Insurer
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.
Sabre releases steady 2019 interim results
Firm head believes brokers have a bright future in motor providing they are aware of their place in the value chain.
Google: Brokers are an important part of the value chain
We talk with David Black, MD financial services at Google UK, about how the tech giant sees insurance evolving, disruption, and the place for brokers in a tech-led world.
Nexus buys specialty MGA Plus Risk Limited
Nexus group CEO Colin Thompson says to expect more acquisitions.
FCA unveils extension of the SM&CR
Changes made to the regime will be implemented on 9 December 2019, the same date that brokers will start to have to comply with the rules by.
Rise in motor insurance prices last quarter
Data gathered by the ABI finds repair costs climb to £1.2bn in Q1 2019, the highest since the ABI started the survey.
Hiscox UK shrinks amid global growth in interim results
Chairman Robert Childs blames the integration of a new IT system.
Red Sands scoops up failed insurer Lamp’s home policies
Now4Cover has moved the customers to Gibraltar-based provider Red Sands.
Building body warns of “disaster” amid construction capacity squeeze
The Association of Consultant Approved Inspectors (ACAI) has called on the government to review its Approved Inspectors Scheme of Insurance.
The Insurance Age Podcast: 26 July 2019
The Insurance Age editorial team dig into this week's top stories.
Quizzical questions: 26 July 2019
Test your knowledge of the week's news with our topical quiz.
FCA extends use of temporary transitional powers until the end of 2020
Move reflects the extension of Article 50 and guidance remains the same despite the timeline change.
Allianz appoints commercial lines pricing lead
Claire Buck has been promoted to the position after joining the provider in 2004.
Personal Finance Society responds to FCA vulnerability study
Insurance Cares: CEO Keith Richards reminds the market that understanding vulnerability is a long learning process.
ABI hopes Boris Johnson will focus on regulation as PM
Director general of the ABI, Huw Evans hopes that Johnson will implement an orderly Brexit and aid the industry by “improving the competitiveness of our tax and regulatory environment.”
InsurTech Futures: Aviva-backed Neos sells 75,000 smart cameras
Home insurance provider will soon be targeting brokers too.
#Insagepeople 22-26 July 2019
Stay up to date with the latest people moves.
Beazley’s COR worsens to 100% in H1 2019
But provider also reveals 189% pre-tax profit jump as new head of broker relations, Lou Ann Layton, states there is “lots of room for growth in the brokerage community”.
XL Catlin v Orbit Underwriting court case settled
Case against wholesale broker, which is in administration, related to the misuse of funds.
FCA pledges tough action for vulnerable customers amid consultation launch
Insurance Cares: Watchdog says it will implement measures to ensure consumers are treated fairly.
Axa XL partly pulls out of leisure
Insurer to stop working with UK-based coverholder LeisureInsure from 1 August in a move which hits the Irish market.
Ecclesiastical launches risk management modules
The guidance modules will educate brokers on issues facing heritage properties.
MOJ defends discount rate decision
The government hits back at criticism from the ABI pointing out a rate of between 0-1% was never guaranteed.
The Insurance Age Podcast: 19 July 2019
The Insurance Age editorial team dig into this week's top stories.