Insurer
Holt to succeed Haynes as director of underwriting at Arag
Nathan Holt will take over as director of underwriting at legal expenses insurer Arag when David Haynes becomes CEO at the start of April.
Alps boosts add-ons product suite
Managing general agent Alps has launched commercial excess protection.
Matcham retires as IUA CEO after 20 years with Jones stepping up
Chris Jones has been appointed as International Underwriting Association CEO succeeding Dave Matcham, who is retiring after 20 years in the role.
Lloyd’s CEO hails “outstanding financial performance” in 2024
Lloyd’s has confirmed gross written premium of £55.5bn in its 2024 results, up 6.5% from the year before.
Meet the MGA: Aspect
Following its recent brand refresh Oli Williamson, co-founder and chief underwriter, explains how Aspect is seeking to expand its core mid-corporate market offering into new areas such as terrorism and cyber – with an eye very much on how it can leverage…
Which? calls out ongoing “hefty” premium finance charges
Consumer champions Which? have branded premium finance rates currently being charged by many insurers as “difficult to justify”, especially with car insurance where it found a third of rates are above 25%.
Ageas CEO Middle on elevating onto the podium with broker growth
Ageas has its strongest pipeline of opportunities with brokers ever as it targets growing to be a podium player, CEO Ant Middle told Insurance Age.
Sabre CEO Carter on growing profitably with brokers
With over 70% of Sabre’s business going through brokers, CEO Geoff Carter has hailed the insurer’s performance and promised there is more to come.
Bspoke buys insurtech Arma Karma
Bspoke Group has bought Colchester-based monthly insurance subscription insurtech Arma Karma.
Sabre in first share buy-back as profits soar in 24
Sabre has posted a 5% rise in gross written premiums as profit after tax nearly doubled in 2024.
Zurich targets £250m of GWP after extending relationship with MGA
Zurich UK has extended its capacity agreement with Plum Underwriting for a further five years, with ambitions to reach £250m GWP over the term.
MGAA boss Keating weighs in as broker survey backs dedicated MGA regulation
A recent survey of insurance brokers has shown backing for the establishment of a dedicated regulatory framework for MGAs, with 68% agreeing that the Financial Conduct Authority should regulate MGAs separately from insurers and brokers.
Peach and Alan Boswell partner on complementary therapy scheme
Peach and Alan Boswell Group have struck their second partnership as the Top 100 Broker aims to grow its bespoke scheme for complementary therapists.
Meet the MGA: Elmlake Underwriting
A seasoned professional indemnity underwriter, Darren Galloway, managing director of new MGA Elmlake Underwriting, explains how it plans to fuse both traditional and modern approaches to offer a one-stop shop for brokers and their clients.
Aviva Broker Community Fund shares £235,000 with 28 good causes
Aviva has announced the 28 winners of the 2024 Aviva Broker Community Fund sharing a pot of £235,000.
People Moves: 10 – 14 March 2025
Follow the latest personnel moves in insurance.
Zurich fraud detection rises to £94m
Zurich UK uncovered £94.79m of fraudulent claims in 2024, around £260,000 per day.
In Depth: How can brokers future-proof their placement strategies?
Aligning risks properly with the appetite of insurers and MGAs is key to maximising the effort and time brokers spend with their placement strategies. Edward Murray explores how this can also mitigate issues should an agency be withdrawn.
Experts respond to FCA shelving ‘flagship initiatives’ on enforcement, D&I and non-financial misconduct
The Association of British Insurers has welcomed the Financial Conduct Authority’s decision not to push ahead with enforcement investigation publicity plans, also known as ‘name and shame’.
FCA scraps D&I rules plan and delays non-financial misconduct update
Regulators have ended work on proposed rules and expectations aimed at improving diversity and inclusion in regulated firms.
FCA u-turns on enforcement transparency proposals
The Financial Conduct Authority is not going ahead with changes to announcing enforcement investigations, proposals that were labelled ‘name and shame’ and led to a huge outcry across the financial services market.
Insurers launch dual Lloyd’s/company market stamp capacity for brokers
Lloyd’s insurer MS Amlin and its sister company Mitsui Sumitomo Insurance Company (Europe) (MSIG UK), have announced plans to expand their London Market footprint with the launch of a new dual-stamp underwriting capability.
MGA launches mid-market cyber product
Cyber manging general agent Onda has launched Onda X, a new product that supports mid-market companies in the UK and France.
Direct Line shareholders sign off on Aviva takeover
Shareholders of Direct Line Group have given overwhelming backing to the Aviva takeover by voting in favour of the proposal at its annual general meeting.