The High Street business, primarily known for personal lines, is targeting to become a top ten commercial broker. Head of the unit, Richard Easterbrook tells Insurance Age about the plans.
GWP in property & casualty went up to £1.5bn for the first half of 2021.
Focus on simplification, digitisation and broker relationships drives growth for the insurer.
The division showed significant improvement in performance compared to the first six months of 2020.
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The insurer also delivered a 30% increased profit after tax for the first half of 2021.
The sharing economy start-up has signed a distribution deal with the providers.
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The move follows deals to buy Bennetts and the brands Autosaint, Ladybird and First Van.
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%.
Shawbrook Bank supported the venture with a commercial loan.
The industry was forced to cancel a raft of events including Glastonbury Festival, Boomtown and Womad after insurers backed away and the government dragged its feet on delivering alternative cover.
Direct Line Group reported that its commercial division, including NIG, delivered an increased operating profit of £43.6m.
Following its takeover by Intact, RSA's UK, Ireland, Europe and Middle East operations also reports gross written premiums of £2.3bn.
Acquisition provides further entry into Ireland and expands specialty expertise for the US headquartered business.
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.
Provider also records rise in GWP and an improved COR of 93.1%.
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…
The provider joins Let Alliance and HomeLet as part of the business’s rental proposition.
Three Sixty is based in Bolton and is a specialist private client broker.
James Burgess, of trade credit specialist Atradius, explains how the sector has had to evolve to help clients throughout the Covid-19 crisis.
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.
Brokers, insurers and industry experts discuss the main obstacles in attracting young talent and what the industry can do to solve its image problem.