Motor
Axa acquires Prima
Axa has acquired 51% of Italian insurtech Prima, including its UK business, for €500m (£433.4m).
Allianz x Sainsburys Bank; Bridgehaven buys SureStone; Volante's CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
UK only soft spot in Axa’s personal lines pricing growth
Axa Group released its first half of 2024 results this morning (1 August), revealing the UK as the only European personal lines market to report a pricing decline.
Brewis leaves FCA for KPMG
Matt Brewis, the Financial Conduct Authority’s director of insurance, is leaving the regulator to join KPMG UK, Insurance Post can exclusively reveal.
Sabre CEO unfazed by drop in GWP
Sabre CEO Geoff Carter has told Insurance Post the provider’s 20% reduction in gross written premium "doesn’t bother us at all," but acknowledged growth is necessary to reach its £80m profit target by 2030.
Q&A: Kerry McMahon-White, MD of Police Mutual
Kerry McMahon-White, managing director of Police Mutual, sits down with Insurance Post to talk about life as part of Bspoke Group, having moved over from Royal London last year.
Throwback Thursday: Hiccupping claim & women driver claims
Insurance Post’s Throwback Thursday steps back in time to July 1970 to remind you what was going on this week in insurance history, when the courts ruled an insurer had to pay a claim from a hiccupping policyholder and the AA made claims about women…
Warning signs re-emerge in motor after poor inflationary reaction
The personal motor insurance market may have returned to profit in 2024 but experts at WTW have warned that doesn’t mean pricing problems are solved.
DWF and insurers win in personal injury data dispute
A High Court judgment has dismissed claims against DWF Law brought by Ersan and Co Solicitors, reinforcing the rights of insurers and their legal teams to process data in suspected fraudulent personal injury claims.
Does the FCA’s premium finance inaction show a lack of ambition?
Briefing: After years of signalling action, the Financial Conduct Authority has finally issued an update on its premium finance market review and while Scott McGee observes the watchdog said surprisingly little, those thinking the regulator is backing…
FCA admits profiteering didn’t push up insurance prices
The Financial Conduct Authority has acknowledged the recent surge in motor insurance premiums was driven primarily by external cost pressures rather than excessive profiteering by insurers.
FCA lays out road map to tackle motor insurance costs
The Financial Conduct Authority has outlined what caused motor insurance costs to skyrocket in recent years and explained the steps the regulator, providers and the government should take to reduce premiums.
Big Interview: Mark Christer, Wakam UK
Mark Christer, CEO of Wakam UK and deputy CEO of Wakam Group, sits down with Scott McGee to talk through his first year at the UK subsidiary, and plans to expand.
MIB pledges to end uninsured driving
The Motor Insurers’ Bureau has committed to ending uninsured driving for good, as part of a new five-year strategy.
AI models threaten to ‘blow apart’ price comparison sites
Artificial intelligence large language models such as ChatGPT are set to “blow apart” price comparison website distribution, according to Stella Insurance CEO Sam White.
Fairer Finance accuses insurers of penalising poorer families
Consumer group Fairer Finance has accused UK car and home insurers of fuelling a “poverty premium” through opaque and data-heavy pricing models that penalise lower-income households.
Monzo’s new cover; Aviva boosts renewables; Laka raises £7.7m
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurance Post journalists win Headlinemoney Awards
Insurance Post’s news editor Scott McGee and senior reporter Damisola Sulaiman walked away with two of the top Headlinemoney Awards trophies.
VW opts for Allianz as motor insurance provider
Allianz UK has struck a five-year deal with Volkswagen Financial Services UK to become the underwriter and administrator for its motor insurance offering.
Throwback Thursday: Cars made safer
Insurance Post’s Throwback Thursday steps back in time to July 1970 to remind you what was going on this week in insurance history when motor insurers were set to get a boost by plans to make cars safer.
Big Interview: Phil Cunningham, Direct Commercial
Phil Cunningham, founder of Direct Commercial sits down with Scott McGee to discuss his entry into insurance at the age of 12, why DCL will hit £400m in GWP by 2030, and why he thinks he was the first recipient of the Young Achiever award at the British…
Dashcam footage exposes fake injury claim against Axa
A £74,000 personal injury and vehicle damage claim against Axa has been rejected after dashcam footage showed the claimant wasn’t even in the vehicle at the time of the collision.
Atec Group CEO outlines plan to buy bolt-on businesses
Brendan Devine, CEO of Atec Group, has revealed how he will triple the size of the business in the next five years through a combination of M&A and organic growth.
British Insurance Awards Q&A: James MacBeth, Auto Windscreens
Ahead of the 2025 British Insurance Awards, James MacBeth, managing director of Auto Windscreens, reflects on why it is supporting the event and what he is looking forward to on the big night.