UK
Admiral Group to sell another US entity
Admiral Group has agreed to sell its US motor insurance business to JC Flowers & Co for an undisclosed cash consideration.
SFO accuses Lloyd's broker of bribery
The Serious Fraud Office has accused a UK-based Lloyd’s broker for failing to prevent associates from bribing state officials in Ecuador.
Marshmallow valued at $2bn after $90m raise
Marshmallow has raised $90m (£68.1m) of funding, putting the firm at a valuation of over $2bn (£1.5bn).
Big Interview: Alain Zweibrucker, Axa Retail
Alain Zweibrucker, CEO of Axa Retail, talks to Tom Luckham about the firm's Lloyd's Bank partnership, transforming the business, and its push for digitalisation.
Diary of an Insurer: Rokstone’s Jimmy Heaton
Jimmy Heaton, head of international directors and officers and financial institutions at MGA Rokstone, highlights the importance of sustainable underwriting, professional development, and maintaining a constant dialogue with partners, while pursuing his…
Saga losses deepen as board members depart
Saga has reported a loss before tax of £160.2m for year ending 31 January 2025, increasing its losses by almost a third compared to the year before.
Aviva detects £127m worth of fraudulent claims in 2024
Aviva reported a 14% increase in the number of claims it declined in 2024 due to fraud, uncovering more than 12,700 fake claims worth a total of £127m.
Aviva and Axa hit back at claims made by Which?
Aviva and Axa have refuted claims by Which? that their “potentially unfair definitions of storms and floods” are being used to reject claims made by customers who have had their property damaged.
Yutree plans tech investment following management buyout
Insurance broker and underwriting agency Yutree Insurance has completed a management buyout, stating that it wants to “deliberately” buck the trend of selling to consolidators.
Ardonagh Advisory buys firm; NBS x Hiscox; Tokio Marine’s head of compliance
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Little less conversation and a lot more insurtech action please
Editor’s View: The Labour government’s insurtech ambition would be laughable if it wasn’t so delusional, argues Emma Ann Hughes.
FCA premium finance crackdown saves consumers £100m
Since the the Financial Conduct Authority’s head of insurance Matt Brewis labelled premium finance a “poor product”, car and home insurance customers have saved more than £100m in the last year after insurers reduced how much they charge policyholders…
Q&A: Ursula Jallow, Insurance Fraud Bureau
Ursula Jallow, managing director of the Insurance Fraud Bureau, sits down with Insurance Post to talk through the three year strategy of the organisation, including moves into new lines of insurance, streamlining its tech capabilities and how fraud risks…
ManyPets expects to post profit after £33m loss
ManyPets expects to post a profit for the last few months after making a £33m loss in the year to 31 March 2024.
Zego posts two profitable quarters
Zego has achieved two consecutive quarters of profitability after posting a £34.5m loss in 2023, Insurance Post can reveal.
Big Interview: Jimmy Williams, Urban Jungle
Urban Jungle CEO and co-founder Jimmy Williams talks Insurance Post through the insurtech’s growth plans, ability to fundraise in a challenging environment and venture capital-enabled technology advances.
Aviva aims to double regional PL broker GWP
Jonathan Santer, managing director of broker and affinity at Aviva, has said he wants to double the firm’s regional gross written premium in personal lines over the next 18 months.
Phil Bayles replacing Bennett as MD of Bravo Networks
Phil Bayles has been appointed managing director of Bravo Networks on an interim basis, alongside his role as chief commercial officer at Ardonagh Advisory.
FCA unveils new strategy to ‘support growth’
The Financial Conduct Authority has launched a new five-year strategy that the regulator’s chiefs claimed will “deepen trust, rebalance risk, support growth and improve lives”.
Big Interview: Paul Lofkin, Crawford
Paul Lofkin, president of Crawford for UK & Ireland, is going to sort out the nation’s subsidence and promises to “disrupt that market like never before”.
London motor premiums fall by a fifth
The latest data released by WTW and Confused has revealed significant reductions in the average comprehensive motor premium, with London benefitting the most.
Is the OIC portal a success after one million claims?
With one million claims submitted over four years at a cost of £47m to the insurance industry, Scott McGee asks: Has the Official Injury Claim portal been a success?
Ripe to launch pet insurance product in 2025
Ripe plans to launch a pet insurance product later this year, according to CEO Alan Thomas.
Howden preparing for US flotation with $10bn takeover
Reports have suggested Howden is closing in on a US-based flotation with a $10bn (£7.7bn) takeover of Risk Strategies.