Insurer
Gallagher reshuffles UK specialty and Pen Underwriting leadership teams
Jonathan Turner moves from Pen to take on UK specialty CEO post as broker creates new head of business development role taken up by John Thompson.
CFC unveils solution for event organisers
MGA says package allows organisers to protect the financial investment of their event.
Major insurers respond to Staveley Head collapse
Staveley Head, which was mainly backed by unrated provider Gefion, advertised major composites on its website. Most of these confirmed only a handful of policies with the broker.
Meet the MGA: Ensurance UK
Tim James, CEO at Ensurance UK, explains why the firm has opened its first office outside of London
Gefion disputes claims from administrator after Staveley Head collapse
Danish provider says it "takes issue" with claims that it had prematurely ended its contract with Staveley Head, causing the broker to go into administration.
Beazley profits jump as COR worsens to 100% in 2019
CEO Andrew Horton says provider is committed to regional brokers through its Birmingham office despite recently pulling out of UK regional marine.
Van insurance premiums rising faster than the rate of inflation
Research by Consumer Intelligence shows the average van premium has risen by 37.4% since April 2014.
Karen Beales joins LEI specialist Financial & Legal
Beales was formerly CEO at UK General but stepped down in 2018.
Headline makers - February 2020
The hottest stories on www.insuranceage.co.uk, the month in numbers and quotes from the biggest news stories of the month
People Moves Round-up: 3-7 February
Keep up to date with the latest market moves.
Opinion: Brookhurst Advisory's Paul Upton on the future of underwriting
The end of underwriting? Is technology a magic bullet to generate profitable underwriting? Paul Upton asks
News analysis: Insurer run-offs could leave brokers searching for capacity
As providers continue to pull out of unprofitable lines of business, a generation of brokers who have never known a hard market could struggle in a capacity crunch, industry experts have warned.
The Insurance Age Podcast: 31 January 2020
Laurence Eastham and Ida Axling discuss the most popular news stories this week, including changes at Marsh Commercial and Hiscox moving 300 staff out of London.
In Person: Markel UK’s Neil Galjaard and Nic Brown
Neil Galjaard, divisional managing director, and Nic Brown, sales and marketing director, tell Insurance Age why organisational restructures and sustainable pricing mean they welcome a hardening market.
ABI reiterates call for government to slash IPT
Trade body's data shows motor insurance premiums rose again in the last quarter of 2019 with increases in IPT and changes to the discount rate driving up prices.
FCA warns of temporary permissions deadline as Brexit looms
There will be no change to EEA firms 'passporting' into the UK from tomorrow (31 January), but the temporary permissions regime will be used if the UK and EU fail to sign an agreement by 31 December 2020.
Hiscox commits to regions and moves 300 staff out of London
Insurer is set to open a new branch in an unidentified location, with staff also set to move to existing offices in York and Colchester. It confirmed no broker-facing roles are affected.
Aviva denies privacy failure after mailing error
The insurer contacted thousands of customers mistakenly calling them ‘Michael’ - reports.
Saga looking at performance and cost efficiencies
Provider states 60% of new customers are choosing its three-year fixed price product as it publishes trading update for the last six months.
Gefion's solvency falls again after order from Danish regulator
The unrated provider was told to restate information in its annual report earlier this month.
Gibraltar’s Quick-Sure enters administration
Having stopped writing new business in 2017, the regulator estimates that only 117 claims are left to be settled.
Hiscox adds extensions to technology cover
Provider now covers intellectual property infringement and pre-claims assistance, as well as unlimited business interruption for firms up to £2m.
Lloyd’s appoints whistleblowing champion
Angela Crawford-Ingle has joined the board of the Audit Committee as Bruce Carnegie-Brown says Lloyd’s is committed to encouraging an open culture.
Keychoice teams up with NIG on commercial vehicle policy
NIG has also added two new products on SSP's commercial e-trading platform.