Home insurance
Ageas CEO Middle on elevating onto the podium with broker growth
Ageas has its strongest pipeline of opportunities with brokers ever as it targets growing to be a podium player, CEO Ant Middle told Insurance Age.
Zurich targets £250m of GWP after extending relationship with MGA
Zurich UK has extended its capacity agreement with Plum Underwriting for a further five years, with ambitions to reach £250m GWP over the term.
Home insurance premiums fall for third consecutive month
Home insurance premiums fell by 1.3% in February 2025, a third consecutive monthly drop, according to Pearson Ham’s general insurance price index.
Aviva-bound DLG swings back to operating profit but customer count falls
Direct Line Group has reported an operating profit of £205m for 2024, more than reversing a £189.9m loss the year before.
FSCS opens to claims after Scottish broker stopped from trading by FCA
The Financial Services Compensation Scheme has opened for claims from customers of Arthur Temlett, who traded as Abacus Insurance Consultants and was forced to stop carrying out any regulated activities by the Financial Conduct Authority at the start of…
Prestige becomes preferred non-standard household partner for Ardonagh Advisory
Specialist managing general agent Prestige Underwriting has entered a strategic partnership with Ardonagh Advisory.
EY revisions show three years of slowing premium income growth
EY has revised its forecast up slightly for UK non-life insurance premium income growth this year while ticking down the prediction for 2026 and releasing its number for 2027.
Insurance revenue up 7% at Moneysupermarket in 2024
Moneysupermarket achieved 7% growth in insurance revenue in 2024 to £235.6m.
Flood Re calls on government for £1bn flood defence spending
Flood Re has urged the government to spend at least £1bn a year to keep pace with changing climate risks and ensure the protection of homes and businesses in the UK from the devastation flooding brings.
Grove & Dean grows revenue and profits in “challenging” year
Niche motor specialist Grove & Dean grew turnover by 2.4% to £18.03m in the year ended 30 May 2024 with the broker’s profits rising faster.
ZPC extends high net worth wordings and reaffirms growth appetite
Kevin Morton, head of Zurich Private Clients, has committed to brokers that the business is in the high net worth market for the long-term as he unveiled a raft of policy enhancements in motor and home wordings.
Ex-Aviva boss Mark Wilson joins Policy Expert as chair
Former Abacai and Aviva leader Mark Wilson will join Policy Expert as chair next month with current chair and CEO Steve Hardy focusing on his CEO role.
Strong solvency means insurers have capacity for M&A, says Fitch
There is surplus capital available for UK insurers to take advantage of any mergers and acquisitions opportunities, according to Graham Coutts, senior director for EMEA Insurance at Fitch Ratings.
Home insurance premiums drop 2.2%
The average quoted price of home insurance fell by 2.2% in the last three months of 2024, according to the latest research from Consumer Intelligence.
FCA issues restrictions on Scottish broker because of personal lines premium concerns
The Financial Conduct Authority has taken action to stop Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.
Flood Re targets Scotland in resilience drive
Flood Re is targeting Scotland, promoting property-level flood resilience and aiming to help communities better prepare for future flooding events.
Biba makes manifesto commitments on tackling evolving risk of flood
The British Insurance Brokers’ Association has made specific commitments on the “significant and growing risk” for both personal and commercial customers from flooding, as it unveiled its 2025 manifesto.
Insurtech enters new product vertical after broker tie-up
Broker PJ Hayman has teamed up with Urban Jungle to offer travel insurance to the insurtech’s home policyholders.
Brokers urge Aviva not to let DLG deal dull service
Brokers have hailed the ongoing improvements at Aviva and called on the provider not to be knocked off course in the regional market should the Direct Line Group takeover complete as expected.
Ex-Criterion loss adjuster jailed for over four years for claims fraud
A loss adjuster who abused his position by submitting a series of fake insurance claims worth over £160,000, including using his wife’s name and that of his deceased father-in-law, has been jailed.
Ageas and Saga seal £207m partnership and Acromas deals
Ageas and over-50s specialist Saga have signed on the dotted line agreeing a 20-year partnership for motor and home insurance and the sale of Saga’s underwriting business, Acromas.
FOS forecasts levy freeze at £70m
The Financial Ombudsman Service is planning to maintain its levy for 2025/26 at the £70m total set this financial year.
Pen signs up to Flood Re’s Build Back Better
Pen Undewriting has signed up to Flood Re’s Build Back Better with all eligible new and renewing home policies automatically including the benefits of the scheme from 1 January 2025.
Analysts point to 265p per share to sweeten Aviva-DLG deal
Experts from Peel Hunt have labelled Aviva’s 250p per share approach for Direct Line as a “reasonable offer” adding there is “scope to sweeten the bid to 260-265p”.