Personal
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.
MCE administration extended for a year
The administrators of MCE Insurance have revealed a 12-month extension to the process which is now set to close in July 2025.
AbbeyAutoline grows apprenticeship programme with new recruitment drive
Northern Ireland based broker AbbeyAutoline has launched a recruitment drive for school leavers and young professionals to join its established apprenticeship programme.
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.
New product for beach hut and chalet owners launched
Compass, a specialist provider of caravan and leisure insurance, has launched a new policy offering cover for beach huts and beach chalets.
Markerstudy Distribution CEO Donaldson unveils top team
Markerstudy Distribution has confirmed its top team under CEO Ian Donaldson following the completion of the Ardonagh personal lines deal at the end of June.
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.
Partners& secures new debt facility to help drive growth
Partners& has secured a £20m debt facility with Santander UK to help it continue its organic and acquisitive growth.
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.
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.
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.
Interview: Tuplin on turning up the heat with Ardonagh
Richard Tuplin, CEO of Advisory Insurance Brokers at Ardonagh, shares his insights on leading the transformational change that is garnering praise from the sector and the non-negotiable culture that is bringing success.
Alps partners with AmTrust on motor book
Add-on insurance provider Alps has moved its entire motor book, under a full delegated authority agreement, to AmTrust International.
Halo founder launches insurtech Gigasure
Ernesto Suarez has launched insurtech managing general agent Gigasure offering travel, backpackers, and car hire excess insurance.
ABI measures 2% drop in motor premiums in Q2
The average motor insurance premium fell by 2% in April to June compared to the first quarter of 2024, according to the latest data from the Association of British Insurers.
Zurich sells Navigators & General to Ardonagh’s Geo
Geo Underwriting is buying marine insurance provider Navigators & General from Zurich UK, with the deal expected to close before the end of the year.
Howden scores Allianz musical insurance book
Howden has agreed to acquire the musical insurance book of Allianz UK for an undisclosed sum with the provider staying on as the underwriter.
Alan Boswell buys Priory Insurance Brokers in Norfolk
Alan Boswell Group has snapped up Wymondham-based Priory Insurance Brokers, adding to its purchase of The Insurance Centre earlier this year.
Jensten completes on three deals
Jensten has bought Asprey Harris and completed the purchases of Chris Knott Insurance Consultants and Robert Gerrard & Co in a triple swoop that has pushed headcount above 1,000.
Consumer Duty one year old – Mills stresses FCA support for smaller firms
The Financial Conduct Authority has been, and will continue to be, proportionate in its approach to supervising the Consumer Duty, according to Sheldon Mills on the one-year anniversary of the rules.
FSCS broker compensation costs fall to £600,000
The total general insurance distribution compensation costs the Financial Services Compensation Scheme paid out dropped to £600,000 in the year ended 31 March 2024, from £2m the year prior.
FCA doubles down as it seeks to lower burden on firms and support growth
The Financial Conduct Authority has launched a review which it claimed could streamline the rules governing financial services to reduce burdens on businesses.
Markerstudy to buy Northern Ireland broker Hughes Insurance
Markerstudy Group has confirmed plans to buy Hughes Insurance, just a month after completing its deal with Atlanta.