News
Ageas CEO reveals plan to become top three personal lines player
Ant Middle, CEO of Ageas UK, has revealed how he intends to turn the provider into a top three personal lines player and shared whether he will buy another rival to achieve that goal.
Clyde & Co calls on insurers to reinforce cyber security guidance
Ian Birdsey, cyber specialist partner at Clyde & Co has called for insurers to echo legal cybersecurity recommendations to clients.
Q&A: Chaz Perera, Roots Automation
Chaz Perera, CEO and co-founder of Roots Automation, tells Insurance Post about the firm’s generative artificial intelligence model specially trained for insurance InsurGPT and the challenges in the industry this technology is primed to solve.
Cleaner caught in dirty £100K claim
Allianz UK and DWF Law resolved a more than £100,000 personal injury claim after the claimant was found to be fundamentally dishonest in her allegations.
FCA scraps name and shame proposals
The Financial Conduct Authority has scrapped plans to name and shame firms it is investigating and revealed it has “no plans” to progress its diversity and inclusion proposals.
Government to review Civil Liability Act as cost of OIC portal is revealed
Almost seven years after the Civil Liability Act received Royal Assent, Insurance Post understands the government is scheduling to do a full review of the 2018 legislation.
Allianz and Ageas to fight it out over Esure
Reports suggest Allianz and Ageas have appointed advisers in an attempt to win the Esure business.
FCA pulls plug on insurance broker
George Baker (Insurance Brokers) Limited has had its permission to carry out regulated activities suspended for failing to pay regulatory fees.
Palestine Action targets Aviva in Manchester
Palestine Action has targeted Aviva’s Manchester office in its third consecutive day of action against insurers over links to weapons manufacturer Elbit Systems.
Zweibrucker confirms job cuts amid Axa Retail transformation
Alain Zweibrucker, CEO of Axa Retail has told Insurance Post that a ‘simplification’ of Axa’s business processes in 2024 resulted in job losses.
Direct Line shareholders approve Aviva takeover
Direct Line Group shareholders have today (10 March) approved the £3.7bn takeover from Aviva.
RSA’s Norgrove reveals ‘acquisition is on the radar’
Ken Norgrove, CEO of RSA UK and Ireland, has shared that while he mainly aims to grow the business in the UK and Ireland organically, he is also always on the hunt for consolidation opportunities.
Ola Jacob leaves Descartes for Global Parametrics
Ola Jacob has left Descartes Underwriting to become London Market business development director at Global Parametrics.
Ghost brokers ordered to pay back £376,000
A court has granted confiscation orders against two men who were convicted for their roles in a ‘ghost broking’ motor insurance scheme.
Allianz seeking legal action after two days of Palestine protests
After two days of protests from Palestine Action, a spokesperson from Allianz UK has confirmed the insurer will be seeking legal action.
Storm Éowyn losses pegged at ‘moderate’ £520m
Perils has this morning (10 March) disclosed its initial industry loss estimate for Storm Éowyn, which affected the Republic of Ireland, Northern Ireland and the Central Belt of Scotland from 24 to 25 January.
Court of Appeal overturns judgment in favour of insurer
The Court of Appeal has overturned a lower court judgment in favour of insurers, providing a clarification on the how the courts will interpret the Insurance Act (2015).
Mapfre Re x CyberCube; Specialist Risk Group buys broker; Hiscox’s chief auditor
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Career Returners programme could reduce Markel gender pay gap
Markel’s Career Returners programme could aid in reducing its gender pay gap, according to head of diversity and inclusion Julie Humphreys.
CII to overhaul qualifications
The Chartered Insurance Institute intends to ditch three-hour examinations and overhaul all 115 units, plus around 50 qualifications in the next couple of years.
FSCS hires Martyn Beauchamp as CEO
The Prudential Regulation Authority and Financial Conduct Authority have appointed Martyn Beauchamp as CEO of the Financial Services Compensation Scheme.
Acorn’s CEO seeks fresh finance for growth plans
Mike Lloyd, CEO of the Acorn Group, has responded to rumours the non-standard motor and home insurer is up for sale, and confirmed he is seeking finance to grow the business.
Admiral chiefs share thoughts on Aviva/DLG deal
Admiral’s CEO and CFO have said they are keeping a “close eye” on how Aviva’s acquisition of Direct Line Group develops, but insist the business will not be making any reactionary changes.
Admiral almost doubles profit as UK customer numbers surge
Admiral Group has this morning (6 March) revealed it grew it's pre-tax profit by 90% in 2024 compared with 2023, while UK insurance customers grew by a fifth.