United Kingdom (UK)
Blog: Rebalancing the BI bad publicity - how insurers can rebuild public trust with positive PR messaging
Delays in comment sign off to interference in influencing messaging. Consultant Mark Bishop polled insurers and brokers about the sector's Covid-19 response and concludes lessons need to be learned in terms of balancing bad publicity in the future.
Blog: Covid-19 - time to re-evaluate
The coronavirus pandemic has hit people hard in a manner that the insurance industry can’t compute. Bundeep Singh Rangar, CEO of Premfina, looks at what lessons insurers can learn from the crisis.
Profits and turnover shrink at CDL in 2019
CDL Group has reported a 5.1% fall in turnover to £52.9m along with a 31.4% drop in post-tax profit to £4.7m for the year ended 30 September 2019.
US Department of Justice requests extra info on Aon WTW merger
The antitrust division of the US Department of Justice has asked Aon and Willis Towers Watson for additional information and documentary materials about the proposed $30bn (£23bn) takeover.
Insurance Covid-Cast: Future of Insurance Work – Lesson learned to help Gen Y employees adjust to a new work/life balance post-pandemic
For the 33nd episode of Post and Insurance Age’s video series we gathered together a panel of senior HR and talent managers to discuss the feedback they have had from millennials about how they have experienced lockdown and how insurers might adapt in…
Tiger Risk unveils fourth hire of the month
Tiger Risk has appointed Juan England as a partner with a mandate to help develop large, multi-regional clients in Europe and other international markets, the fourth recruit of the month for the rapidly expanding broker.
Covid-19 an excuse not a reason for redundancies, say recruiters
Insurance recruiters told Post Covid-19 is being used as an excuse for companies to streamline their businesses.
Briefing: The FCA is sending the wrong message on dual pricing
June 2020 was to be the month insurers got their comeuppance on the saga that is dual pricing, but the Financial Conduct Authority has once again dropped the ball.
Blog: Preparing for the next asbestos - silicosis and insurance
With the All Party Parliamentary Group for Respiratory Health’s call to arms for the reform of workplace exposure limits to silica dust, Jim Byard, insurance partner at Weightmans, explores the likely impact on the insurance industry, and how it can…
Blog: Dealing with a hardening market - risk management and loss control during and post Covid-19
With the current insurance market hardening at a rate not seen in over a decade, Risk Solved non-executive Richard Thomas argues those firms that drive improved risk profiling and begin to fully appreciate the quality of the risks within their portfolio…
Drop all fossil fuels urges climate change campaign group
Insurers must stop 'protecting' the coal industry and start protecting society claimed a climate change group as it urged the sector to drop all fossil fuels.
Gable liquidator warns of ‘everlasting’ bankruptcy proceedings as it writes off £72m
The liquidator of unrated insurer Gable has found ‘trapped funds’ in the company originally valued at CHF 85m (£71.8m) are not recoverable.
Axa XL confirms Sean McGovern as CEO UK and Lloyd's market
Axa XL has confirmed former Lloyd’s leader Sean McGovern as CEO for the UK and Lloyd’s market having held the role on an interim basis since April.
Go Compare parent appoints Burns as CFO
Goco Group, the parent company of aggregator Go Compare, has appointed Alan Burns as chief financial officer with Nick Wrighton set to leave after four years in the role.
Q&A: Tara Parchment, head of private clients, Brit
Tara Parchment joined Brit to head up its private client offering in November 2018, after 22 years at Chubb. She spoke to Post about plans for the Private Clients offering, how it will meet the changing customer needs and how the current pandemic is…
Blog: The changing shape of the London Market
Recently capital raisings by insurers aimed at ensuring they have sufficient capacity to support their trading partners and clients during the Covid-19 crisis have been widely reported. Clare Lebecq, CEO of the London Market Group believes the ability of…
Flood Re paid out more last year than its first three years combined
The Flood Re scheme incurred gross claims of £160m in 2019/20, more than the total paid in its first three years of existence.
Insurance Covid-Cast: Future of Insurance Work - What do millennials want from their employers; and has it shifted due to Covid-19?
For the 32nd episode of Post and Insurance Age’s video series we gathered together a panel to discuss how millennials have experienced lockdown and what temporary practices they would like to see made permanent.
Chubb reveals near $1.4bn Covid-19 Q2 loss estimate
Chubb has estimated that it will face $1.37bn (£1.1bn) of pre-tax losses - $1.16bn after tax - in its second quarter results due to the global coronavirus pandemic.
Marsh supports partnership between British Red Cross and the British Psychological Society
The British Red Cross and the British Psychological Society have teamed up to recruit specialist Psychosocial Reserve Volunteers who will support people experiencing trauma or emotional distress during and after major emergencies in the UK.
Concirrus raises $6m from Commerzventures
Insurtech Concirrus has raised $6m (£4.8m) through an investment from Commerzventures, Post can reveal.
FSCS confirms Fiona Kidy as CFO
The Financial Services Compensation Scheme has appointed Fiona Kidy as chief financial officer having held the role on an interim basis since May last year.
Aviva's Patrick Tiernan on getting Britain back to business
The tragic toll of Covid-19 is incalculable. In less than five months, this pandemic has taken away so many loved ones – devastating families, friends and colleagues on a scale that could not have been imagined. Patrick Tiernan, managing director UK…
Ex-Zurich boss Dave Smith takes NED role at AIG UK
Former Zurich UK general insurance CEO Dave Smith has joined AIG UK as a non-executive director and is set to become chair of the risk committee.