News
Markel hires MD of distribution strategies and business development
Markel International has appointed Dan Martin as managing director of distribution strategies and business development.
Aon appoints WTW's William Bruce to lead climate risk consulting
Aon has appointed William Bruce from WTW as global managing director of climate risk consulting in Aon Global Risk Consulting.
July cyber-attack causes backlog for Davies
Davies Group is working to mitigate the impact of backlogs caused by a cyber-attack it suffered at the end of July.
Insurers agree FCA price walking ban benefits customers, but ‘doesn’t mean renewals will always go down’
Insurers have disputed Which? survey results saying the majority of their car and home insurance customers are seeing their prices go down which demonstrates that the ‘new rules are working’.
Companies are ‘treading a very thin line’ in avoiding data breaches
After ICO launched criminal proceedings against eight data thieves, companies have been told to revisit their cyber security to ensure they are properly secured and protected against potential data thieves as cyber attacks are on the rise.
UK P&I Club hires new chief underwriting officer
UK P&I Club has appointed William Beveridge as chief underwriting officer.
Insurance fraud expected to rise this year, reversing 2021 trends
Insurers and counter-fraud specialists expect the level of insurance fraud to increase this year, with the cost-of-living crisis driving more people to make dishonest claims.
ICO begins criminal case against eight data thieves
The Information Commissioner’s Office has begun criminal proceedings against eight individuals who are alleged to have stolen data from repair garages in order to find leads for potential fraudulent personal injury claims.
Government announces better flood protection for new homes
The government has published an updated planning guidance to ensure new homes will be better protected from flooding following changes to planning guidance.
Analysis: Revisiting the government’s Live Events Reinsurance Scheme
The government-backed scheme is set to expire at the end of September, following months of waning interest from event organisers in the cover it was set up to provide.
Urban Jungle looking to take market share from bigger incumbents as there is 'not enough innovation'
Urban Jungle is looking to take advantage of the lack of innovation from bigger incumbents as it launches multiline coverage.
Allianz snaps up chief compliance officer from Aviva
Allianz Holdings has appointed Alison Rayner to the newly created position of chief compliance and corporate affairs officer.
Aviva confirms acquisition of Azur’s HNW business; Quotech raises £1m from Convex and angel investors; FinTech Scotland partners with Finance Isle of Man; and Jensten Group buys J Bennett & Son
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
R&Q says Randall return would be 'a backwards step' ahead of SGM next month
R&Q is to hold a special general meeting on 13 September in London to allow shareholders to vote on resolutions to remove executive chair William Spiegel from his post.
FCA seeks external members as it establishes ESG advisory committee
The Financial Conduct Authority is looking for external experts as its establishing an advisory committee to work on environmental, social and governance issues.
Higher personal lines premiums ‘an inevitability’, says RSA’s Norgrove
RSA will not hesitate to increase personal lines premiums in the face of economic headwinds, UK and international CEO Ken Norgrove has said.
Covid BI claim lodged by Premier League football clubs rests on 'mistaken approach', say insurers
Insurers have accused eight Premier League football clubs of taking a “mistaken approach” in a legal claim regarding losses suffered by the clubs during the Covid-19 pandemic.
Copart buys Hills Motors, but the CMA has stepped in
Companies House filings show the merger between Copart and Hills Motors was completed on 5 July, but the Competition and Markets Authority is looking into it.
Auto repair firms challenge Fiat Chrysler in EU data access test case
In a landmark test case at the European Court of Justice, auto repair firms are disputing the right of original equipment manufacturers to gatekeep access to a car’s onboard data stream.
Aviva to restructure commercial lines leadership as two MDs depart
Aviva is set to restructure its UK commercial lines leadership following the decision of managing director Nick Major to pursue opportunities elsewhere.
Matter of time before Jensten is up for sale despite denial – sources
Multiple sources have told Post that it is a matter of time before Jensten Group is looking for new investment; although CEO Alistair Hardie insists Livingbridge is "a long-term shareholder".
R&Q management backed by shareholders following calls for a change of leadership
R&Q executive chairman William Spiegel has received the backing two of the firm’s shareholders following calls from other investors for him to stand down.
Stricter rules and compulsory bicycle insurance considered by government
Cyclists could be subject to the same rules as car drivers, with registration plates, compulsory insurance and license penalty points and fines for breaking speed limits and running red lights.
Two major R&Q shareholders call for executive chairman to step down
Two major R&Q shareholders have called for the removal of the legacy acquisition specialist’s executive chairman William Spiegel, citing deterioration in the performance of the business under his leadership.