Insurer
Aviva UKGI profit falls by 35%
Aviva says UK business was impacted by an alignment of the UK digital business with GI, as CEO Maurice Tulloch says provider has made "good progress" on its cost-cutting plan.
Admiral co-founder and CEO to step down
David Stevens will be replaced by Milena Mondini de Focatiis, currently head of UK and European Insurance.
Biba takes action on FCA coronavirus warning
The trade body has pledged to support members as the regulator insists all firms must have contingency plans in place to deal with major issues such as Covid-19.
Coverly confirms growth plans amid redundancy threat at parent firm BFS
The SME-focused insurtech was launched by former Aviva and Brokerbility expert, Jodi Cartwright, in 2019.
FSCS to pay out on four more insurance firms
The failed firms are JB Wilcock Insurance, Benson McGarvey Murdoch, Elite Insurance Company, and Quick-Sure Insurance.
Mactavish calls for radical reform of the UK insurance industry
Consultancy says the UK insurance sector is on an “unsustainable trajectory” as it warns of a decline in broking and underwriting skills.
Profits fall at Direct Line in 2019
COR deteriorated to 92.2% as provider says results were impacted by Ogden and restructuring costs.
MPs urge insurance sector to focus on financial inclusion
Insurance Cares: Aon and Aviva push to get social landlords to make use of their tenants contents insurance schemes in order to help vulnerable customers, as MPs outline challenges for the industry.
Opinion: James Sharp on the future of networks
Networks or not-works? The UK could take a lead from Australia when it comes to developing networks, writes James Sharp
Government urged to reconsider IPT ahead of Budget
The ABI and CII are calling for a cut to insurance premium tax, whereas Biba is requesting a freeze.
Go Compare owner sees profit slip
GoCo Group’s preliminary results suggested operating profit would drop more than 46% amid transformation plan.
CII launches Chartered title for MGAs
The ‘Chartered Insurance Underwriting Agent’ title is available to both individuals and businesses.
Ardonagh buys Rural Insurance Group
Ardonagh's Geo Underwriting has exchanged contracts to buy the trade and assets of the agriculture specialist.
Profit falls at Hiscox as COR reaches 105.7% in 2019
Provider reports growth in GWP, but admits household broker business in the UK has been impacted by “tough pricing action” following an increase in claims.
ERS says Ogden drove up COR in 2019
Profit and GWP improved at the motor provider.
Pool Re set to become part of the government
Pool Re to operate as it currently does until 31 March 2021, while a range of options are considered.
The Insurance Age Podcast: 28 February 2020
The Insurance Age team chat about the most popular news stories of the week.
Lloyd's Hancock to replace Townsend at AIG
Jon Hancock's departure from Lloyd's was announced in January.
RSA is "getting its mojo back" says UK boss Scott Egan
Egan points to growth in RSA's regional commercial broker book as UK business moves back into profit.
RSA reports “strong results” after “disappointing” 2018
Performance at group and UK & International level improved and COR was 95.0% as the business noted the impact of discipline and portfolio exits.
Hastings posts profit drop after "challenging" 2019
CFO John Worth said results were driven by elevated claims as the business reports rising GWP in every division except van.
Lloyd's outlines priorities for 2020
CEO John Neal says the corporation has raised £300m in debt to fund Future at Lloyd's programme as he admits Lloyd’s is “bound to go down some blind alleys” as it seeks to transform.
Direct Line’s Ipswich office to close amid redundancy plan
The provider confirmed that the Manchester office is also set to be down-sized as the insurer seeks to cut around 800 jobs due to digital drive.
Ageas adds distribution director for regional brokers
Russell White joins from RSA and completes Ageas's broker distribution team restructure following the retirement of Chris Dobson.