United Kingdom (UK)
Aspen adds Aileen Mathieson as group CIO
Aspen Insurance has appointed Aileen Mathieson as group chief investment officer.
Marsh’s Edel Ryan on whether a government backed scheme will be the X Factor for live events
With normality beginning to make a return and the government having rolled out ‘Freedom Day’ on 19 July Edel Ryan, head of strategic business development, UK and Ireland for sport, entertainment and media industry at Marsh, asks if we can expect the come…
AR consultation prompts stifling innovation concerns
A Financial Conduct Authority consultation on appointed representatives will tackle firms "circumventing" requirements, compliance consultants told Post, though concerns have been raised around barriers to entry and innovation.
Blog: You can’t make me - the challenges of returning to office-based working
As the government's advice to work from home comes to an end, Michael Jenkins, head of legal advice at Arc Legal Assistance, explains what employees and employers can do.
Blog: The risks to employers from ‘Freedom Day’
'Freedom Day' may be approaching but a return to normality could remain a risky business for employers, writes BLM occupational disease team partner Simon Morrow.
McLarens moves headquarters to Lime Street
Exclusive: After more than 40 years at Ibex House, McLarens is moving its headquarters to Forum House on Lime Street.
Reinsurers face up to $400m bill for spectator free Tokyo Olympics
Reinsurers will see up to a $400m claims hit from a spectator free Tokyo Olympic Games, ratings agency Fitch has calculated.
Q&A: James Gearey, Covéa
After nine months in the role, James Gearey, managing director for personal lines and protection at Covéa, spoke to Post about partnering with Vitality, digital innovation and how technology is changing personal lines offerings.
Lloyd’s takes Eleanor Bucks from L&G as first CIO
Lloyd’s has recruited Eleanor Bucks from Legal & General for the newly created role of chief investment officer.
Flood Re confident on lowering levy to £135m for next financial year
Flood Re is confident that its build back better proposals and reduced insurer levy will soon get government approval, CEO Andy Bord has confirmed, as he detailed plans for the organisation to buy lower limits in its own reinsurance programme.
Somerset Bridge Group posts loss but rising Ebitda ahead of sale
Somerset Bridge Group has reported a loss after tax of £42.4m for the year ended 31 December 2020 ahead of being snapped up by Bermuda reinsurer Arch Re.
QBE’s Emma Higgins on the new way of working
After the insurance industry adapted quickly to operating remotely last year, it now faces the challenge of addressing new ways of working in the future, says Emma Higgins, chief human resources officer at QBE Europe.
Beazley adds Troy Dehmann as COO
Beazley has appointed Troy Dehmann as chief operating officer with immediate effect replacing Ian Fantozzi.
Insurers commit to tackling climate change with launch of net zero alliance
Eight insurers and reinsurers have established a United Nations-convened Net Zero Insurance Alliance as founding members, committing to transition their insurance and reinsurance underwriting portfolios to net-zero greenhouse gas emissions by 2050.
FM Global names Malcolm Roberts as CEO with Tom Lawson retiring at year end
FM Global has appointed executive vice-president Malcolm Roberts as president and elected him to the company’s board of directors as of 1 August ahead of succeeding Thomas Lawson as CEO from 1 January 2022.
Hopwood hails 'major coup' as Zurich joins Hedron’s panel
Zurich Insurance has joined the panel of Global Risk Partners-owned network Hedron, Post can reveal.
RMS appoints Jason Futers as MD for UK insurance
Jason Futers has rejoined RMS taking up the post of managing director of its UK insurance business replacing Richard Irwin who has retired.
Covid-19 pandemic drives Biba turnover down 36%
The British Insurance Brokers’ Association’s turnover fell by 36% in 2020, however, funds ticked up slightly to just over £4m in the period.
CII to start member consultation in September
The Chartered Insurance Institute has revealed that it will begin a membership consultation programme in September to be completed by the end of the year with the key findings to be published in the first quarter of 2022 followed by the professional body…
PFS Solo activists call for fast release of CII AGM votes breakdown
Seven members of the PFS Solo campaign group have written to Sian Fisher, CEO of the Chartered Insurance Institute, calling for the voting details of the annual general meeting to be released this week.
Stuart Forsyth describes 'hellish experience' as Upper Tribunal overturns fine and ban by ruling against FCA and PRA
Stuart Forsyth, the former CEO of Scottish Boatowners Mutual Insurance, has called on regulators to “learn from the errors they made in my case and work to restore the faith of regulated professionals” as the Upper Tribunal overturned his fine and ban.
ABI Climate Change Summit: Past point of stepping away from climate change responsibilities says Direct Line's James
With “trillions in assets”, “billions spent” on supply chain and “millions of customers”, Direct Line CEO Penny James urges the insurance industry is past the point where anyone can step away from their responsibilities in relation to climate change.
ABI Climate change Roadmap: £60bn a year could be invested in meeting net zero targets
The Association of British Insurers has set out an ambitious Climate Change Roadmap that could see the UK’s insurance industry contribute one-third of the investment needed to meet the UK’s Net Zero target.
ABI Climate Change Summit: Climate change is 'existential risk' for financial services
Member of Scottish Parliament and the cabinet secretary for finance and the economy Kate Forbes has urged insurers to grab the “once in a generation opportunity” of Cop 26 later this year and put the transition to net-zero at the heart of “everything…