News
Insurance industry climate change commitments lacking action plans, says Carbon Chain co-founder
Insurance industry is behind other industries when it comes to taking action on climate change, according to Carbon Chain chief operating officer and co-founder Roheet Shah.
All Clear and Insure & Go strike five year deal with Zurich after Mapfre exits UK travel market
Travel insurance specialists All Clear and Insure & Go have signed a five year agreement with Zurich as they "gear up" for the opportunities that lie ahead as travel levels return back to normal.
Prestige Underwriting appoints Eoin Reynolds as Ireland general manager
Eoin Reynolds has been named as Prestige general manager for Ireland and executive director at Prestige Underwriting Services Ireland.
Flood Re CEO warns that flood resilience is not being prioritised
Andy Bord, CEO of Flood Re, has called for increased focus on adaptation measures to cope with climate change that “is already in the system”.
Movo Partnership 'outgrows' GRP’s Hedron network after exceeding targets
Movo Parnerthip is leaving GRP-owned Hedron broker network next year as it looks to focus on independence.
COP26 Round up: Week one
Post rounds up the insurance news and announcements from the first week of COP26 in Glasgow.
EY issues home/motor profit warning for 2022; Collective Benefits and Nimbla get US investment; HSB buys MG Group; Floodflash and Munich Re partner up; and Carrot sold to Granite
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Blanc-led group calls for action to address underrepresentation of women in climate finance
Women remain seriously underrepresented in decision-making roles in climate finance, according to a report from the Women in Finance Climate Action Group convened by Aviva group CEO Amanda Blanc.
Aquiline takes stake in insurtech Ripe to 'turbocharge' next phase of growth
The deal will see private investment firm Aquiline buy a majority stake in Ripe for undisclosed amount.
Insurers must not get in the way of customers' net zero transitions, conference hears
Speaking at the COP26, Net Zero Insurance Alliance founding members urged that insurers should not get in the way of customers moving to net zero.
Hessing makes Aviva return as claims director Lovely departs
Hugh Hessing will return to Aviva as interim chief claims officer, with Dave Lovely leaving the business, Post has learned.
Oil and gas cover undermining climate efforts, says Insure Our Future as it scores insurers' climate policies
The global insurance industry is undermining efforts to meet climate targets by continuing to insure and invest in oil and gas production, the Insure Our Future campaign has said.
Annual investment into renewable energy needs to quadruple: Munich Re's Wenning
There needs to be a quadrupling in current investment in renewable energy, Munich Re CEO Joachim Wenning has noted as he called on countries to develop roadmaps through the transition.
Report calls for expanded risk sharing to tackle the climate emergency
A report from the University of Cambridge urges policymakers, financial regulators and the insurance industry to expand risk sharing systems at scale to tackle the climate emergency.
'Silent climate' cover in policies a risk as litigation ramps up
Lawyers are working with clients to understand how insurance policies may or may not respond in the event of climate-related litigation, as more governments and companies find themselves subject to lawsuits.
Gallagher adds Derek Henry to head up micro SME and personal lines
Gallagher has appointed former managing director for broking at Brightside Derek Henry as MD of micro SME and personal lines within its UK retail division.
Ex-Esure CEO Stuart Vann joins Unum as NED
Unum has appointed former Esure CEO Stuart Vann as an independent non-executive director.
SRA's changes to solicitors' PI terms and conditions rouse concerns from underwriters
Underwriters of solicitors’ professional indemnity insurance have raised concerns that a clause proposed by the Solicitors Regulation Authority fails to provide clarity on which cyber losses will be covered by policies.
AIG promotes Fitzsimons to CFO and shuffles senior leadership team
AIG has promoted Shane Fitzsimons to group chief financial officer amid senior leadership team changes, effective from 1 January 2022.
Lloyd's hit with oil spill and 'climate justice memorial' protests
Climate protests at Lloyd's went ahead on Friday, a day after the corporation confirmed its Net-Zero Insurance Alliance membership.
Covéa to buy Partner Re; Lloyd’s joins net zero alliance; another record for insurtech investment; crime tops insurer concerns; and Flood Re on tour
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Lockdown customer champion: Simon Mabb, NDML
Simon Mabb, managing director of NDML, tells Post about the broker's efforts to secure business interruption payouts for clients forced to close by coronavirus restrictions.
Insurance Post TV: COP26 Climate Summit special featuring Aviva, Axa and others
Insurance Post reveals the latest episode of its ‘magazine-style’ television show, Insurance Post TV, which gets under the skin of some of the key issues of the day.
IPT untouched in Autumn Budget
Insurance premium tax went unmentioned in the Autumn Budget announcement.