Cyber
Big interview: Michael Rea, Gallagher UK
Having taken on the Gallagher UK CEO role at the start of the year, Micheal Rea talks to Jonathan Swift about breaking the £1bn revenue barrier, the benefits of scale, putting M&A on hold and why the market is in transition in terms of rates.
Diary of an Insurer: Gallagher’s Elaine Lennox
Elaine Lennox, regional managing director for the Midlands at Gallagher, goes back and forth between Leicester and Birmingham, checks in with the cyber insurance special interest group and manages to download over dinner.
Insurance Post’s Top 90 MGAs revealed
Ardonagh Group, Brown & Brown, Gallagher, Markerstudy and Policy Expert are the UK’s five biggest MGAs.
Big Interview: Mandy Hunt, Clear
Mandy Hunt, managing director of The Clear Group’s MGA business, looks to develop underwriting talent, shares growth plans and talks about the importance of sharing personal stories.
Lloyd’s to ramp up business oversight to avoid past ‘mistakes’
Lloyd’s will increase its oversight of delegated and legacy business to avoid squandering the gains of recent remediation efforts, chief underwriting officer Rachel Turk has said.
Beazley aims at US levels of cyber uptake in hunt for UK growth
Beazley is targeting US levels of cyber insurance adoption in the UK, as it looks to grow its regional business, UK and Ireland country manager Sam Franks has said.
Cyber market to harden ‘as early as Q1 2025’
Research from Gallagher Specialty has warned there could be a shift in the cyber insurance market by as early as Q1 2025.
CFC bolsters UK regional distribution and teases European expansion
CFC has bolstered its UK regional distribution team and will soon have teams on the ground in continental Europe, group CEO Louise O’Shea has said.
Hiscox’s employee security cover; Markel adds legal expenses; Outbacker’s app
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Twenty firms face off for Lloyd’s Lab spots
The Lloyd’s Lab pitch day for its 13th cohort saw 20 firms go head-to-head for one of 10 spots in the market’s 10-week fast track programme for “fresh ideas” to challenge the insurance industry.
How insurers address evolving supply chain risks
How incidents like the attacks in the Red Sea, drought in the Panama Canal and Baltimore bridge collision have the potential to create cascading exposures for insurers is examined by Tim Evershed.
How to enter a new line of business
How brokers can unlock growth potential by entering new lines of business is the topic of the latest Insurance Post Top Tips video starring Emma Drouineau, sales associate at Cyber Cube.
Aviva’s cyber partnership; Clear buys Accelerate; Bupa's insurance CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Police warn insurers about uptick in deepfake fraud
Detective Chief Inspector Tom Hill, head of unit for the Insurance Fraud Enforcement Department at the City of London Police, has warned audio and visual manipulation enabled by technology, also known as deep fakes, is a major growth area for insurance…
Zurich and Marsh McLennan call for partnership to tackle cyber risk
Zurich and Marsh McLennan are calling for public-private collaboration and recovery mechanisms to be put in place to strengthen society’s cyber resilience.
Norgrove aims to ‘dial up the voice of the SME’ in ABI role
RSA UK CEO Ken Norgrove has said he wants to use his new role at the Association of British Insurers to help small and medium-sized businesses “get their voices heard”.
Top risk for UK businesses; WTW’s latest launch; Lloyds Bank’s head of insurance
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Q&A: Theo Duchen, Acturis
Theo Duchen, co-CEO and co-founder of Acturis, discusses Astorg’s increased stake in the company, how best to implement artificial intelligence, and why he thinks his business is well placed to take on rivals in the US and Canada.
Operational resilience: will insurers meet the March 2025 deadline?
Sarah Ouarbya, partner for financial services consulting at Forvis Mazars, examines how insurers should prepare for the Financial Conduct Authority and the Prudential Regulation Authority’s operational resilience rules coming into force.
RSA’s cloud solution; Allianz’s new stadium; Gallagher’s managing director
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Q&A: Mike Keating, MGAA
Mike Keating, CEO of the Managing General Agents’ Association, discusses the buoyancy of managing general agents, some of the struggles in the high-net-worth space, and what he hopes his organisation will achieve by the end of 2025.
How ‘Baby Reindeer’ and streaming services are affecting insurance
As the way we consume media changes, Scott McGee considers how the furore over Baby Reindeer, and changing nature of the content we watch has had an impact on insurance.
Aviva’s Storah reveals what to expect next from the provider
Aviva UK&I general insurance CEO Jason Storah, along with his chief financial officer Stephen Pond, share what lines they expect to grow the most in the latter half of 2024 and outline their approach to pricing as inflation heads closer to 2%.
Cyber insurance tipped to ‘disrupt’ traditional cybersecurity providers
Cyber insurance has an opportunity to excel where other providers of cybersecurity firms have been found wanting, saving businesses time and money, CFC’s Jason Hart has told Insurance Post.
