UK
Ageas sells Tesco Underwriting stake for at least £125m
Tesco Bank will pay Ageas at least £125m for its 50.1% stake in Tesco Underwriting as it confirmed the deal first revealed by Post last year.
East West Insurance enters administration as tower block fire safety claims mount
The High Court has put structural defects specialist East West Insurance Company, which purchased a portfolio from Zurich in 2018, into administration and appointed Ernst & Young as administrators.
Analysis: More than bricks and mortar
How are major financial centres in the UK likely to be impacted by Covid-19 and will the remote working phenomenon hit office occupancy for the longer term?
Axa XL reveals raft of leadership appointments for UK and Lloyd’s
Axa XL has unveiled a series of UK and Lloyd’s leadership appointments following the implementation of its latest insurance operating model on 1 October.
UK General posts £8.3m operating loss and confirms business line exits
UK General Insurance lost £7.9m after tax in the year ended 31 March 2019, reversing a £838,582 profit the year before.
Carl Shuker hails growth potential as A-Plan buys Ingenie from Watchstone
A-Plan Group has struck its first deal since being bought by Hyperion snapping up telematics specialist Ingenie.
Allianz appoints Graham Stait as head of claims operations
Allianz Insurance has promoted Graham Stait to head of claims operations following the departure of Jeremy Trott to Ecclesiastical, Post can reveal.
NHBC launches inaugural apprenticeship scheme
NHBC, a warranty and insurance provider for new homes in the UK, has become an Education and Skills Funding Agency-approved provider of apprenticeships and launched its first apprenticeship scheme aimed at developing the next generation of house building…
Interview: Ardonagh MGA boss Derek Coles
Ardonagh’s CEO of MGA Binders and Facilities Derek Coles spoke to Post senior reporter Emmanuel Kenning about being subscale in Ardonagh, MGAs' need for differentiation, the Rural buy and future acquisition targets.
Infectious disease climbs and terrorism falls among concerns of global business leaders
Infectious disease is now the second main concern for business executives globally, jumping 28 places from its ranking in 2019 in the wake of the Covid-19 pandemic, according to the World Economic Forum’s interactive map on Regional Risks for Doing…
James Gearey named personal lines and protection MD at Covéa
Covéa Insurance has appointed James Gearey to the newly created position of managing director for personal lines and protection.
Mike Keating keen to grow insurer member levels at MGAA
Recently appointed managing director of the Managing General Agents’ Association Mike Keating has set out his vision for the association with growth of insurer partners high on the agenda.
Aviva’s Phil Bayles on trading in a hard market
As trusted advisors providing access to high quality risk management resources brokers can help clients meet the challenges that lie ahead and should be in contact with insurers as early as possible to review cost and cover options, says Aviva’s chief…
Towergate website remains down as Ardonagh confirms cyber incident
Ardonagh is taking “remedial action” having been hit by a cyber incident, the group confirmed just after Gallagher also reported being attacked by hackers.
Allianz sponsors women’s top-flight rugby in England as Saracens deal ends
Allianz Insurance has become the title partner of top-flight women’s domestic rugby in England with the competition rebranded as Allianz Premier 15s starting on 10 October.
Brightside’s Brendan McCafferty on why the insurance industry needs to get real on its social contract
The insurance industry needs to find the right answers quickly if it is going to rebuild its reputation with the public, particularly after the recent business interruption court case and dual pricing headlines, says Brightside CEO Brendan McCafferty.
Watchstone opens legal claim process against KPMG
Watchstone, formerly known as Quindell, has filed a claim against KPMG in the High Court believed to be related to the accountant’s 2013 audit of the business, which previously led to a £4.5m fine for KPMG and a public reprimand from the Financial…
Nigel Phillips targets CDL growth as digital moves into 'new era'
Technological advancements mean the insurance industry is moving into a new era of digital, CDL CEO Nigel Phillips told Post as he set out that the software specialist is targeting further growth under his leadership.
NFU Mutual names Nick Turner CEO with Lindsay Sinclair set to retire
Lindsay Sinclair will retire at the end of March 2021 after more than 12 years as NFU Mutual group CEO with Nick Turner succeeding him in the post, the insurer has confirmed.
AIG appoints Julie Chalmers as GI head of UK and EMEA claims
AIG has swooped for Chubb’s claims director for Europe, Eurasia and Africa, Julie Chalmers as its head of UK and EMEA claims for general insurance.
Phillips named CEO at CDL and co-founder Tom Hogg steps down as chairman
CDL has promoted commercial director Nigel Phillips to the CEO role with Gary Johnson moving across to be chairman as co-founder Tom Hogg steps down.
Ardonagh strikes deal for Lloyd Latchford
Ardonagh is buying specialist retail broker Lloyd Latchford Group for £15.3m, Post can reveal.
HG to own 20% of Hyperion as investment boosts ‘war chest’ to $1.5bn
When the transaction for HG to invest in Hyperion closes the private equity firm will hold “just over 20%” of the business, CEO David Howden told Post.
Ex-Axa boss Paul Evans named Allianz Insurance and LV GI chairman
Paul Evans, former UK and group CEO at Axa, has been appointed as non-executive chairman of Allianz Holdings.