News
Howden 'the British powerhouse' says CEO as organic growth hits 19%
Howden Group has reported a 48% increase in revenue to £1.15bn and a 50% rise in Ebitda to £335m for the year ended 30 September 2021.
Das compensation in ex-CEO fraud case lowered as insurer’s 'lack of candour' criticised
Das is now set to receive £5.96m rather than £8.28m in compensation from its fraud case against three former senior employees.
Lloyd's-IUA-DXC deal staves off headaches for London market participants
A deal struck between Lloyd’s, the International Underwriting Association and DXC Technology to deliver a processing platform averted a technological split that may have made the London market a less attractive destination for business, IUA chief…
Vote for the Best Insurance Employer 2022
Insurance Post’s Best Insurance Employer research returns in 2022 seeking the views of staff in broking, managing general agent and insurer firms to find out which organisations really go the extra mile for their people.
Lloyd’s COO Jennifer Rigby to depart
Lloyd's chief operations officer Jennifer Rigby is leaving on 21 January with Burkhard Keese taking on the role in a new structure.
Tif Group returns to market after slashing headcount and facing regulatory restrictions
Tif Group has begun selling policies again after 2021 saw it halve its headcount as it faced up to travel restrictions, the loss of its capacity provider and regulatory scrutiny.
Ardonagh Specialty expands cross-class follow-capacity solution to $600m
Ardonagh Specialty has expanded its cross-class follow-capacity solution to include Price Forbes’ property business, Post can reveal.
Inquiry launched into commercial insurance and reinsurance market
The Lords' Industry and Regulators Committee has launched an inquiry into commercial insurance and reinsurance regulation.
Aviva to boost regional underwriting headcount by 10%
Aviva has started a recruitment drive to add at least 40 underwriters working on regional mid-market business, chief distribution officer Gareth Hemming told Post.
Gallagher adds Elliot Miller to lead Scotland, Northern Ireland and the North East of England
Gallagher has appointed Elliot Miller, formerly of CNA Hardy and QBE, as regional managing director for Scotland, Northern Ireland and the North East of England, Post can reveal.
Watch Direct Line, Microsoft and Sas discuss hyperautomation in upcoming Insurance Post webinar
In an upcoming webinar brought to you by Insurance Post in association with Sas, an expert panel will discuss how hyperautomation in insurance will reduce the risk of errors in understanding your risk and improve how to price and market your products to…
Malcolm Hyde to depart CILA after 13 years
Malcolm Hyde, executive director of the Chartered Institute of Loss Adjusters is set to leave the institute in the summer after almost 13 years in the post.
Allianz in regional commercial restructure; GRS extends global reach with adjuster tie-up; Movo buys three; and Tractable strikes two new deals
For the record: Post wraps up the major insurance deals, launches and investments of the week.
PRA flags climate change and silent cyber in Dear CEO letter to insurers
The Prudential Regulation Authority has warned insurers on the need to consider silent cyber exposures and that progress on embedding supervisory expectations on climate change has not been consistent across all firms.
Thingco boss Brockman questions insurers' pricing rules preparations after hitting pause on capital raise
Thingco CEO Mike Brockman has questioned insurers’ preparedness for pricing rules that took effect at the start of the year, after the telematics insurtech hit pause on a capital raise amid uncertainty generated by the regulations.
Aviva on hunt for CFO as Windsor heads to Persimmon
Jason Windsor has resigned as chief financial officer and director of Aviva with effect from July 2022.
DfT denies smart motorways debuted prematurely as rollout paused
The decision to pause the introduction of new all lane running smart motorway schemes, which saw 39 deaths between 2015 and 2019, until five years’ worth of data is available has been welcomed by insurers.
Chubb appoints Pannala as global CIO
Chubb has appointed Shekar Pannala, previously executive vice president for global technology, as its global chief information officer.
CII appoints Jonathan Clark as interim CEO
The Chartered Insurance Institute has named Jonathan Clark as interim CEO with immediate effect as Sian Fisher heads towards exiting the organisation at the end of March.
Aspen launches ESG integration initiative ‘Project Leaf’
Aspen has formally launched Project Leaf, an environmental, social and governance integration strategy that will incorporate ESG information into the decision making process for its credit and political risk portfolio.
First Underwriting targeting 30% growth after £1bn capacity deal
Managing general agent First Underwriting has revealed a five-year £1bn capacity deal with Accredited Insurance (Europe).
Building material shortages pile on the pressure
With building material shortages expected to continue into the 2022, loss adjusters and insurers have been urged to work together to support the repair sector.
Zurich risk chief warns refusing sectors cover is not the answer to net-zero transition
Insurers should resist removing cover for sectors that face being made obsolete by a move to a net-zero economy despite deteriorating risks profiles, Zurich’s group chief risk officer Peter Giger has said.
Willis Towers Watson rebrands as WTW
Willis Towers Watson has rebranded as WTW and swapped its stock market ticker symbol.