Commercial
ABI reports fraud at lowest level since 2007; Axa relaunches British Gas cover; Getsafe extends Series B; and Lockton acquires
Post wraps up the major insurance deals, launches and investments of the week.
Unpredictable weather and energy transition driving property risks uncertainty, insurers caution
As climate change takes hold, the risks faced by commercial properties may be exacerbated not only by more severe weather, but also by measures taken to transition to a greener energy production, insurers said at this week’s Airmic conference.
Insurer cyber capacity continues to dwindle as demand grows, say brokers
Interest in cyber insurance among large businesses continues to grow, but cover may prove more difficult to come by as insurers limit capacity and reinsurers put their foot down.
Airmic panel’s appeals for partnership draw anger at conference
Senior insurance industry figures were drawn into a frank discussion of how the sector could better work with clients on Wednesday, after a pointed question from a risk manager following a panel discussion at the Airmic conference in Brighton.
Aviva teams up with Thomas Miller Specialty Construction
Thomas Miller Specialty Construction has partnered with Aviva in a three-year deal to provide capacity for its latent defect offering for commercial developers operating in the mixed use development market in the UK, Post can reveal.
Editor's comment: The ups and downs of 2020
2020 was a year of ups and downs for everyone. The Covid-19 pandemic struck, lockdowns began, and many were separated from loved ones. But kindness prevailed, communities were reunited, people met and talked to their neighbours. Home schooling took its…
Top 100 UK Insurers 2021
Covid-19 had the biggest impact on insurers in 2020. Commercial lines insurers suffered while personal lines insurers broadly benefited according to William Keen-Tomlinson, senior financial analyst in London for AM Best.
Marsh Commercial names David Bruce CEO
Marsh has promoted David Bruce to CEO of Marsh Commercial, with Anthony Gruppo set to retire from the industry.
Rishi Sunak backs AR reform review in wake of Greensill
Chancellor of the Exchequer Rishi Sunak has backed a review of reforms to the appointed representatives regime in his response to a committee of MPs looking at Greensill Capital’s collapse.
Interview: Adam Winslow, Aviva
Adam Winslow, UK & Ireland GI CEO at Aviva, talks to Stephanie Denton about commercial growth, meeting high standards and getting the triangle right.
McLarens creates head of data and analytics role
McLarens has appointed Jennifer Barclay to a newly created leadership role as global head of data and analytics strategy.
Treasury committee seeks answers from big tech firms on economic crime
Treasury Select Committee chair Mel Stride MP has written to Google, Ebay, Facebook and Amazon with a series of questions relating to their policies and actions to combat economic crime, prevent fraud and protect consumers.
Chaucer appoints Xamira Groves as head of insurance
Xamira Groves has joined Chaucer from Axa XL as head of insurance.
Blog: The villain of the piece - Insurers cannot bear the risk of ESG change alone
Insurers have the opportunity to help drive global change but they cannot do it alone, blogs Kennedys partner Fleur Rochester.
MUM the ideal complementary buy, says Pen boss Tom Downey
Pen Underwriting has bought Manchester Underwriting Management for an undisclosed sum adding 50 staff and over £60m of gross written premium to the Gallagher-owned managing general agent.
Parhelion adds David Foreman as chair
Howden-backed Parhelion has appointed industry veteran and founding member of Ark Syndicate Management David Foreman as chair.
Outgoing CII CEO Fisher praised for modernisation efforts
Sian Fisher had considerable success modernising the Chartered Insurance Institute during her time as CEO and the next leader needs to build on the foundations she has created, according to a range of insurance experts.
Interview: David Williams, Axa UK
After 41 years with the provider, managing director of underwriting and technical services David Williams is leaving Axa UK at the end of December. He spoke with Post about the timing of his departure, what comes next and reflected on his time in the…
Hiscox’s Andrew Mitchell on making an exhibition again at long last
The fine art market is in resurgence after a bleak 18 months and the bumper calendar of blockbuster shows will enable Lloyd’s to show its unique value, says Hiscox UK line underwriter for art and private clients Andrew Mitchell.
Admiral, Covea and Hastings back Drive Score launch; Abacai teams up with Ticker; Bollington to rebrand under Gallagher; Aviva extends Founders Factory tie-up; and Cover Genius seals Series C raise
Post wraps up the major insurance deals, launches and investments of the week.
Minster Law strikes deal for Irwin Mitchell's fast-track PI business
Minster Law has reached an agreement to take over Irwin Mitchell’s fast-track personal injury business with intentions to “lead consolidation in the market”.
Covéa talks to buy Axa XL Re fall through: report
Covéa has failed to secure a deal to buy Axa XL Re, Post’s sister title has reported.
Brokers foresee disruption from Amazon business insurance deal but no reason to panic
Amazon Business’ partnership with insurtech Superscript has the potential to bring an element of disruption and grab niche market share by meeting demands but advice is still key for corporate SME business, according to experts.
Trade bodies collaborate on product governance amid concerns of sluggish progress
Insurance industry trade bodies are working to agree templates for information sharing between firms to enable them to more easily come into line with the Financial Conduct Authority’s enhanced product governance rules.