Insurer
L&G's general insurance up for sale - report
Sky News reveals disposal plans and £300m price tag.
US and UK agree post-Brexit insurance trade deal
But broker warns of the threat of underinsurance if the UK leaves the EU without a withdrawal agreement as businesses stockpile.
Subsidence to schemes – the industry issues brokers clicked on in October and November
The market has also been keen to learn more, via sister site Insurance Hound, about business interruption, Brexit and construction plant theft.
Customers brand “sneaky” dual pricing “exploitative”
78% called for a ban on insurance firms charging higher prices for renewals than new business.
Beazley launches cyber and data breach response portal in UK
It adds to its cyber proposition and is aimed at the broker channel.
Call for evidence on discount rate setting welcomed
The Lord Chancellor has asked for experts to contribute to a review of how the Ogden rate is set with a final decision predicted by May 2019 as the industry hopes it may settle around 1%.
Oak enhances household product to include cyber
The policy now covers losses from fraud, telephone hacking and ransom.
The Blog Spot: Solving dual pricing with three figures
In an excellent piece in The Times last month was a reference to a suggestion – that renewal invitations should in fact have three prices on them.
Review of the year: January
2018 started off with a bang with FCA fines and some big ticket M&A involving Markerstudy and A-Plan.
Professional indemnity rates set to harden
Less capacity to drive up rates as Loyd's syndicates cut back or pull out of PI.
Aviva aims to disrupt the market with new subscription-style product
Provider to tackle dual pricing with new home and motor offering.
UK subsidence claims jump to £64m in Q3 2018
July, August and September saw highest level of subsidence claims since the record-breaking heatwaves of 2006 and 2003.
Sweeney leaves Brightside
Broker looking to replace the MD with a chief operating officer after restructure.
FCA updates approach to authorisation
Feedback statement follows on from consultation that closed in March.
CMA to step up its interest in vulnerable customers
Body still working on investigation following the super-complaint from Citizens Advice, which slammed dual pricing practices in insurance.
AmTrust’s UK liability exit could see premiums rise
Brokers warned to prepare for prices to increase by 10%-15% as the provider’s departure causes “ripple effect”.
#Insagepeople: 3 - 7 December 2018
Stay up to date with the latest people moves.
InsurTech Futures: Start-ups launch InsurTech body
Thirty-one companies come together with the aim of becoming a formal association in 2019.
Podcast: The top 5 stories of the week
Ida Axling and Siân Barton take a look at this week’s headlines.
Chubb launches terrorism risk management tool
The product is designed to help customers understand their terrorism risk and will be distributed via brokers.
Ceta targeting up to 500 brokers with new online non-standard property service
“Game changing” offering set to go live in mid-January.
Blog: Why it’s important to think about engineering inspections
Allianz head of engineering inspection Martin Ball on why brokers need to ensure that clients take engineering inspections seriously.
Quizzical questions: 30 November 2018
Test your knowledge of the week's news with our topical quiz.
Schemes and insurers jet in for brokers after Ageas’ partial travel exit
Providers “hungry” for business.