Commercial
ABI pledges to double apprenticeships by 2025
The organisation has committed to offering 2,500 apprenticeships over the next three years and increasing inclusivity across the sector.
GRP to buy majority stake in Hamilton Fraser
Consolidator set to make third purchase of the year.
QBE International improves COR to 90.6%
The insurer’s international division, which includes the UK, posted a 15% increase in gross written premium for the full year 2021.
Jackson Lee highlights EV as "growing opportunity" for brokers with new launch
Jackson Lee Underwriting has launched electric vehicle early termination cover for companies participating in salary sacrifice schemes, as part of a wider push into the EV space in 2022.
M&A activity not 'sustainable', says IMAS founder Laughton-Scott
Prices are forecast to remain "pretty firm" this year.
M&A deals hit £6bn in 2021
The latest annual review published by IMAS explains the "M&A frenzy" and warns of challenges ahead.
Allianz focused on growth in 2022, says Holmes
Insurer posted a 9.4% rise in operating profit to £318m for 2021 but recorded a 3.2% fall in gross written premium to £3.8bn.
Axa launches EV fleet product
The insurer cited an increase in electric vehicle sales and the ability to offer a greener fleet option to businesses among the reasons for the move.
Allianz posts improved operating profit for 2021 but GWP slips
The provider reported a 3.2% decrease in GWP to £3.8bn.
SJL set ups Bristol ‘hub’
It is the third office for the business, and founder Simon Lancaster says there are plans to open in other areas of the UK
Gallagher leader targeting organic growth
Newly appointed regional leader Elliot Miller confirmed the business is also open to making acquisitions.
Insurer payments for settled BI claims top £1bn
Providers have also made £307.9m in initial payments, according to the latest figures from the Financial Conduct Authority which is set to end its data releases next month.
Biba unveils 2022 conference agenda
The trade association revealed that delegates will hear from the FCA's executive director Sheldon Mills about the regulator's agenda, and the event will also feature broadcaster Andrew Marr plus Olympians Laura and Jason Kenny.
Clear targets £300m GWP by end of 2022
Mike Edgeley, Clear Group CEO, revealed the broker's growth ambitions after snapping up Kent Insurance Brokers, its plans for Brokerbility after Ashwin Mistry stepped down, and reflected on the state of the market.
Partners& adds to employee benefits proposition with buy and partnership
Partners& has bought Direct Healthline and partnered with Advo Group to boost its wellbeing and benefits business.
ThingCo expands into Northern Ireland with broker deal
The telematics provider has sealed a deal with independent broker association Provincewide.
Analysis: Balancing risk and opportunity in the metaverse
Insurance Age spoke to industry experts to find out how the metaverse is changing the risk landscape and what opportunities it offers brokers and insurers alike.
Brit turns loss to profit in latest results
The provider also reported a 32% increase in GWP, going from $2.4bn (£1.87bn) in 2020 to $3.2bn (£2.4bn) for the year ended 31 December 2021.
Beazley reports "robust" profit in 2021 results
The provider turned a $50.4m (£37.1m) into a pre-tax profit of $369.2m (£272.1m) for the year ended 31 December 2021 while also seeing its GWP shoot up by 30%.
Zurich UK reports £470m operating profit
The provider reported that the UK business grew 13% in its P&C division.
PIB reshuffles management team
The changes include Adrian Colosso becoming chairman of its specialty business and Bernard Macgeean set to become chair of Q Underwriting and PIB’s Schemes & Affinities.
H&H lifts lid on Tynedale deal
The broker is on track to grow its business by 14% this year and saw its GWP increase by £1.5m following the recent acquisition in Hexham.
Verlingue gears for growth
The family-owned business is seeking acquisitions and organic growth as it targets income increase.
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