Commercial
RSA CEO reveals plans for commercial lines after DLG deal
As RSA’s £530m purchase of Direct Line’s brokered commercial lines operations made the insurer the third-biggest player in this space, Ken Norgrove, CEO of RSA, revealed his plans to make further in-roads with the market's brokers.
RSA buys DLG’s commercial lines business for £520m
It was announced last night that RSA and Direct Line had struck a deal that both businesses claim will boost their bottom lines.
Unveiling the future of commercial insurance: education, engagement and technology
In the second instalment of the research series by Insurance Post and Crif, we explore how education, engagement and technology converge to shape a resilient future for commercial insurance.
Treasury's IPT receipts surpass £7bn
The Treasury collected a record £7.34bn in insurance premium tax receipts during the 2022/23 financial year, analysis by actuarial consultancy OAC has revealed.
How the circular economy will change insurance
As more manufacturers become involved with recycling and sustainable production, Brian Rainbow, UK property and package segment leader at CNA Hardy, considers the implications of the circular economy for the insurance industry.
S&P predicts cyber reinsurance rates to increase
S&P Global expects cyber reinsurance rates to increase as reinsurers look to return to profitability, but predicts primary underwriters won’t pass the rate increase on to customers.
Unveiling the future of commercial insurance: navigating risk, trusting data and empowering clients
Insurance Post, in partnership with Crif, conducted a comprehensive survey to explore the risks associated with the commercial insurance sector.
Simon McGinn appointed Dual UK CEO
Simon McGinn has been appointed as CEO of Dual Group’s UK business, as the Howden-owned managing general agent looks to more than double the premium it writes.
Lightweight concrete used in schools poses coverage questions
A construction material that has sparked widespread concern about the safety of school buildings could present insurance coverage challenges, were its use to give rise to claims.
Diary of an Insurer: HSB's Mat Prentice
Mat Prentice, cyber product leader at HSB, navigates 5am starts and studying in the evening while juggling training and presenting on the eve of a well-deserved family holiday.
Hemming appointed as Hiscox chief distribution officer
Hiscox has appointed former Aviva distribution boss Gareth Hemming as its UK chief distribution officer.
Updated – Insurer results directory H1 2023
Insurance Post tracks insurers' half-year 2023 results, including gross written premium and combined operating ratio.
Trade Voice: MGAA’s Keating on why these are exciting times for MGAs
Mike Keating, CEO of the Managing General Agents Association, says the sector remains buoyant.
Resilience to build out UK and Europe operations after $100m funding round
Cyber MGA Resilience is set to build out its operations in the UK and Europe following a $100m (£78.9m) Series D funding round.
Aviva’s Winslow reveals how provider is using AI
Adam Winslow, CEO of Aviva UK & Ireland general insurance, has revealed the provider is mainly testing artificial intelligence in the operational environment.
Diary of an Insurance PR: Full Circle’s Ant Gould
Ant Gould, director of Full Circle Communications, ghost-writes, pens press releases, reviews award entries and even puts on his tie to moderate an industry conference.
Oliver Wyman to rapidly build 'double-digit headcount' UK actuarial practice
Oliver Wyman expects to “quickly recruit a team with a "double-digit headcount” to its UK actuarial practice, the Marsh McLennan management consultancy has told Insurance Post.
Aviva chiefs reveal how the provider achieved 13% GWP growth
Aviva bosses have revealed the part rate and new product lines played in pushing general insurance premiums up 13% in the first half of 2023.
Embedded insurance: Blind to the risks?
Analysis: David Worsfold examines whether wrapping up insurance with other products risks obscurity, especially if there is a poor understanding of consumer behaviour in a digital environment.
Ecclesiastical sees surge in financial lines claims from charities
Ecclesiastical has received hundreds of financial lines claims from charities post pandemic with the provider predicting these organisations are seen as “easy targets”.
Insurance M&A activity continues to slow down
Lack of demand for insurtech businesses plus concerns about a target company’s data security resulted in less merger and acquisition activity in the UK in the first half of 2023, according to Clyde & Co.
Greensill administrators sue Zurich for unpaid trade credit claims
The administrators of Greensill Bank are suing Zurich, alleging the insurer wrongfully refused to pay claims under a trade credit insurance policy.
Is Hiscox no longer the big bad BI wolf?
Editor’s View: Scott McGee considers how lessons can be learned from how Hiscox, which bore the brunt of the initial reputational hit from Covid-related business interruptions claims, has moved on.
Allianz CEO anticipates 'strong rate' environment for rest of 2023
Colm Holmes, CEO of Allianz Holdings, has warned the insurance giant will need to continue to rate “to cover the impact of inflation” in the latter half of this year.