News
Zywave identifies lawsuits as growing source of cyber losses
Financial losses associated with cyber events that stem not from hackers themselves but from legal wrangling in the aftermath are increasing, according to platform provider Zywave.
Probitas CEO to retire a year on from Aviva acquisition
Probitas CEO Ash Bathia will retire at the end of July, with Aviva’s global corporate and specialty managing director Matthew Washington set to take the reins at the Lloyd’s insurer.
Axa UK reports £148m turnaround in underwriting fortunes
Axa’s UK general insurance operation returned to an underwriting profit in 2024, as its loss ratio plummeted nearly 16 percentage points.
Gallagher on the hook for up to £5m damages
The High Court has ruled Gallagher could owe damages of up to £5m to a housing trust due to its negligence resulting in its client missing out on data breach cover.
Commercial insurance rates fall 6% in Q1
UK commercial insurance rates fell 6%, on average, in the first quarter of 2025, according to the Global Insurance Market Index released today (24 April) by Marsh.
Admiral CEO outlines plan to become top five pet player
Admiral UK insurance CEO Alistair Hargreaves has revealed how the business will become a top five pet provider by the end of the year.
More Cowbell coming to UK insurance market
Managing general agent Cowbell has made its first move beyond the standalone cyber insurance market in the UK with the launch of a hybrid professional indemnity and cyber solution for technology firms.
Gibson and Johnson to exit Allianz following claims shake-up
Allianz’s commercial and personal lines claims heads are to leave the business Insurance Post can reveal.
CII won’t budge on CPD requirements for insurers
The Chartered Insurance Institute has insisted it won’t alter its continuous professional development requirements for members, even if the Financial Conduct Authority axes its training demands.
IPT receipts triple over the last 10 years
Insurance premium tax receipts stood at £61m in March 2025, bringing the full year total for the 2024 to 2025 financial year to a record £8.88bn.
Fake injury fraudster found out for fibbing
A claimant seeking more than £1.2m compensation from First Central for injuries allegedly sustained in a minor road traffic accident has had his entire claim dismissed.
Insurers question climate protest group claims
Claims made by the Boycott Bloody Insurance group against insurers such as Allianz, Axa, Aviva, Zurich and Intact have been called into question by several of the providers named.
Admiral Group to sell another US entity
Admiral Group has agreed to sell its US motor insurance business to JC Flowers & Co for an undisclosed cash consideration.
Brokers still looking to non-standard for growth
A broker survey taken by Prestige Underwriting has revealed a strong surge in demand across key non-standard home and motor segments.
Arch GWP falls due to Gap pause and softening rates
Arch’s UK insurance company saw gross written premiums tumble by more than 10% last year as a result of the Financial Conduct Authority’s pause on Gap insurance sales and softening London market rates.
Brown & Brown buys broker; Crif and Crawford collab, Atec hire
Weekly Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Ecclesiastical ‘courting’ MGAs to offer capacity
Dave Carey, managing director of intermediary at Ecclesiastical, has revealed the new lines the insurer intends to enter, and how it will need to provide capacity to MGAs to double gross written premium by 2030.
SFO accuses Lloyd's broker of bribery
The Serious Fraud Office has accused a UK-based Lloyd’s broker for failing to prevent associates from bribing state officials in Ecuador.
Ferma CEO and secretary general Typhaine Beaupérin to step down
Typhaine Beaupérin, the CEO and secretary general of the Federation of European Risk Management Associations, will step down from the organisation in June.
Gallagher poised to snap up PIB
A deal that would see Gallagher buying PIB Group is imminent, multiple market sources have told Insurance Post.
How Trump’s tariffs shook up insurers’ investment books
Darren Bustin, global head of solutions capabilities and insurance solutions at Schroders, has revealed how regulatory changes, Labour’s growth agenda plus US President Donald Trump’s trade tariffs have impacted general insurers’ investment books.
Marshmallow valued at $2bn after $90m raise
Marshmallow has raised $90m (£68.1m) of funding, putting the firm at a valuation of over $2bn (£1.5bn).
Markerstudy not exhibiting at Biba this year
Markerstudy has decided against exhibiting at the British Insurance Brokers’ Association conference this year.
Ageas UK CEO shares plans for Esure
Ant Middle, Ageas UK CEO, has revealed his plan to integrate Esure by the end of 2027 plus how he will achieve £100m of cost savings and turn the combined business into a top three personal lines player.