Insurer
Insurance premiums drop 16.9% for young van drivers
But data from Consumer Intelligence also shows that van drivers under 25 pay over 3.5 times more for their insurance compared to other demographics.
People Moves: 16 - 20 August 2021
The latest job moves in the world of insurance and broking.
Ross Dingwall moves to Partners& from Hiscox
Former Hiscox UK broker boss Dingwall joins Partners& as managing partner (Scotland) and will focus on expanding the broker's footprint in the North of England and Scotland.
Jackson Lee launches business travel scheme
The MGA revealed that the new policy, which includes a Covid-19 cancellation feature, allows brokers to build flexible, customised travel cover for clients.
Insurance Hound: Most read by brokers in June and July 2021
Which trending topics have caught brokers’ eyes this summer?
Covid BI claims payments near £1bn
FCA figures show interim payments of £331.2m and final settlements of £636.7m have been made since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 6,073.
Admiral profit soars by 76% in first half of 2021
COR improved to 75.2%, while its lockdown rebate cost the provider £21.1m during the six-month period.
Agreement to speed up claims in pandemic expires
The ABI and ASCO have agreed to set aside the statement of intent develop to speed up claims resolution in the wake of the pandemic.
Zurich UK reports £265m operating profit
GWP in property & casualty went up to £1.5bn for the first half of 2021.
“Best result in a decade” for Aviva GI
Focus on simplification, digitisation and broker relationships drives growth for the insurer.
Aviva GI delivers COR of 91.6%
The division showed significant improvement in performance compared to the first six months of 2020.
Former Allianz employee sentenced for stealing £67,000 from insurer
The man, who fled to the United States while the case was under investigation, was sentenced to two years imprisonment, suspended for two years and community service.
Ageas reports COR of 96%
The insurer also delivered a 30% increased profit after tax for the first half of 2021.
People Moves: 9 - 13 August 2021
The latest job moves in the world of insurance a broking.
Private client MGA launched
Hoxton Insurance Services trades exclusively through brokers and is backed by Hiscox.
Allianz Holdings reveals drop in GWP in first half of 2021
Provider points to continued impact from Covid-19 as well as competitive market conditions and the run-off of certain portfolios as it also reports a COR of 91.7%.
Government finally delivers £750m event insurance scheme
The industry was forced to cancel a raft of events including Glastonbury Festival, Boomtown and Womad after insurers backed away and the government dragged its feet on delivering alternative cover.
Dive-In opens registration
This year the theme of the diversity and inclusion festival is active allyship and speakers include MP Jess Phillips and TV presenter Anita Kapoor.
Hastings profit hits £76m
Provider says it has seen premium reductions in motor due to Covid restrictions as GWP slips slightly to £481m.
NIG grows 16.4% in H1 2021
Direct Line Group reported that its commercial division, including NIG, delivered an increased operating profit of £43.6m.
RSA posts loss for first half of 2021
Following its takeover by Intact, RSA's UK, Ireland, Europe and Middle East operations also reports gross written premiums of £2.3bn.
Hiscox returns to profit in H1 2021
Provider also records rise in GWP and an improved COR of 93.1%.
Brokers say incoming Hiscox CEO will need to tackle reputation issues following BI row
Experts note Bronek Masojada, who is stepping down as Hiscox group CEO later this year, has built a business focused on quality, but some want to see a stronger broker focus as they say successor Aki Hussain's challenge will be to "win back the trust" of…
People Moves: 2 - 6 August 2021
It may be holiday season but there are still job moves to keep up-to-date with.