Personal
Application and ghost broking motor fraud up 64% at Aviva
Aviva spotted fraud on more than 51,000 motor policy applications last year, up 64% on its 2022 detection figures, the insurer has revealed.
Devitt posts rises in year of MCE collapse
Motorcycle specialist Devitt Insurance Services grew turnover by 3.3% in 2023 as profits leapt to £4.03m.
AM Best keeps Accredited ratings unchanged during sale turmoil
AM Best has confirmed that the A- (Excellent) ratings of R&Q-owned Accredited remain in place but are still under review.
Filing pinpoints Arag growth in 2023
Arag boosted the number of risks placed by 3.6% in 2023 to 3.09m, a filing at Companies House has revealed.
Jensten buys Chris Knott Insurance Consultants to bolster South East presence
Jensten has bought Chris Knott Insurance Consultants adding 19 staff and an office in Hastings to the group.
Interview: Sabre CEO Geoff Carter
Sabre boss Geoff Carter tells Insurance Age about the upsides for brokers from its IHP rollout, growing in motorbikes after the collapse of MCE and profitable expansion plans in taxi.
Sabre boss Geoff Carter on supporting brokers to compete in an ever more competitive world
Motor specialist Sabre is making “big investments” in insurer hosted pricing with a rollout this year and into 2025 to deploy sophisticated rates into the broker market, CEO Geoff Carter told Insurance Age.
Home insurance prices surge a record 41.6% in a year
The average quoted price of home insurance rose by 41.6% in the 12 months to April, surging again to another new record rate for an annual rise.
Brokers eyeing up expansion in non-standard
More than three quarters (79%) of brokers had an increase in non-standard insurance enquiries over the past year with an identical amount expecting continued growth in the year ahead, according to a survey by Prestige Underwriting.
Lloyd & Whyte 2023 deal totals revealed
Lloyd & Whyte made four acquisitions in 2023 at a cost of £6.5m, as the previous purchase of SEIB helped boost turnover to £47.93m.
SRG adds Accredited capacity to MX
Specialist Risk Group’s managing general agent, MX, has sealed a capacity deal with Accredited Insurance (Europe).
Ardonagh buys BP Insurance Brokers
Ardonagh Advisory has bought Lancashire regional and specialist personal lines broker, BP Insurance Brokers.
Markerstudy boss Spencer hails “momentous milestone” as FCA approves Atlanta deal
The merger between Markerstudy and Atlanta, the personal lines broking business of The Ardonagh Group, has been approved by the Financial Conduct Authority.
Broking Success: Investing in customer relationships
Ex-Swinton boss Gilles Normand, CEO of Academy, sees investing in customer relationships will help the broker grow through recommendations as it moves towards mostly commercial lines.
Reminder – The 2024 UK Broker Awards deadline is 7 June
With a deadline of 7 June you have just over a week left to get your entries in for the 2024 UK Broker Awards.
NSM to buy AllClear owner
NSM Insurance has signed up to buy InsurEvo Group, including AllClear Insurance, InsureandGo and JustCover, from Synova.
Beaven promoted to group MD at Academy, Mountifield joins as COO
Academy Insurance has promoted Richard Beaven to the newly created role of group managing director with Nick Mountifield joining from PIB as group chief operating officer to succeed him.
Only one in 10 consumers aware of ‘ghost broking’ threat
Ninety percent of people who have heard of online insurance fraud are unaware of the term ‘ghost broking’, according to the Association of British Insurers.
Four insurers able to restart selling GAP insurance – FCA
The Financial Conduct Authority has confirmed that four insurers can restart selling guaranteed asset protection insurance after it took action in February and March to halt sales across the market.
Biba 2024: Arag UK leaders promise best in class for brokers as integration rolls forward
Arag and Das have exited the state of limbo and can now power forward with the integration of the two businesses, the bosses have told Insurance Age.
Personal lines the stand out as Aviva UK GI GWP jumps 19% in Q1
Aviva has revealed that its UK personal lines business was up 27% in the first quarter of 2024 contributing to a 19% hike in general insurance premiums to £1.7bn.
Oxbow Partners forecasts motor market COR of 94% in 2024
Oxbow Partners has predicted the UK motor market will return to profit this year with a combined operating ratio of 94% versus a 102% rate in 2023.
Broker Expo registration opens as UK Broker Week 2024 launches
Today Insurance Age launches the second ever UK Broker Week, with registration for Broker Expo on the 10th October at the Birmingham NEC now open.
PCH makes three acquisitions in three months
Premier Choice Healthcare, the health insurance intermediary owned by Brown & Brown, has completed three deals in three months.