United Kingdom (UK)
Analysis: What can brokers expect from RSA’s new-look commercial senior team?
With a new-look senior commercial lines team in place, brokers must hope RSA is done with chopping and changing at the top. Jonathan Swift assesses what the future might hold now dates have been set for the NIG integration.
FCA’s Mills commits to using all regulatory tools in flats insurance update
Sheldon Mills, executive director of consumers and competition at the Financial Conduct Authority, has promised to use all regulatory tools at the watchdog’s disposal in an update on progress for multi-occupancy buildings insurance.
Motor insurance complaints to FOS climb again
Motor insurance has remained in the top five most-complained-about products with buildings insurance also joining the list, according to the Financial Ombudsman Service as it released data for October to December last year.
People Moves: 26 February – 1 March 2024
Stay in the loop with the latest insurance personnel moves.
My Insurance Downtime: Molly White, ProAktive
Molly White, a commercial account handler at ProAktive, part of the Clear Group, offers us a window into her life outside of insurance.
Biba adds Iprism for high value home scheme
The British Insurance Brokers’ Association has appointed Iprism Underwriting to provide members with access to a high value home insurance scheme, Insurance Age can reveal.
MCE administrator report reveals £35m HMRC claim as totals soar
The administrator of MCE Insurance has received £155.7m in unsecured claims from trade and expense creditors with the figure ballooning from £32.3m, the latest progress report has revealed.
ABI campaigning for IPT cut
There has never been a greater need for a cut in Insurance Premium Tax according to the Association of British Insurers as it campaigns for an immediate drop in the rate.
A leap yeAR blog
On this different numerical day, Emmanuel Kenning takes a look at two sets of intriguing stats from the past month.
Ageas weighs up £3.1bn Direct Line bid
Ageas has confirmed a possible offer for Direct Line Insurance Group valuing the business at £3.1bn.
Ageas reveals 20% UK GWP growth in 2023
Ageas has reported a 20% hike in UK gross written premiums to €1.49bn (£1.27bn) for 2023, as profits in the European division rose.
MGA launches product to cover EV charging point installation
Legal & Contingency has launched an insurance policy that covers the installation of electric vehicle charging points in England and Wales.
RSA’s Cath Frost moves to Hiscox as UK COO
Hiscox has appointed Cath Frost as UK chief operating officer from RSA where she was mid-market managing director for UK commercial lines.
RSA reveals revamped commercial lines leadership team
RSA Insurance has made a number of changes to its commercial lines leadership team ahead of the completion of the takeover of NIG and FarmWeb.
ManyPets founder Mendel to step down
Many Group, parent of insurtech MGA ManyPets, has announced that longstanding group CEO and co-founder, Steven Mendel, has decided to leave his post and is to be replaced by Luisa Barile, formerly CFO and current ManyPets UK CEO.
FCA promises more speed and transparency on enforcement cases
The Financial Conduct Authority has committed to carrying out enforcement cases more quickly as it opened a consultation on a “step change” in being more transparent when opening an investigation into a firm.
Marine MGA Amphitrite gets full FCA approval
Amphitrite Underwriting London has confirmed receiving full authorisation from the Financial Conduct Authority on 31 January 2024.
Blog: Scaling direct sales through digital
Founder and managing director of short-term cover specialist GoShorty, Andy Moody, discusses the key actions for brokers looking to grow their direct sales channel.
Holmes promises to ramp up focus on smaller brokers and across mid-market
Allianz has been growing in SME business and will push ahead further with smaller brokers this year alongside targeting growth in mid-market, according to UK CEO Colm Holmes.
Allianz Holdings tops £4bn for first time with profits surging in 2023
Allianz Holdings grew gross written premiums by 7.4% in 2023 as operating profits jumped 65% reversing the fall in 2022.
C-Quence enhances management liability with legal expenses
C-Quence has unveiled ML6, enhancing its management liability offering with a legal expenses module and the addition of a range of client support services.
Zurich UK grows in P&C but operating profit flat in 2023
Zurich UK has reported a 9% rise in property and casualty gross written premiums to £3.72bn for 2023.
Aon-NFP deal clears key hurdle in US
Aon’s $13.4bn (£10.6bn) purchase of NFP has passed a crucial test in the US, with the transaction still expected to close in the middle of this year.
April leaders on moving into UK with Lexham buy
Moving into the UK with the purchase of Lexham is part of a plan to build Europe’s premier two-wheels specialist broker, rather than the start of a buying frenzy as a new consolidator, April Group leaders have confirmed.