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-
Insurance/Solvency II: cautious sector has no appetite for rapid change
via ft.comIndustry regulator, with its mandate to ensure stability, has been pitted against the government -
Three quarters of brokers still concerned about underinsured clients claims Aviva
According to Aviva’s latest Broker Barometer survey, 73% of brokers are concerned that some of their clients may be underinsured as just 24% of broker's clients had increased their sums insured to an adequate level. -
Broking profits fall at Saga
Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period. -
Macquarie MGA granted Lloyd's coverholder status
Macquarie Insurance Facility is to expand its insurance capabilities following approval as a Lloyd’s coverholder. -
RSA posts 2023 loss as underwriting result improves
RSA has reported a loss after tax of £89m driven in part by integration costs as the underwriting performance improved year on year. -
Biba Conference 2024 countdown: ICEYE’s Paul Sowden
Paul Sowden, strategic account manager, ICEYE believes his firm will stick out this year as the only one to have a satellite on its stand, and remembers bumping into his first insurance manager who he had not seen for 15 years. -
Alan Boswell seals deal for taxi and driving school specialist
Alan Boswell Group has bought The Insurance Centre, a Norwich-based insurance broker with expertise in taxi and driving schools insurance. -
US fronter Hadron set to onboard first UK MGA in Q2
Altamont-backed hybrid insurer Hadron is aiming to change the reputation of fronters to businesses that priortise sensible and measured underwriting rather than just scale. -
Biba Conference 2024 countdown: CFC’s Pat Brice
As we continue our Biba Conference series Pat Brice, distribution director at CFC, promises socks on its stand, reflects on the post-pandemic buzz of the event and encourages first timers to step back and absorb their surroundings. -
Sutton reveals 25% growth in Acrisure sale year
Sutton Group grew turnover by 25% to £21.1m in the year it was snapped up by Acrisure. -
Broker Paratus & Partners launches to focus on energy price risks
Paratus has launched its insurance broking division Paratus & Partners which offers energy price risk broking expertise. -
Ex-RSA leader Mandy Hunt joins Clear as MGA MD
Clear Group has appointed Mandy Hunt as managing director of its managing general agent business. -
Renault sent me an £11,000 bill to repair my Zoe heater
via theguardian.comThe car is just five years old, and now the company seems to be washing its hands of the matterI read with interest your recent letter.Unfortunately, I am having a very similar experience, but, in my case, Renault wants to charge us £9,121 to repair the heater on our Zoe, which we bought new for £30,000. Continue reading... -
Bspoke sets marker with £5.17m turnover in inaugural accounts
Bspoke Insurance Group has forecast returning to profit after achieving £5.17m of turnover but post-tax losses in its first five months of trading since being formed out of UK General and Precision Partnership. -
Jensten to invest £1m in fledgling brokers through Coversure
Jensten Group will invest up to £1m to help 15 people to start their own brokers this year, with investments made through Coversure. -
Shire Insurance returns to Ecclesiastical for vet schemes
Veterinary sector specialist broker Shire Insurance has teamed up again with Ecclesiastical on all schemes business after a two-year hiatus. -
JMG strikes its biggest deal of 2024 with BQI swoop
JMG Group has bought BQI Insurance and sister company BQI Protection. -
Biba Conference 2024 countdown: Applied Systems’ Tom Needs
An advocate of not leaving the Biba Conference early and of the benefits of automation, Tom Needs, CEO of Applied Systems Europe, outlines his thoughts ahead of the upcoming event. -
Covéa cuts losses but underwriting deficit grows
Covéa Insurance has posted an £87.3m loss after tax for last year with underwriting losses across commercial, personal and speciality lines. -
Cowens appoints Mark Wilson as MD
Midlands-based broker Cowens Group has named Mark Wilson as managing director of its general insurance division. -
Allianz hails "milestone" with updated trade credit offering
Allianz Trade UK has refreshed its trade credit insurance product suite. -
Biba launches electric car scheme
The British Insurance Brokers’ Association and Novo Insurance have launched a motor insurance scheme tailored for electric cars in the UK market. -
Recorder to unveil commercial platform for brokers at Biba Conference
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. -
Rokstone acquires box at Lloyd’s
Managing general agent Rokstone has taken box 355 located on gallery three at Lloyd’s, in a three-year deal. -
Broking Success: Weir Insurance managing director Karen Weir
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. -
Biba Conference 2024 countdown: Pen Underwriting’s Nick Wright
With one month to go before the Biba Conference 2024, Nick Wright, chief development officer at Pen Underwriting, kicks off our preview series. -
UK weather-related insurance claims reach record £573m
via theguardian.comFlood 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 -
UK home insurers hit by surge in weather damage claims
via ft.comLast year’s severe storms highlight growing challenge caused by climate change -
‘Completely destroyed’: how a Halfords service left a car owner £2,000 out of pocket
via theguardian.comA 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 -
MGA Blagrove resumes trading after securing Accredited capacity
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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