UK
Liberty Specialty Markets adds Marleen Lemmens as European COO
Liberty Specialty Markets has named Marleen Lemmens as European chief operating officer joining from Aon Netherlands.
Brightside buy first in a pipeline of deals, says Markerstudy's Humphreys
There will be no job losses from Markerstudy buying Brightside with the brand and Bristol office being kept, Gary Humphreys, group underwriting director at Markerstudy, told Post.
Scott Egan confirmed as RSA UK and International CEO post takeover
Intact Financial Corporation has confirmed that Scott Egan will stay as CEO of RSA’s UK and international business after its takeover of the insurer, which is scheduled to complete next quarter.
Chubb promotes Richard Shanks to claims director for UK and Ireland
Chubb has named Richard Shanks claims director for the UK and Ireland, succeeding John Latter.
Aviva confirms £84m Covid hit as commercial lines book surpasses £2bn
Aviva has posted a combined operating ratio of 98.5% for its UK general insurance business in 2020, reporting growth across commercial lines and progress on its pledge to slash its available personal lines products by 80%.
Chaucer launches university scholarship programme
Chaucer has opened a scholarship programme to pay the university fees and living expenses of one school leaver for the duration of their degree.
JM Glendinning buys Butterworth Spengler in first deal after Synova investment
JM Glendinning has invested in a management buyout of Liverpool-based Butterworth Spengler to become the majority owner, Post can reveal.
Andrew Horton to exit Beazley for QBE group CEO role
Andrew Horton is stepping down as Beazley CEO handing over to Adrian Cox ahead of becoming group CEO of QBE Insurance, the two insurers have confirmed.
Interview: Chris Croft, London & International Insurance Brokers’ Association
After a year dominated by the Covid-19 crisis and Brexit, Liiba leader Chris Croft discusses the future of the trade association and London Market with Emmanuel Kenning, his passion for the Americas and how he got into insurance after working on rail…
Consumers put IPT almost bottom of the list for Budget tax rise targets
Exclusive research by Consumer Intelligence for Post has revealed that the UK public would support increases in almost any other tax ahead of insurance premium tax if the Chancellor opts to bring in rises to help pay for the costs of battling the Covid…
Briefing: IPT – good news in the data but reasons for concern remain
The only doubt around the bill to pay for fighting the Covid-19 pandemic is just how big it is, considers Post senior reporter Emmanuel Kenning.
CFC’s Graeme Newman on the vital role insurance is playing in the global fight against cybercrime
The insurance industry is rising to the challenge to help protect businesses from digital criminals and working well with government, law enforcement and the security community, says Graeme Newman, chief innovation officer at CFC Underwriting, as he hits…
PI Analysis: Independent financial advisers count the cost of insurance red flags
Professional indemnity premiums for independent financial advisers have soared, driven by a perfect storm of legislative and claims change
Aviva targets net zero carbon emissions by 2040
Aviva has revealed its plan to become a net zero carbon emissions company by 2040.
Marine premium growth of 50% in next 10 years an opportunity for London, says Munich Re
The $30bn premium global marine market could reasonably grow to $45bn in the next ten years according to Rob McAdams, head of marine at Munich Re Syndicate.
Brokers urge push back on soaring contributions as FSCS levy total poised to break £1bn
Brokers have called for the insurance industry to kick back against the increase in their Financial Services Compensation Scheme levy with the sector’s bill set to more than triple to £146.8m in 2021/22.
FCA adds four to exec team
The Financial Conduct Authority has recruited four people to its executive leadership team including its first chief data, information and intelligence officer.
Industry urges rapid action on reforms as Solvency II and future of regulation reviews close
Following "data not dates" means there is no need to delay regulatory reforms where there is common ground, experts told the audience at the Association of British Insurers’ annual conference yesterday alongside calls for the watchdogs to have a…
Interview: Rob Gibbs, RSA
Having worked at RSA for more than two decades, commercial managing director Rob Gibbs has certainly seen his fair share of the business, both in the UK and overseas. He speaks to Jonathan Swift about his latest challenge, navigating a newly combined…
FCA calls for even more progress from insurers as number of vulnerable customers reaches 27.7 million
The Financial Conduct Authority has revealed there was a 15% increase in the number of customers with vulnerable characteristics between March and October last year.
Vital that valid BI claims are settled quickly after test case, ABI chair Jon Dye tells insurers
The dispute over business interruption cover has undoubtedly been difficult and most people will have only seen one set of headlines about the insurance industry during the pandemic, Allianz UK CEO and Association of British Insurers chair Jon Dye told…
Aviva’s Phil Bayles on an increasing risk but a decreasing priority – a perfect cyber storm?
Businesses have been stretched and tested over the last year, and in the move to increasing their digital presence and enabling employees to work from home, they are inadvertently leaving themselves exposed to cyber criminals, says Phil Bayles, chief…
LMG starts hunt for CEO as Lebecq moves to SRG
London Market Group CEO Clare Lebecq will be stepping down at the end of April to become group chief operating officer at Miles Smith-owner Specialist Risk Group.
Allianz BI claims came from broker wordings says CEO Jon Dye as insurer reveals 2020 results
Allianz was hit by £175m of UK Covid-19 business interruption claims in 2020, net of reinsurance, the insurer has said, as LV confirmed 300 redundancies from its Legal & General integration.