Ireland
Up to 115 people at risk as Aviva reveals IT restructure
Aviva has confirmed that up to 115 people could be hit by changes to its IT teams as it moves to automate certain processes and increase use of outsourcing.
Interview: Sean McGovern, Axa XL
Ahead of the British Insurance Brokers’ Association’s online conference next month, Axa XL CEO for the UK and Lloyd’s market Sean McGovern, told Post about his plans for growing the business with brokers, the challenges of becoming boss during the…
Intelligence: Broker Focus - No sign of slowdown in broker mergers and acquisitions
Many parts of life have been on hold for the past year but broker mergers and acquisitions have gone from strength to strength. Post discovers why this sector has been so resilient and asks what the future might bring
Intelligence: EU Trading - Doing business in Europe
With no post-Brexit equivalence or passporting regime available to UK brokers, they have had to explore other avenues to continue to trade across the European Union. David Worsfold explores the options open to intermediaries and the benefits they can…
MS Amlin acquires MGA; Ethos buys 13th hub; insurtech recruits Esure CUO ahead of launch; and PIB bolsters Irish footprint
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
RSA names Hodges chair for UK and International business after proposed takeover
RSA has confirmed Mark Hodges as chair and Charlotte Jones as chief financial officer for its future structure following the completion of Intact Financial Corporation’s proposed takeover.
Chubb promotes Richard Shanks to claims director for UK and Ireland
Chubb has named Richard Shanks claims director for the UK and Ireland, succeeding John Latter.
Record £10.5bn of M&A in 2020 and smaller deals on the up, says Imas
There was a record £10.5bn of UK insurance distribution mergers and acquisitions in 2020, according to research by Imas, Post can reveal.
Intelligence: State insurance - The last resort
The global pandemic of 2020 saw insurers stepping back from coverage in some areas of the market and led to calls of a Pandemic Re backed by the government. Post asks if the government can and should step into the void as the insurer of last resort
Ex-BGL boss Matthew Donaldson moves to Chill
Matthew Donaldson, former CEO of BGL, has joined Three Rock Group as chairman.
Gibraltar-based Prometheus Insurance enters administration
Gibraltar-based Prometheus Insurance Company, formerly trading as Tradewise Insurance Company, has entered administration.
We can double again, says PIB boss Brendan McManus after Apax deal
PIB Group can double in size over the next five years, CEO Brendan McManus told Post after private equity firm Apax Partners became the firm’s lead investor taking over from The Carlyle Group which has retained a stake.
RSA employee reps seek ‘urgent’ clarity on takeover redundancies
Clarity on the potential for 200 UK job losses, and more in Scandinavia, is being sought by RSA employee representatives.
Brit names RSA’s Gavin Wilkinson as group CFO
Brit has appointed Gavin Wilkinson as group chief financial officer, joining from RSA where he is currently CFO for Scandinavia.
Briefing: The Seven Year Pitch - Why has it taken Stephen Hester so long to sell RSA?
Almost seven years after he took over as group CEO, Stephen Hester looks like he is finally closing in on a sale for RSA. The big question, as Post content director Jonathan Swift asks, is why has it taken so long?
R&Q reveals MGA book growth in 2020
Randall & Quilter grew its managing general agent relationships to 36 by the end of the first half of the year, the firm has revealed.
GRP makes first purchase in Republic of Ireland with Crotty Insurance Brokers
Global Risk Partners has made its first purchase in the Republic of Ireland taking a majority stake in Crotty Insurance Brokers, Post can reveal.
Lloyd's Lab - Class of 2020
The fifth cohort of Lloyd’s lab kicks off this week, with the chosen teams set to concentrate on Covid-19 products and solutions. Post looks at the businesses that hope the accelerator will help make their mark on insurance.
Irish regulator settles with former Quinn director
The Central Bank of Ireland has reached a settlement with former Quinn Insurance director Kevin Lunney.
Blog: Discount rate consultations - what do insurers need to consider?
The legal and political landscapes across the United Kingdom and Republic of Ireland vary considerably and no less so when it comes to the personal injury discount rate. With negative (and different) discount rates and methodologies adopted in both…
Abbey and Autoline merger to create £119m GWP acquisitive firm
The merger of Northern Ireland brokers Abbey Insurance and Autoline Insurance as Abbey Autoline on 1 September will create a £119m gross written premium growth focused firm that has an eye for striking takeover deals, managing director of the newly…
Amanda Blanc promises to shake up Aviva
It is abundantly clear that “meaningful change” is needed to unlock Aviva’s potential, according to CEO Amanda Blanc.
Registration for virtual diversity event Dive In opens
Registration for diversity and inclusion festival Dive In has opened with over 90 virtual events taking place in over 30 countries from the 22 to 24 September.
In-depth: How the life sciences sector is supporting the fight against Covid-19
The industry has found itself under the spotlight for all the wrong reasons during the Covid-19 pandemic. However, one area where it should be singing its praises is life sciences. Post investigates how brokers and insurers have supported the quest for…