Insight
Enforcement director Mark Steward to leave FCA next year
Mark Steward will be stepping down as the Financial Conduct Authority’s executive director of enforcement and market oversight in Spring 2023 after seven years with the regulator.
RSA becomes menopause friendly employer
RSA Insurance is now an accredited menopause friendly employer, making the announcement today on World Menopause Day.
Insurers and brokers detail employee help amid cost-of-living crisis
Numerous insurers and brokers have revealed one-off payments and wage increases for staff as the cost of living crisis hits worker's pockets. Insurance Age details some of the financial and other help being provided below.
Lucida posts rising revenue for 2021 after string of takeovers
Lucida Broking Holdings has reported a 28% increase in revenue for 2021 to £39.28m across broking, underwriting and the provision of services to the insurance sector.
Aviva adds Dave Martin as Gareth Hemming exits
Aviva has confirmed the appointment of Dave Martin as managing director of UKGI distribution & SME replacing Gareth Hemming who is leaving the insurer.
People Moves: 10-14 October 2022
Keep up to date on the latest personnel changes in insurance.
Applied Systems targets UK "number one" status drawing on US strength
Speaking to sister-title Post at the Applied Net conference in Nashville, CEO of Applied Europe, Tom Needs said having a US arm allowed the UK and Ireland business to experiment and innovate more.
A-One launches academy
A-One Insurance Group has launched a grow-your-own academy to bring new employees into the industry.
New roles for Jane Kielty and James Baum as Aon revamps UK commercial risk leadership team
Aon has appointed Jane Kielty as head of commercial risk UK with James Baum switching to be head of wholesale and specialty broking.
FCA contemplated commission level ban in flats insurance review
The Financial Conduct Authority “considered a number of options” as it worked on the multi-occupancy buildings insurance review and “one of them would include whether we should go forward and try to think about potential price caps or bans”, Sheldon…
Zurich to open offices in Bristol and Southampton
Zurich is set to open an office in Bristol this year and aims to open in Southampton next year, Insurance Age can reveal.
Insurance set for boom in machine learning, Bank of England survey finds
Insurance is growing its adoption of machine learning applications faster than any other financial sector, a Bank of England survey has found.
Pen Underwriting Limited revenues in UK rise as it targets £1bn GWP
Pen Underwriting Limited’s turnover in the UK rose by 1% in 2021 as it remained on course for its £1bn gross written premium target, according to year-end accounts filed at Companies House.
MS Amlin Underwriting names Andrew Carrier as CEO
MS Amlin Underwriting has appointed Andrew Carrier as CEO, he is currently chief underwriting officer and will take up the role on 1 January 2023, subject to regulatory approval.
Blog: What next for ex-Zurich retail boss Martin?
As revealed by Insurance Age, Zurich head of retail Dave Martin has flown the nest. With the next home yet to be announced Emmanuel Kenning looks at where he might land
FCA continues to flounder on approved person authorisation targets
The Financial Conduct Authority is falling short on targets in speedily giving individuals approved person status to carry out work and has posted a worsening performance on approving changes of control requests for firms.
RSA survey reveals underinsurance concern among brokers
Research which was conducted by Censuswide among 207 brokers on behalf of RSA last month, has revealed that 93% of brokers believe underinsurance poses a major threat to UK businesses during economic unrest.
Jensten completes Ravenhall buy
The Jensten Group has completed the purchase of Ravenhall Risk Solutions, following final regulatory approval, bringing an additional 2,500 clients and 25 staff to the group.
Zurich retail head Dave Martin quits
Zurich head of retail Dave Martin has resigned, Insurance Age can reveal.
Lloyd’s finishes cyber threat investigation and starts restoring online systems
Lloyd’s has found “no evidence” its systems were compromised following an investigation into a cyber threat.
News analysis: Agriculture – how can brokers help the sector face up to risks, old and new?
Whether it is inflation, weather, rural criminals or staff shortages, the agricultural market has certainly borne the brunt when it comes to feeling the force of social and climate change. Martin Friel investigates how the insurance sector is helping…
Market Moves – October 2022
The latest recruitment news from around the industry.
Products: October 2022
Product launches including cover for electric vehicles, carbon credit insurance, the media and entertainment sector and private clients.
Headline Makers: October 2022
The key stories from the past month all in one place.