Insurer
Market moves: Keep on keeping on
The industry has kept busy over the past few weeks, reporting a large number of people moves both within the broker and the insurer market.
The decline of UK ownership
US and European giants may have taken over large swathes of the UK insurance market but, as Tony Cornell points out, the industry in this country is flourishing
Editor's letter - March 2016
“There will be plenty of twists and turns in the run-up to the vote on 23 June”
Hiscox’s Watson sees further room for growth in SME
SME is now the provider’s biggest single line of business.
Allianz writes 23% more policies
SME director David Martin says the provider received 40% more inquiries as well in February.
CLS merges with Conveyancing Risk Solutions
Property specialists Conveyancing Liability Solutions (CLS) to merge with CRS.
Hiscox UK and Ireland GWP up 2%
Provider reveals six-fold increase in demand for cyber and data insurance.
Plum Underwriting buys Synergy
GRP-owned Plum Underwriting has bought HNW specialist MGA Synergy Insurance Services for an undisclosed sum.
Hiscox grows group GWP but profit slips
Group delivers an 85% COR.
#Insagepeople: 29 February - 5 March 2016
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Century Underwriting launches professional risks division
MGA rolls out second new product in three months.
Steve Lewis encouraged by RSA's 2015 results
RSA’s UK CEO says the insurer backs staying in a reformed European Union.
Axa “unique” in its growth
UK CEO Paul Evans points to seven point COR improvement in five years and says he is “annoyed” by others blaming losses on December flooding.
Axa UK COR falls to 97.1%
Results for 2015 in UK and Ireland show GI and healthcare revenues up 7% to £4.1bn.
UK premiums and COR flat at RSA in 2015
Insurer promises “ambitious plans to transform the UK business”.
Applied Systems partners with Premium Credit
Deal adds premium finance products to software provider's Applied TAM system.
RSA reports large rise in profit
CEO Hester hails “year of major achievement”.
Lorega completes MBO
Deal was backed by Alcuin Capital Partners.
Google Compare to close down
Aggregator service is in process of winding down and due to shut on 23 March.
Towergate and Ageas partner on £300m Arista capacity deal
Five year partnership across commercial motor, property and liability products.
QBE Europe CEO notes increasing broker demands on commission
Richard Pryce also cites "toughest market conditions".
QBE Europe posts improved COR of 89.1%
Insurer highlights GWP growth after stripping out currency effects.
Direct Line has most FOS complaints for general insurance
Ageas and Aviva come in second and third for the second half of 2015.