Insurer
RSA boss Egan "not defensive" about broker criticism
New UK and International CEO reiterates commitment to the broker channel after brokers say provider is difficult to trade with.
Hiscox report shows cyber attacks are on the up
Attacks increase on businesses with SMEs a target but more firms are now willing to consider cyber cover.
Slow take-up of standardised Toba template was expected, says Biba
CEO Steve White hopes for a domino effect as networks, including Una Alliance, consider adopting the template.
FCA data reveals fall in complaints in second half of 2018
Regulator says total amount of complaints about financial services reached 3.91m, with PPI making up 40%.
Brexit and customer fairness dominate FCA 2019/20 plans
The regulator’s Business Plan revealed a focus on “fair treatment for existing customers” amid dual pricing investigation and warned orderly transition post-Brexit is an “immediate priority”.
FCA proposes £537.7m fee budget for 2019/20
The figure is a 2% increase on last year’s with £29m to come from general insurance mediation.
Wonga's Tara Waite (formerly Kneafsey) returns to insurance with Ageas role
Waite was previously at RSA and most recently CEO of Wonga. She is joined on the Ageas boards by Jeremy Hayes.
#Insagepeople: 15-18 April 2019
Stay up to date with the latest people moves.
Arch buys Obelisk Underwriting
The business is to become part of the Arch UK Regional Division and follows its deal to buy Axiom Underwriting earlier this month.
Biba selects Magenta for Escape of Water scheme
The scheme offers Waterlock technology and is supported by an app.
Willis Towers Watson/Confused index shows car insurance premiums fall
It is the first slip after two consecutive quarters of rising premium but experts warn that there will be increases again in future.
ERS sale dead as investor decides to stick with the motor insurer
Private equity owner Aquiline has completed a strategic review of the business.
Podcast: The top five news stories of the week
Which articles were brokers most interested in for the week commencing 8 April 2019?
Construction and engineering facing “capacity blackspots”
Mactavish report claims that insurance companies are reluctant to underwrite the risks in some sectors as market faces “unprecedented” tightening.
Quizzical questions: 12 April 2019
Test your knowledge of the week's news with our topical quiz.
Flaxmans launches ombudsman SOS service for brokers
The service has been designed to help brokers assist clients when claims are refused.
Chubb hires new division president for the UK and Ireland retail business
Sara Mitchell will succeed David Robinson who is taking a sabbatical.
Covéa names Carolyn Callan as Simon Cooter's successor
Callan, currently head of SME & schemes at the provider, will take on the commercial lines & HNW director role on 1 May.
Brokers and FSCS step in for Qudos customers following unrated insurer's collapse
The FSCS named Adrian Flux and Tobell Insurance Services as it detailed the transfer of 165,000 policies from the bust Danish provider.
Citizens Advice slams home insurers in dual pricing report
Charity calls for the FCA to identify concrete solutions to the loyalty penalty as part of its insurance market study, after survey reveals home insurers make 100% of their profits from loyal customers.
InsurTech Futures: CFC launches UK digital health insurance product
Specialist provider has created a health and technology underwriting team to work on the policy.
FCA warns firms to take action on GI distribution failings
Regulator will "not hesitate to intervene" where brokers and insurers are failing to consider value to customers.
Small number of redundancies following Ceta's Love Your Hut buy
Ceta CEO John Bibby has indicated he would be interested in finalising another deal before the end of the year.
#Insagepeople: 8-12 April 2019
Stay up to date with the latest people moves.