Insurer
RSA launches mid-market D&O product
RSA Insurance has launched Directors’ and Officers’ Protection, aimed at UK domiciled or headquartered companies, large domestic and multinational businesses, private firms with a turnover of over £250m and publicly traded entities.
Ageas adds to distribution team with double senior hire
Ageas UK has strengthened its broker and partner distribution team with a double appointment.
Q&A: Aviva’s Jason Storah
One year into the role, Jason Storah, UK and Ireland general insurance CEO at Aviva, tells Insurance Age about the goals he is happy to be challenged on in another 12 months’ time, what the Probitas deal means for regional brokers and reflects on recent…
Aviva opening ‘at least one’ office location before next Biba conference
After opening two offices earlier this year, Aviva’s David Martin has told Insurance Age that at least one more location will be open before the British Insurance Brokers’ Association conference next year.
NBS seals SME capacity deal with Hadron UK
NBS Underwriting has added Hadron UK Insurance to its insurer panel, effective 1 October.
Peach rebrand to come into effect at Broker Expo
Peach PI will rebrand as Peach at the UK Broker Expo, Insurance Age can reveal, with new messaging and a company logo to reflect its modern appetite.
PwC tips Northern Irish motor premium to drop 15% after Government review
Motor insurance premiums for Scottish and Northern Irish drivers have been tipped to decrease by an average of £60 (10%) in Scotland and £90 (15%) in Northern Ireland following a Government review.
Storah promises ‘more to come’ from Aviva on office openings and expansions for brokers
Aviva believes there is “more to go at” with brokers and is weighing up options, having opened in Chelmsford and Southampton along with expanding in Glasgow this year, UK and Ireland general insurance CEO Jason Storah told Insurance Age.
Aviva signs capacity deal for Howden scheme
Aviva has agreed to a deal with Howden to provide capacity for the broker’s Bespoke Farm and Estate Scheme, Insurance Age can reveal.
Markel targets SMEs to mid-market with tech insurance expansion
Markel is aiming to meet the evolving needs of the UK’s tech sector as it launches an expanded offering.
Motor leads the way as insurers detected 14% more fraudulent claims in 2023
Insurers detected £1.1bn worth of fraudulent claims last year, up 4% on 2022, according to the latest cross-industry figures.
Ecclesiastical grows 11% in half year as UK and Ireland COR tumbles to 84.2%
Ecclesiastical Insurance achieved £18m of underwriting profit on UK and Ireland business in the first half of 2024 as its combined operating ratio improved substantially to 84.2% from 106.6% in the same period of 2023.
High Net Worth – is it really high noon for MGAs in upmarket personal property?
With Munich Re (GrovesJohnWestrup) and Allianz (Home & Legacy) putting mid- and high-net-worth MGAs into run-off in the last 18 months, is this distribution model failing to connect with these customers? Ed Murray explores these developments and others…
Kayzen Specialty rolls out D&O wrap offering
London and regional markets focused managing general agent Kayzen Specialty has launched an add-on for directors’ and officers’ insurance claiming it will provide broader cover protecting individual executives from gaps.
Das grew 8% with stable COR in 2023 en route Arag deal
Das has posted growing gross written premium to £139.3m in the run-up to being bought by Arag.
Beat launches proRISE targeting SMEs via wholesale brokers
Beat Capital Partners is launching proRISE Insurance Services targeting management and professional liability insurance for SMEs with its products distributed through wholesale brokers.
Epoq Legal launches ‘re-imagined’ LEI for businesses
Epoq Legal has unveiled a legal expenses insurance product featuring LegalAde for businesses, in partnership with Temple Legal Protection.
People Moves: 16 – 20 September 2024
Stay in the loop with the latest insurance personnel moves.
Blog: Are insurance add-ons still relevant in 2024?
Julian Tomlinson, chairman of Alps, argues some insurance add-ons are more vital for policyholders today than they’ve ever been.
Lloyd’s appoints ex-McKinsey leader Sir Charles Roxburgh as chair
Lloyd’s has named Sir Charles Roxburgh as its next chair to take up the role on 1 May 2025, succeeding Bruce Carnegie-Brown.
QBE opens “benchmark” Leeds office with more broker contact promise
QBE has opened a new office in Leeds making a £3.6m investment in the city for its second largest European site.
Bspoke extends capacity backing with three-year SiriusPoint deal
Bspoke Group has signed a three-year capacity deal with SiriusPoint worth up to £60m in gross written premium in year one.
Claims – are brokers confident in insurers, MGAs and TPAs to deliver at the moment of truth?
Both the Financial Conduct Authority and Financial Ombudsman Service have recently highlighted issues around insurers and managing general agents outsourcing claims to third party administrators. Siân Barton examines whether brokers hold similar concerns…
Ex-Esure, L&G and Direct Line boss Peter Graham joins Markerstudy
Former CEO of Esure Peter Graham has been appointed as non-executive chairman (designate) of Markerstudy Insurance Services.