News
Hiscox UK names Louise Marling COO
Louise Marling, formerly Hiscox UK interim change director, has been appointed as the insurer’s chief operating officer.
Government urged not to rush whiplash reforms
With an April 2021 launch date still on the table for the small claims portal, the government has been urged to do it right rather than “rushing” it.
Travelers and QBE face Stonehaven train crash liability claims
Third party liability claims arising from August’s Stonehaven train crash in Scotland will fall to either Travelers or QBE, broker letters reveal.
Lloyd’s bosses bombarded with ‘calendar jam’ as insurers targeted on Twitter
Apollo ruled out further dealings on Adani projects as climate campaigners hit Lloyd’s insurer CEOs with calendar invites and targeted companies on social media.
CHO chair Kirsty McKno to bow out
Credit Hire Organisation chair Kirsty McKno will step down in November, with a strategic board set to take over.
Minster Law posts £1.1m profit as it launches digital claims portal
Minster Law has reported a £1.1m profit for 2019 as it launches a digital claims portal to 75% of its customers.
Solvency II review to be tempered by equivalency considerations
Possible changes to the prudential regulations governing UK insurers could be limited by a desire not to stray too far from the EU’s Solvency II regime, a partner at Mazars has told Post.
Mactavish appoints former Aston Scott CEO Heidi Carslaw as MD
Mactavish has appointed Heidi Carslaw, formerly CEO of broker Aston Scott, as managing director.
Peter Zaffino to succeed Brian Duperreault as AIG CEO
Peter Zaffino, AIG president and global chief operating officer, will succeed Brian Duperrault as AIG CEO in March 2021.
Climate activists plan day of digital disruption to Lloyd's
Climate campaigners from across the globe will join a digital protest calling on Lloyd’s to “act on the climate crisis, not act as the last refuge for climate wreckers like Adani to secure insurance”, with thousands of participants expected.
Fully Comp episode 5: The insurance challenges of automated lane keeping systems
Welcome to the fifth episode of Fully Comp, Insurance Post’s new regular video series tackling some of the biggest issues in insurance.
Lloyd's survey: Seven in ten black participants say they face recruitment barriers
Lloyd’s diversity survey found that 71% of black employees say they have faced barriers to recruitment and 80% believe they experience barriers to promotion once in the role.
Aviva censured over ‘serious but not intentional’ preference shares breach
The Financial Conduct Authority has publicly censured Aviva for a 2018 announcement that the regulator found “had the potential to mislead the market”.
Lockton denies fraud as Axa hit with legal action
Broker Lockton has denied acting fraudulently regarding a property developer’s claim, as fresh legal action was brought against insurer Axa.
Analysis: Cladding, waking watches and PI - the ongoing fire safety liability battle
Insurers are facing criticism from residents of high rise buildings over insurance costs, waking watch requirements and taking an overly "binary" approach, while professional indemnity insurance access is driving a fire risk assessor crisis.
Zurich, Ecclesiastical, Ageas and Aviva discussed the future of claims management
There has been a lot of talk about how the March lockdown has acted as a trigger for insurance businesses to review processes throughout their organisation from the perspective of a ‘new normal’ – where customers and employees alike are living and…
Insurtech Cytora unveils £2000 travel perk as it switches to permanent home working model
Commerical insurance focused insurtech Cytora has moved to a remote-first set-up for employees including a £2000 annual budget for each member of staff to spend on travel within the UK and around the world.
Aon, Allianz, Aviva, Convex, Direct Line, Gallagher, LV, Marsh, Munich Re and Zurich dicuss the future of work
Last week Insurance Post ran its first Future of Insurance Work event which gathered over 40 insurance executives together to share their thoughts on what seems to unquestionably be the hot topic of 2020.
No discount rate change for NI yet as country looks to Scottish model
The Department of Justice for Northern Ireland has decided against changing the country's personal injury discount rate until a revised legal framework is in place.
QBE makes Richard Pryce interim CEO as Pat Regan successor search continues
QBE has appointed Richard Pryce as interim group CEO as it continues the process of finding a replacement for Pat Regan who left abruptly at the start of September after an investigation into “workplace communications”.
Other insurers unlikely to intervene after RSA declines to appeal 'outlier' Marsh BI wording, say lawyers
RSA’s decision not to appeal the High Court’s rulings with regards to a widely-used Marsh wording is unlikely to result in another insurer launching an appeal of its own, with would-be interveners facing significant hurdles according to lawyers.
Bought by Many confirms name change outside of the UK
Pet insurance provider Bought by Many will be changing its branding to Many Pets in markets outside of the UK, chief financial officer Luisa Barile told Post.
Applied targets UK market leadership within five years
Applied Systems has a three to five year strategic plan to take “significant market share” in the UK and Ireland and become the market leader in the software sector, according to Europe CEO Andy Fairchild.
Fully Comp episode 4: Can London’s Square Mile bounce back after the pandemic?
Welcome to the fourth episode of Fully Comp, Insurance Post’s new regular video series tackling some of the biggest issues in insurance.