Insurer
#Insagepeople: 5 - 9 August 2019
Stay up to date with the latest people moves.
Former AIG claims handler jailed for £390,000 fraud
The convicted admitted to defrauding the company in order to fund his drug habit and has been sentenced to two years in jail.
Digital Fineprint to tackle underinsurance in SMEs with new product
InsurTech Futures: Product will alert brokers and insurers to notable business changes that can impact pricing or risk selection.
AmTrust International buys Legal Insurance Management Group
Business will work alongside AmTrust subsidiary Arc Legal.
ERS blames COR deterioration on Ogden
Despite its Ogden woes, the motor insurer was able to post a £3.1m profit for H1 2019.
Ghost broker sentenced for 18 counts of fraud
The “prolific” scammer was caught after Hastings identified a number of incepted policies in 2016.
Dye commits to great broker service following branch closures
The Allianz CEO points to 3.7% underlying business growth as he discusses the provider's half-year results and weighs in on the amended discount rate.
Quizzical Questions: 2 August 2019
Test your knowledge of the week's news with our topical quiz.
LV deal continues to affect Allianz numbers
Purchasing the remaining stake in LV has impacted the provider’s half-year numbers.
Collapsed Alpha replacement cover deal hits problems
FSCS flagged that “last minute issues” are preventing the deal being finalised as it admits it is unsure what the final outcome will be.
Former Lloyd’s chief actuary joins ERS
A number of management changes will also see Peter Smith return to the firm as claims director.
RSA’s Egan issues cautious welcome to H1 results
The CEO for UK & International is awaiting full year numbers ahead of any celebration as UK COR improves to 94%.
Broker Expo 2019: Q&A with speaker Ashley Rogoff
Rogoff, managing director of Ashley Page, discusses cyber in the lead-up to 7 November.
#Insagepeople 29 July - 2 August 2019
Stay up to date with the latest people moves.
IPT haul smashes records to hit £6.3bn in 2018/19
Government pulls in highest ever income from the "golden goose" tax which has more than doubled since the year 2013/14.
Van insurance premiums shoot up
The sector continued to display big pricing disparities across age groups and experts warn Ogden will increase market volatility.
Direct Line points to NIG growth in H1 results
In force policies at the broker-focused part of the business grew 2.4% as the group numbers flag a £15.9m Ogden hit.
Sabre releases steady 2019 interim results
Firm head believes brokers have a bright future in motor providing they are aware of their place in the value chain.
Google: Brokers are an important part of the value chain
We talk with David Black, MD financial services at Google UK, about how the tech giant sees insurance evolving, disruption, and the place for brokers in a tech-led world.
Nexus buys specialty MGA Plus Risk Limited
Nexus group CEO Colin Thompson says to expect more acquisitions.
FCA unveils extension of the SM&CR
Changes made to the regime will be implemented on 9 December 2019, the same date that brokers will start to have to comply with the rules by.
Rise in motor insurance prices last quarter
Data gathered by the ABI finds repair costs climb to £1.2bn in Q1 2019, the highest since the ABI started the survey.
Hiscox UK shrinks amid global growth in interim results
Chairman Robert Childs blames the integration of a new IT system.
Red Sands scoops up failed insurer Lamp’s home policies
Now4Cover has moved the customers to Gibraltar-based provider Red Sands.