Deal expected to close in the first half of 2019.
The ABI’s latest research on insurance fraud in the UK did not use the phrase “ghost broking” but it did reference a fraudster being jailed for selling fake motor insurance policies.
Aviva MD of UK intermediaries, Phil Bayles, says distribution costs need to improve in the sector but denies there is a commission problem following dispute with GRP.
Broker points to organic growth as main driver.
Company results for the Broker Network owned firm also reveal a £3m loan from parent company.
Steve Treloar points to personal lines growth and highlights that the insurer has increased its number of broker partners as business moves between LV and Allianz.
Profit and COR deteriorates for H1 2018 but GWP increases to £827m amid transfer of business with Allianz.
Scheme aimed at companies operating drones for commercial or business purposes.
Team moving from LV to focus on fleet.
Boss Jon Dye silent on future potential acquisition targets.
Emmanuel Kenning and Jonathan Swift share their views on the most clicked on articles by brokers.
GWP flat as business transfers to LV.
Insurer’s leaders keen on further schemes growth as they report progress in personal lines.
COR also improved to 97.0% despite costs arising from the ‘Beast from the East’ but group results are “below ambitions”.
Interim CEO says positive commercial performance was down to broker channel and reveals incoming CEO Claudio Gienal sees the value of UK broker market.
COR improves to 97.2%.
Insurer’s UK COR for the first six months of 2018 slips to 94.3%.
Finch and ICB bosses hail “fabulous” opportunity for like-minded businesses.
Addition triples Verlingue’s size in UK market.
Management team and staff to remain with the broker, which has its sights set on making its own deals.
SME remains a growth “engine” for the provider.
The cover includes cargo and stock throughput.
Insurer planning for “muted” growth from brokers.
CEO Dominic Burke says the business is focused globally as it plans for a no deal Brexit.