Articles by Ida Axling
FCA updates dual pricing rules
Regulator releases policy statement with updates and clarifications to its GI pricing rules following feedback, but highlights that the changes do not affect its desired outcomes.
Endsleigh confirms redundancy consultation
The broker has opened a 30-day consultation as it prepares to transfer some of its business to owner A-Plan.
Ardonagh reveals £900m capital raise
CEO David Ross says increased firepower will fund acquisitions in the UK as well as the consolidator's international expansion.
Ardonagh reports rising income and Ebitda for H1 2021 as losses shrink
Consolidator reports loss for the period of £41.3m, while total income for the group hits £433.2m in the first half of the year.
Flock reveals expansion plans as it looks to grow in the broker space
Chief revenue officer, Christen Smith, tells Insurance Age about the drone specialist's plans for growing its broker network and launching new products.
Ross Dingwall moves to Partners& from Hiscox
Former Hiscox UK broker boss Dingwall joins Partners& as managing partner (Scotland) and will focus on expanding the broker's footprint in the North of England and Scotland.
Aston Lark Ireland buys again
Deal for Dublin-based Brassington Insurance is consolidator's sixth in the Republic of Ireland this year.
WTW names new president and CEO
Carl Hess is to take over the reins on 1 January 2022, succeeding current boss John Haley who is set to retire.
Admiral profit soars by 76% in first half of 2021
COR improved to 75.2%, while its lockdown rebate cost the provider £21.1m during the six-month period.
Allianz Holdings reveals drop in GWP in first half of 2021
Provider points to continued impact from Covid-19 as well as competitive market conditions and the run-off of certain portfolios as it also reports a COR of 91.7%.
Hastings profit hits £76m
Provider says it has seen premium reductions in motor due to Covid restrictions as GWP slips slightly to £481m.
Aston Lark buys Plester Group
The Kidderminster-headquartered broker's specialisms include construction, motor trade, high net worth and unoccupied property and the deal brings 19 staff to Aston Lark.
Hiscox returns to profit in H1 2021
Provider also records rise in GWP and an improved COR of 93.1%.
Brokers say incoming Hiscox CEO will need to tackle reputation issues following BI row
Experts note Bronek Masojada, who is stepping down as Hiscox group CEO later this year, has built a business focused on quality, but some want to see a stronger broker focus as they say successor Aki Hussain's challenge will be to "win back the trust" of…
Gallagher reports rise in brokerage revenues for H1 2021
Simon Matson, CEO, Europe, Middle East and Asia, said the UK division had seen organic growth of 9%.
Aston Lark reports Ebitda and revenue growth for 2020
The consolidator now places circa £900m in gross written premium and employs over 1,500 people in over 50 offices across the UK and Ireland.
CFC promotes Graeme Newman to CEO
Founder Dave Walsh takes on group CEO role to focus on CFC's global operations.
TIF Group confirms travel insurance sales hiatus
MGA says existing customers are unaffected after insurer URV "temporarily paused new sales".
Profits up at CDL in 2020
The software house recorded a £52.7m turnover for the year, largely in line with its results for 2019.
Allianz restructure sparks mixed reactions
Brokers say senior exits at the provider lead to “some concern but also some opportunity” as the insurer is slammed for focusing on larger corporate consolidator relationships in recent months.
Gallagher divestment deal aborted after WTW/Aon merger breaks down
Gallagher had been set to buy £3.6bn of WTW assets including Willis Re as part of Aon/WTW divestment plans ahead of their proposed combination.
Aon/WTW merger collapses amid US DOJ lawsuit
Aon is set to pay a $1bn termination fee to WTW as CEO Greg Case says the two businesses "reached an impasse with the US Department of Justice".
Ardonagh creates European unit led by Conor Brennan
The Dublin-headquartered business will operate alongside Ardonagh Global Partners with plans to expand across Europe.
Beazley returns to profit in H1 2021
Provider reports a COR of 94% as GWP rises by 22%.