UK
Q&A: Sian Fisher, CII
With ongoing arguments about the outcomes of the 2016 manifesto, the sale of Aldermanbury, proposals to deregister the Personal Finance Society, exam problems and more, Post posed key questions to Sian Fisher, CEO of the Chartered Insurance Institute.
Aspen adds Aileen Mathieson as group CIO
Aspen Insurance has appointed Aileen Mathieson as group chief investment officer.
Marsh’s Edel Ryan on whether a government backed scheme will be the X Factor for live events
With normality beginning to make a return and the government having rolled out ‘Freedom Day’ on 19 July Edel Ryan, head of strategic business development, UK and Ireland for sport, entertainment and media industry at Marsh, asks if we can expect the come…
AR consultation prompts stifling innovation concerns
A Financial Conduct Authority consultation on appointed representatives will tackle firms "circumventing" requirements, compliance consultants told Post, though concerns have been raised around barriers to entry and innovation.
Blog: What does VW Group’s €270m D&O payment mean for 'Dieselgate' D&O coverage?
The VW Group is looking to claw back €270m from its insurers in directors' and officers' claims but Guy Robson, partner at group action law firm Keller Lenkner UK, asks what this might mean for D&O insurance for vehicle manufacturers in the future?
FCA pledges more accountability after recent parliamentary criticism
The Financial Conduct Authority committed to becoming a more ‘innovative, adaptive and assertive regulator’ as it published its annual business plan.
Reinsurers face up to $400m bill for spectator free Tokyo Olympics
Reinsurers will see up to a $400m claims hit from a spectator free Tokyo Olympic Games, ratings agency Fitch has calculated.
Lloyd’s takes Eleanor Bucks from L&G as first CIO
Lloyd’s has recruited Eleanor Bucks from Legal & General for the newly created role of chief investment officer.
Flood Re confident on lowering levy to £135m for next financial year
Flood Re is confident that its build back better proposals and reduced insurer levy will soon get government approval, CEO Andy Bord has confirmed, as he detailed plans for the organisation to buy lower limits in its own reinsurance programme.
Somerset Bridge Group posts loss but rising Ebitda ahead of sale
Somerset Bridge Group has reported a loss after tax of £42.4m for the year ended 31 December 2020 ahead of being snapped up by Bermuda reinsurer Arch Re.
QBE’s Emma Higgins on the new way of working
After the insurance industry adapted quickly to operating remotely last year, it now faces the challenge of addressing new ways of working in the future, says Emma Higgins, chief human resources officer at QBE Europe.
Beazley adds Troy Dehmann as COO
Beazley has appointed Troy Dehmann as chief operating officer with immediate effect replacing Ian Fantozzi.
FM Global names Malcolm Roberts as CEO with Tom Lawson retiring at year end
FM Global has appointed executive vice-president Malcolm Roberts as president and elected him to the company’s board of directors as of 1 August ahead of succeeding Thomas Lawson as CEO from 1 January 2022.
Hopwood hails 'major coup' as Zurich joins Hedron’s panel
Zurich Insurance has joined the panel of Global Risk Partners-owned network Hedron, Post can reveal.
Regulators mull targets, disclosures and individual accountability to spur on D&I at financial services firms
Regulators are considering a range of policy options to boost diversity and inclusion in the financial services sector, including the use of representation targets and making senior managers directly responsible for D&I within their firms.
RMS appoints Jason Futers as MD for UK insurance
Jason Futers has rejoined RMS taking up the post of managing director of its UK insurance business replacing Richard Irwin who has retired.
Staysure acquires Rock, Esure joins forces with Minster Law, and Allianz invests in Heycar
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Swinton and Saga are Covid-19 consumer champions as service issues rise across sector
The Institute of Customer Services reports number of customers experiencing problems across insurance sector is on the rise.
Covid-19 pandemic drives Biba turnover down 36%
The British Insurance Brokers’ Association’s turnover fell by 36% in 2020, however, funds ticked up slightly to just over £4m in the period.
CII to start member consultation in September
The Chartered Insurance Institute has revealed that it will begin a membership consultation programme in September to be completed by the end of the year with the key findings to be published in the first quarter of 2022 followed by the professional body…
Lloyds Bank fined £90.7m for misleading customers in home insurance renewal letters
Lloyds Bank has been fined £90.7m by the Financial Conduct Authority for failures in home insurance renewal letters between 2009 and 2017.
PFS Solo activists call for fast release of CII AGM votes breakdown
Seven members of the PFS Solo campaign group have written to Sian Fisher, CEO of the Chartered Insurance Institute, calling for the voting details of the annual general meeting to be released this week.
Stuart Forsyth describes 'hellish experience' as Upper Tribunal overturns fine and ban by ruling against FCA and PRA
Stuart Forsyth, the former CEO of Scottish Boatowners Mutual Insurance, has called on regulators to “learn from the errors they made in my case and work to restore the faith of regulated professionals” as the Upper Tribunal overturned his fine and ban.
Insurers not bitter for time and costs lost after green card uturn as motorists will benefit
UK insurers that have issued 'thousands' of green cards and created portals and communications to allow UK motorists to continue to drive abroad after Brexit have supported the proposals to remove green cards despite the money already spent.