Personal
Aviva targets 20% premium growth by 2022
Aviva CEO Maurice Tulloch has revealed that the insurer is targeting a 20% increase in general insurance premiums by 2022.
Q&A: Laura Drabik, group VP of business innovation, Guidewire
Hiriyti Bairu spoke to Laura Drabik, group vice-president of business innovation, Guidewire about the opportunities and challenges facing insurers and insurtechs.
Driving out Distraction: 1st Central marks Road Safety Week with safety film
1st Central has unveiled a powerful new short movie to mark Road Safety Week, raising awareness of dangerous distractions on the road.
Analysis: Ageas and Tesco joint venture labelled success with separation on horizon
Experts have predicted an increase in partnerships in the insurance industry but do not see another joint venture on the horizon, as Tesco gears up to buy out Ageas' share of their Tesco Underwriting joint venture.
Bought By Many chairman Pearson steps down
Bought By Many chairman John Pearson is no longer a director at the insurtech, Post can reveal.
Atlanta takes Karen Hogg from Sainsbury’s as COO
Former Axa and Kwik Fit leader Karen Hogg is returning to broking as chief operating officer of Atlanta Group, Post can reveal.
GRP buys Gauntlet Insurance Services
Global Risk Partners has bought London-based private client specialist broker Gauntlet Insurance Services for an undisclosed sum.
Post launches Driving out Distraction Campaign
At the beginning of the month the current government confirmed it would seek to tighten the law around handheld mobile devices on the road, but will not extend a ban to hands-free use. While Post supports this initial step it believes that the government…
This week in Post: Deluge, diversity and misdemeanours
More than 800 houses have been evacuated due to flooding and many of those families won't be back in their home for Christmas. Flood warnings are still in place and there are reports that flood defence equipment is being stolen.
North of England floods could cost industry £80m to £120m: PWC
Flooding in the north of England could cost insurers between £80m and £120m, PWC has estimated, though this could rise.
Pen Underwriting promotes Michelle Bree to COO
Pen Underwriting has promoted Michelle Bree from director of operations to chief operating officer, effective 1 December.
Who is the best insurance employer in the UK market?
Does your employer go above and beyond to look after its staff? Are the perks you receive out of this world?
Interview: Trak Global CEO and co-founder Nick Corrie
A decade into its journey, Trak Global is finally ready to break the US on the back of an acquisition and £40m plus private equity raise. CEO and co-founder Nick Corrie tells Jonathan Swift about why he prefers to get on and do things quietly than spout …
ABI backs Gibraltar government's pitch to British businesses
The Association of British Insurers remains “fully supportive” of the Gibraltarian insurance market and “the choice that it gives UK customers,” ABI director general Huw Evans has said.
Diversity and Inclusion Q&A: EXL's Iulia Vernis
Diversity and inclusion is gathering pace in the insurance market, and Post editor Stephanie Denton sat down with Iulia Vernis, senior assistant vice-president for insurance for EXL, to find out how the market can do more.
Plan Group targets top 50 with Pedal Cover Plus buy
Plan Group has bought Kingswood Insurance Brokers, the owner of Pedal Cover Plus, as it targets becoming a top 50 independent broker within five years.
Eldon intending to rebrand as Somerset Bridge
Arron Banks' Eldon Insurance Services is planning to rebrand as Somerset Bridge by the end of the year, Post can reveal.
Insurers brace for some sizeable losses as UK barraged by floods
UK flooding is expected to continue, as insurers and loss adjusters have warned of a "spike" in both personal and commercial lines claims as a result.
Analysis: Reservoir dams - a water-tight insurance risk?
With almost 3000 dams supplying drinking water to towns and cities they are a common feature in the UK countryside. However, when heavy rain in August threatened the integrity of the emergency spillway at Toddbrook Reservoir an emergency evacuation of…
Ageas' Andy Watson cautions motor premium levels are ‘unsustainable’
Ageas UK CEO Andy Watson has cautioned that amid the Ogden rate change and inflationary pressures, current motor rates are “surprisingly low and unsustainable”.
Iprism group restructures with holding co pre-pack administration
Bowmark Capital-backed Iprism Underwriting Agency has completed a group restructuring including a pre-pack administration of its holding company for £329,300, writing off tens of millions of debt.
Ogden rate, large losses and claims inflation knock Allianz UK COR in Q3
Allianz reported operating profit of £100m for the year to date in its Q3 results, with its combined operating ratio slipping to 96.5% from 95.7% at the half year.
This month in Post: Thomas Cook-up
In a week that was dominated by personal injury fracas, the revelation that Thomas Cook self-insured against all but the “very largest” PI claims may well take the cake for biggest botch up.
Thomas Cook personal injury fund unlikely to provide full compensation, lawyers warn
A government scheme due to be set up to pay the personal injury claims of Thomas Cook customers is unlikely to be sufficient to provide claimants with full compensation and may be open to abuse if appropriate safeguards aren’t put in place, lawyers have…