News
LV making “good progress”
Steve Treloar points to personal lines growth and highlights that the insurer has increased its number of broker partners as business moves between LV and Allianz.
InsurTech Futures: Harry Franks on how the sharing economy is challenging insurance
The start-up broker CEO talks to Insurance Age about technology, disruption and collaboration.
LV results hit by weather claims
Profit and COR deteriorates for H1 2018 but GWP increases to £827m amid transfer of business with Allianz.
CII begins investigation into Paul Asplin after fraud conviction
The investigation has been launched despite Asplin resigning his membership last month.
Biba teams up with Tokio Marine Kiln on drone scheme
Scheme aimed at companies operating drones for commercial or business purposes.
CDL launches anti-fraud syndicate
The software house has spear-headed the initiative to tackle quote manipulation and Brightside, Be Wiser, and Bedford Insurance have signed up.
Former LV boss Phil Bunker joins The AA
The Financial Conduct Authority has approved Bunker as a non-executive director.
Allianz Insurance takes first step into Lloyd’s
Team moving from LV to focus on fleet.
Commercial business switch from LV to Allianz begins on Monday
Boss Jon Dye silent on future potential acquisition targets.
Podcast: The top five stories of the week
Emmanuel Kenning and Jonathan Swift share their views on the most clicked on articles by brokers.
JLT reveals Premier League injury bill
The cost of injuries increased 21% in the 2017/18 season with £217m paid out to injured footballers.
Operating profit rises at Allianz as COR improves in first half of 2018
GWP flat as business transfers to LV.
Quizzical Questions: 3 August 2018
Test your knowledge of the week's news with our topical quiz.
Commercial lines firing for Aviva and broker partners, says Bayles
Insurer’s leaders keen on further schemes growth as they report progress in personal lines.
RSA UK posts £39m underwriting profit
COR also improved to 97.0% despite costs arising from the ‘Beast from the East’ but group results are “below ambitions”.
Robertson Low teams up with Open GI
The Lloyd’s broker, which also operates in Ireland, is looking to increase its presence for retail and wholesale markets.
FCA confirms 1 November start date for affordability tests
Premium finance firms tell brokers they are ready for the changes.
Axa growth driven by commercial
Interim CEO says positive commercial performance was down to broker channel and reveals incoming CEO Claudio Gienal sees the value of UK broker market.
Axa UK & Ireland revenue grows to £2.5bn
COR improves to 97.2%.
GI operating profits fall at Aviva UK
Insurer’s UK COR for the first six months of 2018 slips to 94.3%.
No consolidation spree for Verlingue after ICB deal
Finch and ICB bosses hail “fabulous” opportunity for like-minded businesses.
Pukka’s commercial vehicle product added to SSP
Policy offers comprehensive cover up to £50,000 with flexible excess cover.
Lloyd’s downplays “strategic review” reports
The market is focusing on modernisation through electronic placement but denied a “deeper strategic review” despite £2bn 2017 losses and the exit of CEO Inga Beale.
CII opens this year’s New Generation project to applicants
Deadline for submissions to the 2018/19 Group is 10 August.