Company news
Allianz brings personal lines businesses together and streamlines senior management
Allianz has restructured its UK business, creating distinct personal lines and commercial lines divisions led by Steve Treloar and Simon McGinn respectively.
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.
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.
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.
More leadership changes at Aviva as Andrew Morrish departs
Andrew Morrish has left Aviva after more than 13 years with the business, most recently as claims director, with Dave Lovely’s role extending to cover UK.
Intelligence: CSR is dead, long live ESG
Although environmental, social, and governance issues have been mentioned as far back as 2006 by the United Nations with other sectors seeing it incorporated into their financial evaluations, insurance is only recently picking up the buzzword. Post…
ABI looks to board reform as it names first president
The Association of British Insurers is recruiting an independent chair and independent non-executive director and has selected a president and deputy president for the first time.
Samengo-Turner appointed Marsh UK specialty CEO as Moody moves to Guy Carpenter
Dominic Samengo-Turner has been appointed CEO of Marsh specialty UK and Ireland replacing Paul Moody who is moving to become UK CEO of Guy Carpenter.
Ardonagh to launch reinsurance broker Inver Re
Ardonagh is looking to launch a reinsurance broker in the second half of the year following its purchase of BGC's insurance business.
Markel names Wilson as Stovin's successor
Markel has appointed Simon Wilson as the next president of its international insurance division, succeeding William Stovin.
Sky takes majority Neos stake from Aviva
Exclusive: Sky UK has taken a significant stake in smart home insurtech Neos from Aviva.
Covéa goes live with Iotatech policy platform
Covéa’s insurance-as-a-service platform developed with Iotatech has gone live marking the insurtech’s first rollout with a major insurer, Post can reveal.
Hiscox adds ex-Ageas and Brightside leader Mark Cliff to UK board
Hiscox has moved to strengthen the board expertise in its two UK legal entities with the appointments of Mark Cliff, James Illingworth and Jane Hayes as independent non-executive directors.
Lloyd’s concerned about 'persistent underperformers' holding back the market
Lloyd's of London is looking to increase oversight of “persistent” underperformance as it is concerned underperformers are holding back the overall market.
Scor and Covéa ink truce bringing bitter feud to an end
Covéa and Scor have signed a settlement agreement that will see all legal action between the two dropped.
Arch reveals pair of leadership promotions
Arch Insurance International has promoted Kirsten Valder to chief administrative officer and Jason Kittinger to chief operating officer, effective 30 June.
Activist investor Cevian Capital takes 4.95% Aviva stake
Swedish investment firm Cevian Capital Partners has confirmed it now holds a 4.95% stake in Aviva.
Gefion declared bankrupt
Gefion Insurance has been declared bankrupt by the Maritime and Commercial High Court in Denmark and is no longer paying claims.
RSA targeting motor and SME, says CEO Scott Egan as takeover completes
RSA is in a “cracking place” and ahead of where it would expect to be, according to Scott Egan CEO for the UK and international.
Kessler 'can't hold shareholders hostage this time', says Ciam as it calls for Scor chairman's removal
Investment fund Ciam is encouraging shareholders of Scor to vote against the reelection of chairman and CEO Denis Kessler and two other directors to the reinsurer’s board.
Euler Hermes appoints Sarah Murrow as UK&I CEO
Euler Hermes has appointed Sarah Murrow as CEO of its UK and Ireland business, effective 1 June and subject to regulatory approval.
Wefox could have raised $1bn say co-founders
Insurtech Wefox could have raised over $1bn (£706m) but chose to close its series C funding round at $650m, its co-founders told Post.
RSA sale to Intact and Tryg completes
RSA has been bought by Canadian insurer Intact and Danish provider Tryg as scheduled for £7.2bn in cash with CEO Stephen Hester departing.
French regulator sees no evidence of Scor share price abuse
The Authorité Des Marchés Finances has been unable to substantiate price manipulation allegations made by Covéa against Scor.