Insurer
Broadstone launches insurance, regulatory, and risk advisory division
Independent consultancy Broadstone has launched a standalone insurance, regulatory, and risk advisory division to sit alongside its existing Pensions Advisory and Administration and Employee Benefits Consulting units.
Sompo targets mid-market tech with modular offering
Sompo has launched a modular product for mid-market UK clients aimed at technology and telecoms service providers, plus electronic product manufacturers and assemblers.
Marginal improvement but still only one-third of brokers have net zero plan
Only 35% of brokers have a plan to achieve net zero emissions, and/or are already implementing one, according to research by Aviva.
Aviva confirms Karen Dayal as commercial lines CUO
Aviva has named Karen Dayal as chief underwriting officer for commercial lines, reporting to UK and Ireland GI CEO, Jason Storah.
SRG drives into motorsport with Allianz hire
Specialist Risk Group’s managing general agent, MX, is on the starting grid for the launch of a specialist motorsport underwriting offering, and has added a new leader.
Only one in 10 consumers aware of ‘ghost broking’ threat
Ninety percent of people who have heard of online insurance fraud are unaware of the term ‘ghost broking’, according to the Association of British Insurers.
Ecclesiastical aims to help brokers with Independent Schools Risk Barometer
Ecclesiastical has launched The Independent Schools Risk Barometer 2024 to help brokers talk to clients in the sector about the biggest risks they face.
Uncorking the Great British wine market – the insurance of vineyards
David Harrison, viticulture specialist at NFU Mutual, shares his thoughts on meeting the insurance challenges facing the booming winery and vineyards sector.
Four insurers able to restart selling GAP insurance – FCA
The Financial Conduct Authority has confirmed that four insurers can restart selling guaranteed asset protection insurance after it took action in February and March to halt sales across the market.
Biba 2024: Aviva’s Rebecca Gambrell on evolving the digital future
Aviva is listening to brokers’ feedback on what they want to etrade and responding appropriately, according to SME portfolio director Rebecca Gambrell.
People Moves: 13 – 24 May 2024
Keep up to date on the latest personnel changes in insurance.
Biba 2024: Arag UK leaders promise best in class for brokers as integration rolls forward
Arag and Das have exited the state of limbo and can now power forward with the integration of the two businesses, the bosses have told Insurance Age.
Personal lines the stand out as Aviva UK GI GWP jumps 19% in Q1
Aviva has revealed that its UK personal lines business was up 27% in the first quarter of 2024 contributing to a 19% hike in general insurance premiums to £1.7bn.
Broker scepticism on capacity in commercial motor eases but still high at 76%
A survey by Direct Commercial has found 76% of brokers expressing scepticism about the availability of specialists or insurers offering capacity for the haulage, waste disposal and courier markets, down from 83% six months ago.
Oxbow Partners forecasts motor market COR of 94% in 2024
Oxbow Partners has predicted the UK motor market will return to profit this year with a combined operating ratio of 94% versus a 102% rate in 2023.
Allianz UK makes key changes to senior leadership
Allianz UK has appointed Hanna Kam as chief risk officer and promoted Jason Howes to the newly created role of chief transformation officer.
Biba 2024: Zurich seeks to take SME service learnings into mid-market space
Zurich’s Harriet Conway, head of retail customer proposition, and Morgan Lyons head of mid-market told Insurance Age the insurer is targeting its teams “heavily” in terms of response times to brokers.
Biba 2024: Pen’s Nick Wright on staying disciplined and kissing frogs
Pen Underwriting’s chief development officer Nick Wright tackles consolidation in the managing general agents market, the risk of disintermediation for brokers, and the opportunities from artificial intelligence.
Trish White to leave Hiscox
Strategic accounts director Trish White will be leaving Hiscox in October, Insurance Age can reveal.
Wallace: QBE reaping benefits of focus on ‘holy grail of service’
QBE’s consistency and lack of upheaval in contrast to some of its peers has helped it become a “viable alternative” for regional brokers.
Natasha Pettet to lead schemes at Hiscox
Natasha Pettet will be joining Hiscox as head of schemes on 1 July, Insurance Age can reveal.
Arch goes live on Applied
Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.
Biba 2024: FCA to take its time on transparency proposals
Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any…
Zurich ‘simplifying’ trading with broker team changes
Zurich has consolidated its commercial and retail distribution teams as it aims to make trading with brokers easier.