Insurer
Serial fraudster jailed for exaggerated bag claim
A man has been sentenced to two years in prison after pleading guilty to fraud by false representation and breaching a Serious Crime Prevention Order.
Axa Partners hit with FCA limitations
Following the Which? super complaint, the Financial Conduct Authority has told Axa Partners UK it cannot grow its current customer base without written permission from the regulator.
Regulator urged to act to avert Covid BI lawsuit wave
Law firm Stewarts has written to the Financial Conduct Authority to ask it to issue urgent ‘stop the clock’ guidance on Covid business interruption claims, in order to avoid a wave of lawsuits in the new year.
EY predicts ‘sizeable losses’ for motor insurers in 2026
Claims inflation and premium inflation will have a negative effect on the bottom lines of UK insurance companies next year and beyond, according to EY.
Intact’s commercial launch; Pen x Zurich; QBE’s casualty manager
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Tide names insurance business CEO
Insurance Post can reveal Dan McNally has been appointed senior vice president and CEO of Tide’s global insurance business.
Admiral Business CEO joins Ecclesiastical
Ecclesiastical Insurance has appointed David Hockey as its new director of schemes and partnerships, replacing Chris Withers, who departed the business in November.
Aviva nabs Admiral data director for executive role at Direct Line
Aviva has appointed Rachel Purchase, currently director of data and analytics at Admiral, as chief underwriting officer for Direct Line Retail.
Claims fraud interceptions continue to top £1bn
£1.16bn worth of fraudulent general insurance claims were identified in 2024, according to the Association of British Insurers’ latest data.
Jensten buys broker; Pen's renewables product; Zurich UK's head of compliance
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
ABI urges MPs to hardwire insurance into national resilience
The government must embed insurers at the heart of national resilience planning and involve the sector at the earliest stage of major policy decisions, Association of British Insurers director general Hannah Gurga told industry leaders.
Proposals for simplified FCA commercial and bespoke rules imminent
Post understands the Financial Conduct Authority is aiming to publish proposals for simplified rules for commercial and bespoke insurance products before the end of the year.
Laka raises £14.1m in series B round
Laka has raised £14.1m in its series B funding round, following the green mobility insurer securing a £6.5m venture debt facility from HSBC Innovation Banking.
Government introduces Bill to bolster cyber resilience
The UK government has today (12 November) introduced a new Bill to parliament aimed at strengthening cyber security for the nation’s essential public services.
Allianz to open four broker hubs
As a way to ‘stay relevant’ to brokers, Allianz Commercial’s chief distribution officer Nick Hobbs has revealed the measures the insurer has taken, including plans to open four new broker hubs.
Alps' Gap product; Westfield partners with Insurwave; Gallagher’s NED
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Sky Protect reveals first partner on new panel structure
Sky has partnered with Axa for its home insurance product, after parting ways with Zurich earlier this year.
Government launches review into whiplash reforms
The government has this week launched a post-implementation review of the Whiplash Reform Programme.
Brown & Brown buys MGA; MS Amlin x CyberCube; Acrisure’s triple appointments
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Mazur ruling: A seismic shift for insurance?
A recent ruling at the High Court could give the legal and insurance industries another headache to worry about.
PWC’s launch; Bentley’s insurance product; Howden’s group CFO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.