News
View from the top video: Moving from banking to insurance with Tara Foley, CEO, Axa UK Retail Insurance
In this exclusive interview recorded as part of the Insurance Post Live Annual Conference 2021 Tara Foley, CEO, Axa UK Retail Insurance, reflects on her first six months in the insurance industry.
Tesco Underwriting recruits ex-Saga and Broker Network boss Gary Duggan as interim CEO
Tesco Bank has appointed Gary Duggan as interim CEO of Tesco Underwriting and interim chief insurance officer of Tesco Bank.
FCA ‘Dear CEO letter’ warns brokers about client money amid concern of widespread non-compliance
The Financial Conduct Authority has issued a stark warning to brokers about client money shortcomings it has seen in the market stressing that it will take action.
Intelligent AI appoints ex-RSA leader Neil Strickland as CCO
Insurtech Intelligent AI has appointed Neil Strickland, former customer experience director at RSA, as chief commercial officer.
Google reveals FCA authorisation ad rule to target scammers
Google’s decision to only allow regulated firms to place financial services adverts targeting UK consumers has received a measured response from the Financial Conduct Authority, while a law firm has warned the devil will be in the detail.
Aviva tops inaugural ESG scoring index
Aviva achieved the best environmental, social and governance sentiment in the first quarter of 2021, according to a new benchmark from business intelligence firm Alva.
Climate Wise outlines priorities; WTW claims Lloyd's digital first with Ki; AIG publishes ESG report; Freedom secures funding
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
MS Amlin Underwriting appoints James Maxwell as interim CRO
MS Amlin Underwriting has recruited James Maxwell as interim chief risk officer to replace Vishal Desai who is leaving the company for personal reasons.
ABI looks to board reform as it names first president
The Association of British Insurers is recruiting an independent chair and independent non-executive director and has selected a president and deputy president for the first time.
Samengo-Turner appointed Marsh UK specialty CEO as Moody moves to Guy Carpenter
Dominic Samengo-Turner has been appointed CEO of Marsh specialty UK and Ireland replacing Paul Moody who is moving to become UK CEO of Guy Carpenter.
EU scraps mandatory green cards for UK motorists
The European Commission will waive the obligation for motorists from the UK to show green cards, a move that has been welcomed by insurers.
CII AGM resolutions pass but organisation declines to hold no confidence vote
The Chartered Insurance Institute opted not to put two motions to members at its annual general meeting yesterday that called for a halt to the implementation of the 2016 strategic manifesto and for a vote of no confidence in CEO Sian Fisher.
Gallagher confirms personal data accessed in cyber attack
Gallagher is notifying “potentially affected” individuals and entities after an investigation showed systems affected by last year’s cyber incident held medical information, credit card information and more.
Government watching Bill to remove effects of Vnuk ruling 'with interest'
A Bill that aims to remove the effects of the European Court of Justice’s controversial Vnuk ruling from British law has been introduced to parliament.
Covéa expected to do 'anything and everything' to make an Axa XL Re deal happen
Covéa is reportedly mulling a third attempt in four years to buy a reinsurer as it eyes Axa XL Re, with experts noting the insurer would look 'pretty hapless' if it failed to get another deal over the line.
Peter Blanc elected CII president
The Chartered Insurance Institute has named Aston Lark CEO Peter Blanc as president for 2022.
Ardonagh to launch reinsurance broker Inver Re
Ardonagh is looking to launch a reinsurance broker in the second half of the year following its purchase of BGC's insurance business.
Jensten Group adds £50m GWP with 'slam dunk' Tasker acquisition
Jensten Group has acquired Tasker Insurance Group for an undisclosed sum, adding businesses to its retail broking, wholesale broking and managing general agent divisions.
QOCS comes into force in Scotland prompting claims uptick concerns
Insurers are expecting claims volumes to rise in Scotland as Qualified One Way Costs Shifting goes live.
CII members push for AGM motions to suspend body's CEO and manifesto
The Chartered Insurance Institute has received a request for motions to be tabled at its annual general meeting that call for the body’s strategic manifesto to be suspended and audited and for the suspension of CEO Sian Fisher.
Brokers 'essential' to Aviva’s growth plans says Winslow
Adam Winslow, UK & Ireland general insurance CEO at Aviva, has confirmed the insurer’s commitment to brokers as it looks to commercial growth.
CMC fined £110,000 for nuisance calls
Claims Management Company Crosfill & Archer Claims has been fined £110,000 by the Financial Conduct Authority for historic unsolicited telemarketing calls.
Markel names Wilson as Stovin's successor
Markel has appointed Simon Wilson as the next president of its international insurance division, succeeding William Stovin.
Competitors see opportunities as Aon-WTW delay risks leaving the brokers in 'no man’s land'
Further delays to the Aon-Willis Towers Watson merger caused by the decision by the US Department of Justice to file a civil antitrust lawsuit to block the transaction will lead to opportunities to snap up staff and clients, according to UK brokers.