News
High Court gives go ahead to RSA takeover
The High Court of Justice in England and Wales has approved the takeover scheme that will lead to Intact and Tryg buying RSA.
Colm Holmes named Allianz UK CEO with Adam Winslow to step in at Aviva
Allianz Holdings CEO Jon Dye will step down in November 2021, with current Aviva CEO of general insurance Colm Holmes set to replace him and Adam Winslow to step in as UK & Ireland GI CEO at Aviva.
DLG in executive committee reshuffle
Direct Line Group will replace the chief operating officer position on its executive committee with two new roles.
Pen recruits Neil Bowdrey as first head of D&O
Pen Underwriting has appointed Neil Bowdrey to the newly created role of head of D&O as it looks to expand its presence in the directors’ and officers' insurance sector, Post can reveal.
MGA market trends to drive years of growth for independent program managers, says R&Q's Spiegel
Randall & Quilter expects its program management business to benefit from secular trends in the managing general agent market for at least the next five years, following a bumper growth year in 2020.
Post LIVE Tech: External technology providers are here to stay
External technology solution providers are here to stay as insurers ramp up their digitisation agendas, representatives of two leading carriers said on Thursday.
Marsh McLennan receives Lord Mayor’s Dragon Award
Marsh McLennan has received the Lord Mayor’s Dragon Award for the social impact achieved through Surviving to Thriving – a strategic regional initiative developed by British Red Cross to support unaccompanied refugees and asylum seekers aged 11 to 25.
Post LIVE Tech: Pandemic an 'impossibly hard time' for some insurtechs
While some insurtechs have shone through the pandemic, others have been faced with mammoth difficulties around changing customer priorities and restrictions, a conference heard.
Allianz launches recycled parts digital platform; Howden acquires Medical Professional Risk Solutions; and Zurich UK doubles apprenticeship places
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Ardonagh recouped £22.75m from Bennetts sale
Ardonagh's first quarter results have revealed it was paid £22.75m for Bennetts, structured through a £1 sale price and the settlement of Bennetts' debt owed to the group.
Post LIVE Tech: Future proofing systems
Change is business as normal and insurance companies should be designing IT systems with flexibility rather than built to last technology, experts said at Post’s LIVE Technology conference.
Post LIVE Tech: More work for brokers to do on digital advice for SMEs
Speaking at Post’s LIVE Technology conference, Aston Lark CEO Peter Blanc flagged that more work needs to be done on providing SMEs with advice in a digital environment.
Huw Evans to step down as ABI director general
Association of British Insurers director general Huw Evans will step down from the trade association at the end of this year to join KPMG.
Ardonagh Global Partners recruits Morna Leather as CFO
Ardonagh Global Partners, the recently launched investment unit of Ardonagh, has appointed ex-RFIB leader Morna Leather as chief financial officer.
Crawford names Michelle Jarrard as chair
Crawford has made Michelle Jarrard non-executive chair of the board, replacing Charles Ogburn who remains on the board and will chair the compensation committee.
Analysis: The insurance domino that toppled Greensill
The founder of Greensill Capital pinned the blame for the finance firm's collapse on its insurers when addressing politicians last week.
Scor changes succession plan with Laurent Rousseau named to replace Denis Kessler as CEO
Laurent Rousseau, deputy CEO of Scor Global P&C, will replace Denis Kessler as Scor CEO instead of Benoît Ribadeau-Dumas with the move happening a year earlier than originally planned.
Watch Insurance Post's LIVE Technology conference today
The Insurance Post LIVE Technology Conference brings you the latest innovation occurring in the UK insurance sector. Our unmissable two-day agenda features technology and digital experts from across the sector to offer their guidance and knowledge to…
Reich targeting £120m GWP within five years
Reich is on track to hit its £100m of gross written premium target for 2022 and will push on to £120m over the next five years, CEO Simon Taylor told Post.
Cytora adds former Aspen boss Karen Green to advisory board
Commercial lines focused insurtech Cytora has appointed ex-Aspen UK CEO Karen Green to its advisory board.
Lemonade refutes activist short seller’s ‘security flaw’ allegations
Lemonade has denied that its website has a vulnerability that could enable people to enter and edit its users’ accounts without providing credentials, as alleged by an activist short seller.
Biba 2021: Training that could 'mould' people is counter-productive to D&I efforts
Insurers must hone in on specific areas of the business such as training to address diversity and inclusion deficiencies within the sector, a panel at the British Insurance Brokers' Association has said.
Climate stress tests not a 'capital generation exercise': BoE's Claus
The Bank of England’s forthcoming climate stress tests of the UK financial services sector have been designed to provide a view of “the size of the adjustment that is needed”, regulators told an industry summit on Thursday.
First insurance ESG Framework unveiled; Ardonagh acquires Usay Gp; James Hallam adds trio of buys; and Right Choice completes Bennetts deal
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk