News
Jensten’s trio of acquisitions; Aviva’s Glasgow office; Swiss Re’s CFO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Allianz dispenses musical instrument book to Howden
Howden has agreed to acquire the musical insurance book from Allianz UK.
DynaRisk’s Martin on the insurance industry’s cyber resilience
DynaRisk’s Andrew Martin discusses the cyber resilience of UK insurance firms, exploring hacker motivations, common threats and challenges that firms face.
Q&A: Chris Rolland, AllClear & InsureandGo
Following the sale of InsurEvo, the parent company of AllClear and InsureandGo, CEO Chris Rolland talks about what that means for the broker moving forward, the travel insurance market following the pandemic, and how he hopes to implement more artificial…
FSCS pays out £160m for failed insurers in 2023/24
The Financial Services Compensation Scheme paid out £423m in compensation to customers during 2023/24, with £160m of that going to customers of failed insurers – less than it had predicted.
FCA takes first steps to achieve proportionate regulation
The Financial Conduct Authority is looking for comment on the level of regulation regarding commercial and bespoke insurance products and companies, while also opening its review of requirements following the introduction of the Consumer Duty.
Markerstudy Group to acquire Hughes Insurance
Markerstudy Group has announced plans to acquire Hughes Insurance, subject to regulatory approvals and customary conditions, its first deal since gaining FCA approval on its merger with Atlanta.
Allianz’s PL motor product; Voyager is acquired; BMS’ growth officer
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Cuvva CEO on achieving profitability in a turbulent insurtech space
In its 2023 annual report, the car sharing insurtech revealed it was able to go from a £6m loss in 2022 to £3.8m adjusted profit in 2023.
Climate activist group defaces insurer windows
A newly formed climate activist group has smashed and defaced windows of major insurers as part of a “campaign of sabotage”.
Brokers and freeholders to face lawsuit over insurance commission
The class action, launched by a City lawyer and leaseholder, Liam Spender, is backed by law firm Velitor, which has secured funding for the no win, no fee claims from Balance Legal Capital LLP.
Insurance claim puts Cardiff trees on chopping block
Two mature lime trees in Riverside, Cardiff, are set to be felled due to a home insurance claim, causing uproar among locals.
Cricket club bans sixes to cut out insurance claims costs
One of the UK’s oldest cricket clubs has banned players from hitting sixes, because of the damage it does to neighbouring properties, resulting in insurance claims costs.
Which? demands FCA action over ‘widespread’ claims-handling failures
Consumer champion Which? has launched a new campaign to end “the insurance rip-off” and has called on the Financial Conduct Authority to take tough action against claims handlers who fall short of the regulator’s required standards.
ABI outlines plan to help Labour achieve green energy goals
The Association of British Insurers has published a 10-point action plan for green investment, matching Labour's green energy plans.
Why are HNW MGAs dropping like flies?
After numerous MGAs operating in the high-net-worth space have either been sold or gone into run-off over the last few years, Scott McGee asks what does it take to survive in this space?
Kwik Fit's comeback; London Market’s world record; Ageas’ risk officer
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Sam White’s Stella to launch domestic abuse insurance in UK
Stella Insurance is set to launch a domestic abuse insurance product in the UK, to go alongside its motor policy, Insurance Post can reveal.
Kelsall leaves Allianz for sweet role at Marshmallow
Nick Kelsall, head of insurance claims at Allianz UK, is leaving the insurer in September, Insurance Post can reveal.
Fronting insurers and traditional carriers vie for MGAs’ favour
Managing general agents may be able to reap more of the reward of their underwriting activity by partnering with fronting insurers rather than traditional carriers, Bridgehaven CEO Paul Jewell has said.
MGAs must ‘hold capacity providers to account’ over service
A panel at the Managing General Agents’ Association conference earlier this week has urged MGAs to hold their capacity providers to account, as members emphasised the importance of “diversified capacity”.
Ecclesiastical’s office professions product; Howden Re’s talent exchange; Ripe’s head of M&A
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurance Post writers pick up five Biba Journalism Awards
Insurance Post’s editor, news editor, and regular contributor were all winners at yesterday’s British Insurance Brokers’ Association Journalism Awards, with one being named Journalist of the Year.
Markerstudy to switch broker products back on
Insurance Post can reveal that Markerstudy Group is to turn its broker products back on after withdrawing “lots of agencies” back in September.