UK
Interview: David Bearman, Aventum
Aventum CEO David Bearman explains the growth of the broking and underwriting firm to Emmanuel Kenning, tracing its route from a start up focused on retail UK SME to a global specialist and niche player that has plans to be a decade defining business.
Competitors see opportunities as Aon-WTW delay risks leaving the brokers in 'no man’s land'
Further delays to the Aon-Willis Towers Watson merger caused by the decision by the US Department of Justice to file a civil antitrust lawsuit to block the transaction will lead to opportunities to snap up staff and clients, according to UK brokers.
Analysis: The CMCs out of scope
When the Financial Conduct Authority took over claims management company regulation in 2019, it fired warning shots at the sector. Should the regulator’s remit be widened to cover those firms that don’t come under its surveillance?
PIB presses 'pause' on recommending Hiscox to clients after Covid crisis response
PIB has hit pause on recommending Hiscox to customers but has not ended its agency with the insurer, Post can reveal.
Past presidents call on PFS members to vote against CII AGM proposals
Four past presidents of the Personal Finance Society are among those that have put their names to a website urging members to vote against elements of the Chartered Insurance Institute’s upcoming annual general meeting, as the rows over deregistering the…
Treasury Select Committee calls for fraudulent ads to be tackled in Online Safety Bill
The Treasury Select Committee has criticised the government for a “missed opportunity” to tackle fraudulent online adverts and prevent customers being scammed by fake financial products.
Covéa goes live with Iotatech policy platform
Covéa’s insurance-as-a-service platform developed with Iotatech has gone live marking the insurtech’s first rollout with a major insurer, Post can reveal.
Bermuda reinsurer Arch buys Arron Banks’ Somerset Bridge
Arch Reinsurance has struck a deal to buy Arron Banks-backed Somerset Bridge, snapping up the motor managing general agent, distribution arm, affiliated insurer and claims operation for an undisclosed sum.
Hiscox adds ex-Ageas and Brightside leader Mark Cliff to UK board
Hiscox has moved to strengthen the board expertise in its two UK legal entities with the appointments of Mark Cliff, James Illingworth and Jane Hayes as independent non-executive directors.
FCA Google Ad spending tops £2m in less than three years
A Freedom of Information request by Post has revealed that the Financial Conduct Authority spent over £240,000 on Google Ad words in the first four months of the year, taking the bill since 2019 over £2.1m.
Analysis: Tackling the Covid-19 business interruption surge
Insurers have paid out final settlements or interim payments on more than 20,000 business interruption claims related to the Supreme Court's January verdict, with Financial Conduct Authority figures and broker testimony suggesting that payout processing…
A-Plan targets £1bn GWP within four years
A-Plan Group is aiming to break the £1bn gross written premium barrier within the next four years, CEO Carl Shuker told Post.
Towergate’s Iain Laws on health as a business risk and resetting the benefits conversation
Iain Laws, CEO of Towergate Health & Protection, examines how insurers and the health industry have responded to the pandemic with new products and services, the shift in employee expectations and how health risks have gone up business leaders’…
FCA warns Google and social media of legal action over scam adverts
The Financial Conduct Authority has warned social media companies that it will take legal action if they keep publishing scam adverts.
Aegis launches assailant parametric product; Amicus in MBO; Davies buys two; and Vitality Car launches
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Post LIVE: Insurance needs to get rid of 'Shakespearean language' to build back trust
The key for the insurance sector to build back trust with consumers is ensuring wordings are clear and make sense, George Beattie, head of incubation underwriting at Beazley told viewers of the Post LIVE annual conference today.
Tackling climate change top of ABI agenda, says Huw Evans
The Association of British Insurers has been working hard on an industry roadmap for tackling climate change and is aiming to publish its findings on 7 July, director general Huw Evans told the audience of the Post LIVE annual conference.
Adaptability and development front of mind as firms look forward to hybrid working
Boardrooms will need to remain adaptable as firms move to new working models in the wake of lockdown restrictions lifting, according to panellists at the Post LIVE annual conference.
The Insurance Charities drives industry action to tackle domestic abuse
The Insurance Charities has updated its Domestic Abuse Toolkit for Employers.
Abacai adds six to leadership team
UK motor insurtech Abacai Group has recruited six new leaders bringing experience from Sabre, Covéa, Direct Line, Aviva and Vitality to the team under former Aviva boss Mark Wilson.
Axa’s Jon Walker on smart working and relationship building
Jon Walker, CEO of Axa Commercial, celebrates the benefits of smart working for customers, brokers and staff – along with assessing how it should be used in tandem with the best of the traditional face-to-face ways of building relationships.
Saga takes Kingshott from Tesco as insurance CEO
Over 50s travel and insurance specialist Saga has recruited Steve Kingshott as CEO for insurance, joining from Tesco where he was CEO of Tesco Underwriting and chief insurance officer at Tesco Bank.
Qlaims names Latter CEO as Harvey switches to director role
Qlaims has appointed Liz Latter as CEO replacing founder Malcolm Harvey who is staying with the business as an executive director.
Arch reveals pair of leadership promotions
Arch Insurance International has promoted Kirsten Valder to chief administrative officer and Jason Kittinger to chief operating officer, effective 30 June.