Insurer
Adrian Furness leaving Covéa; Georges de Macedo named CEO
Georges de Macedo has been named CEO of Covéa Insurance with immediate effect, succeeding Adrian Furness, who is leaving the business, the insurer has confirmed.
Liberty Mutual keeps Hughes in near £2bn assets sale to Generali
Liberty Mutual Insurance has held on to Northern Ireland-based broker Hughes Insurance as it struck a deal to sell its personal lines and small commercial operations in Western Europe to Generali for €2.3bn (£1.97bn).
Meet the MGA: Inperio
After applying for a holiday job, Inperio director Simon Lovat began a career in insurance and rose through the ranks of the industry. He now runs a successful managing general agency and a number of businesses that sit alongside it. He gives his tips on…
Brokers can no longer rely on insurer ‘pipeline’ to win war for talent
Brokers need to build their own pipeline of staff to win the war for talent because insurers are not going to do it for them anymore.
FOS insurance complaints rise 19.9%
The Financial Ombudsman Service opened 39,730 new insurance cases in 2022/23.
FCA issues warning on UKGlobal Broking Group clone
The Financial Conduct Authority has warned that fraudsters have been trying to scam people using a clone of Howden-owned UKGlobal Broking Group.
Editor’s letter: Cash flow underwriting – stupidity over substance?
Having written about insurance for more than 25 years, I have learned that many things related to the sector are cyclical.
Buyers circle up-for-sale UK motor capacity provider Accredited
Accredited is in a sale process with a number of buyers interested in purchasing the business, owner R&Q has confirmed.
The stats: Q1 2023: Onwards and upwards – commercial rates continue to rise
Insurance rates increased year-on-year by 4.5% in the first quarter of 2023 with property being the key driver according to research from Acturis. Rachel Gordon digs into the data.
Oxbow Partners forecasts motor market COR of 106.1% in 2023 and 100% in 2024
Oxbow Partners has predicted a combined operating ratio for the UK personal lines motor market of 106.1% in 2023, improving to a break even point of 100% in 2024.
New MGA Capacity Insights targets travel and consumer markets
Managing general agent Capacity Insights has launched in the UK accident and health insurance market with a particular focus on travel, health, dental and personal accident schemes.
Arag tops £60m GWP as profits return to £500,000
Legal expenses insurer Arag broke through the £60m gross written premium barrier in 2022, building on the previous year’s growth when it topped £50m for the first time.
People Moves: 5 – 9 June 2023
Keep up to date with the latest personnel moves in insurance.
Exiting Chaucer boss John Fowle to join rival Lloyd’s insurer
Chaucer group CEO John Fowle is to join Lloyd's insurer Atrium Underwriters.
Axa brokers to get customer boost with Premium Credit digital system
Axa Commercial has partnered with Premium Credit to offer customers a digitally enhanced payment by instalments system, Insurance Age can reveal.
Opinion: Is it inevitable Aviva will be sold or split to placate shareholders?
Activist investor Cevian has sold its entire stake in Aviva. While it has boosted shareholder returns, the story might not yet be over.
Broker Insights grows its base at £25m per month
Broker Insights is adding around four brokers to its client base, and expanding its reach by £25m each month, its CEO Fraser Edmond told Insurance Age.
Serge Raffard to succeed Steve Treloar as Allianz personal lines leader
Allianz Holdings has appointed Serge Raffard as personal managing director, following the recent news that Steve Treloar has decided to leave the business to pursue new opportunities.
Chaucer starts CEO search as Fowle steps down
John Fowle will step down as group CEO of Chaucer on 30 June, the insurer has confirmed.
Jensten Underwriting launches technology product
Jensten Underwriting has partnered with Hiscox to launch a product for brokers working with the technology sector.
MGA Landmark Underwriting enters property market
Landmark Underwriting has secured a property binding authority with AmTrust International for excess insurance and reinsurance business.
Tokio Marine Kiln targets cyber growth with new division
Tokio Marine Kiln has set up a stand-alone cyber and enterprise risk division as part of its effort to expand its presence in the cyber market.
Bronek Masojada joins Scott Egan at SiriusPoint as chair
SiriusPoint has appointed former Hiscox boss Bronek Masojada as chair of the board of directors, teaming up with ex-RSA leader Scott Egan.
ERS and Acturis team up on full-cycle API car product for brokers
Acturis and specialist motor insurer ERS have launched an API based car insurance product for brokers on the software provider’s platform which replaces legacy EDI messaging.