Headline makers - June 2020
The hottest stories on www.insuranceage.co.uk, the month in numbers and quotes from the biggest news stories of the month
The top 5 most readThe hottest stories from May on www.insuranceage.co.uk
Aviva joins string of insurers under attack in Covid-19 BI dispute
The Hospitality Insurance Group Action, which has appointed law firm Mishcon de Reya to fight in its corner, revealed that its group litigation will be focused on two insurers, QBE and Aviva. www.insuranceage.co.uk/7512976
Covid-19: Hiscox Action Group says brokers acted in “good faith”
A number of brokers are supporting the work of the Hiscox Action
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Insurers and brokers must develop services to help customers understand risks – Neil Galjaard
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Hiscox UK reports best growth since 2018 on back of “reinvigorated” distribution strategy
Hiscox has recorded its strongest growth in its UK retail business since in 2018 as the group reported a record pre-tax profit of $685.4m (£540.6m) in its 2024 full year results on written premiums of $4.77bn.
Marshberry: US consolidators bypassing UK for Euro deals as targets dry up
Acquisitive US brokers might favour deals in territories outside the UK to enter and grow in Europe as the number of targets here shrinks.
In Depth: Risk-first broking – unlocking better terms through risk insights
To win out in the future brokers need to evolve from being insurance policy facilitators to proactive risk managers. Alan Sumner, risk management director, general insurance broking at Ardonagh Advisory, explains.
The Yorkshire Broker looks to build on base as inquiries grow
Launched in 2023, The Yorkshire Broker has seen inquiries kicking up in the past six months, according to managing director Martin Weaver-Parker, after “a bit of a slow start”, as he targets doubling gross written premiums in 18 months.
AUB reports Momentum and Movo deal costs
Sydney-headquartered AUB Group has revealed the costs of snapping up 40% of appointed representatives network Momentum Broker Solutions and 80% of fellow AR offering Movo Group last year, and promised more deals to come.
US parametric specialist buys Floodflash
Insurtech Floodflash has agreed terms to be bought by US parametric insurance specialist NormanMax Insurance Holdings.