News
ManyPets expects to post profit after £31.4m loss
ManyPets expects to post a profit for the last few months after making a £31.4m loss in the year to 31 March 2024.
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.
Experts find ‘shortcomings’ in Aviva tree removal evidence
A community-backed investigation into Aviva’s plans to fell a 150-year-old oak tree in Wivenhoe, Essex has identified “shortcomings” in the insurer's evidence, with multiple experts recommending underpinning of affected properties as the preferred…
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.
Zego posts two profitable quarters
Zego has achieved two consecutive quarters of profitability after posting a £34.5m loss in 2023, Insurance Post can reveal.
Arron Banks running for mayor of the West of England
Insurance veteran Arron Banks is The Reform UK party mayoral candidate for the West of England.
Access deal; Clearspeed’s work with 1st Central; Lockton’s risk lead
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Treasury brands Civil Liability Act a success
HM Treasury has patted itself on the back for the impact of the Civil Liability Act 2018, claiming policyholders pay lower insurance premiums thanks to the legislation.
RSA transforms claims tech to dominate commercial lines
RSA’s technology-enabled claims service improvement is “central” to its goal of becoming the number one commercial lines insurer in the UK, according to commercial claims director Lee Dainty.
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.
Guidewire buys pricing software provider Quantee
Guidewire has bought insurance pricing software provider Quantee, after insurers asked the platform provider “to solve the problem in a cohesive and seamlessly integrated way”.
Q&A: Sivan Iram, Flow Specialty
Sivan Iram, CEO and co-founder of Flow Specialty, shares with insurance Post the reasoning behind launching an artificial intelligence broker agent, as well as how the firm retains its quality.
Spring Statement 2025: What insurers should know
Chancellor Rachel Reeves delivered her 2025 Spring Statement today (26 March) with a mix of spending cuts, investment pledges, and economic forecasts.
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.
Ardonagh close to securing $2.5bn to fund expansion
The insurance broker is reportedly nearing an agreement to raise as much as $2.5bn (£1.9bn) from investors, which will help fund growth.
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…
FCA unveils new strategy to ‘support growth’
The Financial Conduct Authority has launched a new five-year strategy that the regulator’s chiefs claimed will “deepen trust, rebalance risk, support growth and improve lives”.
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”.