- News
Price of tower block insurance finally slashed
Insurance premiums for leaseholders waiting for combustible material to be removed from their blocks of flats could plummet by up to two thirds following the launch of the Association of British Insurers’ Fire Safety Reinsurance Scheme today (13 March),…
- Personal
Direct Line rejects second bid from Ageas
Direct Line has rejected a second takeover approach from Belgium’s Ageas, with a spokesperson for the provider known it's red telephone on wheels mascot claiming it's rival continues to “significantly undervalue” the business.
- News
Allianz sells Premierline to Academy
Academy Insurance Services has reached an agreement to acquire Premierline from Allianz Holdings, as it looks to grow the business’s Ebitda six-fold in five years.
- News
Aviva to continue pricing ‘ahead of inflation’
Jane Poole, Aviva’s chief financial officer for UK & Ireland General Insurance, has said the insurer will still price ahead of inflation moving forward, after seeing "early signs" of the motor market softening.
- News
Insurtechs partner up to tackle ‘unaffordable’ SME cover
Blip’s CEO shares how the business has partnered with Wakam to “disrupt the status quo” and provide competitively priced and easy to understand small businessinsurance.
- News
R;pple to expand suicide prevention tool to other harmful searches
R;pple, a tool that picks up on harmful searches related to suicide, will expand its reach to other harmful searches, co-founder and CEO Alice Hendy told Insurance Post.
- News
First Central ‘back in the market for a buyer’
Sources have claimed First Central Group is looking for a buyer, after a previous attempt to sell the business fell through.
- People
Aventum founder ‘extremely proud’ as son impresses on Formula One debut
18 year-old Ollie Bearman, the son of Aventum CEO and founder David Bearman, made his Formula One debut this weekend, finishing an impressive 7th after filling in for Ferrari teammate Carlos Sainz.
- News
Aviva’s Lloyd’s entry opens up ‘billions of pounds of business’
Aviva’s UK and Ireland general insurance CEO Jason Storah tells Insurance Post “there are billions of pounds of business that doesn’t get presented to Aviva” because it goes through Lloyd’s.
- Lloyd’s/London
Lloyd’s to up cyber and nat cat scrutiny as market grows
Lloyd’s has laid out its approach to managing cyber and natural catastrophe risk, as the market presses on with plans to grow and build on the profits it made in 2023.
- News
SimplyBusiness and Zurich partner; Howden buys Hencilla Canworth; Flood Re joins Biba
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
- Lloyd’s/London
Insurance Women’s Inclusivity Network strikes a pose for IWD
For International Women’s Day, the Insurance Women’s Inclusivity Network took part in a special photoshoot inspired by the recent Voguemagazine cover featuring “legendary women”.
- Technology
Esure addresses issue with renewals and quotes
Esure insists an issue with the £141m digital transformation that resulted in the provider temporarily being unable to offer renewals to some customers has now been fixed.
- Lloyd’s/London
Lloyd’s reports £5.9bn underwriting profit for 2023
Lloyd’s has revealed the market achieved a £5.9bn underwriting profit in 2023 ahead of the publication of its full-year results later this month.
- Lloyd’s/London
Beazley CEO hails ‘standout year’ for property underwriting
Beazley CEO Adrian Cox has labelled property risks as one of the insurer’s “biggest long-term opportunities”, saying that underwriting conditions increasingly favour the specialty market.
- Personal
Admiral CEO shares electric vehicle ambitions
As Admiral reported pre-tax profits of £597m from its UK insurance operations in 2023, CEO Milena Mondini De Focatiis revealed to Insurance Post the insurer’s ambitions to be a “leader in electric vehicles.”
- News
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.
- News
IPT haul helps Hunt fund 2p National Insurance cut
In today’s Budget documents, the Office for Budget Responsibility increased its estimated tax haul from insurance premium tax by more than £370m between 2023-24 and 2028-29.
- Commercial
Allianz Commercial bolsters regional distribution management
Allianz Commercial has appointed four regional distribution managers covering the South, North, Midlands and the South West, and London regions.
- Commercial
Hiscox sets sights on 5%-15% retail growth after subdued 2023
Hiscox is aiming to grow its UK retail business by 5% to 15% in 2024, after new business growth in 2023 fell “below management expectations”.
