News
Red Cross pleads insurers to back humanitarian insurance approach
During its London Summit, The International Federation of Red Cross and Red Crescent Societies has appealed for more insurers to support its insurance mechanism, as funding for humanitarian needs reaches an all time high.
Biba launches FVA framework after FCA scrutiny
The British Insurance Brokers’ Association has launched a new framework to help members better articulate fair value.
Protesters storm Lloyd’s insurer offices over fossil fuel projects
Hundreds of protesters have gathered outside the offices of 10 Lloyd’s of London insurers today, demanding they rule out insuring the West Cumbria coal mine and the East Africa Crude Oil Pipeline.
FCA CEO responds to Financial Services and Markets Act requirements
Nikhil Rathi, CEO of the Financial Conduct Authority, has outlined five ingredients he feels are essential to support international competitiveness and growth over the medium to long term.
Amazon ramping up as the Insurance Store turns one
One year on from the launch of the Amazon Insurance Store, Scott McGee catches up with the world's largest online retailer to discuss progress to date and what the industry can expect going forward.
Howden secures £500m to turn insurtechs into MGAs
Howden’s venture will support the development of innovative insurance solutions, as well as create investment opportunities for insurtech start-ups.
By Miles co-founder James Blackham leaves
By Miles’s co-founder and CEO James Blackham has announced on LinkedIn that today is his last day – and that he will be replaced by chief commercial officer Maddy Howlett.
McLarens aims to become the go-to adjuster for hospitality claims
Rebecca Webster, McLaren’s broker development lead, shares why the claims services provider has launched its hospitality offering and what challenges lie ahead.
Lloyd’s risk tool; Pattern and Giggster partner; Howden’s driving offering
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers ready for hundreds of Luton Airport fire claims
While the Association of British Insurers has claimed it is “too early” to estimate the insured cost of a fire at London Luton Airport. LV, Ageas and Aviva have confirmed how they will be handling motor insurance claims caused by the blaze.
ABI tells insurers to up their game on apprenticeships
The Association of British Insurers has said more “tangible action” is needed to boost the numbers of apprenticeships being offered by the insurance sector.
ABI warns insurers there is ‘no room for complacency’ on DEI
The Association of British Insurers has published an update on its progress towards becoming the “most diverse, equitable and inclusive sector” in the UK.
Insurers lining up takeover bid for RSA’s PL business
Aviva is among the insurers lining up a bid for RSA’s personal lines business, according to anonymous sources speaking to Reuters.
Allianz and Intact pondering Aviva takeover, reports claim
The Times has reported that "market chatter" has suggested Allianz and RSA owner Intact, are considering lining up a bid to buy Aviva.
Percayso tackling fraud for CHO; LMA’s Blueprint Two playbook; Jensten appoints M&A director
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Has Elon Musk been put off launching Tesla Insurance UK?
News Editor's View: With electric vehicle claims costs, and therefore premiums skyrocketing, some insurers are refusing to insure certain Tesla models. Scott McGee considers whether Elon Musk is set to disappoint consumers by ditching plans for Tesla's…
Aviva teams up with Swiss start-up to tackle AI risks
Aviva and Calvin Risk have collaborated in a move the Swiss start-ups bosses claim will "make artificial intelligence safe, transparent and trustworthy for the insurance industry."
Motor and home premiums at ‘peak of the pricing cycle’
Figures released by Pearson Ham have revealed that home and motor premiums have further increased in the third quarter, as we reach ‘the peak of the pricing cycle’.
Gender inequality is leading to a global ‘economic and social catastrophe’
During a Dive In Festival event, industry leaders shared how ‘gender allyship’ is the missing ingredient for gender equity.
FCA rules out banning broker commission
The Financial Conduct Authority has ruled out banning broker commission, despite being concerned by “high” 62% charges for arranging cladding insurance.
Q&A: Charmaine Chow, Dale Underwriting Partners
Charmaine Chow, head of legal and governance at Dale Underwriting Partners, speaks to Frances Stebbing about building a Lloyd’s managing agency and what it means to be a diversity and inclusion champion.
Regulator monitoring motor insurance premiums
The Financial Conduct Authority is “monitoring” motor insurance prices amid skyrocketing premiums.
Many Pets’ £42m loss highlights issues
Many Pets posted a £42m loss for the year to 31 March 2023, on top of the £31m loss for the year before.
FCA promises action against overcharging brokers
The Financial Conduct Authority has warned brokers it will “take action” against those charging inflated commissions for arranging cladding cover, with some charging up to 62%.