Insurer
People Moves: 17 - 21 April 2023
Keep up to date with the latest personnel moves in the insurance industry.
CII launches five-year plan
The Chartered Insurance Institute published a five-year strategic plan containing six themes.
UK car insurance premiums see biggest annual rise in over a decade
Car insurance premiums increased by £107 (20%) during the past 12 months, with motorists now on average paying £657, according to research from Confused and WTW.
Brokers show lack of urgency towards net zero
According to research from Ecclesiastical, only two in five national brokers have set a net zero target.
Axa Commercial boosts regional footprint with Southampton branch
Axa Commercial has opened in Southampton – its 13th UK branch – in line with its commitment to growing its regional trading footprint.
Stubben Edge sets new goal after hitting first year AR network target
Stubben Edge is eyeing up boosting its appointed representatives network to 40 after hitting its launch goals, network director Gemma Jarrett has revealed to Insurance Age.
Covéa jobs at risk amid £145.5m loss
Covéa has been hit by an ‘unprecedented’ series of events leading to a £145.5m loss in 2022.
People Moves: 10 - 14 April 2023
Stay in the loop with the latest personnel moves in insurance.
Lloyd’s joins Biba as a partner
Lloyd’s has become the 21st partner of the British Insurance Brokers’ Association.
Cowbell enters UK cyber market targeting SME brokers
US cyber specialist Cowbell has entered the UK market with plans to sell its products exclusively through brokers.
Markerstudy chief outlines challenges over salary expectations and broker telematics
Mike Wall, Markerstudy head of non-standard, described the challenges facing its telematics brand Smart Driver Club Insurance in a very competitive market.
People Moves: 3 – 6 April 2023
Stay in the loop with the latest insurance personnel moves.
ABI names Mervyn Skeet director of general insurance policy
The Association of British Insurers has confirmed Mervyn Skeet as director of general insurance policy having held the post on an interim basis since December 2022.
Pen Underwriting CEO eyes more M&A to get closer to £1bn GWP target
Pen Underwriting CEO Tom Downey claims the business is on track to hit its £1bn GWP target within three years - and that it will reach it by both diversifying and building on what it has already got.
Saga reports stable broking results as it pushes on with Acromas sale
Saga is targeting the sale of its underwriting business, Acromas Insurance, in the second half of this year – but arranged a loan in case a deal does not go through.
UK General lost £7.4m ahead of sale
UK General Insurance lost £7.41m in its financial year before being snapped up by RCapital and Montague, Insurance Age can reveal.
Nadia Côté to lead Allianz Commercial in UK
Allianz Group named Nadia Côté as commercial managing director UK, effective 1 May.
Esure posts £29.1m loss as tough market conditions bite
Esure chief executive David McMillan explained the swing from a £7.7m post-tax profit in 2021 to a £29.1m loss in 2022 as being caused by significant claims inflation, increased weather-related home claims and a weak pricing environment.
Double-digit growth and profit rises at Iprism after MBO
Iprism Underwriting Agency grew turnover by 15.3% to £9.44m in the year ended 30 June 2022 with profits rising even more.
Government launches SMCR review and calls for insurance feedback
The government has launched its review of the Senior Managers and Certification Regime, part of a wide-ranging shake-up to make UK financial services more competitive post-Brexit.
People Moves: 27 - 31 March 2023
Keep up to date with the latest personnel moves within the insurance industry.
Zurich UK detects 31% increase in fraudulent property claims
Zurich UK detected a 31% increase in fraudulent property claims and a 7% rise in fake casualty claims in 2022, the insurer calculated.
Analysis: The powerful surge in record-breaking tradesman premiums
Insurance Age unpacks the impact of inflation, changing customer needs and rising demand along with the shifting insurer appetite in tradesman insurance.
Motor premiums accelerate again with 21.1% annual increase
The average cost of car insurance soared by a record 21.1% in the year to February, taking annual bills to £929, according to Consumer Intelligence.