Home insurance
Polaris calls for input from brokers to develop e-trading standards
Exclusive: The industry-owned body says the standards that underpin question sets used to cater for customers’ insurances need to evolve to reflect changes in the way people live, work and travel.
Ageas UK sells stake in Tesco Underwriting for £125m
CEO Ant Middle says now is the "right time" for Ageas to hand over its stake in the car and home insurance provider to Tesco Bank as it focuses on developing broker distribution.
Covéa promotes James Gearey to personal lines head following Geldard departure
He joined in 2019 as corporate development and strategy director.
Aviva teams up with Prestige on personal lines home market
The five-year distribution deal builds on an existing relationship where Aviva underwrites motor policies for Prestige.
Brokers welcome FCA's crackdown on dual pricing
Experts predict the regulator's proposals to ban dual pricing will have "unintended consequences" and lead to reduced competition for new business, but agree the measures are a positive outcome for consumers.
FCA warns brokers to "pay close attention" after dual pricing ban
Regulator to collect data from any firms setting prices, including brokers, as it calls on the industry to co-operate to tackle the loyalty penalty.
FCA signs death warrant for dual pricing
The regulator outlines proposals for a “significant reform” of the motor and home insurance markets and slams "complex and opaque" pricing practices.
GRP-owned Cherish launches home policy with access to Flood Re
The product is underwritten by Axa and the wholesale broker says it has removed “non-essential” cover in order to offer a more affordable option.
Saga confirms £150m capital raise and investment from ex CEO Sir Roger De Haan
Business also posts pre-tax loss of £55.5m for the first six months of 2020.
Home insurance premiums fall after Covid-19 lockdown
Figures from Consumer Intelligence shows average buildings and contents policies fell by 0.3% in the last three months.
Blog: Short-term Lets: Profit or Problems?
Tokio Marine HCC’s Marc Brewer gives brokers an overview of the specialist rental sector.
Adrian Flux to create 185 new jobs
Broker says it is recruiting across its three offices in East Winch, King’s Lynn and Norwich.
Admiral lockdown rebate cost £97m
2020 COR for the first half of the year was 83.0% compared to 92.3% on H1 2019.
Ageas profit after tax slumps by half
The provider reported a result after tax of £22.8m compared to £45.4m in H1 2019.
Hastings bought by Finnish/South African consortium
The deal values Hastings at around £1.66bn as the provider also publishes half year results.
Roles from LV and L&G at risk amid redundancy programme
LV General Insurance has revealed “worst case scenario” of up to 600 job cuts as it restructures and integrates L&G.
LV puts 600 roles at risk of redundancy
The cull follows the acquisition of Legal & General as the personal lines insurer seeks to integrate the businesses and streamline its claims function.
Marsh Commercial offers cashback to former personal lines customers
Exclusive: The broker has handed back cash following an internal review and admits some clients were not offered the most competitive terms between 2012 and 2018.
PIB buys Stockton-based UKinsuranceNET
Deal is PIB's 30th as the consolidator confirms it has several more in the pipeline.
Biba says members are taking action to tackle dual pricing
A report from the trade body shows brokers are engaging with its Guiding Principles and Action Points to address dual pricing practices in the home and motor insurance sectors.
Open GI teams up with Plum Underwriting on home product
The software house says the partnership provides brokers with access to the latest home products from Plum.
Covéa reveals £22.3m underwriting loss in 2019
Provider also posts increases in GWP and profit after tax as it reports "disappointing" personal motor result impacted by claims inflation and a "lower than anticipated" Ogden rate.
Saga profits drop ahead of expected Covid-19 hit
Broking, underwriting and travel profits all fell, as the group renegotiates its loans to accommodate for lengthy travel suspensions.
Covid-19: ABI highlights insurer motor and home commitments
The body outlined the insurer response to Financial Conduct Authority guidelines as providers waive renewals for key workers.