News
Treasury brands Civil Liability Act a success
HM Treasury has patted itself on the back for the impact of the Civil Liability Act 2018, claiming policyholders pay lower insurance premiums thanks to the legislation.
RSA transforms claims tech to dominate commercial lines
RSA’s technology-enabled claims service improvement is “central” to its goal of becoming the number one commercial lines insurer in the UK, according to commercial claims director Lee Dainty.
Allianz appoints commercial lines leaders ahead of new MD’s arrival
Allianz’s UK commercial lines arm has made two appointments to its management team ahead of the arrival of new managing director Phuong Ly next month.
21 businesses vie for a place in latest cohort for Lloyd’s Lab
The Lloyd’s Lab held a pitch day for its 14th cohort earlier this week, with 21 businesses vying for a spot in the 10-week accelerator programme.
Aviva aims to double regional PL broker GWP
Jonathan Santer, managing director of broker and affinity at Aviva, has said he wants to double the firm’s regional gross written premium in personal lines over the next 18 months.
RSA axes up to 250 jobs in Peterborough
RSA is in the process of cutting about 250 jobs from its Peterborough office over the next two years.
Ardonagh boosts revenue as it completes more than 60 purchases
Ardonagh Group’s financial results for 2024 showed while total income grew by 24%, most of that was due to the 68 acquisitions the business made throughout the year.
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.