Lloyd’s/London
Analysis: Tapping into the returners talent pool
Post investigates whether the insurance industry is welcoming of returners who have had a career gap, assessing the programmes in place to support them and the range of skills, experience, motivation and fresh perspective that they can bring to an…
Aviva completes 'refocus' with sale to Allianz; Axa and Tesco join forces; Chubb takeover rebuffed and Bought By Many enters US
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Court case thwarted BI claims solution that was just two weeks away, says Ardonagh’s Ross
A coalition of brokers working with Hiscox was just two weeks away from solving the problem of Covid-19 business interruption claims but the court case cut the legs off the solution, Ardonagh CEO David Ross has claimed.
Aversion to spare capacity hurting resilience, Carnegie-Brown tells bioterrorism conference
Governments and businesses must overcome the “fundamental behavioural challenge” of building spare capacity to bolster resilience to events such as a bioterrorist attacks and future pandemics, Lloyd’s chairman Bruce Carnegie-Brown has said.
Tokio Marine HCC appoints Des Burke as CIO
Tokio Marine HCC International has hired Des Burke as chief information officer reporting to Thibaud Hervy, chief underwriting officer, specialty lines division.
Insurance lives in the Covid era - 12 months on from the first National Lockdown: Part Four
On the 23 March 2020 as Covid-19 infection rates soared Prime Minster Boris Johnson told us to “stay at home” triggering the first National Lockdown. One year on Post spoke to a host of insurance workers - the insurer boss, the broker boss, the insurer…
LMG names Wagstaff as interim CEO
The London Market Group has appointed communications specialist Caroline Wagstaff as interim CEO to replace outgoing boss Clare Lebecq on a part time basis from 1 April till the end of 2021.
Gurpreet Johal to lead Deloitte’s global reinsurance and London market team
Deloitte has named Gurpreet (Guru) Johal as UK and global sector leader for global reinsurance and the London market.
Q&A: Bill Pieroni, Acord
Bill Pieroni, CEO of global standards setting body Acord, discusses the findings of its research into UK personal lines websites and who is improving and why. He also tackles how the Covid-19 pandemic will change the market, reflects on his achievements…
Intelligence: Insurtech incubation during Covid-19
Covid-19 continues to wreak “profound damage” on the UK economy, according to Chancellor of the Exchequer, Rishi Sunak, but the country’s insurtech sector is staying strong and remains a much-needed beacon of hope
Hiscox promotes Isha Patel to head of direct commercial in UK
Hiscox has appointed its area director for the South, Isha Patel, as head of direct commercial in the UK.
Direct Insurance Group makes COO Tom Downs multi-million pound IT investment leader
Direct Insurance has named group chief operating officer Tom Downs as the leader of a multi-million pound investment in operations and IT to widen its digital capabilities.
Insurer results directory 2020
Updated: Post tracks the 2020 insurer results season including gross written premium and combined operating ratio - detailing the impact of UK business interruption, weather, motor, home, non-business interruption Covid-19 claims, as well as mergers and…
ERS raises $350m, confirms Kevin Kelley as non-exec chairman
ERS has completed a $350m (£252m) capital raise led by Boston based private equity firm Abry Partners, as it updated on its Bermuda ambitions and appointed Kevin Kelley as non-executive chairman.
QBE promotes Cécile Fresneau to run insurance division
Cécile Fresneau will take the helm of QBE European Operations’ insurance division, overseeing the business in Europe and international markets in addition to the UK, from the start of next month.
Analysis: The future of Lloyd's underwriting room in a 'hybrid world'
In February, Lloyd’s launched a consultation on the future of its famous underwriting room, inviting market participants to take part in “a once-in-a-generation opportunity” to shape the space going forwards.
For the record: Brightside sold to Markerstudy; Aviva acquires Axa XL HNW team; Aston Lark buys Bruce Stevenson and Inflexion invests in broking again
Post wraps up the major insurance deals, launches and investments of the week
Chaucer launches university scholarship programme
Chaucer has opened a scholarship programme to pay the university fees and living expenses of one school leaver for the duration of their degree.
'No magic bullet' to fix Covid-19 reputation hit, says Hiscox as it posts $268m loss
There is “no magic bullet” Hiscox can use to remedy the hit to its reputation suffered through the long-running disputes over business interruption cover, the insurer’s global retail CEO Ben Walter has said.
Andrew Horton to exit Beazley for QBE group CEO role
Andrew Horton is stepping down as Beazley CEO handing over to Adrian Cox ahead of becoming group CEO of QBE Insurance, the two insurers have confirmed.
PI Analysis: Construction sector locked out by high rising premiums
Many companies in the construction sector are struggling to obtain professional indemnity insurance cover, with the Grenfell Tower fire and the building safety crisis key drivers of premium hardening and exclusions.
Interview: Chris Croft, London & International Insurance Brokers’ Association
After a year dominated by the Covid-19 crisis and Brexit, Liiba leader Chris Croft discusses the future of the trade association and London Market with Emmanuel Kenning, his passion for the Americas and how he got into insurance after working on rail…
Blog: Inefficient methods have hamstrung how we do business for decades – there’s no going back now
Coronavirus has kickstarted a digital drive for businesses in the City and with light now at the end of the tunnel the insurance sector cannot revert to old ways, blogs Xceedance head of Europe, the Middle East and Africa Justin Davies.
Briefing: The professional indemnity stalemate
Professional indemnity has become a problem line for the market and the sectors it serves, with shrinking capacity and stricter underwriting terms in cases leaving professions feeling left out in the cold.