Insurer
Nick Major to exit Aviva amid commercial lines shake-up
Aviva UK has spilt is commercial lines business into two divisions, SME and global corporate & specialty and, in personal lines, HNW boss, Simon Mobey is set to step down.
Two-fifths of London businesses at risk of flash flooding
Research by Zurich has revealed that two-fifths of London businesses are at risk of being hit by flash floods as heavy rainfall is predicted to hit the capital.
People Moves: 15-19 August 2022
Keeping you up to date with the top personnel changes in insurance.
Markel adapts charity and community groups product
Markel has doubled the income threshold at which charities and community groups can access its cover via its eTrade facility from £1m to £2m.
Zurich UK appoints Sam Thomas as head of retail underwriting
Zurich UK has named Sam Thomas, who is currently head of mid-market, as head of retail underwriting, Insurance Age can reveal.
Smyth flags M&A opportunity following UK General deal
UK General is planning to grow via M&A, new products and bring in fresh teams following investment by RCapital and Montague according to CEO Tim Smyth.
Private equity duo buys UK General plus Precision Partnership
UK General has been acquired by Montague and RCapital Partners from Primary Group for an undisclosed sum.
Experts warn that cost of living crisis could increase ghost broking cases
The sky-rocketing cost of living and the longer term economic effects of the pandemic could lead to an increase in ghost broking, experts have warned.
LV issues fire and subsidence warning amid heatwave
LV Insurance has warned that the claims for heat and fire have increased due to the extreme weather the UK is currently experiencing.
Biba adds eSentire as associate
The British Insurance Brokers' Association has added eSentire as an associate to offer members support on cybersecurity.
Top 5 read stories: 8-12 August 2022
The top five most read stories by brokers this week.
People Moves: 8-12 August 2022
Keeping you up to date with the latest insurance moves.
Policy Expert targets doubling within five years, says CEO Steve Hardy
Policy Expert is aiming to double its one million customer count through further organic growth, adding new lines and potentially international expansion and acquisitions in the next five years, according to CEO Steve Hardy.
Aviva UK sees COR deteriorate and operating profit slip
Aviva UK’s combined operating ratio for H1 2022 has deteriorated to 95.6% and operating profit dropped to £159m from £169m in the same period last year.
Registration opens for 2022 Dive In festival
Diversity initiative Dive In has opened registration for its 2022 festival as it calls on the insurance industry to build braver cultures.
C-Quence adds excess D&O product
Digital managing general agent C-Quence has added excess D&O to its financial lines product range.
FOI reveals scale of FCA investigation into leaseholder insurance
A Freedom of Information request by Insurance Age has revealed that the Financial Conduct Authority has held 59 meetings, 10 workshops, engaged Deloitte as a consultant and had up to 31 employees working on its ongoing investigation into multi-occupancy…
Chaucer’s head of insurance insists the industry must be more inclusive for women
The head of insurance at Chaucer, Xamira Groves, has told insurance Age that there is “plenty more” to be done with women taking on roles in the insurance industry.
GWP up but profit and COR deteriorate for Allianz Holdings
Allianz Holdings has posted a drop in profit of 42%, from £170m to £99m for the first half of 2022.
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People Moves: 1-5 August 2022
Stay informed of the top personnel changes in insurance.
FCA warns of W.F. Fountain clone
The Financial Conduct Authority has warned of a clone using the name William Fountain Insurance Brokers.
RSA posts UK underwriting loss
RSA has revealed a £12m underwriting loss for UK business in the first six months of 2022.
TDI Academy launches scholarships for women in insurance
The Digital Insurer has announced it will provide fully paid scholarships to support the development of women leaders in the insurance industry.