News
Howden calls for ‘myth busting’ on cyber insurance
David Howden said industry must engage in “myth busting” on cyber insurance to remove barriers to uptake among potential clients.
Direct Line snaps up By Miles
Direct Line Group has acquired By Miles Group to bolster “digital-first journeys” for customers.
Gove ‘outraged’ by broker leasehold commissions
In a letter to Financial Conduct Authority CEO Nikhil Rathi, the Secretary of State for Levelling Up, Housing and Communities, Michael Gove, said he is “outraged” by the findings of the FCA report into broker remuneration.
Howden secures £1bn investment and appoints Blanc as head of M&A
Howden has appointed Peter Blanc as head of M&A after it secured in excess of £1bn for M&A, new initiatives and talent.
MIB-funded initiative cuts uninsured drivers on UK roads by 400,000
The Motor Insurers’ Bureau has committed to extending its funding for Operation Tutelage until 2027.
Entries open for the 2023 Insurance Claims and Fraud Awards
The 2023 Claims & Fraud Awards are open for entries with a deadline of 5pm on 2 June.
CBI exodus as insurance firms leave amid allegations
Insurance firms are leaving the Confederation of British Industry at a rate of knots. Post collects the statements of all those leaving the CBI.
Aviva partners with Cyber Cube; Zixty launches Broker Distribution; Ageas moves HQ
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
FCA tells brokers to stop paying third parties without justification
The Financial Conduct Authority expects brokers of multi-occupancy buildings to “immediately stop paying commissions to third parties where they do not have appropriate justification and evidence for doing so”.
CII finally unveils plan to turn around fortunes
The Chartered Insurance Institute published its new five-year strategy almost 18 months after it asked members what they wanted the professional body to deliver.
Facebook posts help Axa catch out claimant
A Norwich man who claimed a minor car accident left him unable to work was caught out because he posted photographs of himself on Facebook swinging from a zipwire.
More exits possible as Hannover Re becomes third member to leave NZIA
After a Moody's report stated two founding members of the Net Zero Insurance Alliance left because of "material antitrust risks", Hannover Re has decided to leave the alliance.
Regulator warns insurers it is ready to mark ESG homework
The Prudential Regulation Authority told insurers to make sure they are doing their environmental “homework” because the watchdog will soon be marking it.
Insurers must evolve as customers adapt to new mobility solutions
Premiums for autonomous, connected, electric and shared vehicles could grow by more than $0.5tr by 2030, according to a Capgemini report.
Biba cancels CBI membership after misconduct allegations
The British Insurance Brokers’ Association has withdrawn its membership of the Confederation of British Industry, following reports of sexual misconduct by senior members of staff.
Utility Warehouse launches Gibraltar-based insurer
The Utility Warehouse has launched its own stand-alone insurance company, as it seeks to make a greater push into the financial services market.
Insurtechs raise fears over AI regulation
Insurtech chiefs have raised concerns about the government's plans to regulate artificial intelligence, warning red tape could restrict innovation.
IS2’s Sultana targets ‘aggressive’ growth to double revenue within four years
Joe Sultana talks to Insurance Post about his new role as IS2’s commercial director, and the strategies he will implement to accelerate growth to meet the company’s four-year plan.
Former chief actuary of RSA Ireland banned for five years
Central Bank Ireland issued prohibition notice to Martin Ryan, former chief actuary at RSA Insurance Ireland.
Covéa puts jobs at risk with company restructure
After reporting a loss of £145m for 2022, Covéa Insurance UK is currently undergoing a company restructure, entering a consultation process with employees, Insurance Post can reveal.
Lloyd's partners with Biba; McLarens expands leadership board; Allianz makes two promotions
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Charrier-Leflaive replaces Jaillon as Wakam CEO
Wakam has promoted Catherine Charrier-Leflaive to CEO, with her predecessor Olivier Jaillon stepping up to be chairman.
Lloyd’s targets sustainable assets with £250m investment fund
Lloyd’s has launched a £250m fund to invest in “sustainability-focused assets” across private equity, infrastructure, natural capital and real estate.
Law firm Ince enters into administration
Law firm Ince Group, previously known as Ince Gordon Dadds, is set to appoint administrators after a major creditor withdrew its support following months of cashflow problems.