Insurer
Axa CEO admits simplification strategy could lead to more redundancies
Provider recently put 106 roles at risk.
Profile - MGAs: Breakthrough for MGAs
MGAs are on the up again. But have they learned the lessons of the past? Martin Friel investigates
Saga falls to £134.6m pre-tax loss and pledges to change strategy amid renewal pricing row
Saga reports “disappointing” retail broking results as it claims first with three year fixed pricing for insurance via direct channels, moves away from the focus on price and changes renewal pricing.
PIB’s Q Underwriting develops property team
The property team is led by Damian Cannings and has been set up following feedback from brokers.
Ageas adds broker-facing team of regional underwriting managers
Provider says it aims to build stronger relationships with brokers and grow its commercial lines business.
Axiom Underwriting now part of Arch UK regional division
Deal follows Arch's purchase of Ardonagh's commercial MGA businesses last year.
Insurance Cares: Liberty’s McNulty named mental health leader
Pauline McNulty is part of the InsideOut LeaderBoard which is designed to help break down the stigma of mental ill-health in the workplace.
Zurich UK launches broker trading platform
Insurer says it has also examined and improved all of its SME policies.
CRL has deadline to replace Alpha policies extended
FSCS says the broker is "making progress" in finding replacement cover after unrated Danish insurer Alpha collapsed last year.
GRP-owned EPUL reveals unorthodox property risks product
The commercial property MGA said the package of covers includes liabilities involved with irregular construction or unusual occupations.
Nexus snaps up Capital Risks MGA
MGA reveals it has also raised £16m to continue to make more acquisitions.
ERS creates claims team for prestige vehicles
Product will provide brokers with access to prestige experts every step of the way.
Beazley adds cyber and management liability products to broker platform
Policies are aimed at UK companies with a turnover of up to £350m.
Nexus buys Credit & Business Finance
The MGA has also created a broking arm, Xenia Broking Group.
#Insagepeople: 1-5 April 2019
Stay up to date with the latest people moves.
Cyber row continues as ABI responds to Mactavish
ABI director general Huw Evans says Mactavish has “fundamentally misinterpreted” how cyber products are provided, after the insurance governance expert called on the industry for a guarantee that eight particular policy flaws won’t be used as reasons for…
Quizzical questions: 29 March 2019
Test your knowledge of the week's news with our topical quiz.
FCA confirms no deal Brexit rules
Rules have been approved by the Treasury and will come into force on exit day if the UK leaves the EU without a deal.
Broking Break - Your Top 5
The Gallagher vs. Ardonagh trial has borne several highly read stories this week with acquisitions and people moves also catching the interest of Insurance Age readers.
Sabre reveals flat set of results for 2018
Post-tax profit drops slightly as GWP remains flat at £210m.
InsurTech Futures: SPB UK acquires Loyal Insurance and Square Pound
The affinity speciality has bought both the firms which include the Insurance2Go and Better Buy Insurance brands.
Trade body for the claimant sector launched
ACSO says it aims to “de-toxify the so-called compensation culture”, with brokers reportedly being invited to join.
Further losses at Lloyd's in 2018
Market reveals a loss of £1.0bn and a COR of 104.5% for 2018 as Neal admits "performance is not of the standard we would expect" .
Blog: Beware of the FOS
Ian Mason, of Gowling WLG, considers the impact of the compensation limit increase to £350,000.