News
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.
Storm-related claims surge in Q4 2024
Verisk’s latest property report for UK claims has revealed a 62% surge in storm-related claims in Q4 2024 compared to the third quarter.
Motor finance delays causing FOS complaints backlog
The Financial Ombudsman has this morning revealed complaints for the financial year 2024/25 are still “significantly higher than in 2023/24”.
Direct Line swings back to profit
Direct Line Group has this morning (4 March) revealed it has returned to operational profit, with CEO Adam Winslow praising the “significant progress” made so far in “transforming the business”.
Home premiums ‘still need to go up’ says Aviva’s Storah
In a repeat of his calls last year, Aviva’s UK and Ireland general insurance CEO Jason Storah has said home insurance premiums “still need to go up further”.
Flood Re appoints CEO
Flood Re has hired Perry Thomas as its new CEO, effective immediately, subject to regulatory approvals.
Palestine Action targets Aviva for the second time
Palestine Action has targeted two Aviva offices in Scotland in the early hours of this morning (28 February), marking the group’s second protest against the insurer.
Allianz UK to drop LV brand in 2026
Allianz UK’s CEO Colm Holmes has confirmed to Insurance Post that the LV brand is to be dropped in 2026.
Admiral joins Build Back Better; PIB’s milestone; Lockton’s GM
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Compare the Market to allow providers to self-test
Ursula Gibbs, chief commercial officer of Compare the Market, has revealed the aggregator is “levelling the playing field” by giving 100% access to provider partners to self-service test.
Aviva’s Storah predicts volatility in commercial pricing this year
Speaking after Aviva announced its full year results, UK and Ireland general insurance CEO Jason Storah said rates are “lumpy”.
Aviva’s Morris calls for an end to building in flood zones
When it comes to helping households, communities, and businesses cope with the threat of climate change in the next decade, Owen Morris, managing director of personal lines at Aviva, said the UK must stop building in flood zones.
Axa’s PL growth held back by UK and Ireland
Axa has this morning published its financial results, revealing lower volumes in personal lines for the UK and Ireland.
Ageas grows UK business by 21%
Ageas Group has this morning announced its UK business grew 21% compared with the year before.
FCA CEO promises fewer large-scale changes for insurers
Nikhil Rathi, CEO of the Financial Conduct Authority, has promised to reduce unnecessary regulatory burdens and support growth of the insurance sector, with less large-scale rule changes in the next five years.
Aviva expects mid-2025 completion on DLG deal
As Aviva announces a 57% increase in operating profit for UK & Ireland general insurance, it has given a rough timeline of when it expects to complete the Direct Line Group deal.
Marshberry reveals the top 20 European insurance brokers
Over a quarter of Europe’s largest 20 brokers are UK domiciled with one of those businesses, Howden the second fastest growing intermediary on the continent, according to the latest European Insurance Distribution market report from Marshberry.
Admiral holds climate course as Trump takes office
Admiral Group chief sustainability officer Michelle Leavesley has doubled down on the insurer’s intentions to achieve its transition targets, despite the likely climate rollback in the US due to President Donald Trump coming into office in January 2025.
ABI appoints Phoenix’s Briggs as president
Andy Briggs, CEO of Phoenix Group, pictured, has been named as president for the Association of British Insurers for the next two years, replacing Zurich's Tim Bailey.
CII launches executive MBA in Islamic Insurance
The Chartered Insurance Institute and University of Greater Manchester have launched an Executive MBA in Islamic Insurance and Risk Management.
Court’s judgment will have far-reaching corporate insurance ramifications
The Court of Appeal has handed down its latest judgment in relation to Covid-related business interruption insurance claims, with some of its findings likely to have significant ramifications for commercial lines insurance more broadly.
Thatcham and Elixirr partner; Lockton’s facility; Cowbell joins ABI
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Direct Line dissolves internal incubator as part of cost saving
Direct Line Group has dissolved its ecosystems team, the part of the business that specialises in delivering new products for the group, Insurance Post has learned.