Commercial
AssuredPartners continues south-west push with broker buy
AssuredPartners bought South West Brokers, which trades under the name of Westinsure Plymouth.
SRIS eyes £250m GWP within two years
Specialist Risk Insurance Solutions grew gross written premium 20% last year and the £130m business is eyeing up £250m by the end of 2024, managing director Oliver Thorne told Insurance Age.
RSA posts £65m profit for 2022
RSA has reported a pre-tax profit of £65m for 2022 swinging back from a loss in 2021.
Lloyd’s confirms £2.6bn underwriting profit and targets £56bn GWP in 2023
Lloyd’s has delivered a £2.6bn underwriting profit for 2022, up from £1.7bn the year before.
FCA opens survey on SME thresholds for FOS insurance complaints
The Financial Conduct Authority has launched a review on shifting the thresholds for SMEs to be able to refer complaints to the Financial Ombudsman Service, as it revealed there have been 1,835 insurance complaints since the rules came into force on 1…
Ecclesiastical UK & Ireland COR stable as investment losses drive group deficit in 2022
Ecclesiastical Insurance grew gross written premiums in the UK and Ireland by 16% in 2022 to £344.8m, the provider has revealed.
Intangic MGA launches with Axa XL-backed cyber parametric policy
Intangic MGA has launched with backing from Axa XL, offering parametric cyber insurance for large public corporations headquartered in the UK.
FCA boss Brewis to address Consumer Duty concerns at Insurance Age event
Matthew Brewis, director of insurance at the Financial Conduct Authority, has been confirmed as the keynote speaker for the first Insurance Age Broker Breakfast event in Leeds next month.
Gallagher boosts education practice with FE Protect purchase
Gallagher has struck its first UK deal of the year – buying Liverpool-based FE Protect, which specialises in the education sector with a particular focus on further education.
Zurich UK launches climate change resilience services
Following the launch of Zurich’s Global Climate Change Resilience Services, Zurich UK is making the full range of services available to its domestic customers and it will also be available through brokers.
In depth: How to reduce underinsurance through effective risk management
Underinsurance continues to be a massive problem. Martin Friel looks at how risk management could help brokers combat this growing trend with benefits for all.
Close Brothers premium finance drops 2%
Close Brothers has revealed a 2% fall in its premium finance book to £990.1m in its latest set of results.
Profits down two-thirds at Sabre in 2022
Sabre Insurance has reported a 66.5% drop in profit after tax to £10.1m for 2022, as the combined operating ratio deteriorated to 96% from 79.4% in 2021.
SRG buys Consort Insurance
Specialist Risk Group has bought mid-market commercial broker, Consort Insurance, subject to regulatory approval.
In depth: Why resilience is key to an holistic risk management solution
While overseeing risk continues to be part of the insurance conversation, Martin Friel discovers there is a greater understanding that protecting a business is less about focusing on particular incidents – and more about its resiliency as a whole.
JMG buys HGV and motor trade specialist New Era
JMG Group has bought former appointed representative, Stoke-on-Trent-based HGV and motor specialist New Era for an undisclosed sum.
Commercial grows at Direct Line as group falls to £45m loss
Direct Line grew commercial business across NIG and its own direct brands by 14.7% in 2022 to £749.3m of gross written premium.
The stats: The only way is up - Q4’s commercial premiums continue to rise
Businesses are yet again facing more costly cover with the Acturis Commercial Broking Index revealing increases across the board, reports Rachel Gordon.
Allianz reveals global plan to bring mid and large corporate under one model
Allianz Group has unveiled Allianz Commercial featuring an integrated approach for Allianz Global Corporate & Specialty and mid-sized country-based accounts.
Meet the MGA: Qlaims
Now its fourth year of trading, Qlaims CEO Liz Latter outlines her mission to make loss recovery insurance a mainstream product and for her MGA to be the “go to” provider for customer facing claims solutions
Nirvana completes MBO from Castel
Nirvana Risk Partners, a division of Castel Underwriting Agencies, has completed a management buyout from the club-style MGA formation platform.
Rocketing commercial premiums piles pressure on SMEs
Recent figures from Acturis show that commercial insurers are continuing to increase the cost of cover across a range of core sectors.
Opinion: Limited or unreliable information can lead to underinsurance
Brokers need to work with policyholders to push for better quality and more frequent surveys to combat underinsurance, argues Paul Mayer, valuations manager at Sedgwick.
Lloyd’s hails underwriting performance as COR drops to 91.9% in 2022
Lloyd’s has labelled its underwriting performance in 2022 as good as any in recent memory with “more than expected” improvement.