Insurer
Addept Insurance boosts capacity for double product launch
Addept Insurance Services has partnered with Ortus Underwriting with underwriting capacity provided by Great American International Insurance (UK).
RSA and NIG to offer single product set in H1 next year
RSA and NIG has completed a “broad reconciliation” from a product and wording perspective and is committed to offering a "single product set in the first half of next year", according to Laura Fox, distribution development director.
People Moves: 30 September – 4 October 2024
Stay in the loop with the latest personnel moves in insurance.
Martyn’s Law to increase demand for public liability cover – DAC Beachcroft
Martyn’s Law will have a significant impact on liability insurance, according to DAC Beachcroft partner Duncan Strachan.
Zurich names Lidster to lead on SME and trading as Edwards exits
Zurich has appointed Nikki Lidster head of SME and trading as Will Edwards leaves to pursue an opportunity outside the insurer.
FCA: Reducing rulebook would lead to boost in international competitiveness
The Financial Conduct Authority believes sharing more information on good practice and its expectations will benefit the industry and help drive better outcomes, according to Graeme Reynolds, director of competition.
Saga confirms talks with Ageas over insurance “partnership”
Saga has today confirmed it is in discussions with Ageas with “regard to a potential partnership arrangement for its insurance business”.
Onda partners with cyber security firm Panorays
Onda has signed a two-year deal with Panorays to integrate its cyber risk assessment tool into the managing general agent’s platform.
RSA launches mid-market D&O product
RSA Insurance has launched Directors’ and Officers’ Protection, aimed at UK domiciled or headquartered companies, large domestic and multinational businesses, private firms with a turnover of over £250m and publicly traded entities.
Ageas adds to distribution team with double senior hire
Ageas UK has strengthened its broker and partner distribution team with a double appointment.
Q&A: Aviva’s Jason Storah
One year into the role, Jason Storah, UK and Ireland general insurance CEO at Aviva, tells Insurance Age about the goals he is happy to be challenged on in another 12 months’ time, what the Probitas deal means for regional brokers and reflects on recent…
Aviva opening ‘at least one’ office location before next Biba conference
After opening two offices earlier this year, Aviva’s David Martin has told Insurance Age that at least one more location will be open before the British Insurance Brokers’ Association conference next year.
NBS seals SME capacity deal with Hadron UK
NBS Underwriting has added Hadron UK Insurance to its insurer panel, effective 1 October.
Peach rebrand to come into effect at Broker Expo
Peach PI will rebrand as Peach at the UK Broker Expo, Insurance Age can reveal, with new messaging and a company logo to reflect its modern appetite.
PwC tips Northern Irish motor premium to drop 15% after Government review
Motor insurance premiums for Scottish and Northern Irish drivers have been tipped to decrease by an average of £60 (10%) in Scotland and £90 (15%) in Northern Ireland following a Government review.
Storah promises ‘more to come’ from Aviva on office openings and expansions for brokers
Aviva believes there is “more to go at” with brokers and is weighing up options, having opened in Chelmsford and Southampton along with expanding in Glasgow this year, UK and Ireland general insurance CEO Jason Storah told Insurance Age.
Aviva signs capacity deal for Howden scheme
Aviva has agreed to a deal with Howden to provide capacity for the broker’s Bespoke Farm and Estate Scheme, Insurance Age can reveal.
Markel targets SMEs to mid-market with tech insurance expansion
Markel is aiming to meet the evolving needs of the UK’s tech sector as it launches an expanded offering.
Motor leads the way as insurers detected 14% more fraudulent claims in 2023
Insurers detected £1.1bn worth of fraudulent claims last year, up 4% on 2022, according to the latest cross-industry figures.
Ecclesiastical grows 11% in half year as UK and Ireland COR tumbles to 84.2%
Ecclesiastical Insurance achieved £18m of underwriting profit on UK and Ireland business in the first half of 2024 as its combined operating ratio improved substantially to 84.2% from 106.6% in the same period of 2023.
High Net Worth – is it really high noon for MGAs in upmarket personal property?
With Munich Re (GrovesJohnWestrup) and Allianz (Home & Legacy) putting mid- and high-net-worth MGAs into run-off in the last 18 months, is this distribution model failing to connect with these customers? Ed Murray explores these developments and others…
Kayzen Specialty rolls out D&O wrap offering
London and regional markets focused managing general agent Kayzen Specialty has launched an add-on for directors’ and officers’ insurance claiming it will provide broader cover protecting individual executives from gaps.
Das grew 8% with stable COR in 2023 en route Arag deal
Das has posted growing gross written premium to £139.3m in the run-up to being bought by Arag.
Beat launches proRISE targeting SMEs via wholesale brokers
Beat Capital Partners is launching proRISE Insurance Services targeting management and professional liability insurance for SMEs with its products distributed through wholesale brokers.