Climate change
Direct Line begins green parts trial; Revolut diversifies insurance offering; RSA to recruit more adjusters; and Sabre strikes solus MGA deal
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Convex publicly rules out insuring Adani and further thermal coal production
Convex has ruled out insuring Adani’s Carmichael coal mine and any new thermal coal production following pressure from climate change campaigners.
Video Q&A: Carpenters Group CEO Donna Richards on staff, society and sustainability – what makes a business a stand out in 2022?
Post content director Jonathan Swift talks to Carpenters Group Donna Richards about sustainability and what her business is doing to improve the impact it is having on the environment?
Laka CEO Taupitz wants insurtech to become 'global green mobility leader' after $12m Series A raise
Insurtech Laka has closed a Series A fund raise of $12m (£8.9m) led by US mobility investor Autotech Ventures as it seeks to become “the global green mobility leader” diversifying into areas such as e-bikes, e-cargo bikes and potentially electric cars.
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…
Allianz: cyber usurps BI as biggest risk; Direct Commercial gets PE investment; Ford and ADT reveal JV Canopy; and Tractable launches AI Property
For the record: Post wraps up the major insurance deals, launches and investments of the week.
PRA flags climate change and silent cyber in Dear CEO letter to insurers
The Prudential Regulation Authority has warned insurers on the need to consider silent cyber exposures and that progress on embedding supervisory expectations on climate change has not been consistent across all firms.
Interview: Stuart Hardy, Forum of Insurance Lawyers
Stuart Hardy, partner at BLM, was appointed as president of the Forum of Insurance Lawyers in November last year, succeeding Jennette Newman. He spoke to Post about his plans for the next year, challenges facing the industry, how the whiplash reforms…
Zurich risk chief warns refusing sectors cover is not the answer to net-zero transition
Insurers should resist removing cover for sectors that face being made obsolete by a move to a net-zero economy despite deteriorating risks profiles, Zurich’s group chief risk officer Peter Giger has said.
QBE’s Jason Harris on three challenges for 2022
For many, the start of a new year is a time to reflect, reset or retune for the future. Jason Harris, CEO of QBE International, shares three things on his mind for 2022 – two quite broad, one much more specific – that he believes the industry needs to…
Bifurcated 1.1 renewal market negotiations leaves strained relationships, reinsurance brokers warn
Challenging negotiations between reinsurers and buyers during the busy 1.1 renewal season may have strained relationships with some clients, brokers have warned.
Spotlight: Why ESG and digital transformation are inextricably linked for the insurance industry
From efficiently writing weather perils to reducing their carbon footprints, digital transformation offer insurers a fast track solution to meet their environmental, social and governance objectives, writes Pádraig Floyd
Editor’s comment: Damned if you do and damned if you don’t
A New Year. A fresh start. Resolutions decided and hopes of a better – the best – version of me to come. Isn’t this how every year starts and yet how easy is it to do this? Most of us might change one thing or just take steps towards changing one thing…
Interview: Stephen Catlin, Convex
Harry Curtis spoke to Stephen Catlin, CEO and chairman of Convex, about how the insurer is looking forward, why cyber risks are a step too far and his response to climate critics
Analysis: Rewiring the electric vehicle skills gap
Repairers must patch up their skills to keep pace with growing demand for electric vehicles but bodyshops say labour rates and current take-up levels are holding them back
Preview: What will 2022 bring for the insurance market?
Post spoke to market experts to get their predictions for what 2022 will look like.
Ardonagh buys MDS; Markerstudy snaps up Clegg Gifford; start-up broker Attis targets London/acquisitions; WTW and Munich Re in parametric 'world's first'
For the record: Post wraps up the major insurance deals, launches and investments of the week.
Lloyd's ESG guidelines slammed as 'inadequate'
Environment, social and corporate governance guidelines published by Lloyd's of London at the end of October have been branded as "inadequate" by campaigning groups in a letter to the corporation.
Review of the Year 2021 – Claims and legal
Post spoke to loss adjusters and lawyers to get their thoughts on the highs and lows of 2021.
Blog: Insurers must set the ESG bar high if we are to reach net zero
COP26 set some very clear priorities for governments, businesses and individuals to reduce their environmental impact, and work towards having a better carbon footprint, writes Chris Illman, Beazley head of responsible business.
Review of the Year 2021 – Insurers
Post spoke to major insurers to get their thoughts on the highs and lows of 2021.
Intelligence: Insuring the hydrogen boom
Hydrogen’s promise as a greener fuel source for heavy industry looks set to spur a boom in the industry over the next decade. Post looks at the risks involved and how insurers are acting to meet the needs of a growing sector.
Swiss Re reports nat cat losses fourth worst since 1970; Davies buys BVS; Leak Bot to go public after reverse takeover; and Ryanair teams up with insurtech
Post wraps up the major insurance deals, launches and investments of the week
Aviva's Nick Major on why brokers are key to helping SMEs avoid unseen risks
Some firms believe horizon scanning for bigger issues is a luxury reserved only for the largest and best-resourced companies but as Nick Major, managing director of commercial lines at Aviva, explains it should be the cornerstone for all businesses.