Redundancies
Clear Group’s Scottish expansion; Bridgehaven’s buy; B.P. Marsh’s CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Allianz to re-platform commercial products over next two years
Allianz Commercial is in the process of moving all its products over to a new platform, chief distribution officer Nick Hobbs has told Insurance Post.
Big Interview: Angus Eaton, Motor Insurers’ Bureau
After pledging to end uninsured driving, Motor Insurers’ Bureau CEO Angus Eaton speaks to Scott McGee about how the goal will be achieved—and the wider ambitions of the bureau’s five-year strategy.
Aviva’s Storah flags quick wins with Direct Line
Jason Storah, Aviva’s UK and Ireland general insurance CEO, has outlined early operational wins from the Direct Line takeover, and shared his growth plan for personal, commercial and specialty lines for the latter half of 2025.
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.
What Applied’s Epic exit means for the market
After Applied Systems announced it was pulling its Epic platform from the UK, what does that mean for the UK broker e-trading market?
ManyPets expects to post profit after £33m loss
ManyPets expects to post a profit for the last few months after making a £33m loss in the year to 31 March 2024.
Is there such a thing as a ‘happy ship’ in insurance?
News Editor’s View: With wholesale changes, widespread redundancies, and apparently tonnes more M&A to come, is there such a thing as a happy ship in insurance?
Allianz and LV to merge claims operations
Allianz has started the process to merge the claims operations of both Allianz Commercial and Allianz Personal, which includes LV, Insurance Post can reveal.
QuestGates buys Brownsword; Woodgate & Clark integration; Vitality’s health CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
ManyPets confirms redundancies as co-founder exits
ManyPets has confirmed to Insurance Post it has made some compulsory redundancies as part of its transformation project.
Biba’s Trudgill on managing change
Trade Voice: Looking ahead to 2025, British Insurance Brokers’ Association CEO Graeme Trudgill says brokers should see enormous changes on the horizon as an opportunity rather than a threat.
DLG to axe 550 jobs by end of 2025
Direct Line Group has this morning confirmed that a consultation process has begun, with the aim of cutting about 550 roles by the end of 2025.
Esure transformation leads to layoffs for long-serving staff
Esure cut jobs of long-serving, frontline colleagues during its transformation programme due to digital efficiencies resulting in customer behaviour changes.
Big Interview: Kevin Spencer, Markerstudy Group
In his first interview since the completion of the £1.2bn merger between Markerstudy and Ardonagh’s Atlanta Group, Kevin Spencer sits down with Scott McGee to talk through the process of completing the deal, and how it allows his business to overtake…
Markerstudy backer agrees deal to buy Collingwood
Markerstudy backer Pollen Street Capital has agreed a deal to acquire Collingwood Insurance Services Ltd, Insurance Post can reveal.
Markerstudy Group to cut 750 jobs by the end of 2025
Following the completion of the £1.2bn acquisition of Ardonagh-owned Atlanta, Markerstudy Group CEO Kevin Spencer has confirmed that the process of cutting 750 jobs has begun.
Big Interview: Sten Saar, Zego
Sten Saar, co-founder and CEO of Zego, speaks to Damisola Sulaiman about the challenges of building an insurtech in an evolving landscape, the lessons he learned entering the complex world of insurance as an outsider, plus his plans for growing the…
Allianz boasts 65% profit resurgence
Allianz Holdings has posted a 65% jump in operating profit in 2023, after 2022’s result was less than half the year before.
Scale of insurers’ fight for tech talent laid bare
Data analysis: The amount of competition insurers face in attracting tech talent plus the type of skills providers are hunting for has been revealed by an Insurance Post deep dive into LinkedIn job adverts.
Creditors set to lose out amid Plexus collapse
Documents show Plexus Group, which has entered administration, owes creditors about £21.5m, and that some are unlikely to receive the full payout, with most unlikely to receive anything at all.