit by changes to its IT teams as it moves to automate certain processes and increase use of outsourcing.
Briefing: Aviva's ill-timed sick pay cuts
Aviva’s plan to cut company sick pay entitlement mid-pandemic is at best a head scratcher.
Zurich promotes Hayley Robinson to group CUO
Zurich has appointed UK chief underwriting officer Hayley Robinson as group CUO.
RSA confirms takeover regulatory approval and posts best COR in a decade
The takeover by Intact and Tryg has cleared all the regulatory hurdles and should complete at the end of May, RSA confirmed as it posted a combined operating ratio of 86% for the first quarter of 2021.
FCA urged to speed up broker authorisations with approvals taking 121 days
A freedom of information request by Post to the Financial Conduct Authority has revealed the watchdog is taking an average of 129 days to make a decision on authorising firms applying for permission to trade as general insurance brokers selling non…
Direct Line and More Than launch telematics products; Easy Jet adds Covid-19 cover; Sedgwick sells UK subsidiary; and Shift becomes latest European insurtech unicorn
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
LPG slams HDI claim as 'abuse' of court process
Legal Protection Group has hit back with its defence document in the ongoing legal dispute with HDI Global Specialty, denying all the accusations as it branded the litigation unnecessary and serving no purpose other than as an attempt to strengthen HDI’s…
Carpenters adds Faye Fishlock from DAC as head of defendant insurance services
Carpenters Group has appointed Faye Fishlock to lead its legal defence services and strengthen its offering to insurers.
Direct Insurance restructures and rebrands as Aventum ahead of hitting acquisition trail
Direct Insurance Group has restructured, combining its UK and international teams into one group under the brand Aventum.
Admiral comparison site business sale to RVU completes
Admiral’s sale of Penguin Portals, which counts aggregator Confused amongst its offering, to RVU has completed after gaining regulatory approval.
Nuventure to launch personal and commercial lines MGAs within next month
Managing general agent platform Nuventure will launch two MGAs within the next month and aims to develop propositions for the UK terrorism, UK SME directors’ and officers’, and agriculture markets, CEO Andy Colbran has told Post.
Second Close Brothers management reshuffle in under a year as Paul Trail leaves
Close Brothers Premium Finance has re-organised its senior management team again following managing director Paul Trail's decision to step down.
Insurance industry at ease as CII confirms PFS deregistering and credit facility proposals
Insurance experts have adopted a relaxed stance over the Chartered Insurance Institute’s proposals to deregister the Personal Finance Society and take out a bank credit facility.
Briefing: Tracking the Ardonagh Portfolio Solutions and Beazley deal
The recently announced tie-up between Ardonagh Portfolio Solutions and Beazley is most immediately of interest to those with a London Market leaning. However, there are potential future implications for the UK retail market.
FCA contacts 2800 firms about missing SMCR directory data
Experts have warned of the potential for fines and regulatory permissions being removed as the Financial Conduct Authority contacted 2800 firms about their directory persons information after the deadline for submissions passed on 31 March.
Shepherd Compello promotes Steve Hart to chief broking officer
Shepherd Compello has named Steve Hart as chief broking officer, moving up from divisional director for the company’s US-focused property business.
Interview: Sean McGovern, Axa XL
Ahead of the British Insurance Brokers’ Association’s online conference next month, Axa XL CEO for the UK and Lloyd’s market Sean McGovern, told Post about his plans for growing the business with brokers, the challenges of becoming boss during the…
Analysis: People agenda pushes advice and employee benefits up the list for brokers
Brokers have been urged to expand their offerings with wellbeing and employee benefit propositions as demands from clients shift due to the Covid-19 crisis.
Ex-Purple boss Les Brewin joins Cobra Network
Former managing director of Purple Partnership Les Brewin has joined PIB-owned Cobra Network as a director.
Gallagher’s Simon Collings on market conditions and if - just if - we are seeing positive signs
Times have been tough recently but as new entrants enter certain parts of the market Simon Collings, managing director of national broking and placement at Gallagher, asks if this could be the start of more positive signs across the insurance market?
Swiftcover founder and ex-Axa CIO Potashnick joins Albany Group
Former Swiftcover co-founder Matt Potashnick has joined the board of London-based automated risk, compliance and regulation software specialists Albany Group.
ERS continues commercial push with two hires
ERS has appointed Ciaran Waters as senior underwriter for US catastrophe and Federico Waisman as head of underwriting management.
Axa adds ex-Quote Me Happy and MIB leaders to retail team
Axa has appointed Marco Distefano as managing director for motor and home and Anna Fleming as chief operating officer in its UK retail insurance unit.