Insurer
Aviva pledges no market exits
CEO of general insurance Colm Holmes says life and GI split is going "smoothly" and discusses premium drop in "choppy" personal lines market as MD of intermediaries Phil Bayles pledges that Aviva will not exit any business lines.
Zurich's UK GI COR improves to 85.6%
The COR improved more than 9% points as UK CEO Tulsi Naidu expects to see growth stabilise going forward from efficiencies rolling through to the results.
Cyber insurance payout rates at 99%, claims ABI
The cyber insurance battlefield is far from clear as the trade body calls on the ICO to make more breach data available publicly.
Hastings profits slip in H1 this year
Results for the first half of 2019 show decreased profit and an £8.4m Ogden hit as company reports growing GWP.
Aviva UK GI profits fall in first half of 2019
Provider says results were impacted by bringing the GI business together with UK Digital, as it moves ahead with its cost reduction plan.
Ageas sees H1 2019 profit rise 70% after Ogden boost
UK CEO Andy Watson says insurer is to focus on growth after restructuring and exiting unprofitable schemes, as he discusses why he does not think the government has "covered itself in glory" when setting the new discount rate.
LV GI's Treloar warns of discount rate-led premium rise
The CEO blamed Ogden for the increase as he pledged commitment to UK brokers and discussed the impact of the L&G deal following LV interim results.
#Insagepeople: 5 - 9 August 2019
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Former AIG claims handler jailed for £390,000 fraud
The convicted admitted to defrauding the company in order to fund his drug habit and has been sentenced to two years in jail.
Digital Fineprint to tackle underinsurance in SMEs with new product
InsurTech Futures: Product will alert brokers and insurers to notable business changes that can impact pricing or risk selection.
AmTrust International buys Legal Insurance Management Group
Business will work alongside AmTrust subsidiary Arc Legal.
ERS blames COR deterioration on Ogden
Despite its Ogden woes, the motor insurer was able to post a £3.1m profit for H1 2019.
Ghost broker sentenced for 18 counts of fraud
The “prolific” scammer was caught after Hastings identified a number of incepted policies in 2016.
Dye commits to great broker service following branch closures
The Allianz CEO points to 3.7% underlying business growth as he discusses the provider's half-year results and weighs in on the amended discount rate.
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LV deal continues to affect Allianz numbers
Purchasing the remaining stake in LV has impacted the provider’s half-year numbers.
Collapsed Alpha replacement cover deal hits problems
FSCS flagged that “last minute issues” are preventing the deal being finalised as it admits it is unsure what the final outcome will be.
Former Lloyd’s chief actuary joins ERS
A number of management changes will also see Peter Smith return to the firm as claims director.
RSA’s Egan issues cautious welcome to H1 results
The CEO for UK & International is awaiting full year numbers ahead of any celebration as UK COR improves to 94%.
Broker Expo 2019: Q&A with speaker Ashley Rogoff
Rogoff, managing director of Ashley Page, discusses cyber in the lead-up to 7 November.
#Insagepeople 29 July - 2 August 2019
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IPT haul smashes records to hit £6.3bn in 2018/19
Government pulls in highest ever income from the "golden goose" tax which has more than doubled since the year 2013/14.
Van insurance premiums shoot up
The sector continued to display big pricing disparities across age groups and experts warn Ogden will increase market volatility.
Direct Line points to NIG growth in H1 results
In force policies at the broker-focused part of the business grew 2.4% as the group numbers flag a £15.9m Ogden hit.