Product
FCA to raise budget by 10.7%
The Financial Conduct Authority has set its annual funding requirement for 2024/25 at £755m, an increase of 10.7%.
Trade Credit Insurance is again in the spotlight. How can brokers take advantage?
Described as a ‘sleeping giant’ of the insurance market, brokers should wise up to the opportunities offered by trade credit. Especially, as Martin Friel discovers, recent geo-political events mean this vital safety for businesses is edging to toward the…
Markerstudy rebrands broking arm
Markerstudy Broking has been renamed to Markerstudy Distribution to encapsulate the range of products and services across the whole division, the business has confirmed.
QBE launches regional healthcare practice group
QBE has created a healthcare practice group which will be supported by all regional offices in the UK, Insurance Age can reveal.
Commercial Express launches courier package product
Commercial Express has launched a courier package product, designed for brokers whose clients are couriers or delivery drivers using vans or cars in the UK.
Beazley’s profit before tax soars 115%
Beazley has reported its profit before tax leapt to $1.25bn (£984m) in 2023, a 115% increase on the year before.
Home insurance prices jump 40% in a year
The average quoted price of home insurance increased by 40.6% in the 12 months to January – the highest annual increase since Consumer Intelligence began tracking prices in 2014.
RSA launches enhanced A&H proposition
RSA has launched a group personal accident and business travel cover designed to give organisations and their employees “always-on protection”.
MGA launches product to cover EV charging point installation
Legal & Contingency has launched an insurance policy that covers the installation of electric vehicle charging points in England and Wales.
C-Quence enhances management liability with legal expenses
C-Quence has unveiled ML6, enhancing its management liability offering with a legal expenses module and the addition of a range of client support services.
Has cyber reached a tipping point with new entrants and incumbent product pushes?
Against a backdrop where the Financial Conduct Authority has warned the cyber insurance market over its concerns on policy wordings, a recent survey has found over one-third of brokers are still not selling this product. Siân Barton mulls whether a raft…
Ansvar launches business, office and retail policy
Ansvar has launched a business, office and retail policy designed for business activities of social enterprises, commercial organisations, shops and offices.
Profile: Kelly Ogley, Howden – Growth strategy
Kelly Ogley, CEO of Howden Consumer and Local Commercial, outlines the firm’s growth strategy and urges women to back themselves.
Brokers updated on RSA purchase of NIG
Between May and July, NIG will transfer people, premises and assets and then start to move customers to RSA in a phased approach expected to be completed in Q3 2025.
Loadsure launches motor truck cargo insurance
Managing general agent Loadsure has launched Columbia, a motor truck cargo and logistics services insurance.
CFC creates team focused on tax related M&A transactions risks
CFC has established a specialist team to focus on underwriting tax risks connected to merger and acquisition transactions.
MGA to branch out with new life sciences Lloyd’s launch
Asta, through its third-party managing agency at Lloyd’s, has received “in-principle” approval for a new syndicate-in-a-box to deliver a product that aims to accelerate the development of new therapeutic drugs.
Polaris reveals 21% imarket premiums surge to £394m in 2023
Insurance industry owned Polaris has revealed a 21% jump in premiums placed through its digital trading platform imarket to £394m in 2023 as policies broke through the half a million barrier.
NBS launches hospitality product
NBS Underwriting has launched a multi-location hospitality insurance product.
RSA launches resource hub for broker profin clients
RSA Insurance has launched a bespoke online resource hub to help broker clients protect and manage their business.
Aviva boosts group accident and travel products with wellbeing package
Aviva has added mental health support to its group personal accident and business travel products in a move it labelled “a first for the industry”.
In Depth: LEI as a proactive shield - the role of the insurance broker
The widening access gap in legal systems, exacerbated by chronic underfunding and post-pandemic pressures, presents significant difficulties for individuals and businesses seeking justice and challenges for insurance brokers in effectively serving their…
NBS launches excess of loss liability insurance
NBS Underwriting has launched excess of loss liability insurance in a move it flagged enables brokers to offer an additional £5m of public liability cover beyond primary level limits.
Howden claims “first of its kind” with carbon capture and storage insurance facility launch
Howden has launched a product that it claimed will “unlock vital investment to support the global transition to net zero”.