United Kingdom (UK)
Outlook deteriorating for UK non-life company market: Fitch
The market combined ratios for motor and home insurance will be north of 100% in 2022, Fitch has forecast.
Homelyfe stops offering home insurance quotes
Freedom Services Group owned insurtech Homelyfe has ceased to offer home insurance quotes.
Insurance in the vanguard on consumer duty, says FCA’s Matt Brewis
The Financial Conduct Authority sees insurance as ahead of the game on consumer duty after the work on pricing and value in recent years, the regulator’s director of insurance and conduct specialists Matt Brewis has indicated.
Dudley takes over as chair of IUAD
Insurance United Against Dementia has appointed Richard Dudley, global head of climate strategy at Aon, as its new chair taking over from IUAD founder Chris Wallace.
Self-driving car users should be off the hook for range of offences, commissions set out
The Law Commission for England and Wales and the Scottish Law Commission have proposed the creation of an Automated Vehicles Act that would shift the responsibility away from drivers of self-driving cars.
Your last chance to take part in the Insurance Census 2022
The Insurance Census is back and we want to hear from you. With your help, we can make this the biggest and most comprehensive census the industry has ever seen.
Trade Voice: Bila's Caroline Bell on why 2022 is the time for a renewed focus on wordings
Dr Caroline Bell, British Insurance Law Association committee member, and senior wordings counsel at Convex Insurance, reflects on the innovatory and future-proofing potential of policy wordings after a year that underscored that the words on the page –…
General Insurance Fraud Committee hopeful on spam advert legislation
The General Insurance Fraud Committee is hopeful that online advertising will be included in the Online Safety Bill, Clare Lunn, director of financial crime at LV GI and chair of the GIFC told Post.
FCA lacks ‘precision’ and regulators need greater accountability, inquiry hears
London Market trade body representatives have told a Lords’ inquiry that the regulator’s ‘one size fits all’ approach to insurance must change and more accountability is needed.
Brokers fear market may later realise it has 'sleepwalked into irrelevance' as Lloyd's mulls HQ move
London Market participants have voiced concerns over the future of Lloyd’s of London as it considers whether to remain in its City of London headquarters.
Axa and Corbin & King trade arguments on first day of BI cover trial
The trial between upmarket restaurant group Corbin & King and Axa began on Tuesday, with Mrs Justice Cockerill hearing submissions from both sides.
Biba calls for IPT cut to 10% with 2022 manifesto launch
The British Insurance Brokers’ Association has urged the government to cut Insurance Premium Tax to 10% in the next budget and pushed for targeted relief for three areas.
Biba takes aim at weight of regulation and broker FSCS costs
The British Insurance Brokers’ Association has put regulatory and Financial Services Compensation Scheme reform in the crosshairs as it called for a cut in insurance premium tax in its manifesto.
WTW's Frederick Gentile on taking a realistic approach on supply chain resilience
Frederick Gentile, director of risk engagement at Willis Towers Watson, shares his checklist for supply chain resilience, and says leaders need to take a more realistic approach to survive.
WTW adds ex-Lloyd’s digital leader Lou Smith
WTW has appointed Lou Smith as commercial lines data strategy lead in its insurance consulting and technology unit.
Intelligence: Hardening continues with reinsurance renewals
January’s renewals saw reinsurers playing hardball not only in their pricing, but also in the structures of their clients’ reinsurance programmes. Post explains why the hardening market is not driven by a lack of capital, but by renewed underwriting…
Blog: Importance of technology in handling post-pandemic inspection surge
Following months of inactivity during lockdown, workplaces and equipment had to be inspected before business could restart. Allianz chief engineer Peter Carless and special services manager Steve Ford look back at the importance of technology in handling…
Lloyd’s adds Miller as commercial director
Dawn Miller has been named Lloyd’s commercial director from the second quarter of this year, joining from Chubb.
Tesco confirms Gary Duggan as permanent chief insurance officer
Tesco Bank has made Gary Duggan its permanent chief insurance officer and CEO of subsidiary Tesco Underwriting.
Hastings Direct adds Mark Cliff as non-exec chair after Peter Blanc departure
Hastings Direct, the broking entity within the Hastings Group, has appointed former Ageas and Brightside leader Mark Cliff as independent non-executive director – chair designate.
Marsh McLennan names Murray chief inclusion and diversity officer
Moreland Murray has been appointed as chief inclusion and diversity officer at Marsh McLennan.
Howden 'the British powerhouse' says CEO as organic growth hits 19%
Howden Group has reported a 48% increase in revenue to £1.15bn and a 50% rise in Ebitda to £335m for the year ended 30 September 2021.
Das compensation in ex-CEO fraud case lowered as insurer’s 'lack of candour' criticised
Das is now set to receive £5.96m rather than £8.28m in compensation from its fraud case against three former senior employees.
60 seconds with... Alice Mitchell, Handl Group
Alice Mitchell, head of executive office at Handl Group, tells Post why she would have gladly spend her teenage years facing off against supervillains and what point in time she would go back to if she could.