News
Citizens Advice slams home insurers in dual pricing report
Charity calls for the FCA to identify concrete solutions to the loyalty penalty as part of its insurance market study, after survey reveals home insurers make 100% of their profits from loyal customers.
InsurTech Futures: CFC launches UK digital health insurance product
Specialist provider has created a health and technology underwriting team to work on the policy.
Swinton performing better than expected for Ardonagh
The Ardonagh Group results showed that the personal lines broker contributed £146.3m in pro forma income.
FCA warns firms to take action on GI distribution failings
Regulator will "not hesitate to intervene" where brokers and insurers are failing to consider value to customers.
Incoming Jelf CEO will have to "work hard to gain trust"
Anthony Gruppo is moving across from Marsh in the US and takes on the position in May following Phil Barton's "inevitable" but sudden departure.
Ardonagh losses shrink at first full year results
The business reported a total loss for 2018 of £111.6m, significant improvement on 2017's numbers.
Small number of redundancies following Ceta's Love Your Hut buy
Ceta CEO John Bibby has indicated he would be interested in finalising another deal before the end of the year.
#Insagepeople: 8-12 April 2019
Stay up to date with the latest people moves.
UK Broker Awards: Have you entered yet?
Insurance Age is calling for the UK's best brokers to showcase their skills at the UK Broker Awards.
Aston Lark buys Jobson James Insurance Brokers
Deal is Aston Lark's third this year.
Esure reports £15.4m pre-tax loss for "disappointing" 2018
Provider confirms it has not yet found a replacement for former CEO Stuart Vann who left the business in January last year.
Ceta Insurance buys Love Your Hut
The broker has bought the UK’s largest beach hut insurance provider in its first deal since an MBO at the business.
Co-op Insurance reveals trading loss for 2018
Provider says results were impacted by bad weather as it gears up for deal with Markerstudy.
Insurance Cares: Biba supports FCA’s update on extended travel signposting
Regulator updates guidance in terms of travel insurance for individuals with pre-existing medical conditions.
Podcast: The top five stories of the week
Siân Barton and Ida Axling discuss the most popular news pieces from the past five days.
Quizzical questions: 5 April 2019
Test your knowledge of the week's news with our topical quiz.
Saga says renewal pricing strategy change “aligned with FCA goal”
The provider announced yesterday that it will offer three year fixed price insurance to customers as it seeks to increase loyalty and arrest profit downturn.
Axa CEO admits simplification strategy could lead to more redundancies
Provider recently put 106 roles at risk.
InsurTech Futures: Zego teams up with WeFlex on fleet
The provider is offering the 700-strong car leasing business an insurance policy featuring insights into driver behaviour.
Saga falls to £134.6m pre-tax loss and pledges to change strategy amid renewal pricing row
Saga reports “disappointing” retail broking results as it claims first with three year fixed pricing for insurance via direct channels, moves away from the focus on price and changes renewal pricing.
Report stresses importance of broker advice on cyber cover
Research reveals nearly a third of UK businesses have experienced security breaches or attacks in the past year.
PIB’s Q Underwriting develops property team
The property team is led by Damian Cannings and has been set up following feedback from brokers.
Ageas adds broker-facing team of regional underwriting managers
Provider says it aims to build stronger relationships with brokers and grow its commercial lines business.
Axiom Underwriting now part of Arch UK regional division
Deal follows Arch's purchase of Ardonagh's commercial MGA businesses last year.