United Kingdom (UK)
Acrisure acquires Sutton Winson and SSR; One Family to acquire Beagle Street and Many Pets expands to the US
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Data Analysis: Business Interruption payment tracker - Autumn update
Six months on from its previous update, the Financial Conduct Authority continues to monitor the fulfilment of Covid-related business interruption claims. Post analysis of this data shows which insurers are lagging behind on their commitments.
Q&A: Marc Sweeney, Cila
Davies’ Marc Sweeney was appointed as president of the Chartered Institute of Loss Adjusters in September, replacing Helena Evans. He spoke to Post about his plans for the next year, how his experience as a chartered psychologist will help him in his…
FCA launches discussion on competition impacts of big tech firms entering insurance sector
The Financial Conduct Authority is seeking views on the competition benefits and harms from big tech firms’ entry into a range of retail financial services sectors.
Analysis: Amazon enters UK insurance not with a bang, but with a whisper
Amazon’s entry into UK insurance has been talked about for years. Has the announcement of the Amazon Insurance Store satisfied the industry-built expectations?
Direct Line Group creates two offices to enhance customer and commercial focus
Direct Line Group has revealed the establishment of a Chief Customer Office and Chief Commercial Office to lead the Group’s brand, customer and trading strategies.
Avian flu outbreak could hit insurers hard: McLarens' Smout
With avian influenza prevention zone declared across Great Britain, an agriculture loss adjuster warns claims could be costly for insurers.
UK 'veering off course' with ESG as public rank cost of living as their top concern
According to a report on environmental, social and corporate governance issues from communications consultancy SEC Newgate, the UK public rank the cost of living crisis as their primary concern.
MS Amlin Underwriting slapped with almost £10m fine for historic governance failings
The Prudential Regulation Authority has fined MS Amlin Underwriting £9.7m for failings in its governance, controls and risk management in the period between 1 September 2014 and 31 December 2019.
ESG Analysis: Insurers' plan of action to divest from coal, oil and gas
As 'ESG Season' approaches in anticipation of Cop27 in Sharm El-Sheikh, Post investigates how insurers are adapting their investment portfolios in line with climate targets.
60 Seconds With... Eleanor Brodie, Lexis Nexis Risk Solutions
Eleanor Brodie, data science manager at Lexis Nexis Risk Solutions, talks to Post about the troubles of pet-parenting, and reveals her favourite fictional character and how she'd like to be a fly on wall in ancient Rome or Greece.
Blog: Should insurers be concerned about The Great Cancellation?
The cost-of-living crisis is driving the great cancellation as people cut non-essential purchases. Streaming services such as Netflix, and gym memberships were some of the first to go. Bob Meier, product solutions manager at EIS, considers whether…
Aon launches Work Insights Programme to help provide students work experience opportunities
Aon strengthens efforts to support college students from lower socio-economic backgrounds with new career prospects with the launch of its Work Insights Programme.
Amazon partners with three insurers to launch home and contents ‘Insurance Store’
Amazon has partnered with Ageas, Co-op and LV to launch the Amazon Insurance Store, offering home and contents insurance to UK customers.
Q&A: Stephen Worrall, HSB
After taking over the CEO role six months ago, Stephen Worrall has overseen HSB's acquisition of the MD Group and its integration. He talks to Frances Stebbing about HSB's 2025 ambition, which is centred around doubling the size of the business, and…
Allianz poaches mid-market boss from Aviva in further commercial reshuffle
Allianz Commercial has appointed Aviva’s David Carey into the newly created position of managing director of mid-market.
C-Suite: What can traditional and large insurers and brokers learn from the insurtech start-up community?
Jodi Cartwright, distribution director at Hiscox UK, discusses how the move from working for a large insurer to setting up an insurtech start-up affected her, and lists her five suggestions for how larger brokers and insurers can learn from the insurtech…
Lloyd’s first CEO Ian Hay Davison passes away
Former CEO of Lloyd’s of London who took on a task of reforming scandal-ridden Lloyd’s of London in 1983 of its reputation, has passed away aged 91.
FCA still yet to fully investigate vast majority of Covid-related whistleblowing reports
The Financial Conduct Authority has yet to close the majority of Covid-related whistleblowing reports received in the past 18 months, according to a freedom of information request made by Post.
Intelligence: Should the insurance sector get wedded to embedded to close protection gaps?
Embedded insurance is receiving some hype, with claims that it could help bolster the industry by closing the protection gap while simultaneously creating the potential for lower-cost distribution. Frances Stebbing looks at whether this is really the…
Hemming to leave Aviva and be replaced with Dave Martin
Aviva's Gareth Hemming is to "pursue new opportunities outside of Aviva" at the end of the year.
Data Analysis: Insurer CEO remuneration in context
Post surveys compensation packages for CEOs in insurance, examining how they have changed over the past four years, and how they compare to average incomes.
Perils pegs London’s 2021 summer flood losses at £281m
Perils has pegged insurance and reinsurance industry losses for London floods that took place between 12 and 14 July 2021 at £281m.
FCA expects to grow staff headcount by '400 to 500 this financial year'
Financial Conduct Authority CEO Nikhil Rathi expects the staff headcount to grow by 400 to 500 this financial year, “challenging set of reforms” to its career, pay and grading which resulted in two strikes action.