Insurer
People Moves Round-up: 21-28 October 2019
Keep track of the most recent market moves.
Dual Asset partners with Aviva on legal indemnity insurance
Dual will continue to underwrite enquiries from its own distribution channels as well as all enquiries received by Aviva.
Brokers puzzled as Markerstudy reports £217.3m loan deadline
Insurance Age gauged the mood of the broker market and found strong support for Markerstudy's future prospects.
Opinion: Former Ten Insurance director James Sharp on market hardening
How we got a hardening market: Life is getting tougher for brokers in PI and construction as premiums shoot up, says James Sharp
CRL Management likely to close amid Alpha fallout
Alpha was CRL's sole provider until it went bankrupt last year, and CRL has filed a document on Companies House which proposes the firm is wound up.
Experts urge pet providers to turn to social media
A GlobalData report suggested that engaging with pet influencers on Instagram and Facebook could benefit insurers and brokers.
CII to focus on money at Insuring Women's Futures event
The body has challenged brokers and insurers and financial advisers to speak to at least ten women about how they can improve their financial situation in Talk Money Week.
Personal lines cyber cover is untapped market, analyst claims
GlobalData said growth was dependent on more households owning connected devices.
IUA sets up construction group
Group formed amid ongoing issues with capacity in the construction market.
Insurers most at risk from FCA pricing review named by analyst
Analyst firm Peel Hunt highlighted Direct Line, RSA and Saga as particularly vulnerable.
Jackson Lee creates fleet GAP with temporary vehicle replacement
Firm claims that the product is the first of its kind in the market.
Go Compare owner in £120m refinancing
Both the credit facility and four-year term loan included in the refinancing can be extended for an additional year.
CMA’s investigation into Compare the Market sees timeline extended
Investigation centres on clause included in the aggregator’s home insurance contracts which may potentially cause consumers to miss out.
Blog: Keeping it local
Nick Hobbs, director of broker markets at Allianz UK, explains the benefits of recognising local markets.
Brokers and insurers unite to support IUAD
Insurance Cares: The Insurance Day of Giving is hoping to raise in excess of £100,000 for dementia research this November.
Markerstudy seeks investment ahead of loan deadline
The directors say it is “business as usual” and payments to Qatar Re have been factored into its strategy ahead of having to pay back a £217.3m loan as it also awaits approval for Co-op deal.
Tedaisy and Instrinsia Group merge
Merger includes Alpha Underwriting, Practice Cover, Intrinsia Brokers and Intrinsia Claims as business looks to £25m in GWP.
People Moves Round-up: 14-18 October 2019
Keep track of the past week’s market moves.
Applied Net 2019: Applied Systems plans UK expansion
Senior vice president of international operations, Jeff Purdy, says software house is looking to add up to 50 employees in the UK and reveals it is considering opening an office in the Midlands.
Blog: Is the capacity crunch a step in the right direction?
Manchester Underwriting Management's, Richard Webb, explores the changing nature of capacity in the market.
Have your say in the UK’s biggest broker survey
Insurance Age has launched the largest independent survey of general insurance brokers. Take part today.
Most complained about insurer revealed
Data from the Financial Conduct Authority highlighted the most complained about providers and brokers.
GI complaints fall amid £2bn PPI payout
FCA data for H1 2019 was final full reporting period before 29 August PPI deadline.
Customer loyalty programme launches for brokers
Proposition from Stubben Edge will enable brokers to offer customers loyalty rewards and has partners including Halfords and Vision Express.