Insurer
AIG hires Thomas Lillelund as CEO of its European business
Anthony Baldwin, current European CEO, takes the reins of AIG's new UK entity as the provider prepares for Brexit.
GWP and revenue fall at Ageas UK in H1 2018
Provider also posts profit increase and an improved COR of 99%.
#Insagepeople: 6 - 10 August 2018
Stay up to date with the latest people moves.
LV making “good progress”
Steve Treloar points to personal lines growth and highlights that the insurer has increased its number of broker partners as business moves between LV and Allianz.
LV results hit by weather claims
Profit and COR deteriorates for H1 2018 but GWP increases to £827m amid transfer of business with Allianz.
CII begins investigation into Paul Asplin after fraud conviction
The investigation has been launched despite Asplin resigning his membership last month.
Allianz Insurance takes first step into Lloyd’s
Team moving from LV to focus on fleet.
Commercial business switch from LV to Allianz begins on Monday
Boss Jon Dye silent on future potential acquisition targets.
Podcast: The top five stories of the week
Emmanuel Kenning and Jonathan Swift share their views on the most clicked on articles by brokers.
Operating profit rises at Allianz as COR improves in first half of 2018
GWP flat as business transfers to LV.
Quizzical Questions: 3 August 2018
Test your knowledge of the week's news with our topical quiz.
Commercial lines firing for Aviva and broker partners, says Bayles
Insurer’s leaders keen on further schemes growth as they report progress in personal lines.
RSA UK posts £39m underwriting profit
COR also improved to 97.0% despite costs arising from the ‘Beast from the East’ but group results are “below ambitions”.
FCA confirms 1 November start date for affordability tests
Premium finance firms tell brokers they are ready for the changes.
Axa growth driven by commercial
Interim CEO says positive commercial performance was down to broker channel and reveals incoming CEO Claudio Gienal sees the value of UK broker market.
Axa UK & Ireland revenue grows to £2.5bn
COR improves to 97.2%.
GI operating profits fall at Aviva UK
Insurer’s UK COR for the first six months of 2018 slips to 94.3%.
Pukka’s commercial vehicle product added to SSP
Policy offers comprehensive cover up to £50,000 with flexible excess cover.
The Blog Spot: What might a Fosun move for Ageas mean for the UK?
Jonathan Swift ponders how a potential sale of Ageas could work as the rumour mill shouts ever louder about the insurer being on the market.
Lloyd’s downplays “strategic review” reports
The market is focusing on modernisation through electronic placement but denied a “deeper strategic review” despite £2bn 2017 losses and the exit of CEO Inga Beale.
CII opens this year’s New Generation project to applicants
Deadline for submissions to the 2018/19 Group is 10 August.
Co-op Insurance for sale – reports
The insurer is said to be on the market for £300m.
NIG's policy numbers fall in first half of 2018
Insurer's GWP also declines to £205.9m as Direct Line for Business continues to grow.
CEO Paul Geddes to leave Direct Line
His departure is planned for the summer of 2019.