Insight
Applied Net 24: Commercial lines panel main UK market challenge for software house
Taylor Rhodes, CEO of Applied Systems, claimed the challenge in the UK market is the commercial lines panel from insurers and getting them to broaden their panel placement.
Six-year low, but 76% of UK properties still underinsured
The percentage of UK buildings underinsured has dropped to 76%, which while a six-year low is still “unacceptably high”, according to specialists.
Cinven buys half of Policy Expert
Private equity house Cinven has signed up to buy 50% of Policy Expert from the Abu Dhabi Investment Authority.
Applied Net 24: Applied eyes opportunities for automation
Applied Systems sees opportunities for automation and data use, as its clients number one ask is for more operational efficiencies, chief product officer Anupam Gupta told journalists at Applied Net 24.
Broker Expo 2024 Countdown: Nick Hobbs, chief distribution officer, Allianz Commercial
As we count down to Insurance Age’s Broker Week, we asked our Broker Expo speakers to share some insights into the event, market issues and who are the most heavy metal people in insurance. Today, we focus on Nick Hobbs, chief distribution officer at…
Markel launches FintechRisk+ policy
Markel has launched FintechRisk+ in its second insurance policy development of the week.
Biba and MGAA reveal formal affiliate status
The British Insurance Brokers’ Association and the Managing General Agents’ Association have become affiliates in a move they flagged formalised their working relationship.
Cyber stalking, abduction and bribery among risks covered by new Hiscox product
Hiscox has launched Personnel Security Plus
Addept and All Broker Services partner on ancillary insurance distribution
Specialist ancillary insurance providers Addept Insurance Services and All Broker Services have teamed up in a product distribution partnership.
Blog: Try it, test it, embrace it
As AI comes of age, CDL CEO Nigel Phillips sets out why it’s time to harness a new era of AI capabilities.
Markel adds legal expenses to PI combined
Markel has added legal expenses cover as standard to its professional indemnity combined product in a move it stated was in response to broker feedback.
Meet the MGA: Criterion
Looking to challenge the status quo when it comes to insuring waste and recycling businesses, underwriting director Stuart Kinsella explains why having no referral parameters and deep expertise in the sector means Criterion is well positioned to make its…
Broking Success: Galloping forward with Harry Hall
Liz Hopper, managing director of equine specialist Harry Hall and CEO of the group holding company, aims to double gross written premiums in the next 24 months and broaden the product offer.
Marsh and LMG leaders call for proportionate regulation at parliamentary session
Chris Lay, CEO of Marsh McLennan UK and of Marsh in the UK, and Caroline Wagstaff CEO of the London Market Group, have called for proportionate and agile regulation of insurance in an evidence session at Parliament.
Aventum 100% staff owned as part of employee ownership scheme
Aventum is now 100% owned by its workforce under a new global employee ownership scheme with all staff having been rewarded with the equivalent of twice their annual salary in share value.
FCA warns principals against ‘tick-box’ approach to ARs
A review by the Financial Conduct Authority of its rules on appointed representatives has found some firms taking a tick-box approach to compliance, relying on basic information like website checks, or using self-declarations from their ARs to…
Axa UK & Ireland looks to Aviva for new CRO
Axa UK & Ireland has appointed Rahul Gumber as chief risk officer, subject to regulatory approval.
People Moves: 2 – 6 September 2024
Follow the latest insurance personnel moves.
Allianz reveals rise in cloned businesses motor fleet fraud attempts
Allianz UK has reported a “marked increase” in fake or cloned businesses claims coming through in the first half of the year, as it also highlighted strong collaboration with brokers has further heightened fraud awareness and detection.
Commercial Express launches tattoo and body piercing product
Commercial Express has launched a tattoo and body piercing product, giving brokers access to a customisable package product.
Lloyd’s notches up best interim COR since 2007 as profits grow
Lloyd’s has reported its combined operating ratio has improved to 83.7% in its half year results, its best interim COR since 2007.
HDI Global leader Stephanie Ogden reveals UK & Ireland exec team
Newly appointed CEO for HDI Global’s UK and Ireland business, Stephanie Ogden, has unveiled her new executive team.
Interview: Coalition’s Tom Draper on doubling in cyber with brokers
Cyber specialist insurer Coalition has grown to 32 people in the UK working with over 5,000 insurance staff in brokers across the country since going live in 2022, and is looking to expand again with a network of regional underwriting hubs, according to…
Coalition to set up regional underwriting hubs
Coalition has recruited Philip Cruickshank from Aon as a regional development underwriter based in Manchester, as it embarks on creating a series of hubs in the country, Insurance Age can reveal.