Insurer
Biba and Flood Re team up on BBB regional push
Flood Re has teamed up with the British Insurance Brokers’ Association as part of its plans to develop wider understanding across the broking community about the mechanics and benefits of the Build Back Better scheme.
Blog: Are conflicting messages on risk controls and rates eroding trust in cyber expertise?
Is a failure to heed the cyber insurance lessons of the past undermining efforts to shore up its sustainable future? Ian Summerfield, head of cyber at Pen Underwriting, discusses.
Stait takes interim charge of Allianz mid-market business after Carey departure
Allianz has moved to replace Ecclesiastical-bound Dave Carey with interim managing director for mid-market Graham Stait, pictured, effective from today and subject to regulatory approval.
Carey quits Allianz to become Ecclesiastical intermediary MD
Ecclesiastical Insurance has appointed Dave Carey as the new managing director of its intermediary business, to join in February 2025.
How can the insurance industry bust ghost brokers for good?
With ghost broking a growing and persistent threat to the insurance industry, Rosie Simms asks whether technology is making the problem more prevalent – or easier for insurers to spot.
Tributes paid to “excellent chair” and “inspiration to many” Jonathan Bloomer
Hiscox and DWF have paid tribute to insurance and financial services veteran Jonathan Bloomer following his passing.
Hiscox chair Bloomer confirmed dead as body recovered after yacht sinking
Hiscox chairman Jonathan Bloomer’s body has been confirmed among the five recovered yesterday following the sinking of the Bayesian yacht on Monday.
Broker HNW clients less concerned about underinsurance than a year ago
More than a third (35%) of wealthy individuals admit they can’t remember the last time they had their art and collections valued, offering brokers a great opportunity to talk to their high net worth customers.
FCA: brokers struggling to marry remuneration with evidence of fair value assessment
Brokers are still struggling to provide adequate evidence they are appropriately assessing whether their remuneration is consistent with the fair value of the product they are selling.
Markel doubles floor space with Leeds office move
Markel has doubled the size of its Leeds branch by moving to the new City Square House, 34 years after its first office opened in the city.
Allianz PL MD George hails LV Broker rebrand a success
Intermediaries are asking Allianz for more personal lines capacity and have welcomed the rebrand from LV, according to Nicola George, the new managing director of the insurer's broker PL arm.
Hiscox chair Bloomer named among missing people after Sicily yacht sinking
Hiscox chairman Jonathan Bloomer and his wife Judy have been named among the six people still missing following the sinking of the Bayesian yacht off Sicily yesterday.
Arch expands presence in Glasgow with new office
Arch Insurance’s UK regional division has announced it has opened a new office in Glasgow as part of its growth strategy for the region.
Aviva UK&I GI boss Storah “bullish” commercial rates to hold steady throughout 2024
Aviva UK and Ireland general insurance CEO Jason Storah is confident that most of the wider commercial sector will continue to hold its nerve over rate and not chase short-term market gains – for now, at least.
30% premium growth sees Aviva UK&I PL arm overtake commercial at HY 2024
Aviva has reported that its UK & Ireland premiums increased 18% to £3,809m in the first six months of 2024 (HY23: £3,219m) with strong growth across all business lines, especially personal.
Hiscox rolls out Google-backed AI model to all brokers
Hiscox has today announced that it is rolling out its AI-enhanced lead underwriting model to all of its London market brokers after a successful proof of concept.
AM Best takes rating action following Accredited acquisition
AM Best has removed from under review with developing implications and affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Accredited.
Broker branches a key focus for Allianz in 2024, CEO Holmes promises
“I want to expand the amount of branches we have where we’re connecting with customers,” Allianz UK CEO Colm Holmes told Insurance Age.
People Moves: 5 – 9 August 2024
Follow the latest insurance personnel moves.
Allianz UK grows GWP and profit as COR improves
Allianz UK boosted gross written premiums by 5.5% in the first half of the year to £2.21bn as operating profit jumped by £62m to £174.8m.
RSA declares UK first with cloud solution for claims
RSA has launched an enhanced broker and customer claims portal, asserting it was the first UK insurer to implement the Guidewire cloud solution.
AM Best upgrades Lloyd’s to A+ and AA-
AM Best has raised the financial strength rating of Lloyd’s to A+ (superior) from A (excellent) and the long-term issuer credit rating to AA- (superior) from A+ (excellent).
Twickenham to be renamed Allianz Stadium
Twickenham will become Allianz Stadium from September as part of a deal with the Rugby Football Union that sees the insurer make an unspecified “long-term investment” in the sport.
Body cameras improve claims dispute times and pricing – Axa’s Barnett
Body cameras help decrease the length of claims disputes involving brokers according to Dougie Barnett, director of customer risk management and midmarket at Axa UK.