UK
UK only soft spot in Axa’s personal lines pricing growth
Axa Group released its first half of 2024 results this morning (1 August), revealing the UK as the only European personal lines market to report a pricing decline.
Ransomware ban could increase ‘administrative burden’ on victims
Tom Draper, managing director, UK, at Coalition, has told Insurance Post the insurance industry has a role to play in guiding firms through cyber requirements of the government’s proposed ransomware payment ban.
Storm Éowyn losses creep up again to £650m
Perils has increased its industry loss estimate for Storm Éowyn for a third time from €696m (£592m) to €747m (£650m).
WTW Networks MD teases ‘transformational’ plans
John Read, managing director of WTW Networks has noticed a reduction in consolidation, and teased some “transformational” changes at the firm.
Q&A: Georgina Davis, Zurich UK
Georgina Davis, head of regional market for Midlands, South West and Wales at Zurich, speaks to Insurance Post about Club Blue’s progress, enhancing diversity in the industry, and the insurer’s partnership with Teach First.
Trump’s card for trade credit insurance
As Donald Trump’s “combative approach” to international commerce creates uncertainty around global trade, Tim Evershed examines the impact on demand for credit insurance as the threat of non-payments grows.
Aon’s head of captives reveals checklist for UK regs
Following Aon’s announcement last week that it is setting up a UK captives management company, global head of captives Ciáran Healy has outlined the broker’s plans and what it wants to see from the prospective regime.
D&G CEO shares how AI insight is growing business
Domestic & General is backing artificial intelligence data-driven innovation and US expansion to further grow, according to CEO Matthew Crummack.
Zurich rebrands tradespeople offering to include homeworkers
The scope of Zurich’s trades and professions product has been broadened to include home workers, Insurance Post can reveal.
Close pulls back from PL; Howden’s crypto cover; Axa’s CFO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
ABI reveals £104m Covid fund’s impact
The ABI has announced a partnership with the National Emergencies Trust alongside the publication of a report outlining the impact of funds donated to a range of charities by the industry during the Covid-19 pandemic.
Warning issued over improperly discarded lithium ion batteries
Lee Masson, MD of Halliwell Forensics, has called for focus on how batteries are discarded and entering the waste stream, as these pose a real fire threat.
CII acts after racist backlash to advertising campaign
The Chartered Insurance Institute has taken action against a wave of racist and inflammatory comments posted in response to one of its marketing campaigns.
Insurance Post crowned Best Publication at Biba Media Awards
Insurance Post has been named Best Publication at the 43rd British Insurance Brokers’ Association’s Journalist & Media Awards, securing the prestigious accolade for the first time since 2019.
Lloyd’s hails US repeal as win for insurance
Lloyd’s has welcomed the US decision to repeal Section 899 from the reconciliation bill, claiming the move is a boost for international insurers operating in the American market.
Gang of eight convicted after ‘largest’ nuisance call case
Eight men have been convicted of unlawfully accessing and obtaining one million people’s personal information from vehicle repair garages to generate potential leads for personal injury claims.
How Applied’s Epic exit is causing rivals to gear up to capture business
With Applied withdrawing Epic from the UK, what are the options now for its broker customers?
Carl Shuker steps down as Howden UK and Ireland CEO
Robert Kennedy has been appointed CEO of Howden UK and Ireland, replacing Carl Shuker, who is taking the role of deputy chairman.
Clearspeed raises $60m for ‘high growth’
Clearspeed has raised $60m (£44m) in series D funding, bringing the company’s total funding to $110m.
Direct Line leader exodus continues ahead of Aviva deal
Insurance Post can reveal that more members of Direct Line Group's leadership team are set to leave the business ahead of the firm’s move over to Aviva next week.
Co-op expands travel cover and calls on industry to take note
Ellis German, head of travel insurance at Co-op Insurance, has said that, following Co-op's expansion of travel coverage to customers awaiting medical diagnoses, he hopes others in the industry will think more about accessibility.
Big Interview: Michael Lee, First Central
Michael Lee, CEO of First Central sits down with Scott McGee to run through the company’s transformation over the last few years, why he won’t be rushed into growing the home and motor books, and the potential of new investment.
Zego CEO chooses New York over London for future IPO plans
Zego CEO Sten Saar has confirmed that if he were to choose a location for an IPO today, he would opt for the New York Stock Exchange over London.
Q&A: Phil Barton, Partners&
Phil Barton, CEO of Partners&, speaks to Insurance Post about the firm’s five year anniversary, it’s 2024 acquisitions, and why insurance needs more love.