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-
Lloyd’s chair urges cost cuts as underwriting profit dives
Lloyd’s underwriting profit dives as big claims hit -
FCA defends investigation transparency proposals
The Financial Conduct Authority has responded to concerns raised by the House of Lords Financial Services Regulation Committee on its proposal to name firms under investigation. -
Biba Conference 2024 countdown: Abacus’ Richard Burgess
With the Biba Conference on the horizon Richard Burgess, CEO of Abacus, explains he has never had time to see a guest speaker and why he prefers Audible to Oasis. -
LV claims director Milliner tipped for DLG role after exit
LV GI claims director Martin Milliner is to leave the insurer he joined in 2006, Insurance Age can reveal. -
Howden grows presence in Wales with Cardiff office
Howden has opened an office in Cardiff as it seeks to be a prominent force in the commercial broking sector in South and West Wales. -
Market Movement Index: should I stay or should I go?
New research from analyst Broker Insights shows there is plenty of commercial policy movement – particularly in lower premium classes – which indicates strong competition and adequate capacity. But do brokers agree? Rachel Gordon reports. -
Motor premiums increase by just 1% in Q1 – ABI
Motor premiums rose by just 1% in the first quarter of 2024, however the average claim paid increased by 8% according to the Association of British Insurers. -
The crippling home insurance crisis hitting America
via ft.comWhile climate is changing, the model for insurance has not -
Insurers warn climate change means an unhealthy prognosis for cover
via ft.comEffects will increase illness and force the industry to adapt, executives say -
Average cost of UK car insurance rises by one-third in a year, analysis finds
via theguardian.comABI reports annual jump of £157 in first quarter of 2024 but says 1% increase on previous quarter indicates rises are easingThe average price paid for comprehensive motor insurance in the UK was about a third (33%) or £157 higher in the first quarter of this year than a year earlier, according to figures from the Association of British Insurers (ABI).Based on analysis of policies sold, the typical price paid in the first quarter of 2024 was £635, marking a 1% increase on the pr -
‘No one’s being honest about it’: how NHS crisis forces patients to go private
via theguardian.comLong waiting lists are creating a boom in the medical insurance market, leading to fears of a long-term change in attitudes to the health serviceWhen Rosemary Duff heard how long she would have to wait for a hip replacement operation on the NHS, she felt she had no choice but to dip into her savings.“I waited a month to see my GP, then another four months to see a consultant. His opening words were ‘unless you go private, there’s an 18-month waiting list’, which was a bit -
What’s a ‘storm’? Butlin’s sues Aviva over definition after flood damage
via ft.comHoliday group to go head to head with insurers in High Court after rains shut down Somerset resort -
What is a ‘storm’? Butlin’s sues Aviva over definition after flood damage
via ft.comHoliday group to go head to head with insurers in High Court after rains shut down Somerset resort -
Traditional insurers are ‘like frogs getting boiled’, says industry veteran
via ft.comAnant Bhalla turned a life insurer into a play on private assets. Now he wants to build a ‘merchant bank’ for the industry -
Butlin’s sues Aviva over ‘storm’ definition after flood damage
via ft.comHoliday group to go head to head with insurers in High Court after rains shut down Somerset resort -
Butlin’s sues Aviva over definition of a storm after £60mn flood damage
via ft.comHoliday group to go head to head with insurers in High Court after rainfall shut down Somerset resort -
Interview: Simon McGinn on Dual’s regional ground-up build for brokers
In his first interview since taking up the role, Dual UK CEO Simon McGinn tells Insurance Age about his plans for the managing general agent including expanding the reach with regional brokers and boosting the digital offering. -
Biba Conference 2024 countdown: SSP Broker’s Martyn Matthews
With the Biba Conference just weeks away, Martyn Mathews, managing director of SSP Broker, quotes psychologist Carl Jung and recollects getting his kids foam swords and shields. -
Bartlett grows turnover in 2023 as profits stable
Bartlett Group increased annual turnover in 2023 to £17.87m from £16.08m as profits remained stable at £1.79m, according to its latest Companies House filing. -
Bartlett grows turnover in 2023 as profits remain stable
Bartlett Group increased annual turnover in 2023 to £17.87m from £16.08m amid stable profits of £1.79m, according to its latest Companies House filing. -
Gallagher maintains organic growth in Q1
Gallagher has posted 6% organic growth in its UK and Ireland retail division for the first quarter of 2024. -
Aon completes NFP deal
Aon has completed the $13bn (£10.4bn) acquisition of NFP. -
People Moves: 22 – 26 April 2024
Keep up to date on the latest personnel changes in insurance. -
My Insurance Downtime: Richard Webb, Pen Underwriting
Richard Webb, MD of UK financial lines & specialist liability, Pen Underwriting, offers us a window into his life outside of insurance covering politics podcasts, a love of indie music and completing an Olympic distance triathlon. -
Personal lines broker boss Mike Crane exits LV
Mike Crane, managing director of LV Broker, has decided to leave the business and is being succeeded by portfolio pricing director Nicola George with immediate effect, Allianz has confirmed. -
The growing role for brokers in fighting insurance fraud
With reports of fraud escalating in terms of value or number, the role of brokers in combatting these crimes should not be underestimated. Edward Murray looks at the controls, validation tools and processes being implemented to support both detection and prevention. -
Biba Conference 2024 countdown: Arch Insurance UK’s Mike Bottle
Mike Bottle, SVP, strategy and distribution at Arch Insurance UK regional division, tells delegates not to overcommit and book meetings wisely, explains why Arch’s stand offers a great space for productive conversations, and outlines his love for the Stone Roses. -
ABI stops short on voluntary premium finance cap as it sets out five principles
The Association of British Insurers has stopped short on voluntary industry-led cap on premium finance as it set out five principles aimed at helping consumers manage the cost of paying-monthly for motor insurance. -
Biba Conference 2024 countdown: Aurora’s Jan-Vincent Finn
Jan-Vincent Finn, CEO and co-founder at Aurora, recommends people not just focus on the large stands, hails the rise of data-driven platforms and reflects on the ’80s golden age of Manchester music. -
Caring for the elderly? Not with Saga’s 220% price hike
via theguardian.comNothing had changed for contents insurance on my London flat but it raised the renewal from £78 to £251I am 92 and live in a fifth-floor flat. The block is very secure, with a concierge and fobs for access to each floor. Last year I insured the contents of my home against fire and flood only, with Saga, for £78 (the building is insured by Islington council for £10 a month). Nothing has changed; but this year my renewal quote is £251.I’m trying to get to the bo
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