Commercial
ABI campaigning for IPT cut
There has never been a greater need for a cut in Insurance Premium Tax according to the Association of British Insurers as it campaigns for an immediate drop in the rate.
A leap yeAR blog
On this different numerical day, Emmanuel Kenning takes a look at two sets of intriguing stats from the past month.
RSA’s Cath Frost moves to Hiscox as UK COO
Hiscox has appointed Cath Frost as UK chief operating officer from RSA where she was mid-market managing director for UK commercial lines.
Marine MGA Amphitrite gets full FCA approval
Amphitrite Underwriting London has confirmed receiving full authorisation from the Financial Conduct Authority on 31 January 2024.
The stats: Hard market remains - but for how much longer?
Property and fleet rates remain stubbornly high as shown by the latest Q4 figures from the Acturis Commercial Lines Index, Rachel Gordon reports.
Holmes promises to ramp up focus on smaller brokers and across mid-market
Allianz has been growing in SME business and will push ahead further with smaller brokers this year alongside targeting growth in mid-market, according to UK CEO Colm Holmes.
Blog: How brokers can help clients prepare for the next wave of cybersecurity regulation
Brokers can’t afford to be mere bystanders in understanding the upgraded cyber rules of GDPR, and the benefits and process involved in being SOC 2 compliant. Simon Hughes, VP and general manager at Cowbell, explains.
Allianz Holdings tops £4bn for first time with profits surging in 2023
Allianz Holdings grew gross written premiums by 7.4% in 2023 as operating profits jumped 65% reversing the fall in 2022.
C-Quence enhances management liability with legal expenses
C-Quence has unveiled ML6, enhancing its management liability offering with a legal expenses module and the addition of a range of client support services.
Aon-NFP deal clears key hurdle in US
Aon’s $13.4bn (£10.6bn) purchase of NFP has passed a crucial test in the US, with the transaction still expected to close in the middle of this year.
Blog: UK SME cyber resilience – let’s reverse the backwards trajectory
Ian Summerfield, head of cyber at Pen Underwriting, on how brokers and providers must work together to move the dial of SME cyber insurance.
FCA survey outlines broker Consumer Duty performance and room for improvement
The Financial Conduct Authority has released the findings of a survey of 634 mainly SME firms, including 82 personal and commercial lines intermediaries, on compliance and action taken in response to the Consumer Duty.
Has cyber reached a tipping point with new entrants and incumbent product pushes?
Against a backdrop where the Financial Conduct Authority has warned the cyber insurance market over its concerns on policy wordings, a recent survey has found over one-third of brokers are still not selling this product. Siân Barton mulls whether a raft…
Tint’s Jodi Cartwright on shifting the customer acquisition timeline
Tint Financial Services is targeting going live with broking before the end of the year with the goal of becoming an award-winning broker, chief commercial officer Jodi Cartwright has confirmed.
Start-up broker partners with Agile on fleet claims app
Agile Developments Group has partnered with brokerage Hummingbird Insurance Services to deliver the Agile claim app, portal and dashboard tailored to meet the needs of its fleet clients.
“Strong momentum” in UK commercial at QBE as international business rises in 2023
QBE has reported a 17% rise in net insurance revenue and gross written premiums for international business in 2023.
Brokers told to act now over BT Redcare closure
Brokers should alert clients about the closure of BT’s Redcare signalling system next year, and need to find an alternative supplier as soon as possible to avoid “installation bottlenecks”, insurers have warned.
Ansvar launches business, office and retail policy
Ansvar has launched a business, office and retail policy designed for business activities of social enterprises, commercial organisations, shops and offices.
Simon McGinn builds Dual team with Allianz’s Catherine Dixon as CUO
Dual UK has appointed Catherine Dixon as chief underwriting officer and Rob Corner to the new role of chief distribution officer, reporting to CEO Simon McGinn.
Interview: Matt Pawley, NFP
NFP’s Matt Pawley reflects on record levels of M&A, organic growth, brands and business as usual as the Aon deal looms.
Allianz creates financial lines claims team in D&O and PI push with brokers
Allianz has created an in-house financial lines claims team covering mid-corp and SME firms, focusing on directors & officers and professional indemnity business.
TBIG takes stake in Jenkinson Insurance and Penk Insurance
The Broker Investment Group has taken a 49% stake in both Rotherham-based Jenkinson Insurance and Chesterfield-based Penk Insurance.
Brokers updated on RSA purchase of NIG
Between May and July, NIG will transfer people, premises and assets and then start to move customers to RSA in a phased approach expected to be completed in Q3 2025.
Allianz Commercial sees double-digit jump in fraud detection again
Allianz Commercial detected £77.4m worth of claims fraud in 2023 – up from £70.7m in 2022 – with application fraud savings of £1.95m.