News
FCA takes trio to court for arranging vacuum cover
The Financial Conduct Authority has started criminal proceedings against three individuals accused of arranging insurance cover for vacuum cleaners without the regulator’s permission.
Esure claims head tells insurers to ‘set the tone’ for supply chain ESG
Esure chief claims officer Anton Ossip has called for insurers to “set the tone” for suppliers trying to improve their environmental, social, and governance credentials.
ManyPets exits US market
ManyPets has exited the US market to focus on the UK, after exiting the Swedish market last year.
FCA re-opens commercial lines rules consultation
The Financial Conduct Authority has “partially re-opened” its consultation about overhauling rules for commercial lines and bespoke insurance, in a bid to get more data from providers and brokers.
McMillan insists 2024 results ‘will be best in Esure's history’
David McMillan, group CEO of Esure, has predicted that the insurer’s 2024 financial results will be “the best in the company’s history”.
Antares launches UK insurer to tap into MGA market
Antares has launched a UK-based insurer, which will form part of a new retail division focused on business written primarily through established managing general agents.
Lloyd’s appoints Aviva’s Adams as chief people officer
Lloyd’s has appointed Nathan Adams as its chief people officer, replacing Sara Gomez who will be retiring at the end of the year.
Aviva pulls plug on Applied Systems pilot
Insurance Post can reveal that just six months after entering a pilot with Applied Systems for its property owners product, Aviva has pulled the plug, saying the results “do not justify the ongoing investment”.
Aon to acquire PI specialist Griffiths & Armour
Aon has signed a definitive agreement to acquire professional indemnity specialist insurance broker Griffiths & Armour.
CrowdStrike event focuses minds on cyber ‘grey rhinos’
July’s CrowdStrike outage has trained the attention of companies buying cyber insurance and the industry itself on the spectre of systemic, high-impact events with potentially catastrophic consequences.
Tesco merges insurance and money services following Barclays sale
Tesco has sold its banking operations to Barclays, the firm confirmed this morning in a press release.
Aviva’s travel tool; Questgates acquires firm; Aon’s space leader
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Allianz and Aviva reportedly considering Esure bids
According to a report by Bloomberg, both Allianz and Aviva are considering bids for Esure, which has been owned by Bain Capital since 2018.
More climate protestors arrested after climbing Walkie Talkie
Three Extinction Rebellion protestors climbed the Walkie Talkie building yesterday (30 October) as part of the Insure Our Survival week of action.
Seven takeaways for the insurance industry from Labour’s Budget
Chancellor of the Exchequer Rachel Reeves delivered the hotly anticipated first Budget of the new Labour government on Wednesday afternoon. Insurance Post picks out the most eye-catching points for the insurance industry.
Six Extinction Rebellion protestors arrested for defacing WTW building
Six Extinction Rebellion protestors were arrested yesterday (29 October) after defacing the WTW building at 51 Lime Street.
Post-pandemic supply-chain issues beginning to ‘stabilise’
Aviva's technical claims manager Martin Smith has told Insurance Post that supply-chain issues caused by the pandemic and the war in Ukraine have ‘stabilised.’
Allianz, RSA and Zurich to debate threat of AI in insurance fraud
With digital manipulation threatening to put additional pressure on claims handlers, as deception becomes harder to spot.
Clear enters Lloyd's market with £76m acquisition
Goldman Sachs-backed Clear Group has entered the Lloyd’s market by making Lilley Plummer Risks its largest acquisition to date.
Allianz sees off theatre group's appeal in BI dispute
The Ambassador Theatre Group has lost its appeal against its insurer Allianz over Covid-related business interruption cover.
Extinction Rebellion leaks insurance CEO contact details
Extinction Rebellion has shared the contact details of insurance CEOs and senior-level executives with protestors as part of its Insure Our Survival week of action.
Chaucer’s Nicola Stacey named next CII president
Chaucer chief underwriting officer Nicola Stacey has been elected as the next president of the Chartered Insurance Institute.
Climate activists launch week of action at Walkie Talkie building
Extinction Rebellion has targeted the Walkie Talkie building today (28 October) to kick off its Insure Our Survival week of action.
Ferma vice-president reports lack of ‘concrete action’ to aid net zero transition
Two years on from the Federation of European Risk Management Associations calling out insurers for not doing enough to support clients transitioning to net zero, the body’s vice president has said there has been a lack of concrete improvement.