Insurer
Profile: A new lens – and an eye for opportunity
With a laser-like focus on growth, Zurich retail boss David Nichols is keen to bring a new lens to the insurer’s offering and deliver for brokers.
Applied Systems adds Arch, Ark and Iprism in commercial push
Applied Systems Europe will be adding Arch Insurance, Ark Insurance and Iprism Underwriting to its commercial lines panel, with Epic users able to quote and bind directly with the providers later this year, the software house has confirmed.
Manchester, Liverpool and the buoyant North West are under the spotlight
As we put Covid-19 behind us, Sophie Locke-Cooper discovers brokers in the North West are positive about the prospects of the local market despite worldwide economic challenges such as inflation and UK-wide issues such as recruitment and talent retention.
FCA sets out whistleblower commitments
The Financial Conduct Authority has unveiled a series of actions to boost whistleblowers’ confidence.
Biba seeking new HNW schemes provider due to Home & Legacy closure
The British Insurance Brokers’ Association is searching for a new high-net-worth schemes provider, and will be ‘seeking tenders from alternative providers’ in light of Allianz planning to put Home & Legacy into run-off.
People Moves: 2 – 5 May 2023
Keep up-to-date with personnel moves within the insurance industry.
Ecclesiastical appoints underwriting director from Aviva
Ecclesiastical Insurance has hired Marc Lewis as underwriting director for the UK.
SRG adds to MGA offering with medical professional liability specialist
Specialist Risk Group has bought London and Gibraltar-based The Medical Professional Liability Company.
Howden Group posts M&A cash spend
Documents show how much the broking group spent in cash on UK deals, including Aston Lark and A-Plan.
Das LEI posts £7.3m loss but swings back to underwriting profit
Das Legal Expenses Insurance Company has reported a comprehensive loss of £7.3m for 2022 driven by its investment performance, as the insurer grew and returned to underwriting profit.
Allianz Commercial grows broker-facing team with two appointments
Allianz Commercial has promoted two broker segment managers tasked with growing its broker business in the UK.
QBE makes four appointments in regional restructure
QBE has appointed four heads of trading as part of a regional push in the UK.
Allianz to close Home & Legacy
Allianz is to put mid and high net worth specialist Home & Legacy into run-off, Insurance Age can reveal.
Allianz to help brokers with underinsurance concerns
Brokers are requesting additional insurer support on valuations of businesses including SMEs according to director of digital trading at Allianz UK, Helen Bryant.
Zurich research pinpoints flexible working as antidote to older worker exodus
A lack of flexible job opportunities is the main obstacle preventing over-50s from staying in the workforce longer, according to Zurich.
AIG’s HNW MGA tie-up with Stone Point set to start trading in Q3
AIG has finalised its agreement with private equity firm Stone Point Capital to create managing general agent Private Client Select Insurance Services with an expected start date for trading of the third quarter 2023, the insurer has confirmed.
People Moves: 24 – 27 April 2023
Keep up-to-date with personnel moves within the insurance industry.
UK commercial insurance price rises ease again in Q1 – Marsh
Commercial insurance pricing in the UK rose by 3% in the first quarter of the year, down slightly on the 4% uplift in the final quarter of 2022, according to research by Marsh.
LexisNexis Risk Solutions becomes Biba associate
LexisNexis Risk Solutions has become the 43rd associate of the British Insurance Brokers’ Association.
Flood Re launches training resource to support Build Back Better
Flood Re has produced a targeted training resource for the insurance market, to drive a deeper understanding of the Build Back Better scheme within insurance companies, managing general agents, brokers and throughout the claims supply chain.
Nearly half of SMEs expect 2023 revenue rise – Premium Credit
New research by Premium Credit revealed that nearly five times more SMEs expect their businesses to grow than shrink in the year ahead.
Biba defends broker earnings after FCA overhaul in property commissions
The British Insurance Brokers’ Association backed changes the Financial Conduct Authority wants to improve transparency for leaseholders, while also defending broker earnings.
Aviva quits CBI after second rape allegation
Aviva has quit the Confederation of British Industry after a second rape allegation from a woman working at the business lobby group.
Sicsic warns brokers leaseholder commission disclosure sets a ‘precedent’
Michael Sicsic, managing partner of Sicsic Advisory, urged brokers to review all their remuneration arrangements following the Financial Conduct Authority’s report today revealing incompetence and unjustifiable remuneration in the buildings’ insurance…