News
Direct Line launches car insurance ‘without the bells and whistles’
Direct Line has launched an entry-level car insurance product aimed at customers looking for bog-standard cover in the wake of a financial crisis, Insurance Post can reveal.
Direct Line appoints Gearey as director of claims services
Direct Line Group has appointed former Covéa personal lines managing director James Gearey as director of claims services.
‘Financial turmoil’ drives wave of SME Covid BI lawsuits
A law firm claiming to represent thousands of SMEs has initiated dozens of fresh Covid-related business interruption court proceedings.
Home insurance costs continue to rise following ‘worst year on record’
Analysis by Ernst & Young has revealed that home insurance suffered its worst year on record in 2022, and fortunes aren’t about to change.
Five brokers to scrap third-party leasehold commissions
Five insurance broking groups have pledged to stop sharing buildings insurance commissions with landlords and to cap their own fees.
Bikmo eyes further growth in the UK cycle market
Cycle and e-mobility insurer Bikmo has raised £3.4m in a funding round to bolster its European footprint and drive product innovation.
Policies did not cover central government action, insurers argue in Covid BI trial
The insurers in a group of Covid-related business interruption disputes, being heard by the Commercial Court this week, have argued that the policies in question did not cover central government actions.
Applied’s Europe CEO targets profitability by 2025
Applied Systems’ Europe CEO and chief revenue officer explain Applied’s approach to increasing market share, and how the firm will soon return to profitability.
Zurich cuts claims times; Marsh's global cyber practice; Brown & Brown partners with Ageas
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
CII to begin CEO search as Vallance announces departure
Chartered Insurance Institute CEO Alan Vallance will leave the professional body next spring to take up an equivalent role at the Institute of Chartered Accountants in England and Wales.
Applied ‘picking up steam’ as it targets more market share in UK
Applied Systems group CEO Taylor Rhodes has hailed a bumper year for the UK business, as it looks to take market share from the ‘weaker’ competition.
Aviva: SMEs ‘woefully underserved’ for cyber cover
Cover against damage from cyber attacks against SMEs has been branded as “woefully underserved” at an Aviva event.
Laka reveals plans to become the ‘European leader’ in green mobility insurance
London-based startup Laka has secured more than €7.6m (£6.63m) in its recent funding round, and announced its latest acquisition in European expansion plans.
‘We are at the top of the hype cycle for AI’, says Applied’s chief product officer
Applied Systems chief product officer Anupam Gupta has explained how the business is looking to introduce AI into its product offering, but urges the industry not to get carried away.
Aviva admits liability in Fuller’s dispute while Liberty stands firm
Pub chain Fuller’s has received a £500,000 payout from Aviva after the insurer admitted liability in a dispute over Covid-19-related business interruption cover, a London court has heard.
CII young brokers turn to TikTok to fight talent war
The Chartered Insurance Institute’s New Generation Broking Group is turning to TikTok and Instagram to attract fresh talent to the industry.
Taxi credit hire firm goes into administration
Central Cab Care Limited, a provider of credit hire services for taxis to the insurance industry, has gone into administration.
EE to offer consumer electronic insurance
EE is branching out of its smartphone and broadband contract roots by now offering insurance.
Howden’s climate practice, Ecclesiastical and Iprism partner and WTW’s claims chief
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Industry calls for clarity on self-driving liability
The industry has called for legislation and clarity on self-driving vehicle liability in the upcoming King's Speech in order to be able to step up and provide cover.
Red Cross pleads insurers to back humanitarian insurance approach
During its London Summit, The International Federation of Red Cross and Red Crescent Societies has appealed for more insurers to support its insurance mechanism, as funding for humanitarian needs reaches an all time high.
Biba launches FVA framework after FCA scrutiny
The British Insurance Brokers’ Association has launched a new framework to help members better articulate fair value.
Protesters storm Lloyd’s insurer offices over fossil fuel projects
Hundreds of protesters have gathered outside the offices of 10 Lloyd’s of London insurers today, demanding they rule out insuring the West Cumbria coal mine and the East Africa Crude Oil Pipeline.
Tributes paid to London Market veteran Neville Hunt
Neville Hunt, a stalwart of the London Market who dedicated more than 50 years of his life to the industry, has passed away.