United Kingdom (UK)
Aviva confirms London HQ office search
Provider commits to staying in the heart of the City.
GRP to buy majority stake in Hamilton Fraser
Consolidator set to make third purchase of the year.
Cheshire broker rebrands as PHP Insurance
Firm targeting more acquisitions having bought Bradshaw Bennett in 2019.
M&A deals hit £6bn in 2021
The latest annual review published by IMAS explains the "M&A frenzy" and warns of challenges ahead.
Allianz focused on growth in 2022, says Holmes
Insurer posted a 9.4% rise in operating profit to £318m for 2021 but recorded a 3.2% fall in gross written premium to £3.8bn.
Allianz posts improved operating profit for 2021 but GWP slips
The provider reported a 3.2% decrease in GWP to £3.8bn.
Gallagher leader targeting organic growth
Newly appointed regional leader Elliot Miller confirmed the business is also open to making acquisitions.
Insurer payments for settled BI claims top £1bn
Providers have also made £307.9m in initial payments, according to the latest figures from the Financial Conduct Authority which is set to end its data releases next month.
Ex-Allianz boss Jon Dye joins Hiscox as UK CEO
Dye left Allianz last November and will start at Hiscox in September.
Ebitda and turnover stable at Open GI in 2021
The software house achieved Ebitda of £26.7m for 2021 with revenue of £41.7m but post-tax profit fell to £12m.
Partners& adds to employee benefits proposition with buy and partnership
Partners& has bought Direct Healthline and partnered with Advo Group to boost its wellbeing and benefits business.
FSCS confirms broker as failed
The compensation body has updated on the status of former broking firm Perry Prowse and released details of 12 companies that have gone out of business.
Axa buys Ageas commercial business renewal rights for £47.5m
Around 100 Ageas employees will move to Axa as part of the deal.
High Court rules against Marshmallow on Toba breaches and confidential information misuse in Mulsanne case
The judge has not ruled on compensation with this case focused solely on liability.
CII London Market New Generation group pushes for innovation
A report by the Chartered Insurance Institute’s New Generation London Market group has concluded if the insurance profession does not learn lessons from the pandemic and innovate it could soon no longer meet the public’s needs.
Blog: Regulation, the FCA and value – how to stay on track when choosing products and partners?
RAC's Ian Lloyd discusses why breakdown insurance remains relevant today despite improvements in automotive technology and what brokers need to think about when choosing products for their customers.
Blog: Is a change really as good as a rest?
MGB's Nick Bender discusses what the recent implementation of PI rules for fire safety cover introduced by RICS mean for the insurance industry and why fire safety insurance cover is the biggest issue facing the construction PI market.
Video: Risk insights - the broker client relationship
Aviva's chief sales and marketing officer Phil Bayles explains the impact of remote working during the Covid-19 pandemic and how brokers are seeking ways to best advise their clients in the new normal.
Video: Risk Insights - understanding the interconnected risk landscape
Aviva's interim managing director of commercial insurance, Nick Major, discusses three of the top ten risks facing UK businesses as outlined on Aviva's Risk Insights Report: business and supply chain interruption and loss of reputation and brand value.
Video: Risk Insights - the evolving cyber risk
Aviva's interim managing director of commercial insurance, Nick Major explains how cyber attacks are becoming more prevalent and how the insurance industry can protect businesses against these new risks.
Video: Risk Insights - the impact of Brexit on the UK economy
Aviva's senior economist, Stewart Robertson, discusses how the impact of Brexit on the economic landscape and what the future might look like now we have left the European Union.
Video: Risk Insights - employee wellbeing and remote working
Aviva's UK wellbeing lead, Debbie Bullock, explains how remote working has brought employees' wellbeing to the forefront and why creating a positive workplace culture is key to improving wellbeing and business performance.
Video: Covid-19 and the changing claims landscape
Aviva's director of commercial claims, Chris Hughes, discusses the impact the Covid-19 pandemic has had on the claims landscape.
Video: Adapting to the changing broker market
Q Underwriting managing director Stuart Webb talks about how the industry has changed in the past two years and the issues brokers are facing in the market today.