Insurer
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.
Esure reports £15.4m pre-tax loss for "disappointing" 2018
Provider confirms it has not yet found a replacement for former CEO Stuart Vann who left the business in January last year.
Ceta Insurance buys Love Your Hut
The broker has bought the UK’s largest beach hut insurance provider in its first deal since an MBO at the business.
Co-op Insurance reveals trading loss for 2018
Provider says results were impacted by bad weather as it gears up for deal with Markerstudy.
Podcast: The top five stories of the week
Siân Barton and Ida Axling discuss the most popular news pieces from the past five days.
Saga says renewal pricing strategy change “aligned with FCA goal”
The provider announced yesterday that it will offer three year fixed price insurance to customers as it seeks to increase loyalty and arrest profit downturn.