United Kingdom (UK)
Briefing: The FCA is sending the wrong message on dual pricing
June 2020 was to be the month insurers got their comeuppance on the saga that is dual pricing, but the Financial Conduct Authority has once again dropped the ball.
Blog: Preparing for the next asbestos - silicosis and insurance
With the All Party Parliamentary Group for Respiratory Health’s call to arms for the reform of workplace exposure limits to silica dust, Jim Byard, insurance partner at Weightmans, explores the likely impact on the insurance industry, and how it can…
Blog: Dealing with a hardening market - risk management and loss control during and post Covid-19
With the current insurance market hardening at a rate not seen in over a decade, Risk Solved non-executive Richard Thomas argues those firms that drive improved risk profiling and begin to fully appreciate the quality of the risks within their portfolio…
Drop all fossil fuels urges climate change campaign group
Insurers must stop 'protecting' the coal industry and start protecting society claimed a climate change group as it urged the sector to drop all fossil fuels.
Gable liquidator warns of ‘everlasting’ bankruptcy proceedings as it writes off £72m
The liquidator of unrated insurer Gable has found ‘trapped funds’ in the company originally valued at CHF 85m (£71.8m) are not recoverable.
Axa XL confirms Sean McGovern as CEO UK and Lloyd's market
Axa XL has confirmed former Lloyd’s leader Sean McGovern as CEO for the UK and Lloyd’s market having held the role on an interim basis since April.
Go Compare parent appoints Burns as CFO
Goco Group, the parent company of aggregator Go Compare, has appointed Alan Burns as chief financial officer with Nick Wrighton set to leave after four years in the role.
Q&A: Tara Parchment, head of private clients, Brit
Tara Parchment joined Brit to head up its private client offering in November 2018, after 22 years at Chubb. She spoke to Post about plans for the Private Clients offering, how it will meet the changing customer needs and how the current pandemic is…
Blog: The changing shape of the London Market
Recently capital raisings by insurers aimed at ensuring they have sufficient capacity to support their trading partners and clients during the Covid-19 crisis have been widely reported. Clare Lebecq, CEO of the London Market Group believes the ability of…
Flood Re paid out more last year than its first three years combined
The Flood Re scheme incurred gross claims of £160m in 2019/20, more than the total paid in its first three years of existence.
Insurance Covid-Cast: Future of Insurance Work - What do millennials want from their employers; and has it shifted due to Covid-19?
For the 32nd episode of Post and Insurance Age’s video series we gathered together a panel to discuss how millennials have experienced lockdown and what temporary practices they would like to see made permanent.
Chubb reveals near $1.4bn Covid-19 Q2 loss estimate
Chubb has estimated that it will face $1.37bn (£1.1bn) of pre-tax losses - $1.16bn after tax - in its second quarter results due to the global coronavirus pandemic.
Marsh supports partnership between British Red Cross and the British Psychological Society
The British Red Cross and the British Psychological Society have teamed up to recruit specialist Psychosocial Reserve Volunteers who will support people experiencing trauma or emotional distress during and after major emergencies in the UK.
Concirrus raises $6m from Commerzventures
Insurtech Concirrus has raised $6m (£4.8m) through an investment from Commerzventures, Post can reveal.
FSCS confirms Fiona Kidy as CFO
The Financial Services Compensation Scheme has appointed Fiona Kidy as chief financial officer having held the role on an interim basis since May last year.
Aviva's Patrick Tiernan on getting Britain back to business
The tragic toll of Covid-19 is incalculable. In less than five months, this pandemic has taken away so many loved ones – devastating families, friends and colleagues on a scale that could not have been imagined. Patrick Tiernan, managing director UK…
Ex-Zurich boss Dave Smith takes NED role at AIG UK
Former Zurich UK general insurance CEO Dave Smith has joined AIG UK as a non-executive director and is set to become chair of the risk committee.
Amanda Blanc looking at 'all strategic options' for Aviva
Amanda Blanc has pledged to address the underperformance of recent years for Aviva’s investors and to set out an ambitious strategic path.
Andy Graham joins Direct Insurance Group from Cobra
Direct Insurance Group has appointed Andy Graham as head of specialist liability for its London market and Lloyd’s broking division.
RSA walks back on Marsh criticism in FCA's BI test case
As RSA changed its mind on part of its argument that drew criticism from Marsh, the Financial Conduct Authority said insurers were failing to take account of “the true nature of the insurance provided” in its business interruption test case, according to…
Amanda Blanc appointed Aviva CEO as Maurice Tulloch departs
Former Axa and Zurich boss Amanda Blanc has become Aviva CEO, replacing Maurice Tulloch who has stepped down from the role and the company’s board due to family health reasons.
Briefing: Travel insurance – when is cancellation insurance not cancellation insurance?
A once-in-a-lifetime trip to Disneyland to treat the kids, an all-expenses paid honeymoon to Cancun and a retirement cruise around Europe – for many people the plans for these long-anticipated trips now lay in tatters but insurance isn’t offering the…
Blog: Electric vehicles - the risks associated with lithium batteries
With their ultra-low emissions, electric vehicles are a key part of the UK’s greener future. However, after reports of cars spontaneously catching fire, Andy Miller, technical risk control manager, Allianz UK, explains safety concerns could put the…
Turnover up but profits slip at Arag
Arag has posted a 14.7% rise in turnover to £14.1m for the year to 31 December 2019.