Insurer
Aviva gives e-trade brokers commission flex up to 35%
Aviva has written to brokers that use its own e-trading platform Fast Trade – as well as Acturis E-Trade – telling them they can set their own commission rates within set parameters, Insurance Age has learned.
Markel appoints Nicola Cunliffe to drive broker trading
Markel has named Nicola Cunliffe as head of trading in the UK, with responsibility for brokers’ experience when dealing with the insurer.
Flood Re names Perry Thomas as CEO
Flood Re has appointed Perry Thomas as CEO succeeding Stuart Logue, who has been leading the organisation on an interim basis since last August.
Meet the MGA: Carrow Insurance
Looking to mend the disconnect between MGAs and carriers to get back to the ‘win-win situation’ where consistency and partnerships are a focus, Carrow Insurance will only write in product areas it has deep-seated expertise, CEO Ronan Conboy tells…
Allianz planning new regional broker office in 2025, says Holmes
Allianz has plans for a new branch in 2025, UK CEO Colm Holmes told Insurance Age, as he highlighted the provider’s commitment to regional underwriting.
Insurers and brokers must develop services to help customers understand risks – Neil Galjaard
A panel at the Association of British Insurers annual conference explained SMEs and mid-corporate businesses need education on risk management, with insurers and brokers playing a key role.
FCA and PRA committed to driving competition and innovation
The Financial Conduct Authority is looking at what rules can be stripped out following Consumer Duty and if fair value assessments need to be every year.
Allianz UK boosts GWP in 2024 as operating profit up 52%
Allianz UK has reported a 5.5% rise in total business volume last year to £4.66bn with profit surging ahead.
People Moves: 24 – 28 February 2025
Stay in the loop with the latest personnel moves in insurance.
Aviva “ruthlessly focused” on being consistent for brokers, says CEO Storah
Aviva grew UK SME business by 12% in 2024 with a more or less 50/50 split between rate and policy count growth, its UK and Ireland general insurance CEO has told Insurance Age.
Robic succeeds Furby as EMEA president at Chubb
Ana Robic has been appointed regional president for Europe, Middle East and Africa at Chubb, succeeding David Furby, who has been named executive chairman of EMEA.
Insurance industry needs to improve communication on motor premium costs – Colm Holmes
At the Association of British Insurers Annual Conference today, Allianz UK CEO Colm Holmes claimed the insurance industry is doing a “poor job” of explaining the reasons for costs of premiums.
Ageas UK premiums up 21% in 2024 to €1.85bn
Ageas grew UK premiums by 21% last year to €1.85bn (£1.52bn), driven by expanding the customer base and premium rate in motor, its parent has confirmed.
Hiscox UK reports best growth since 2018 on back of “reinvigorated” distribution strategy
Hiscox has recorded its strongest growth in its UK retail business since in 2018 as the group reported a record pre-tax profit of $685.4m (£540.6m) in its 2024 full year results on written premiums of $4.77bn.
Aviva scores double-digit UK profit and volume growth in 2024
Aviva has posted 16% UK gross written premium growth in 2024, as its combined operating ratio improved to 94.9%.
US parametric specialist buys Floodflash
Insurtech Floodflash has agreed terms to be bought by US parametric insurance specialist NormanMax Insurance Holdings.
Polaris eyeing up £500m GWP milestone for imarket in 2025, confirms Banga
“I don’t want to tempt fate, but on current trajectory, we should be getting close [to £500m GWP] by the end of 2025,” Polaris managing director Vivek Banga told Insurance Age.
Four more S166s into insurance firms
The Financial Conduct Authority commissioned four skilled person reports into insurance businesses between October and December 2024, taking the running total for the financial year into double digits.
Insurer service improves but claims and consistency causes challenges – Gracechurch
Specialist insurance research consultancy Gracechurch has reported a nine-point uplift in the market average net promoter score of insurer service over the past six months.
Interview: RSA commercial managing director Sonya Bryson on being the “insurer on speed dial” for brokers
RSA commercial managing director Sonya Bryson told Insurance Age the insurer has established its regional footprint as she shared insight on traded SME and servicing risks better that fall between e-trade and mid-market, but admitted it is behind…
RSA testing “the art of the possible” on turnaround times
RSA is piloting how quickly it can turn around “fairly straightforward risks” in its national trading centre in Manchester, commercial managing director Sonya Bryson told Insurance Age.
Prestige becomes preferred non-standard household partner for Ardonagh Advisory
Specialist managing general agent Prestige Underwriting has entered a strategic partnership with Ardonagh Advisory.
QBE hails “excellent” International COR of 88.7%
QBE International grew gross written premium by 11% to $9.84bn (£7.78bn) last year as the combined operating ratio improved.
US consolidator completes first overseas deal with UK MGA buy
Bishop Street Underwriters has completed its acquisition of Landmark Underwriting, a specialty-focused managing general agent based in London.