High net worth
Gallagher partners with Knight Frank Finance; Azur announces MBO; Criterion appoints MD
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva UK&I GI sees growth as it returns more than £5bn in capital since 2021
Aviva Group CEO Amanda Blanc has announced strong results for the UK and Ireland general insurance business, while launching a £300m share buyback scheme, having taken capital return to over £5bn in two years.
Why property insurers are struggling to control claims costs
Analysis: Sam Barrett explores how inflation, increased labour costs plus material shortages are pushing up property insurance claims costs and why working with loss adjusters to remove frictional cost is essential.
Diary of an Insurer: iPrism’s Amie Wright
Amie Wright, private clients team manager at iPrism Underwriting, works on new business, mid-term adjustments, renewals in the run-up to Christmas, and Santa rewards her with a Ryan Reynolds mug after she smashes her targets.
Questgates acquires CP Adjusting; Pen UW rolls out cyber risk management suite; Brokerbility shakes up leadership team
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Perils pegs London’s 2021 summer flood losses at £281m
Perils has pegged insurance and reinsurance industry losses for London floods that took place between 12 and 14 July 2021 at £281m.
Aviva to restructure commercial lines leadership as two MDs depart
Aviva is set to restructure its UK commercial lines leadership following the decision of managing director Nick Major to pursue opportunities elsewhere.
Insurers warned recession and inflation fears could impact HNW insurance
Insurers have been warned that high net worth customers could review their cover levels as recession fears grow and inflation continues to rise
European insurtech investment catching up with US; Goldman Sachs invests in Clear; Allianz to lead Coalitions’ UK cyber capacity; and Gallagher buys Erimus
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Spotlight: Cyber - Personal cyber – no longer just a HNW thing
The huge rise in cyber-crime and its financial impact have led to growing interest in personal cyber cover. And, in a post-Covid world with remote working, online payments, and exponential growth in interconnected devices, we are more exposed than ever…
Aviva reports 13% spike in fraud; Accredited hails £2bn Policy Expert deal; Urban Jungle to recruit 100; and PRA warns insurers of ‘significant headwinds’ over climate change
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Capgemini: only 8% of insurers 'Resilience Champions'; Allianz mulls Home & Legacy disposal; CII reports £4.4m deficit; and Questgates buys
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Video Q&A: Prime Disaster Response directors Ciaran and Laurence O’Grady
As the business celebrates its tenth anniversary, Prime Disaster Response founders Ciaran and Laurence O’Grady spoke to Insurance Post content director Jonathan Swift about the growth of the business.
LV, Axa and Keoghs smash fraud ring; Flood Re launches Build Back Better; Howden buys SPF; Go Insur backs start-up Insuristic
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Revolut in Allianz tie-up; AUB confirms Tysers talks; QBE poses resilience challenge; and Rear’s SPAC Financials Acquisition Corp to raise £150m via listing
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Intelligence: Fine art - Putting insurers in the picture
Fine art is a very traditional and discreet market, with lack of data making it hard to price risk accurately. Valerie Hart explores how IT solutions could lead to greater transparency and insurers making more informed decisions.
Watchdog seeks views on future of financial services compensation
The Financial Conduct Authority is looking for input on a ‘fair and sustainable’ compensation framework.
Iprism management complete MBO
Iprism’s leaders have completed a management buyout of the underwriting agency from Bowmark Capital, Post can reveal.
Lemonade acquires Metromile; Convex unveils 'multi-million-dollar partnership'; MNK Re launches UK arm and Chaucer in insurtech tie-up
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurance Post TV: COP26 Climate Summit special featuring Aviva, Axa and others
Insurance Post reveals the latest episode of its ‘magazine-style’ television show, Insurance Post TV, which gets under the skin of some of the key issues of the day.
Insurance Post Live Claims panel session: Creating a world-class customer experience in property claims
Customers should be front and centre when insurers design their claims processes.
Blog: Basement floods pose challenges for HNW adjusters
Loss adjusters saw claims of more than £1m after July floods hit London basements. James Long, Criterion Adjusters managing director, explains why these were so costly.
Hiscox’s Andrew Mitchell on making an exhibition again at long last
The fine art market is in resurgence after a bleak 18 months and the bumper calendar of blockbuster shows will enable Lloyd’s to show its unique value, says Hiscox UK line underwriter for art and private clients Andrew Mitchell.
Q&A: Julian Radcliffe, Art Loss Register and Watch Register
Julian Radcliffe, founder and chairman of the Art Loss Register, explains how the Watch Register – the ALR's dedicated service for the watch trade – is working with insurers and law enforcement to find stolen watches and catch thieves and fraudsters.