News
Neil Manser named DLG CFO as Tim Harris retires
Direct Line Group has appointed Neil Manser as chief financial officer replacing Tim Harris.
Insurtech sector faces diversity crisis unless action is taken
Women are seriously under-represented within the insurtech sector and more needs to be done to ensure female founders can launch through fair access to funding and that firms do more to boost recruitment, including making senior appointments.
Biba 2021: FCA’s Matt Brewis says BI claims payments could have been made quicker post-judgment
While acknowledging the complexity around Covid-19 business interruption claims, an FCA representative has said he believes payments could have been made quicker following the January test case judgment.
Broker and insurer FSCS levies still up despite forecasts being slashed
The Financial Services Compensation Scheme has issued final levies for 2021/22 of £73.8m for brokers and £189.8m for insurers, down significantly on initial estimates but still up on this year’s bills.
Biba 2021: 'Unified action' needed to fix PI insurance problem
With professional indemnity insurance prices soaring, and insurers increasingly withdrawing cover, panellists at the British Insurance Brokers' Association conference called for insurers and brokers to collaborate to bring back value for customers.
Biba 2021: Key takeaways from John Glen's appearance
John Glen MP, Economic Secretary to the Treasury, tackled insurance premium tax, broker Financial Services Compensation Scheme levies, cladding, Brexit and more in his keynote address to the British Insurance Brokers’ Association’s 2021 conference…
Biba 2021: Biba extends conference for extra day
The British Insurance Brokers' Association will open its annual conference for an extra day, following difficulties accessing the virtual conference platform yesterday.
Biba 2021: 'Knee jerk' silent cyber reaction led to unintended consequences
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.
Colonial Pipeline: Cyber attack must be a 'wake up call' for insurance sector
The ransomware cyber-attack on the Colonial Pipeline that led to a shutdown of the 5500-mile-long fuel pipeline in the US should be a “wake up call” for all businesses and the insurance market, according to experts.
Biba 2021: The Future of Broking
Partners& CEO Phil Barton attacks scale-led consolidation and warns broking is “in a dangerous place” as an expert panel including Aon’s Julie Page, A-Plan’s Carl Shuker and Atlanta’s Ian Donaldson consider the future in a session chaired by Brokerbility…
Gallagher to pay $3.57bn for WTW assets including Willis Re
Aon and Willis Towers Watson have agreed to sell Willis Re and a portfolio of WTW assets to Gallagher for $3.57bn (£2.52bn) to help smooth their merger deal.
Biba conference website disrupted as trade body blames server issues
Delegates set to attend the British Insurance Brokers’ Association’s online annual conference have been unable to access the platform.
Contractors call for Artemis directors to be 'struck off' from insurer networks
Contractors and suppliers of failed Artemis Recoveries have called for its directors to be “struck off” from insurer repair networks after the company entered liquidation owing more than £553,644 to unsecured creditors.
Changes to small claims track limit branded 'token gesture'
The £500 increase to the small claims track limit for non road traffic accident-related claims has been branded a "token gesture" by an insurer claims boss, who flagged concerns that it may not stop claims management companies from bringing speculative…
Crawford promotes Parr to leadership team
Crawford has promoted Emma Parr to chief client officer for the UK and Ireland.
Axa XL, Allianz and Covéa discussed how technical debt is holding the insurance industry back
Post hosted a live webinar in association with Duck Creek Technologies, where an expert panel discussed how evergreen technology can deliver better customer experiences and help insurers to differentiate themselves in the market.
Biba Conference Special: Q&A with Steve White
Ahead of the British Insurance Brokers’ Association hosting its annual conference online for the first time ever, Post caught up with CEO Steve White to discuss what virtual attendees will see and hear about, the trade body’s ongoing lobbying and his…
Brendan McCafferty exits Markerstudy's Brightside with rest of senior leadership team to follow
Former Brightside CEO Brendan McCafferty has left the broker following its purchase by Markerstudy, with the rest of Brightside’s leadership team to follow and the possibility of role reductions for more junior staff, Post can reveal.
Marshmallow denies trade secrets theft and refutes Confused data rating engine claim
In an ongoing legal battle Marshmallow has hit back in its defence document against Mulsanne, denying that it used Mulsanne’s “confidential information” to build its underwriter’s ratings engine and rebuffing suggestions that its underwriting system was…
Axa XL adds Anish Jadav from Zurich
Axa XL has appointed Anish Jadav as chief underwriting officer for retail property and casualty in the UK and Lloyd’s market.
Up to 115 people at risk as Aviva reveals IT restructure
Aviva has confirmed that up to 115 people could be hit by changes to its IT teams as it moves to automate certain processes and increase use of outsourcing.
Insurance and accident-related nuisance calls fall during pandemic
Complaints about insurance-related nuisance calls and texts fell by 25% in 2020, though experts have warned that the trend could reverse as Covid disruption lifts.
Zurich promotes Hayley Robinson to group CUO
Zurich has appointed UK chief underwriting officer Hayley Robinson as group CUO.
RSA confirms takeover regulatory approval and posts best COR in a decade
The takeover by Intact and Tryg has cleared all the regulatory hurdles and should complete at the end of May, RSA confirmed as it posted a combined operating ratio of 86% for the first quarter of 2021.