News
Changes at the top of FOS as Rachel Lam leaves post
Insurance Post has been informed that Rachel Lam is no longer in her position as ombudsman director of insurance at the Financial Ombudsman Service.
Brokerbility targets member GWP growth of 20%
Brokerbility MD John Dunn says that while members are on average growing at about 16% per year, he wants growth to hit 20%.
Insurers that paused EDI work told to redouble efforts
The insurance industry may need to renew ethnicity and disability data collection efforts due to Labour’s diversity pay reporting proposals.
Biba brings in Pen’s Downey to replace retiring Manchester
British Insurance Brokers’ Association CEO Graeme Trudgill has announced Pen Underwriting’s Tom Downey will take Charles Manchester’s seat on its Network and Managing General Agents advisory board.
UK riot damage racks up £250m insurance bill
Insured losses from the recent UK riots will be at “manageable levels” of less than £250m, according to Morningstar.
Ardonagh buys broker; Compass offers beach hut cover; Minster Law’s hire
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
RSA's cloud solution; Allianz's new stadium; Gallagher's managing director
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Tributes paid to Jonathan and Judy Bloomer
Tributes have been paid to Hiscox chair and former Prudential CEO Jonathan Bloomer, who was among those killed when a yacht sank in the Mediterranean earlier this week.
Fraudster who repeatedly targeted RSA is jailed
A man who repeatedly filed fake home insurance claims to RSA for broken phones, laptops and televisions using a variety of false identities, has been jailed for 20 months.
Hiscox chair Bloomer confirmed dead in yacht tragedy
Italian authorities have recovered the bodies of Hiscox non-executive chair Jonathan Bloomer and his wife Judy from the wreck of a sunken yacht off the coast of Sicily.
FCA uncovers little progress on Gap insurance value
The Financial Conduct Authority has today (21 August) released its latest fair value measures data, which shows while there has been progress on the proportion of premiums paid out in guaranteed asset protection claims, it is still low.
Lycetts appoints Ian Barclay as CEO
Lycetts has announced the appointment of Ian Barclay as its new CEO, succeeding Charles Foster.
Action to avoid prison overcrowding to impact insurance claims
Operation Early Dawn, which will allow prisoners to be held in police cells rather than prison accommodation, may create several problems for insurers from a claims and practical perspective, a legal expert has warned.
Tysers owner AUB takes 80% stake in Movo Group
AUB has agreed to acquire an 80% equity stake in Movo, including its AR network Movo Partnership, its equity broking group, Movo Insurance Brokers, and insurance technology platform, Durell Software.
Howden offices targeted by Extinction Rebellion
Extinction Rebellion has named Howden as the first target for the group’s non-violent direct action protests and disruptions across the summer.
Marsh’s carbon offering; Howden buys broker; Aventum’s AI assistant
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva’s Storah reveals what to expect next from the provider
Aviva UK&I general insurance CEO Jason Storah, along with his chief financial officer Stephen Pond, share what lines they expect to grow the most in the latter half of 2024 and outline their approach to pricing as inflation heads closer to 2%.
Dive In registration opens
Registration has opened today (15 August) for the 2024 Dive In Festival, which aims to promote diversity and inclusion in the insurance industry.
Longworth’s AI Code of Conduct has a ‘shelf life’
Eddie Longworth’s voluntary artificial intelligence (AI) code of conduct for the claims industry has a “shelf life”.
AI adoption is ‘running before walking’ for Charles Taylor InsurTech clients
Charles Taylor InsurTech’s mature clients are not ready to embrace artificial intelligence (AI), according to CEO Arjun Ramdas.
Allianz UK spending £400m on change by end of 2025
Colm Holmes, CEO of Allianz Holdings has said the company is spending £200m this year and the same amount again next year on change within the UK business.
Allianz UK profits surge 55%
Allianz UK has reported a 55% increase in operating profit to £174.8m for the first six months of 2024, compared with £112.8m for the same period in 2023.
MGA launches with travel insurance for pre-existing conditions
New travel MGA Gigasure plans to develop travel insurance for those with pre-existing medical conditions.
QuestGates to invest fresh funding in tech and acquisitions
QuestGates has secured investment from private equity firm Equistone and, according to CEO Chris Hall, is planning to invest the funds in technology and acquisitions.