Insurer
Industry urged to tackle dual pricing
Citizens Advice calls for dual pricing discussion to “begin from the assumption that pricing differences are unfair” at Parliamentary meeting of regulators and trade bodies.
Coversure partners with Fraser Edmond’s Broker Insights
Ninety-three offices went live on the data platform, designed to increase broker visibility among insurers, last month.
HSB unveils construction products on Acturis
Provider claims first to go live on the Acturis e-trading platform with stand-alone construction products available to brokers.
Market welcomes Tulloch to Aviva CEO role
Brokers say internal hire is positive for Aviva's future and reflects how the insurer views the general insurance sector.
GRP-owned EPUL adds non-damage BI cover to terrorism product
Move follows Pool Re’s extension of its cover to include non-damage business interruption.
Maurice Tulloch wins race to be Aviva CEO
He replaces Mark Wilson, who went on gardening leave in October last year.
Quizzical questions: 1 March 2018
Test your knowledge of the week's news with our topical quiz.
ERS drives back into full year profit in 2018
COR improved to 96.1%, while GWP fell.
FCA finalises no deal Brexit guidance
Regulator clarifies rules around Gibraltar-based firms.
Egan not happy with RSA UK results and pledges renewed broker focus
New CEO Scott Egan addresses criticism that RSA is tough to trade with and commits to making it easier for regional brokers to work with the insurer as the provider reports an underwriting loss of £106m in 2018.
Arag buys the Das Irish business
The Irish office will be managed by the UK team and the move assists with potential issues arising from Brexit.
FCA publishes Brexit guidance for general insurance firms
The regulator has issued the information for companies to use in the event of hard or soft Brexit and urged brokers to act “without delay”.
RSA reports "disappointing" 2018
The Group lamented "poor results" in its commercial lines division as the company reported further underwriting losses in its UK business.
QBE launches Business Combined product on Open GI
The policy is now accessible for brokers on the Powerplace and Mobius platforms.
#Insagepeople: 25 February - 1 March 2019
Stay up to date with the latest people moves.
Ascent adds physical damage to cyber product
Product is backed by Munich Re and designed for businesses of all sizes.
InsurTech Futures: SSP teams up with Honcho
Software house's customers will have access to platform aiming to disrupt price comparison websites.
Successor announced for CEO Geddes at Direct Line
Penny James, CFO at the insurer is set to take the helm from 9 May this year.
Customer trust in insurance drops
Research is published just a day after a Go Compare study claimed customers are caught in a £1.2bn auto-renewal “loyalty trap”.
ABI slams “unforgivable” no-deal Brexit
Huw Evans described it as an act of economic and social self-harm and outlined potential damage to the insurance sector.
RSA hires Charlotte Jones as CFO
She takes over from Scott Egan, who moved into the UK & international CEO role following Steve Lewis' departure.
Axa staff sentenced for data theft
‘Wolf of Manchester’ case sees an employee and ex-employee of the insurer, along with two others who ran a claims management company, get suspended sentences for their roles in exploiting and selling customer data.
Profit, COR and GWP all improve at Hiscox
COR is 94.4% for the group but UK reports broker “indigestion” as the provider beds in new systems and admits changes had a knock-on effect on service. Plus insurer reveals Brexit costs.
QBE Europe posts GWP rise for 2018
COR also improved, while provider's insurance profit dipped slightly compared to 2017.