Scott McGee

London

News Editor at Insurance POST

News Editor @Insurance_Post [email protected] Views my own

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Articles

Direct Line leader exodus continues ahead of Aviva deal

4 days ago | postonline.co.uk | Scott McGee

Skip to main content End of drawer navigation content Direct Line leader exodus continues ahead of Aviva deal Insurance Post can reveal that more members of Direct Line Group's leadership team are set to leave the business ahead of the firm’s move over to Aviva next week.
Big Interview: Michael Lee, First Central

4 days ago | postonline.co.uk | Scott McGee

Michael Lee, CEO of First Central, sits down with Scott McGee to run through the company’s transformation over the last few years, why he won’t be rushed into growing the home and motor books, and the potential of new investment. After rumours of the firm looking for a buyer over the years, First Central’s CEO, Michael Lee, confirms new investment might be on the cards for the personal lines insurer. Speaking exclusively to Ins Copyright Infopro Digital Limited. All rights reserved.
Direct Line’s Winslow and Poole to step down

5 days ago | postonline.co.uk | Scott McGee

Adam Winslow and Jane Poole will both step down from their roles once Aviva completes its acquisition of Direct Line Group. Last week, Aviva laid out a timeline for the completion of the deal, worth £3.7bn, with it due to be completed on 1 July following a sanction hearing. As a consequence of the deal, DLG has today (23 Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
First Central appoints ex-Endsleigh CEO as NED

1 week ago | postonline.co.uk | Scott McGee

Former Endsleigh CEO Alison Meckiffe has joined First Central as an independent non-executive director as talks around a flotation pick-up speed. Meckiffe, pictured, left Endsleigh at the start of 2024 after almost four years at the broker, before taking a career break. She was replaced by executive director Jo Taylor, who took Endsleigh through Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
Can the FCA fix the premium finance problem?

1 week ago | postonline.co.uk | Scott McGee

News Editor’s View: As the Financial Conduct Authority prepares to publish the initial findings of the premium finance market review, Scott McGee asks what options does the regulator have to fix the “tax on being poor”?
Allianz cutting 650 UK insurance jobs

1 week ago | postonline.co.uk | Scott McGee

Allianz has confirmed plans to cut 650 jobs in its UK insurance business. The news came after Zego CEO Sten Saar spoke on the reduction of capacity in the market amid softening. “A lot of insurers are losing their quarter share capacity and so forth, actually. And also, the Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
Changing nature of cyber threat leads to ‘brittle’ risk landscape

1 week ago | postonline.co.uk | Scott McGee

Beazley’s group chief underwriting officer, Paul Bantick, has said the cyber pricing environment is at a “pivotal stage”, describing it as “brittle” due to the changing threat landscape. Andy Briggs, CEO of Phoenix Group and recently appointed president of the Association of British Insurers, said cyber threat is one of the most worrying risks for all financial services firms.
LMA chief calls for international collaboration to cover large losses

1 week ago | postonline.co.uk | Scott McGee

Sheila Cameron, CEO of the Lloyd’s Market Association, has called for the industry and global government bodies to collaborate more in order to fill the protection gap currently present for large, catastrophic risks.
Insurers exposed for pricing bias over payment preference

1 week ago | postonline.co.uk | Scott McGee

End of drawer navigation content Insurers exposed for pricing bias over payment preference Some insurers and brokers on price comparison websites are inflating motor premiums based solely on whether a customer indicates a preference for paying monthly instead of annually, an investigation by Insurance Post has revealed.
FCA and PRA greenlight Aviva’s Direct Line takeover

1 week ago | postonline.co.uk | Scott McGee

The Financial Conduct Authority and the Prudential Regulation Authority have both given the go ahead for Aviva’s £3.7bn acquisition of Direct Line Group. In a statement released this morning, Aviva and DLG said: “The FCA and the PRA have each given written notice to Aviva approving the acquisition of control in respect of a UK authorised person Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.