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Biba 2024: Aviva not afraid of ‘tough’ conversations, but ‘categorially’ committed to broker PL, says MD Morris
Aviva has reiterated its commitment to brokered personal lines business, although it is not opposed to a bit of ‘tough’ love to maintain a consistent approach to the market. -
Blog: Is tech really the solution for underinsurance?
As we move into an even more digital world, with some insurance quotes and policies being completed strictly online, which would better help address underinsurance: re-introducing human contact or using even more new tech? Rosie Simms weighs up the arguments. -
Clear buys credit insurance specialist
The Clear Group has bought the book and assets of Lichfield-based credit insurance specialist Rycroft Associates including Inspire Credit Management. -
Allianz to boost engineering workforce to 800
Allianz Engineering Inspection Services is growing its workforce from 654 to over 800 in the next four years as it targets becoming the biggest engineer surveyor team in the UK. -
Home insurance prices surge a record 41.6% in a year
The average quoted price of home insurance rose by 41.6% in the 12 months to April, surging again to another new record rate for an annual rise. -
Brokers eyeing up expansion in non-standard
More than three quarters (79%) of brokers had an increase in non-standard insurance enquiries over the past year with an identical amount expecting continued growth in the year ahead, according to a survey by Prestige Underwriting. -
CFC launches second carbon insurance solution
CFC has launched its second insurance solution for buyers of voluntary carbon credit, Carbon Cancellation Insurance. -
It’s game over after Axa raised my home insurance price by 70%
via theguardian.comEvery year its renewal goes up by about 20%, then we negotiate. But this year it is playing hardballI have been a customer with Axa home insurance for nearly 10 years and have never made a claim. Every year, when the policy comes up for renewal, Axa plays a game with me: it sends a renewal invitation with a substantially increased price of about 20%. I then call in and we agree a sensible price in line with inflation. This year, however, it seems to want to play hard ball: the renewal quote is a -
Simon Mabb named head of UK regions at AssuredPartners
The new head of UK regions at AssuredPartners has promised a focus on organic growth as he looks to facilitate support and co-operation across the business in the recently created role. -
AUB takes 40% stake in Momentum
Tysers owner AUB Group has signed up to buy a 40% equity stake in appointed representatives network Momentum Broker Solutions, subject to regulatory approval. -
Welsh broker strikes another deal
Abergavenny-headquartered FR Ball Insurance has acquired Howells Insurance in Llantwit Major. -
JMG in double swoop for motor and cleaning specialist brokers
JMG has bought Executive Insurance Services and Gleaming Insurance in a move it said took the group to £300m in premium. -
JMG in double deal swoop for motor and cleaning specialist brokers
JMG has bought Executive Insurance Services and Gleaming Insurance in a move it said took the group to £300m in premium. -
Brown & Brown expands further in Northern Ireland with latest buy
Brown & Brown Europe has bought Rollins Insurance Brokers, based in Holywood Northern Ireland. -
Brown & Brown expands further in Northern Ireland
Brown & Brown Europe has bought Rollins Insurance Brokers, based in Holywood Northern Ireland. -
Vehicle damage claims in Wales fall 20% since speed limit cut to 20mph, says insurer
via theguardian.comCampaigners say lower speeds reduce casualties but scheme has since been amended to give people more choice to rescind limitsVehicle damage claims in Wales have fallen by 20% at one leading car insurer since the nationwide 20mph speed limit was introduced there last September.Wales was one of the first countries in the world, and the first nation in the UK, to introduce legislation for a default 20mph speed limit in built-up areas last year. Continue reading... -
CGI leader Andy Jones on transforming the market and the data standards vision
Creating a data standard is “the real utopia vision”, Andy Jones, director for consulting services in insurance at CGI in the UK, told Insurance Age. -
Aviva warns on increase in summer floods
More floods are happening outside of traditional ‘flood season’, with more than a third (35%) of home insurance flood claims occurring between June and August, according to new analysis from Aviva. -
People Moves: 3 – 7 June 2024
Stay in the loop with the latest insurance personnel moves. -
Lloyd & Whyte 2023 deal totals revealed
Lloyd & Whyte made four acquisitions in 2023 at a cost of £6.5m, as the previous purchase of SEIB helped boost turnover to £47.93m. -
Flood Re CEO Andy Bord steps down after seven years
Andy Bord, pictured, CEO of Flood Re, will be stepping down at its annual general meeting this July after seven years in the role. -
London-based MGA incubator acquired by US insurance group
Ambac Financial Group, the US-based insurance holding company, has agreed to acquire a 60% controlling stake in Beat Capital Partners, the specialist insurance underwriting and managing general agency incubator, for $282m (£220.6m). -
Ex-insurance broker jailed for pocketing £46k from bouncy castle hire companies and amusement parks
A former insurance broker has been jailed for two years, after he stole £46,125 by editing a wholesale broker’s contracts to increase the cost of premiums paid by his clients, the City of London Police have confirmed. -
Seventeen Group strikes two deals
Seventeen Group has bought Wisemans Insurance Services in Ashford and Manchester-based North West Risk Solutions. -
Allianz Commercial backs MGA on marine products
Allianz Commercial has teamed up with ProMarine on a multi-product strategic underwriting and claims delegated authority agreement. -
Accelerant Insurance Europe sees record GWP ahead of UK MGA business transfer
Accelerant Insurance Europe recorded €780m (£664m) gross written premium for the 2023 financial year (2022: €659m), according to its latest Solvency and Financial Condition Report. -
SRG adds Accredited capacity to MX
Specialist Risk Group’s managing general agent, MX, has sealed a capacity deal with Accredited Insurance (Europe). -
Pen expands into Ireland with Wrightway Underwriting
Pen Underwriting has bought Republic of Ireland-based managing general agent Wrightway Underwriting establishing its first on-the-ground presence in the country. -
Ardonagh buys BP Insurance Brokers
Ardonagh Advisory has bought Lancashire regional and specialist personal lines broker, BP Insurance Brokers. -
Mike Dickinson named MD at Russell Scanlan
Mike Dickinson has been appointed managing director of Nottingham-headquartered Russell Scanlan with Bryan Banbury stepping down but staying at the broker as chairman.
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