Insurer
Midas takes on Direct Group’s commercial business
Midas, part of Ardonagh Group, will take over Direct’s specialist business as it looks to grow GWP to £100m.
MP tables motion in Parliament urging government to freeze IPT
Early Day Motion calls on government to make the commitment in upcoming Budget.
Why you should sign the Women in Finance Charter
Insurance careers coach Katherine Bryant explains why the Charter is important for insurers and brokers.
Markerstudy confirms 27 redundancies
Insurer says a total of 31 people have left the company as a result of a restructure in its Chesterfield office.
In Focus: Time and technology
Markerstudy’s Gary Humphreys considers how to ‘stay down with the kids’, get ahead and save time in an increasingly digitised world.
Amazon states “disruption” plans in job advert
The tech giant is seeking a product manager for EU product insurance and outlines its intention to “disrupt” the way traditional product services are acquired and delivered.
In Focus: Opportunity in apps
Sam Barrett explores how brokers can make the best use of app technology and looks into how to secure customer engagement.
EY warns of loss making home insurance market in 2018
Consultants flag falling rates and rising costs and predict 101.7% market NCR.
Allianz third quarter results hit by large losses
Insurer posts COR of 98.2% for first nine months of 2017.
Paul Evans to leave Axa
Former UK CEO is leaving the insurer following global “simplification” of its operating model.
Sabre announces Stock Exchange float
The insurer expects to raise around £213m from the London Stock Exchange float.
Whitepaper: From street food to seaside tourism
New report on the changing face of the hospitality sector.
Amazon silent on insurance disruption rumours
A data company has stated that the tech firm is assembling an insurance team to disrupt the sector and is advertising for jobs.
#Insagepeople: 6 - 12 November 2017
Keep up to date with all the latest people moves.
FCA to launch enquiry into wholesale insurance brokers
Regulator aims to ensure the wholesale market "fosters innovation and competition".
FCA warns lack of AR monitoring puts customers at risk
Regulator issues alert to principals after finding that some fail to undertake sufficient due diligence on ARs.
Up to 50 people at risk of redundancy at Markerstudy
Insurer says restructure in Chesterfield call centre is due to falling claims frequencies.
Preservation Capital Partners invests in Ascent Underwriting
Private equity firm to provide capital for growth plans including acquisitions.
Axa launches Broker Future training programme
The scheme will see trainees attend seminars in Paris along with the winner of Broker Apprentice.
Brexit could see 75,000 financial services jobs lost
Reports suggest that the Bank of England believes that many London roles could go overseas if there is no Brexit trade agreement in place.
#Insagepeople: 30 October - 05 November 2017
Keep up to date with all the latest people moves.
ABI hits out at FSCS fee proposals
Biba says brokers should not be worse off and calls again for a separate funding class.
IPT raises £4.8bn a year
ABI calls on government to cease this tax “raid on the responsible” and say no to further rises as report highlights lack of consumer awareness about the tax.
Modest increase in home insurance premiums
The AA Insurance Premium Index for Q3 2017 shows a small rise but includes warning that costs could increase if bad weather and IPT bite.