News Analysis
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.
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.
Pen invests in regional claims hub; Bikmo and Particle partner; Hedron Network appoints CEO from GRP
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Consumers oblivious to IPT, survey reveals
A Consumer Intelligence survey commissioned by Insurance Post has shown that insurance premium tax is both poorly understood and unpopular, with only 30% of adults aware of its existence and 71% against the burden of the tax being passed on to consumers.
FCA urged to elevate 'shockingly bad' quality of data use
The Financial Conduct Authority must tackle the “shockingly bad” use of data in insurance by setting qualification requirements for scientists working in the industry, according to Tom Murphy, founder of Machine Learning Programs.
RSA quickens the pace of race to net-zero
RSA has launched a low-carbon underwriting policy and committed to achieving an underwriting portfolio for energy production that is over 75% low carbon by 2030.
GRP acquires Flint; Volt partners with Laka; Premfina appoints chairman
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Analysis: Could PI receive clearer guidance on mixed injuries before year-end?
While there are no official test cases to provide guidance on handling mixed injury claims, defendant and claimant lawyers could see some much-needed clarity before the end of the year as two claims are leapfrogged to Court of Appeal.
Analysis: Amazon enters UK insurance not with a bang, but with a whisper
Amazon’s entry into UK insurance has been talked about for years. Has the announcement of the Amazon Insurance Store satisfied the industry-built expectations?
Stubben Edge and Helodrium join forces; Specialty MGA UK launches in London; PIB appoints group CFO
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Jensten buys Ravenhall; Six leave Ed for Consilium; HF moves to Media City
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Applied Systems looks to use US strength in mission to be ‘number one in UK’
Speaking to Post at the Applied Net conference in Nashville, CEO of Applied Europe, Tom Needs has said that having a US arm of the business allows the UK and Ireland to experiment and innovate more.
Clyde & Co enhances cyber offering; Axa Retail launches digital-only brand; Allianz welcomes 37 flexible graduates
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Industry responds 'sensitively' to event cancellation in wake of Queen’s death
Organisers have seen many of their events cancelled since the Queen passed away earlier this month, despite clear guidelines from the government. However, the insurance industry has responded to these cancellations with sensitivity
Insurance industry remembers Her Majesty The Queen
The insurance industry has been remembering Her Majesty Queen Elizabeth II after she sadly passed away at Balmoral.
Howden Re and Tiger Risk create 'largest MGA'; Aston Lark Ireland makes another purchase; Gallagher appoints claims director
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Analysis: Reinsurance in a critical period after showing signs of resurgence
As reinsurers head to Monte Carlo for the annual Rendez-Vous de Septembre , Post reviews recent market reports, where reinsurers have been advised to "lean into the market" after years of struggle.
Gallagher partners with Novidea; Zego teams up with QBE; Markerstudy appoints head of fraud
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Analysis: Tough times ahead in the inflationary storm
With the UK inflation rate hitting a 40-year high of 10.1% and claims costs rising, Post investigates what is steering this inflation, and what the industry is doing to mitigate the pressures that come with it.
Marsh launches hydrogen product; Seventeen Group makes two acquisitions; Home insurance premiums fall slightly
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Swiss Re loses discrimination case after boss made sexist remarks to underwriter
A former junior underwriter at Swiss Re has won her sexual discrimination suit against the company, after she was wrongfully dismissed following sexist comments from her boss.
Self-driving cars could be on the road ‘next year’ under government plans
The government has pledged £100m to “revolutionise travel” and see automated vehicles on the road by 2025, but some vehicles with self-driving features could be operating on motorways within the next year.
Insurers warned to 'stop relying on consumer data' as opportunistic fraud booms
The insurance industry has been warned to move away from data that is susceptible to manipulation, and to focus more on “accurate, trusted data” as it grapples with opportunistic fraud activity as the cost-of-living crisis increases pressures on the…
Imprisoned underwriter ordered to pay Axa XL £6.5m
A disgraced, imprisoned underwriter, who funnelled millions of pounds out of contracts with Axa XL has been ordered to pay £6.5m back to the insurer.