Insurer
LV in talks with Allianz on GI stake sale
Provider confirms advanced talks with Allianz on "significant minority stake" in the business.
GWP grows to £393.3m at Esure
Profit before tax also increases 44.6% for the first half of 2017.
Aviva GI profits grow and COR improves
Aviva UK & Ireland also reports 17% growth in operating profit to £259m as net written premiums go up and digital investment pays off.
LV partners with Adrian Flux on blood bikes scheme
Scheme provides cover for volunteers transporting blood to and from hospitals.
Kanye West sues Lloyd’s over cancelled gigs
The rapper is suing a number of Lloyd’s syndicates for $10m.
RSA UK underwriting profit takes Ogden hit
CEO Steve Lewis says results were also impacted by large claims and a claims inflation in household.
RSA reveals rising profits for H1 2017
COR improved to 93.2% for the six months ended 30 June 2017.
CII reveals rebrand
The refreshed branding reflects a new strategy.
Direct Line Group posts growing profit
Insurer reveals rising profits and GWP, despite £49m discount rate hit.
Profits up at Go Compare
The aggregator saw adjusted operating profit grow to £17.5m for the six months ended 30 June 2017 following Esure demerger.
Ogden decision to be published on Thursday
The government's response follows the consultation on how the discount rate should be set in the future.
Elite challenged Gibraltar regulator in court
The insurer, which recently stopped writing new business, challenged regulatory interventions by the Gibraltar Financial Services Commission.
Hiscox sees strong growth in the broker channel, says Langan
Hiscox CEO "very pleased" with insurer's financial results for the first half of 2017.
Markerstudy launches HNW scheme
New offering to cover prestige motor vehicles including classic cars and motorhomes.
Hiscox posts rising GWP but falling profit for H1 2017
Provider's COR also deteriorated in the first half of the year.
Liberty enters equine and livestock market
The insurer is establishing underwriting teams in London and the cover will include everything from horses to pandas.
Broking break: Your Top Five
Marmalade, the Financial Conduct Authority, Gable and Moneysupermarket.com hit the headlines this week, with new products, regulation updates, return payments and a fine.
InsurTech Futures: Allianz partners with start-up Flock on drone insurance
The first product will be a mobile app for pay-as-you-fly drone insurance.
Brokers still unsure on Flood Re distribution
Biba welcomes the commitment to intermediaries but brokers are unsure how it will work in practice.
Ogden: Brokers and insurers want discount rate of betwen 0 - 1%
Poll suggests two thirds think the rate should settle at between 0 - 1%.
Markel posts improved COR for Q2 2017
However the figures for the first half of 2017 dip slightly from the same period in 2016.
FCA proposes to extend the senior management regime to more firms
Under the proposals almost all regulated firms, including brokers, will have to comply with the senior management and certification regime.
Gable policyholders receive £8.3m return payments
The FSCS has given 28,000 return of premium payments to former policyholders of Gable Insurance.
Flood Re targets broker distribution
The organisation said in its annual report that “more work needs to be done to improve access to Flood Re backed policies through insurance brokers”.