Reinsurance
Big Interview: Louise O’Shea, CFC
Louise O’Shea, group CEO of CFC, sits down with Insurance Post to discuss where the business is heading following its change of management and what the ‘next cyber’ might be.
Broker earnings boosted by 11.3% in 2023
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around $168bn (£132bn) in 2023, up from about $151bn in 2022 on a constant currency basis, according to research by Insuramore.
Insurance’s problem with a shrinking pool of arbitrators
Mark Everiss, partner in insurance and reinsurance at Eversheds Sutherland, explores the practicalities of, and difficulties in, finding a competent impartial tribunal of arbitrators to determine insurance and reinsurance disputes.
How is insurance stepping up amid election uncertainty?
With a record number of elections in 2024 set to introduce substantial unpredictability into an already volatile risk environment, Edmund Tirbutt examines how insurance is engendering resilience amidst unrelenting geoeconomic uncertainty.
Tribunal slams ‘connected’ leasehold insurance arrangement
A tribunal has ruled that leaseholders in a block of flats were overcharged by 145% after it had “not been presented with one item of documentary evidence to suggest that the insurance premiums for the building are competitive”.
Flood Re hopes flood resilience garden will improve awareness
Unveiled at the RHS Chelsea Flower Show, the Flood Resilient Garden aims to demonstrate that homeowners don’t have to compromise on their gardens regarding flood resilience.
Insurance’s wealthiest figures revealed
Douw Steyn, founder of BGL Group, the parent of Compare the Market, has climbed 23 places to make it to 58th position on this year’s Sunday Times Rich List.
Power List: Ones to watch in insurance in 2024
Here are the ones to watch who narrowly missed out on a place in this year’s Insurance Post Power List, but based on their role, career to date and growing influence look set to feature in future rankings.
Simon Matson, Gallagher
Simon Matson, executive vice president of Gallagher Global Brokerage, is a familiar face in the general insurance industry.
Insurance influencer argues AI scares the ‘antiquated’ industry
The insurance industry is terrified of AI, which could delay its adoption in the insurance industry, according to Instagram insurance influencer TheHardMarket.
Flood Re makes changes to ‘address evolving landscape’
Flood Re has today announced changes to key scheme parameters, with the aim of ensuring the continued availability and affordability of flood insurance.
Insurers' struggle to fill job vacancies laid bare
Data analysis: The extent to which insurance is an experienced employee’s, rather than an employer’s, is laid bare by recruitment adverts posted at the start of this year.
Aviva’s telematics app; Ardonagh buys Westfield; Swiss Re appoints group CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Cila boss’s son gets approval for ‘challenger broker’
Chris Bissell, son of Chartered Institute of Loss Adjusters’ executive director John Bissell, has received Financial Conduct Authority approval for his broker firm Bissell & Partners.
Turbulence in the aviation insurance market
Between the aftershocks of a global pandemic and the spectre of losses resulting from the seizure of aircraft in Russia following the invasion of Ukraine, Harry Curtis explores how the 2020s got off to a turbulent start for aviation insurers.
ABI insists fire safety scheme is temporary
Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning…
Aviva cites ‘favourable’ PL rating as UK&I GI profits surge
Aviva has reported its UK and Ireland general insurance business grew gross written premiums by 16% while the provider’s operating profit surged 63% in 2023, and GI CEO Jason Storah said he is “confident” the business “will build on success” in 2024.
Q&A: Gus Majed, Paratus
Gus Majed, group CEO and founder of Paratus, explains why he launched the business to offer energy and freight insurance policies to protect producers and consumers from energy price risks.
Q&A: Paul Jewell, Bridgehaven
Paul Jewell, CEO of Bridgehaven, talks to Insurance Post about the advantages of the hybrid fronting model and reinsurers’ reticence around motor business.
Beazley’s cyber security arm; Brokerbility joins Insurtech UK; Lloyd’s confirms general counsel
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Impact of war in Ukraine on insurance
Two years on from Russia invading Ukraine, David Worsfold examines the ongoing impact of the war on global insurance markets.
Allianz’s claims fraud savings; WTW’s cyber facility; Biba’s London committee chair
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Howden increases global revenue by a third
Howden has announced further growth for the year ending 30 September 2023, fuelled by 56 acquisitions across the globe.
AA buys Key Care; RSA launches hub; Gallagher Re’s Melia to retire
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.