Insurance news

• InsurTech Futures: Digital Risks becomes Lloyd's coverholder

  13-02-2019 17:14
  Subscription style broker is backed by Beazley.
  
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• Covéa cuts losses but underwriting deficit grows

  15-04-2024 17:13 via insuranceage.co.uk
  Covéa Insurance has posted an £87.3m loss after tax for last year with underwriting losses across commercial, personal and speciality lines.
  
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• Cowens appoints Mark Wilson as MD

  15-04-2024 16:40
  Midlands-based broker Cowens Group has named Mark Wilson as managing director of its general insurance division.
  
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• Allianz hails "milestone" with updated trade credit offering

  15-04-2024 16:02 via insuranceage.co.uk
  Allianz Trade UK has refreshed its trade credit insurance product suite.
  
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• Biba launches electric car scheme

  15-04-2024 13:08
  The British Insurance Brokers’ Association and Novo Insurance have launched a motor insurance scheme tailored for electric cars in the UK market.
  
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• Recorder to unveil commercial platform for brokers at Biba Conference

  15-04-2024 12:58
  Insurtech Recorder will roll out its SME focused software platform at the British Insurance Brokers’ Association’s conference in Manchester next month with a promise to offer a free version exclusively to attendees.
  
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• Rokstone acquires box at Lloyd’s

  15-04-2024 11:43
  Managing general agent Rokstone has taken box 355 located on gallery three at Lloyd’s, in a three-year deal.
  
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• Broking Success: Weir Insurance managing director Karen Weir

  15-04-2024 11:41
  Karen Weir, managing director of Weir Insurance, sees retraining non-insurance talent and retaining control as advantages as her business looks to grow by 15% in 2024.
  
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• Biba Conference 2024 countdown: Pen Underwriting’s Nick Wright

  15-04-2024 11:20
  With one month to go before the Biba Conference 2024, Nick Wright, chief development officer at Pen Underwriting, kicks off our preview series.
  
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• UK weather-related insurance claims reach record £573m

  15-04-2024 06:00 via theguardian.com
  
  Flood and frozen pipe damage caused by series of storms, says Association of British InsurersStorms and heavy rain pushed up weather-related home insurance claims in the UK by more than a third last year to a record £573m, according to industry data.The repair bill for storm damage and other extreme weather during 2023 was £150m more than in 2022, the Association of British Insurers said, contributing to an overall 10% rise in residential property claims settled last year. Continue r
  
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• UK home insurers hit by surge in weather damage claims

  15-04-2024 01:00 via ft.com
  Last year’s severe storms highlight growing challenge caused by climate change
  
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• ‘Completely destroyed’: how a Halfords service left a car owner £2,000 out of pocket

  13-04-2024 08:00 via theguardian.com
  
  A man was left in despair when his beloved Alfa Romeo was wrecked on a test drive by a staff memberA Birmingham man who took his beloved Alfa Romeo to Halfords Autocentre for a routine service has described his despair after it was written off on a test drive by a staff member, leaving him more than £2,000 out of pocket.Ian Tubbs contacted Guardian Money when, rather than helping a customer whose car was “completely destroyed” in its care, Halfords refused to accept liability f
  
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• MGA Blagrove resumes trading after securing Accredited capacity

  12-04-2024 14:53 via insuranceage.co.uk
  Blagrove Underwriting Agency and two MGAs it supports with capacity have today resumed offering quotations and renewing polices, Insurance Age can reveal.
  
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• My Insurance Downtime: LexisNexis Risk Solutions' Andrew Ballard

  12-04-2024 14:49
  Andrew Ballard, product principal, LexisNexis Risk Solutions, Insurance, offers us a window into his life outside of insurance covering DIY, the music of Terry Hall and the enjoyment of restoring a 1964 Vespa scooter.
  
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• Seventeen Group makes third acquisition of the year

  12-04-2024 12:07
  Seventeen Group has purchased Watford-based Jannard Quadrant Insurance Brokers, which has a total gross written premium amounting to £3.5m.
  
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• Partners& promotes trio as it readies 'next stage of growth plan'

  12-04-2024 12:04
  Partners& has created three new senior leadership roles, as it positions itself for what it describes as “the next stage of its growth plan”.
  
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• Partners& promotes trio as it readies ‘next stage of growth plan’

  12-04-2024 12:04
  Partners& has created three new senior leadership roles, as it positions itself for what it describes as “the next stage of its growth plan”.
  
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• Sporting Sponsor: Spring Insure Guernsey and rugby on the island

  12-04-2024 10:41
  Insurance Age caught up with Nigel Brand, CEO Spring Insure Guernsey, to find out more about the MGA's sponsorship of rugby on the island.
  
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• Iprism trebles profit to £1.8m in 2023 results

  12-04-2024 10:36 via insuranceage.co.uk
  Iprism Underwriting Agency has more than trebled its profit for the financial year ended 30 June 2023 according to its latest Companies House filing.
  
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• People Moves: 8 – 12 April 2024

  12-04-2024 10:35
  Keep up to date with the latest personnel moves in insurance.
  
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• Myfirst’s James Noble targets £40m GWP after becoming directly authorised

  11-04-2024 16:51
  James Noble, CEO and founder of Myfirst, is targeting £40m gross written premiums in 2024 after the business grew from £1.5m GWP to £19m GWP in three years.
  
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• Biba responds to FCA’s travel insurance signposting review

  11-04-2024 13:08
  The British Insurance Brokers’ Association has welcomed the Financial Conduct Authority’s post implementation review of travel insurance signposting.
  
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• RSA confirms trading structure ahead of NIG integration

  11-04-2024 11:56 via insuranceage.co.uk
  RSA Insurance today confirmed its new regional trading structure ahead of the integration of NIG on 1 May.
  
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• In Depth: Managing cyber risk in an ever-changing security landscape

  11-04-2024 10:32 via insuranceage.co.uk
  In today’s interconnected digital landscape, cyber threats are becoming more sophisticated, posing serious risks to organisations and their partners. Aviva’s cyber senior risk consultant, Oliver Osei-Ofosu, explains the importance of cyber security can no longer be ignored as technology advances.
  
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• PIB continues European expansion with Romanian deal

  11-04-2024 10:29
  PIB Group has added Romania to its growing European footprint, by striking a deal with STEIN Bestasig Insurance Broker.
  
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• Winslow reunited with Aviva CFO Poole at DLG

  11-04-2024 10:11 via insuranceage.co.uk
  Direct Line Group has appointed Jane Poole as group chief financial officer of the company, subject to regulatory approval.
  
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• In Depth: Cyber risk and AI – friend or foe?

  10-04-2024 12:49
  The rise of artificial intelligence signals both a threat and opportunity for UK firms in pursuit of a cyber-secure future. But how can brokers help clients stay on the winning side, asks Saxon East.
  
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• Private equity and broking specialist Kirby joins PIB

  10-04-2024 12:44
  Richard Kirby has joined PIB Group as chief transformation and integration officer covering the retail, specialty, underwriting and schemes divisions and all international territories as the group expands.
  
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• FCA set to raise broker levy by 9.8%

  10-04-2024 12:18
  The Financial Conduct Authority is set to hit brokers with an inflation busting 9.8% hike in fees for the general insurance mediation pot in 2024/25.
  
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• NBS Underwriting rolls out commercial combined

  10-04-2024 11:06
  NBS Underwriting has added commercial combined insurance to its product portfolio building on the acquisition of Capital Markets Underwriting.
  
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