News
Guidewire buys pricing software provider Quantee
Guidewire has bought insurance pricing software provider Quantee, after insurers asked the platform provider “to solve the problem in a cohesive and seamlessly integrated way”.
Ardonagh confirms Ian Donaldson's next steps
Ardonagh has confirmed Ian Donaldson's next move as it launches a global data and tech unit that aims to “harness the best of robotics, machine learning, and data enrichment" across the broker.
Bspoke to exploit high-net-worth ‘complacency’
Bspoke Group CEO Tim Smyth has big ambitions for the company’s recently set up high-net-worth business, and plans on swooping in on the complacency of others within the market.
Ardonagh close to securing $2.5bn to fund expansion
The insurance broker is reportedly nearing an agreement to raise as much as $2.5bn (£1.9bn) from investors, which will help fund growth.
Watch Axa, Convex, Clear and Verisk discuss data in commercial property
The issue of underinsurance in commercial property insurance has been prevalent for a number of years now, with the spotlight really intensifying during and after the Covid-19 pandemic.
British Insurance Technology Awards is open for entries
The prestigious British Insurance Technology Awards are now open for entries.
Phil Bayles replacing Bennett as MD of Bravo Networks
Phil Bayles has been appointed managing director of Bravo Networks on an interim basis, alongside his role as chief commercial officer at Ardonagh Advisory.
London Market arranges training to stamp out misconduct
Following the publication of the Financial Conduct Authority’s report on non-financial misconduct in the wholesale specialty insurance market, the Lloyd’s Market Association, International Underwriting Association, and London and International Insurance…
FCA unveils new strategy to ‘support growth’
The Financial Conduct Authority has launched a new five-year strategy that the regulator’s chiefs claimed will “deepen trust, rebalance risk, support growth and improve lives”.
Howden ‘doubles employee benefits’ business with Barnett Waddingham buy
Howden has struck a deal to buy Barnett Waddingham, a UK professional services consultancy across risk, pensions, investment and insurance.
Blueprint Two’s first phase pushed back to 2026
Lloyd’s and Velonetic have confirmed the phase one cutover for the London market’s Blueprint Two modernisation programme will not take place this year.
Zurich’s Clayton says let tech guide your fraud teams
Zurich’s head of fraud Scott Clayton has urged the industry to keep counter fraud a “people business”, but to allow technology to act as a guide.
London motor premiums fall by a fifth
The latest data released by WTW and Confused has revealed significant reductions in the average comprehensive motor premium, with London benefitting the most.
Fresh calls to scrap IPT surface after record receipts
Ahead of the Spring Statement later this week, there have been renewed calls for the government to reduce or totally scrap insurance premium tax in certain areas of the market.
Zego CEO predicts fully autonomous motoring ‘within 40 years’
Sten Saar, CEO of Zego, has said a “fully autonomous world is coming”, and that it will be here in 40 years as a “worst-case scenario”.
Howden cyber chief blames brokers for cyber insurance adoption lag
Shay Simkin, global head of cyber at Howden, has argued that brokers are to blame for the lack of adoption of cyber insurance.
Allianz x Volvo; Howden buys broker; Clear Group’s COO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Ecclesiastical enjoys ‘record new business’ in 2024
Ecclesiastical’s expansion into new sectors helped it achieve “record new business wins” in 2024, as it nearly doubled its pre-tax profit from the previous year.
Insurers should not fear being called ‘woke’
Insurers shouldn’t fear accusations of virtue signalling when publicising their diversity policies due to the benefits it carries for employees, an audience heard.
Heathrow blaze sees insurers brace for claims
A fire at a substation near Heathrow airport this morning (21 March) has left more than 1000 flights cancelled, meaning insurers are prepping for an influx of claims.
Miller flags Trump’s impact on parametrics
Alice Glenister, head of parametrics at Miller, has called for the market to develop more data sources outside the US due to President Donald Trump’s cuts to federal scientific research bodies.
Lloyd’s CFO urges market not to get ‘carried away’
Lloyd’s chief financial officer Burkhard Keese has warned the market that it is not yet out of the woods, as it posted pre-tax profits of £9.6bn for 2024.
ABI Fire Safety Reinsurance Facility’s impact revealed
One year on from the launch of its Fire Safety Reinsurance Facility, the Association of British Insurers has provided an update on its impact.
Axa calls for EV battery health certificates
Axa has published a report calling for the introduction of EV battery health certificates, arguing it could stimulate the UK’s used EV market by quantifying battery health and making vehicles easier to price for sale.