Commercial
Private equity Apollo lands Aspen for $2.6bn in cash
Deal expected to close in the first half of 2019.
The Blog Spot: Fighting crime
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 denies being on “big crusade on broker commissions”
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.
Revenue growth for Seventeen Group
Broker points to organic growth as main driver.
Deals boost Finch Commercial’s profit and revenue
Company results for the Broker Network owned firm also reveal a £3m loan from parent company.
LV making “good progress”
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.
LV results hit by weather claims
Profit and COR deteriorates for H1 2018 but GWP increases to £827m amid transfer of business with Allianz.
Biba teams up with Tokio Marine Kiln on drone scheme
Scheme aimed at companies operating drones for commercial or business purposes.
Allianz Insurance takes first step into Lloyd’s
Team moving from LV to focus on fleet.
Commercial business switch from LV to Allianz begins on Monday
Boss Jon Dye silent on future potential acquisition targets.
Podcast: The top five stories of the week
Emmanuel Kenning and Jonathan Swift share their views on the most clicked on articles by brokers.
Operating profit rises at Allianz as COR improves in first half of 2018
GWP flat as business transfers to LV.
Commercial lines firing for Aviva and broker partners, says Bayles
Insurer’s leaders keen on further schemes growth as they report progress in personal lines.
RSA UK posts £39m underwriting profit
COR also improved to 97.0% despite costs arising from the ‘Beast from the East’ but group results are “below ambitions”.
Axa growth driven by commercial
Interim CEO says positive commercial performance was down to broker channel and reveals incoming CEO Claudio Gienal sees the value of UK broker market.
Axa UK & Ireland revenue grows to £2.5bn
COR improves to 97.2%.
GI operating profits fall at Aviva UK
Insurer’s UK COR for the first six months of 2018 slips to 94.3%.
No consolidation spree for Verlingue after ICB deal
Finch and ICB bosses hail “fabulous” opportunity for like-minded businesses.
ICB Group joins Verlingue
Addition triples Verlingue’s size in UK market.
GRP takes majority stake in Chesterfield-based DCJ
Management team and staff to remain with the broker, which has its sights set on making its own deals.
Hiscox predicting cyber and security policies expansion in 2018
SME remains a growth “engine” for the provider.
Arnott Marine launch wine industry product
The cover includes cargo and stock throughput.
Hiscox posts rising premium and profit for start of 2018
Insurer planning for “muted” growth from brokers.
UK SME not a priority for JLT
CEO Dominic Burke says the business is focused globally as it plans for a no deal Brexit.