News
Jensten’s focus ‘remains the same’ following funding boost
After securing an additional £170m in funding dedicated to growth, Jensten chief financial officer Ed Hannan tells Insurance Post that it will continue to build a "compelling proposition" for vendors and potential investors.
Sabre appoints Rebecca Shelley as permanent chair
Sabre Insurance has appointed Rebecca Shelley as chair of the company with immediate effect, following an external search.
Biba’s EV scheme; Cytora and DynaRisk partner; WTW’s global head of claims
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Invoice insurtech Nimbla enters voluntary liquidation
Invoice insurtech startup Nimbla has appointed two voluntary liquidators from Leonard Curtis.
Cila president insists loss adjusters are far from dead
Far from being on a pathway to extinction, Chartered Institute of Loss Adjusters’ president Steven Wallace has claimed his part of the insurance industry has “never been more relevant”.
RSA still unsure on combined NIG business brand
RSA CEO Ken Norgrove has said the future brand of the combined RSA and NIG business is an open question, in an update to brokers.
Motor premiums fall for first time in over two years
Car insurance premiums have fallen by 5% during the past three months, according to the latest data from Confused.com.
Aviva’s Storah has ‘big ambitions’ for HNW
Jason Storah, Aviva’s UK & Ireland general insurance CEO, has revealed his “big ambitions” for the high-net-worth business, and teased a potential entry into pet insurance, as the insurer is “always looking” at expansion opportunities in personal lines.
Helen Bryant departs Allianz after 23 years
Allianz Commercial’s managing director of digital and legal protection, Helen Bryant, is to leave the insurer after 23 years to “pursue new opportunities”.
Which urges FCA to take action on premium finance following investigation
Which? has urged the FCA to devise an action plan on premium finance after an investigation found home and motor insurance customers have been subject to up to 40% APRs.
Integration and restructuring costs push RSA to 2023 loss
RSA has reported a £19m pre-tax loss for 2023, despite improving on both its 2022 underwriting and investment performance.
Mandy Hunt named as MD of Clear Group MGAs
The Clear Group has appointed former RSA chief underwriting officer Mandy Hunt as managing director of its managing general agent business.
Direct Line’s chief customer officer Kate Syred retires
Direct Line Group’s chief customer officer Kate Syred has retired after more than 20 years at the insurer, Insurance Post can reveal.
MoJ ‘needs to look’ at single personal injury claims portal
A single portal for motor personal injury claims is necessary for streamlining the claims process, Verisk’s head of personal injury claims, Simon Bradshaw, has told Insurance Post.
Aviva CEO warns home insurance premiums need to go up
After Aviva said the motor insurance market has shown early signs of softening, UK & Ireland general insurance CEO Jason Storah has warned home insurance premiums “still need to go up”.
CII consulting on cutting ‘around eight’ roles
The Chartered Insurance Institute is planning to cut its headcount by “around eight posts” as part of streamlining efforts.
QBE eyes growth opportunity in ‘underweight’ South East
QBE director of UK regions Andy Fitzgerald has identified the South East as a “massive” growth opportunity for the insurer as it aims to bulk up its UK regions business.
Value of weather damage claims revealed
Data analysis: Property insurers paid out the equivalent of £13m every day last year due to events such as storms, flooding and theft.
Covéa shrinks staff numbers by almost a third amid further losses
Covéa Insurance has reduced its staff numbers by more than 29% in 2023, after last year confirming it was undertaking a “company restructure”.
FCA tells motor finance firms to hang onto cash
The Financial Conduct Authority has warned motor finance firms to keep hold of enough capital to deal with the results of its ongoing probe into discretionary commission payments.
ICG invests in Staysure; Jensten buys broker; Questgates’ legal rebrand
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Lloyd’s appoints Miller as US-based chief commercial officer
Lloyd’s has appointed its commercial director Dawn Miller as chief commercial officer and CEO of Lloyd’s Americas, effective 1 September, in a move that will see her relocate to New York later this year.
Aviva revamps financial lines management and pushes into Scotland
Aviva has announced several new hires in its financial lines team, including underwriters that expand its presence into Scotland.
RSA appoints trading directors ahead of NIG integration
RSA has appointed Moira Spencer and Deena Hemming as trading directors for the North and South respectively, ahead of the integration of NIG next month.