News
Motor semiconductor chip shortage crisis expected to be solved in the second half of the year
Volvo CEO Jim Rowan expects the semiconductor chip shortage crisis facing the motor manufacturing market to be solved in the second half of the year.
Qlaims appoints David Williams as NED
David Williams has joined managing general agent and insurtech Qlaims as a non-executive director.
Webinar: Last chance to sign up to watch Allianz, Chaucer and WTW discuss how technology can help insurers meet customer expectations in the digital age
There has been a lot of discussion around digital acceleration over recent years, with the pandemic playing an undoubted role in escalating customer expectations as to how businesses engage and service them. Although often described as a “distressed…
Tower Brook acquires Premium Credit; ABI reports motor premiums have fallen 5% in Q1; Aston Lark buys UK Global; and Seventeen snaps up broker
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Leadership changes at Markel as co-CEO Whitt is set to retire next year
Markel is making a number of senior leadership changes at the company as co-CEO Richard Whitt confirms he will retire next year after 31 years with the company.
Cost of Gable collapse to FSCS hits £78m
The cost of the 2016 collapse of unrated insurer Gable to the UK’s Financial Services Compensation Scheme surpassed £78m at the end of last year, a liquidators’ report has revealed.
Disagreements over runoff cover set to push up PI premiums for property and probate lawyers
The Council for Licensed Conveyancers’ decision to maintain integrated runoff cover as part of its professional indemnity insurance requirements for the firms it regulates will push up premiums, brokers have told Post.
FCA staff walk out in first of three planned strikes
Staff at the Financial Conduct Authority have gone on strike in the first of three planned two-day walkouts over proposed changes to pay and conditions at the regulator.
Motor Mouth Podcast: What challenges do EVs pose for insurers?
Welcome to the return of the Motor Mouth podcast, as we count down to the Insurance Post event Motor and Mobility on the 15 June at Mercedes Benz World.
Damage caused by storm Eunice less severe than expected despite claims surge
Storm Eunice was less severe than originally thought with damage caused by high winds rather than flooding, according to claims experts.
Williams swaps Simply Business for Clear Group
The Clear Group has appointed Simply Business’ former managing director for managing general agents Phil Williams as group’s chief operating officer.
Solvency II consultation moots 30% risk margin reduction for general insurers
The Treasury has launched a consultation on proposed changes to the UK’s Solvency II regime, which it says could “unlock tens of billions of pounds for long-term productive investments”.
Low motor accident claim levels raise concerns that 'injured people are not claiming'
A claimant organisation has raised concerns that the number of registered motor claims in the first quarter of 2022 remained at a pandemic level, despite road traffic mostly returning to normal.
Prestige-owned broker Stroll launches with £5m investment
Prestige Insurance Holdings invest a further £2m in new digital broker platform emphasising ‘slick’ user experience.
Blog: Making the wrong team moves risks losing regulatory permissions
As we emerge from the Covid-19 pandemic, employers and recruiters are anticipating a growing trend in employees wanting to move roles in what has been dubbed the 'great resignation'. BDBF partner Nick Wilcox, and associate Blair Wassman, explore the…
Analysis: Unstable firms are falling off the Rock
Post looks at a series of insurer failures in Gibraltar – and asks what the future will look like for existing and new entrants.
Transport secretary to ‘crack down’ on private e-scooter market
Transport Secretary Grant Shapps suggested the transport committee will announce the government’s plans for non-trial e-scooters in the Queen's Speech, as he pledged to “crack down” on sales of e-scooters that do no meet standards.
2021 insurtech funding breaks record; Aviva in Tractable tie-up; Dive-In Festival theme announced and Lloyd's syndicate offers adjusters green bonus
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
CII appoints Alan Vallance as CEO
The Chartered Insurance Institute has appointed Alan Vallance as CEO of the professional body.
Allianz Holdings names two NEDs
Teresa Robson-Capps and José Vazquez have been appointed as independent non-executive directors on Allianz Holdings' management board.
Aviva's Amanda Blanc to co-chair Transition Plan Taskforce
Aviva CEO Amanda Blanc has been appointed as co-chair of the UK Transition Plan Taskforce, alongside the Economic Secretary to the Treasury John Glen MP.
Man sentenced after using two names to claim twice for same car accident
A man who made claims for the same car accident in two different names to Aviva and concealed information from Zurich has been ordered to pay back £58,000 in compensation.
Vnuk cut gets Lords committee green light
The Motor Vehicles (compulsory insurance) Bill, which looks to amend the controversial Vnuk Law, has passed through the Lords committee.
CILA appoints David Ross as executive director
The Chartered Institute of Loss Adjusters has appointed David Ross as executive director.