News
Regulation and cyber dominate in Biba's 2023 manifesto
The British Insurance Brokers’ Association has laid out increasing take-up of cyber insurance and reducing the cost regulation as top priorities for 2023.
Class uncovered as biggest barrier to insurance career progression - KPMG
Women from a lower socio-economic and ethnic minority background face the longest, hardest climb to the top of the insurance industry, a KPMG report has revealed.
Saga looking to offload underwriting business
Following reports suggesting that Saga is looking to sell off its entire insurance business to pay off a portion of its debt, the insurer has issued a statement.
SMEs focus on economic concerns as climate change fails to make priority list
Aviva’s third annual risk report has found that SMEs remain unconcerned with climate change, as economic turmoil continues to dominate.
Acrisure acquires Affinity; Aviva enters offshore wind market; Consilium appoints second CEO
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
NZIA issues target-setting protocols for net-zero transition
The Net-Zero Insurance Alliance has unveiled its first target-setting protocols in the transition to a net-zero emissions global economy. But not everyone is satisfied, with some saying the announcement is "devoid of any ambition".
State of the CII's finances revealed
Analysis: Following the allegations that the recent move by the Chartered Insurance Institute to appoint directors into the Personal Finance Society’s board was a “coup” to grab cash, Insurance Post takes a look at the institute’s finances.
Saga hacker releases more customer details including knighted actor
The hacker responsible for releasing five Saga Insurance customers’ information earlier at the weekend has released the information of more customers as negotiations, and investigations, continue.
Regulator rings alarm bells about ditching Solvency II
The Prudential Regulation Authority has warned MPs that ditching Solvency II requirements will increase the risk of an insurer going bust and the taxpayer being forced to pick-up the bill.
CII's Helen Phillips uninvited from local institute’s annual dinner
The Insurance Institute of Shropshire and Mid-Wales has uninvited Chartered Insurance Institute’s group chair Helen Phillips from their annual dinner, claiming the CII has “brought the profession into disrepute”.
Saga suffers ‘unusual breach’ where customers have credit card data leaked
Saga UK has been contacted by an alleged hacker who claims to have credit card information for a whole database of customers, however, question marks have been raised over the legitimacy of the claim.
Salvation Army launches £4 per month contents product addressing 'premium poverty'
With over a quarter of the 22.6 million households still without contents insurance, and with the cost of living crisis looming over society, low-cost and low risk products could start to make a comeback.
Aviva reshuffles claims legal panel; Minster Law partners with AA; Flood Re adds a NED
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Clyde & Co eyes further global expansion following DWF raid
Clyde & Co has expanded its product liability team expansion and plans for global growth in 2023.
Zurich Japan hit by data breach with 750,000 users’ info stolen
Zurich has confirmed that it has suffered a data breach where 757,463 users have had their data stolen.
Superscript says there is still appetite to fund insurtechs
UK-based insurtech Superscript has insisted its recent £45m fundraising shows there is still appetite to fund tech-led disruptors with "good business models".
CII accused of making confused calls for cash
The Chartered Insurance Institute’s executives made repeated and “confused” calls for cash from the Personal Finance Society’s board, according to the latter’s president and other sources close to the board.
Direct Line Group shares fall off a cliff as it scraps dividend for 2022
Direct Line CEO Penny James has announced that the board "no longer expects to declare a final dividend for 2022" after a significant increase in claims as a result of the prolonged period of severe cold weather in December, causing its shares to crash.
GRP buys Christopher Trigg; Aston Lark opens two regional offices; AIG appoints global head of distribution
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
CII finger pointing calls governance into question
Editor's View: Some insurers will have been pleased to see financial planners put in their place by the actions of the Chartered Insurance Institute Group’s board just before Christmas.
Sunak's plans to create more data analysts welcomed
Prime Minister Rishi Sunak’s plan to ensure all pupils in England study some form of maths until aged 18 has been welcomed by industry trade bodies.
Analysis: How to handle founders post-acquisition
Frances Stebbing explores what acquiring insurers can do to ensure the founder of the business they are buying remain on board or smoothly exit the organisation.
Insurance M&A activity slows in second half of 2022
Insurance merger and acquisition deal activity slowed significantly in 2022, hitting the lowest volume since 2019, according to an S&P Global Market Intelligence analysis.
Most-read insurance stories in 2022 revealed
The most-read Post stories of 2022 show what captured the insurance industry's attention as pandemic restrictions were lifted, inflation soared, many sectors went out on strike for improved pay and cyber-crime continued to escalate.