Articles by Scott McGee
Esure CEO insists takeover talk isn’t distracting
David McMillan, CEO of Esure, has said market speculation about the business being up for sale has not distracted him or the provider’s staff.
Esure swings back into profit
Esure, which is currently rumoured to be the subject of a bidding war, has today (1 April) reported a profit of £126.8m for the year ending 31 December 2024.
Monzo launches contents insurance product
Monzo Bank has launched its insurance product, Monzo Contents Insurance.
Are pay freezes jeopardising broker staff retention?
With some insurers pushing for a full return to the office and pay increases failing to keep pace with inflation, Scott McGee explores how some employees are voting with their feet – and how the sector should rethink its approach to hiring and retention…
RSA axes up to 250 jobs in Peterborough
RSA is in the process of cutting about 250 jobs from its Peterborough office over the next two years.
Ardonagh boosts revenue as it completes more than 60 purchases
Ardonagh Group’s financial results for 2024 showed while total income grew by 24%, most of that was due to the 68 acquisitions the business made throughout the year.
Bspoke to exploit high-net-worth ‘complacency’
Bspoke Group CEO Tim Smyth has big ambitions for the company’s recently set up high-net-worth business, and plans on swooping in on the complacency of others within the market.
London Market arranges training to stamp out misconduct
Following the publication of the Financial Conduct Authority’s report on non-financial misconduct in the wholesale specialty insurance market, the Lloyd’s Market Association, International Underwriting Association, and London and International Insurance…
Howden ‘doubles employee benefits’ business with Barnett Waddingham buy
Howden has struck a deal to buy Barnett Waddingham, a UK professional services consultancy across risk, pensions, investment and insurance.
Zurich’s Clayton says let tech guide your fraud teams
Zurich’s head of fraud Scott Clayton has urged the industry to keep counter fraud a “people business”, but to allow technology to act as a guide.
London motor premiums fall by a fifth
The latest data released by WTW and Confused has revealed significant reductions in the average comprehensive motor premium, with London benefitting the most.
Fresh calls to scrap IPT surface after record receipts
Ahead of the Spring Statement later this week, there have been renewed calls for the government to reduce or totally scrap insurance premium tax in certain areas of the market.
Zego CEO predicts fully autonomous motoring ‘within 40 years’
Sten Saar, CEO of Zego, has said a “fully autonomous world is coming”, and that it will be here in 40 years as a “worst-case scenario”.
Heathrow blaze sees insurers brace for claims
A fire at a substation near Heathrow airport this morning (21 March) has left more than 1000 flights cancelled, meaning insurers are prepping for an influx of claims.
ABI Fire Safety Reinsurance Facility’s impact revealed
One year on from the launch of its Fire Safety Reinsurance Facility, the Association of British Insurers has provided an update on its impact.
ManyPets back in growth mode after pull backs
ManyPets group CEO Luisa Barile has revealed the pet insurance provider is “back in growth mode” following a period of scale backs.
Is the OIC portal a success after one million claims?
With one million claims submitted over four years at a cost of £47m to the insurance industry, Scott McGee asks: Has the Official Injury Claim portal been a success?
Sabre CEO calls for radical pricing changes
Geoff Carter, CEO of Sabre, has said two areas of business in which it operates are under-priced, and expects the market to increase prices soon.
Sabre doubles profit with improved COR
Sabre has doubled its pre-tax profit for 2024 compared with the year before, despite only increasing gross written premium by 5%.
Big Interview: Rob Organ, Jensten Group
Shortly after taking over as group CEO of Jensten, Rob Organ sits down with Scott McGee to talk growth, gaps and how the firm is no longer the “new kid on the block”.
Which? uncovers continued levels of ‘extortionate’ premium finance
Some car and home insurers are still charging high interest rates to pay monthly, research from Which? has found.
Markel merges three businesses and names Wilson as CEO
Markel Group has today (17 March) announced that the company's three primary underwriting businesses - Markel Specialty, Markel International, and Markel Global Reinsurance - will now collectively be referred to as Markel Insurance.
Howden preparing for US flotation with $10bn takeover
Reports have suggested Howden is closing in on a US-based flotation with a $10bn (£7.7bn) takeover of Risk Strategies.
IFB members to vote on expanding membership criteria
Members of the Insurance Fraud Bureau are to vote in early April on whether to expand its criteria for membership, Insurance Post can reveal.