Insight
Brokers praise insurer response to storms claims
Storms Dudley, Eunice, and Franklin could cost UK insurers more than £400m in claims, according to Moodys.
People Moves: 21-25 February 2022
Keep up to the date with the latest industry moves in the insurance space.
Analysis: How do brokers feel about a four-day week?
Industry experts highlighted the benefits and challenges of a four-day week in the insurance space.
Pikl reveals £100m GWP ambition
CEO Louise Birritteri told Insurance Age that the company was also preparing to expand into the shared mobility space this summer.
Travelers snaps up Trov’s technology assets
Following the deal, the insurtech's team and its embedded technology will be positioned within Travelers' personal insurance segment.
Axa UK & Ireland P&C revenue rises as COR improves in 2021
The provider’s revenue in the region increased overall in the past 12 months as commercial grew but personal lines shrank.
Ageas investing in digital to win with brokers, says Middle
The provider has teamed up with EIS, Amazon Web Services and Willis Towers Watson on a range of initiatives.
MGA evolution can support broker independence, says Pro Global’s Danny Maleary
MGA leader assesses opportunities for brokers, changes in capital providers backing risks, market consolidation and the sector’s expansion.
Webinar: How can brokers make the most of digital tools?
Watch our panel of experts on 28 February to get fully up-to-date on digital trends. Our discussion features Open GI, 1Answer network, Hubb and C-Quence
Aston Lark builds on Irish expansion
The consolidator has revealed plans to keep expanding in the Republic of Ireland after sealing its eighth deal.
GRP-owned Premier Healthcare makes third buy
The broker is to acquire the business and assets of Amba Care and Wellbeing (Amba C&W).
Nexus rebrands as Kentro
Nexus Underwriting, an independent specialty managing general agent (MGA) in the London market, and Xenia Broking, a insurance and surety distribution specialist, will operate as distinct, independent brands under the Kentro holding company.
Profits up at Ageas UK but income and COR slip in 2021
Insurer saw growth in home business but motor gross written premium fell to £676.5m.
FCA supports long-term economic growth objective
Regulators quizzed by Treasury Select Committee.
Industry pulls together to mitigate flood risk
The British Insurance Brokers’ Association, the Association of British Insurers, and Flood Re have launched a Flood Insurance Directory to help customers access flood cover.
ABI pledges to double apprenticeships by 2025
The organisation has committed to offering 2,500 apprenticeships over the next three years and increasing inclusivity across the sector.
Wiser Academy relaunches insurance degree programme
Programme designed to help attract top talent into insurance straight from college.
MGA Lares launches unoccupied property product
The product is available to brokers via the Go-Insur digital insurance platform.
Broker Daniel Wilkinson found not guilty in sex assault case
Wilkinson was cleared of groping a woman at an industry awards dinner in 2017.
GRP to buy majority stake in Hamilton Fraser
Consolidator set to make third purchase of the year.
QBE International improves COR to 90.6%
The insurer’s international division, which includes the UK, posted a 15% increase in gross written premium for the full year 2021.
Blog: How insurtech ecosystems are creating value for brokers
CDL CEO Nigel Phillips sets out why brokers should be getting in on the action.
Cheshire broker rebrands as PHP Insurance
Firm targeting more acquisitions having bought Bradshaw Bennett in 2019.
M&A activity not 'sustainable', says IMAS founder Laughton-Scott
Prices are forecast to remain "pretty firm" this year.