United Kingdom (UK)
Aon to offer 1,000 work experience places
Aon has announced it will offer 1,000 work experience placements per year for UK college students from low socio-economic backgrounds starting in 2023.
People Moves: 17-21 October 2022
Keep up to date on the latest personnel changes in insurance.
PRA hands MS Amlin £9.7m fine
The Prudential Regulation Authority has issued MS Amlin Underwriting a £9.7m fine for failing to comply with regulatory obligations.
Trade bodies battle to trim FCA fair value paperwork ‘crippling’ small firms
Trade bodies are working with the Financial Conduct Authority to narrow down the focus of its fair value assessments which comes with a huge regulatory burden.
Specialty MGA UK launches with broker service promise
Specialty MGA UK has launched focusing on hard to place risks and specialty lines of business.
Biggest annual rise in five years as car premiums jump 14%
Average comprehensive car insurance premiums reached £586 in the third quarter, up 14% since Q3 2021 and by 6% in the last three months alone, according to research by Confused and WTW.
Kingfisher asserts "limited" impact despite $300,000 ransomware threat
Kingfisher Insurance has become the latest insurance company to be hit by a cyber attack but claims its impact was "very limited".
GI firms need to step back and consider what to do differently under Consumer Duty, says FCA
The insurance sector is well placed ahead of the implementation of new Consumer Duty rules but “there will be changes needed”, according to Daniel Hurl, head of market analysis and policy, insurance, at the Financial Conduct Authority.
Stubben Edge buys Helodrium
Stubben Edge Group has bought regulatory and compliance experts Helodrium.
Amazon partners with Ageas, LV and Co-op on home insurance launch
Amazon has moved into the UK home and contents insurance market with the launch of Amazon Insurance Store and promised more is yet to come.
Broker PI expert Inperio extends capacity deal with Accredited until 2027
Accredited Insurance (Europe), the wholly owned subsidiary of R&Q Insurance Holdings, has signed a long-term extension with professional indemnity specialist managing general agent Inperio (London).
Carey moves from Aviva to Allianz in new mid-market role
Aviva’s David Carey has jumped ship to Allianz Commercial in a newly created mid-market role effective from April 2023, subject to regulatory approval.
Enforcement director Mark Steward to leave FCA next year
Mark Steward will be stepping down as the Financial Conduct Authority’s executive director of enforcement and market oversight in Spring 2023 after seven years with the regulator.
RSA becomes menopause friendly employer
RSA Insurance is now an accredited menopause friendly employer, making the announcement today on World Menopause Day.
Blog: Why the menopause is everyone’s responsibility
Ahead of World Menopause Day on 18 October, Matt Munro, of telematics broker Igo4, discusses the importance of a strategy to manage menopause in the workplace, and why it’s just as important to include men in the conversation as it is women.
Insurers and brokers detail employee help amid cost-of-living crisis
Numerous insurers and brokers have revealed one-off payments and wage increases for staff as the cost of living crisis hits worker's pockets. Insurance Age details some of the financial and other help being provided below.
Lucida posts rising revenue for 2021 after string of takeovers
Lucida Broking Holdings has reported a 28% increase in revenue for 2021 to £39.28m across broking, underwriting and the provision of services to the insurance sector.
Aviva adds Dave Martin as Gareth Hemming exits
Aviva has confirmed the appointment of Dave Martin as managing director of UKGI distribution & SME replacing Gareth Hemming who is leaving the insurer.
People Moves: 10-14 October 2022
Keep up to date on the latest personnel changes in insurance.
Applied Systems targets UK "number one" status drawing on US strength
Speaking to sister-title Post at the Applied Net conference in Nashville, CEO of Applied Europe, Tom Needs said having a US arm allowed the UK and Ireland business to experiment and innovate more.
A-One launches academy
A-One Insurance Group has launched a grow-your-own academy to bring new employees into the industry.
New roles for Jane Kielty and James Baum as Aon revamps UK commercial risk leadership team
Aon has appointed Jane Kielty as head of commercial risk UK with James Baum switching to be head of wholesale and specialty broking.
FCA contemplated commission level ban in flats insurance review
The Financial Conduct Authority “considered a number of options” as it worked on the multi-occupancy buildings insurance review and “one of them would include whether we should go forward and try to think about potential price caps or bans”, Sheldon…
Zurich to open offices in Bristol and Southampton
Zurich is set to open an office in Bristol this year and aims to open in Southampton next year, Insurance Age can reveal.