News
FCA finalises no deal Brexit guidance
Regulator clarifies rules around Gibraltar-based firms.
Egan not happy with RSA UK results and pledges renewed broker focus
New CEO Scott Egan addresses criticism that RSA is tough to trade with and commits to making it easier for regional brokers to work with the insurer as the provider reports an underwriting loss of £106m in 2018.
Arag buys the Das Irish business
The Irish office will be managed by the UK team and the move assists with potential issues arising from Brexit.
FCA publishes Brexit guidance for general insurance firms
The regulator has issued the information for companies to use in the event of hard or soft Brexit and urged brokers to act “without delay”.
RSA reports "disappointing" 2018
The Group lamented "poor results" in its commercial lines division as the company reported further underwriting losses in its UK business.
QBE launches Business Combined product on Open GI
The policy is now accessible for brokers on the Powerplace and Mobius platforms.
#Insagepeople: 25 February - 1 March 2019
Stay up to date with the latest people moves.
Ascent adds physical damage to cyber product
Product is backed by Munich Re and designed for businesses of all sizes.
Sure Thing! launches private car MGA
The motor broker has set up Stabilis in order to drive growth and is backed by A-rated Accredited Europe.
InsurTech Futures: SSP teams up with Honcho
Software house's customers will have access to platform aiming to disrupt price comparison websites.
Insurance Cares: Staysure launches winter sports accessibility guide
The travel broker has developed the guide for people with pre-existing medical conditions.
Joe Henderson leaves Aon
Aon bought Henderson Insurance Brokers in October 2017.
Revenues up at JLT in 2018
But broker reveals pre-tax profit fall due to transaction costs related to $5.6bn takeover by Marsh & McLennan Companies.
Customer trust in insurance drops
Research is published just a day after a Go Compare study claimed customers are caught in a £1.2bn auto-renewal “loyalty trap”.
Coversure (CISG) rebrands to Jensten Group
CEO Bob Darling says people calling CISG 'Coversure' was "confusing" and notes the group's different businesses can now build their own identities.
ABI slams “unforgivable” no-deal Brexit
Huw Evans described it as an act of economic and social self-harm and outlined potential damage to the insurance sector.
RSA hires Charlotte Jones as CFO
She takes over from Scott Egan, who moved into the UK & international CEO role following Steve Lewis' departure.
Axa staff sentenced for data theft
‘Wolf of Manchester’ case sees an employee and ex-employee of the insurer, along with two others who ran a claims management company, get suspended sentences for their roles in exploiting and selling customer data.
Profit, COR and GWP all improve at Hiscox
COR is 94.4% for the group but UK reports broker “indigestion” as the provider beds in new systems and admits changes had a knock-on effect on service. Plus insurer reveals Brexit costs.
QBE Europe posts GWP rise for 2018
COR also improved, while provider's insurance profit dipped slightly compared to 2017.
Complete Cover Group tipped for sale
Several sources have indicated that the business is on the market.
PIB legal dispute settled out of court
Consolidator began court proceedings against former employee for alleged breach of his duties while on gardening leave in November.
Call Connection’s winding-up process to be extended another year
Debts revealed as administrators set to apply for second extension as investigations into the collapsed firm continue.
Germany extends passporting rights for UK insurers
The country has adopted some special provisions in case of a no deal Brexit.