Articles by Scott McGee
Aviva confirms Lloyd’s return with £242m Probitas deal
Aviva has struck a deal to acquire Probitas, confirming its return to Lloyd's this morning (4 March).
Motor insurance ‘as affordable now as it was in 2018’
Sabre CEO Geoff Carter has said that the burden of paying for motor insurance premiums is no worse now than it was in 2018.
Consumer Duty will be a success ‘when we stop talking about it’
According to a panel at the Association of British Insurers’ annual conference, the Financial Conduct Authority’s Consumer Duty has a way to go before it is considered a success.
Insurance is ‘inherently discriminatory’, says White
Axa’s UK CEO Tara Foley has said the protection gap is “very real”, while Stella’s founder and CEO Sam White believes the industry is “inherently discriminatory”, even if it does not intend to be.
Allianz boasts 65% profit resurgence
Allianz Holdings has posted a 65% jump in operating profit in 2023, after 2022’s result was less than half the year before.
Are we looking at fraud wrong? And is AI to the rescue?
News Editor’s View: Fraud has long been a scourge of the insurance industry, and with £1.1bn of fraud still going undetected, Scott McGee asks: “Could AI be an avenue to revolutionise fraud and the way the industry approaches it?”
Axa points to pricing for GWP and revenue uplift
Axa has reported a 7% increase in its global P&C book thanks to “favourable price effects” throughout all geographies and business lines.
Q&A: Stuart Kilpatrick, Burns & Wilcox
Stuart Kilpatrick, managing director of Burns & Wilcox UK, tells Insurance Post about the post-Biba conference pivot the business has undertaken, plans to create a specialist business in the UK, and how it "doesn't matter” where his staff work.
Insurance surge brings Money Supermarket record revenue
Increased premiums meant consumers shopped around more in 2023, which means Money Supermarket's insurance revenue increased 28% in 2023, leading to the group generating “record revenue”.
Aviva to return to Lloyd’s ‘by the end of the year’
Aviva will be in Lloyd’s by the end of the year, after years of rumours suggesting the insurer's return to the marketplace, a source has told Insurance Post.
Nigel Walsh named global head of insurance at Google Cloud
Walsh revealed in a LinkedIn post that he was starting his “next chapter at Google Cloud”.
SSP in a ‘process’ to rebuild trust with clients
Following a data breach in November 2022, as well as other disruptions over the past few years, SSP has been investing in its security measures and is currently in a process to rebuild trust within the industry
Aviva looking to expand in London Market and specialty lines
Following an internal restructure and a business simplification exercise, Aviva is looking to expand its presence in the specialty and London Markets.
Insurers agree to pause Gap sales amid FCA probe
Multiple insurance firms have agreed to pause sales of guaranteed asset protection insurance, following a request from the Financial Conduct Authority.
Zego co-founder Harry Franks departs insurtech
Zego co-founder and former CEO Harry Franks has stepped away from the insurtech, Insurance Post can reveal.
Lee Mooney to leave RSA after 26 years
RSA has today announced that Lee Mooney will leave the business after more than 26 years at the insurer.
Howden increases global revenue by a third
Howden has announced further growth for the year ending 30 September 2023, fuelled by 56 acquisitions across the globe.
Was the Amazon Insurance Store doomed from its launch?
Briefing: After 15 months, the Amazon Insurance Store is coming to an end. Scott McGee asks the question: ‘What went wrong?’ and ‘Was it doomed from the outset?’
Ardonagh/Markerstudy merger faces CMA investigation
The Competitions and Markets Authority has today (31 January) opened up an investigation into the proposed merger between Ardonagh’s Atlanta Group and Markerstudy.
Gracechurch announces Claims Quality Marque achievers
Ten insurers within the London Market and three regional market insurers have been awarded Gracechurch’s Claims Quality Marque.
Big Interview: Clear Group CEO Mike Edgeley
Three years into his role as CEO, and 18 months on from the investment from Goldman Sachs, Clear Group CEO Mike Edgeley speaks to Scott McGee about his military background and how the broker’s growth is "not just about scale".
Is Biba right to worry about personal lines broking?
News Editor’s View: After the British Insurance Brokers' Association asked personal lines insurers to commit to the broking channel, Scott McGee looks at what has got brokers spooked, and what action needs to happen in order for a fruitful future.
Amazon to close down Insurance Store
Just 15 months after its October 2022 launch, Insurance Post can reveal that Amazon is closing down its UK Insurance Store.
Fraud ring uncovered by Keoghs and major retailer
Following a three-year investigation, Keoghs and an unnamed major retailer have exposed and convicted a sophisticated fraud ring.