United Kingdom (UK)
Legal wrangling prompted further breakdown of CII and PFS relations
Don MacIntyre, interim CEO of Personal Finance Society, has revealed a breakdown in mediation talks between the professional body for financial advisers and the Chartered Insurance Institute led to the latter seizing control of the PFS board.
How inflation wiped out the benefits of the dual pricing ban
Data analysis: Dual pricing reforms successfully tackled price walking in motor and home policy renewals last year but Harry Whitworth reveals how double digit inflation threatens to nullify this benefit for customers in the next 12 months.
‘Clarity’ for PI as Court of Appeal hands down judgment on mixed injuries
The Court of Appeal has handed down judgment in two mixed injury cases leapfrogged in November, providing some clarity on how mixed injuries should be handled. However, some are concerned it could lead to further litigation and an adverse impact on…
Why ditching Solvency II could be bad for insurers
Editor's opinion: With Prime Minister Rishi Sunak looking to revise the Solvency II rules, are insurers about to find out they have to be careful what they wish for?
Woodgate & Clark restructures to accommodate Quadra acquisition
Loss adjuster Woodgate & Clark has restructured to fully integrate its Quadra acquisition into the the business to help navigate supply chain challenges.
State of the CII's finances revealed
Analysis: Following the allegations that the recent move by the Chartered Insurance Institute to appoint directors into the Personal Finance Society’s board was a “coup” to grab cash, Insurance Post takes a look at the institute’s finances.
CII's Helen Phillips uninvited from local institute’s annual dinner
The Insurance Institute of Shropshire and Mid-Wales has uninvited Chartered Insurance Institute’s group chair Helen Phillips from their annual dinner, claiming the CII has “brought the profession into disrepute”.
60 Seconds With... Valeria Altavilla, Scheme Serve
Valeria Altavilla, schemes architect at Scheme Serve, shares her love of Depeche Mode, her dislike of red wine (despite her Italian roots), and her sage advice on self-betterment.
Clyde & Co eyes further global expansion following DWF raid
Clyde & Co has expanded its product liability team expansion and plans for global growth in 2023.
Zurich Japan hit by data breach with 750,000 users’ info stolen
Zurich has confirmed that it has suffered a data breach where 757,463 users have had their data stolen.
Superscript says there is still appetite to fund insurtechs
UK-based insurtech Superscript has insisted its recent £45m fundraising shows there is still appetite to fund tech-led disruptors with "good business models".
Q&A: IFB director, Ursula Jallow
Newly appointed director of the Insurance Fraud Bureau, Ursula Jallow, spoke to Insurance Post about her plans to lead the industry's collective fight against fraud.
FCA consults on Covid guidance regarding customers in financial difficulty
The Financial Conduct Authority has launched a consultation to update guidance, introduced during the Covid-19 pandemic, to support insurance customers in financial difficulty.
Defra to set out recommendations to reduce flood risk
The Department for Environment, Food and Rural Affairs is looking to introduce a new approach to sustainable drainage, which is set to be incorporated into new developments in England to reduce flood risk.
Direct Line Group shares fall off a cliff as it scraps dividend for 2022
Direct Line CEO Penny James has announced that the board "no longer expects to declare a final dividend for 2022" after a significant increase in claims as a result of the prolonged period of severe cold weather in December, causing its shares to crash.
Lloyd’s Lab graduate Armd targets £6.5bn trades market
Armd, one of Insurance Post’s insurtech start-ups to watch in 2022, has recently graduated from the Lloyd’s Lab and used the experience to build a product designed to support the trades industry.
Flood insurance 'increasingly unaffordable' claims football CEO
Carlisle United Football Club’s CEO has claimed the price of flood insurance for the 119-year-old team’s Brunton Park ground is “increasingly unaffordable”.
Jonathan Evans re-elected as Biba chair
The board of British Insurance Brokers’ Association has extended Jonathan Evans’ tenure as chair of the association for a further three years.
Why climate change is the biggest risk facing businesses
Data analysis: Insurance Post examines data to identify the top commercial insurance risks for the next 12 months and beyond, based on the insight of risk management experts, and examines how insurers are adapting policies and approaches to protect…
Clyde & Co takes 19-strong team from DWF
Clyde & Co has appointed DWF's Charlotte Kelly and Peter Barnes as partners, along with 17 others to expand its product liability team.
FOS car valuation complaints have spiked since 2018
Complaints to the Financial Ombudsman Service regarding the valuation of cars during the claims process rose by 45% from 2018 to 2020, according to a Freedom of Information request made by Insurance Post.
Analysis: How to handle founders post-acquisition
Frances Stebbing explores what acquiring insurers can do to ensure the founder of the business they are buying remain on board or smoothly exit the organisation.
Broker MD who exposed himself to two women avoids jail
A court has heard that an insurance broker flashed two women in a bizarre attempt to be "humiliated" and "punished" over his firm's financial troubles.
60 Seconds With... Deniz Djemal, Clear Group
Deniz Djemal, team leader for corporate clients at Clear Group, tells Post about his holiday to Magaluf, Spain, refuses to choose between life without Nando's and life without Arsenal, and surprises us with his London Marathon exploits.