Insurer
Axa UK: broker clients will benefit from contractor body cameras
A major insurer is providing body cameras to contractors in move it claims will enable broker clients to highlight best practice to underwriters.
People the number one priority for Axa Commercial CEO Jon Walker
“People are the only true differentiator that any of us have in the marketplace,” according to CEO of Axa Commercial, Jon Walker.
Pen takes box at Lloyd’s
Pen Underwriting has taken a box at Lloyd’s, which will be staffed initially with a marine team ahead of diversifying into complementary products and other lines.
Sabre confirms cyber attack
Motor insurance specialist Sabre has revealed being hit by a cyber attack on 16 November.
Insurers twitchy on pest controller insurance
As bed bugs infiltrated headlines across the UK last month, publicity for the pest control sector spread alongside them.
FCA warns of Axa clone
The Financial Conduct Authority has warned of a clone claiming to be Axa Insurance UK and Axa Investment Managers UK.
CFC extends cyber cover for professional services firms
Cyber insurance provider CFC has upgraded its packaged insurance policies for professional services businesses in a move it claimed could be a “game changer” for SMEs that cannot afford standalone cyber cover.
Aviva personal lines jumps in Q3 but UK insurance COR grows
Aviva has reported a 20% boost in UK personal lines to £2.15bn, as commercial lines also rose to £2.39bn from £2.15bn in Q3 2022.
SiriusPoint takes Alex Hardy from RSA
SiriusPoint has swooped for RSA’s sales and distribution director Alex Hardy.
Ex-broker among 10 arrested in police crackdown on commercial insurance fraud
Ten people have been arrested across the country, and 18 vehicles seized during a two-week police operation to tackle commercial insurance fraud.
Canopius appoints Mark Newman as UK CEO
Canopius Group has named Mark Newman as UK CEO, moving from his current position of CEO for Asia-Pacific.
Aspen unveils UK construction sector wellbeing product
Aspen Insurance has unveiled Construction Wellbeing to support the rising challenges associated with the mental health of employees working in the UK construction industry.
Chubb rebrands division alongside media product launch in UK
Chubb has launched a media insurance product for clients in the UK, and rebranded its existing UK technology industry practice as the technology and media practice to reflect its new focus.
Jacqui Kelly on pushing forward with brokers at Zurich
Zurich will be deepening its relationships with brokers and building new partnerships in 2024 as it targets growth across SME, mid-market and high-net-worth business, head of sales and distribution Jacqui Kelly has committed.
Ecclesiastical calls on brokers to speak to HNW clients on underinsurance
Three out of five (62%) high net worth collectors are worried that their collections and art are underinsured, according to insurer Ecclesiastical.
People Moves: 6 – 10 November 2023
Stay in the loop with the latest insurance personnel moves.
Primary sells Policy Expert to Abu Dhabi Investment Authority
The Abu Dhabi Investment Authority has acquired a majority stake in insurtech Policy Expert from Primary Group, Insurance Age can reveal.
FSCS keeps broker levy at zero for 2023/24 and projects same into 2024/25
The Financial Services Compensation Scheme has maintained plans to keep general insurance brokers’ contribution to zero this year, and forecast that this will remain the case in the 2024/25 financial year.
Third year of institute operating losses at CII
The Chartered Insurance Institute has revealed an operating loss of £760,000 for 2022 in its institute division, where revenue and membership fell as the wider group swung back to overall profit.
Coalition targets Northern brokers with senior Allianz hire
Cyber insurance specialist Coalition has appointed Gareth Machin as its first Manchester-based underwriter in the UK.
ABI calls for IPT cut as motor insurance prices hit record high
The average price of motor insurance increased by 29% in the third quarter of 2023, compared to the same time in 2022, reaching a record level £561, according to the Association of British Insurers’ Motor Premium Tracker.
Hiscox: Impact of non-core withdrawal to dissipate by end of 2023
Hiscox expects to see its UK topline growth ramp up in 2024 once it has finished exiting non-core underwriting partnerships, and its new marketing campaign starts to reap benefits.
Arch takes team from Aon to launch intangible assets offering
Arch Insurance International has taken a team from Aon after an agreement to acquire some assets of its intellectual property liability managing general agent business.
MGA OneBefore launches targeting individuals and SMEs
Managing general agent OneBefore has launched in the UK with the support of Mission Underwriters and capacity from Accelerant Insurance Europe.