Insurer
Motor payouts hit record £2.5bn in Q2, says ABI
Insurers paid out £2.5bn in motor claims in the second quarter of this year, according to the Association of British Insurers, the highest quarterly figure since it started collecting data in 2013.
Mulsanne blames poor performing schemes and inflation for latest solvency issues
Mulsanne Insurance Company has admitted speaking to its regulator the Gibraltar Financial Services Commission about solvency capital requirement issues for the second time in four years, Insurance Age can reveal.
Zurich grows graduate programme
Zurich UK has increased its number of graduate opportunities for 2023 while creating new “green graduate” roles in the renewable energy space.
Direct Line customers in line for £30m refund as insurer reviews past pricing in regulatory first
Direct Line has agreed to a voluntary review of previous home and motor insurance pricing having charged some customers more for their renewal than they would have done if they were a new customer, the Financial Conduct Authority has confirmed.
Canadian brokers praise ‘fantastic leader’ Storah ahead of move to become Aviva UK CEO
UK and Irish insurance brokers can expect their new local Aviva CEO to be an ‘enabler’ who ’understands the importance of strong broker relationships,’ according to their counterparts in Canada.
People Moves: 29 August – 1 September 2023
Stay in the loop with the latest insurance personnel moves.
Ageas posts 25% growth from ongoing UK business
Personal lines broker-focused Ageas grew its ongoing UK business by 25% in the first half of the year to €651m (£558m).
Brokers urge new Aviva boss Storah to focus on empowerment
Incoming Aviva UK & Ireland GI boss Jason Storah has the chance to build on “solid” foundations and push ahead to deliver more empowered decision-making in the regional market, according to brokers.
Aviva Canada CEO Jason Storah to replace Winslow as UK and Ireland boss
Aviva has appointed Jason Storah as CEO of UK & Ireland General Insurance.
Direct Line takes Adam Winslow from Aviva as group CEO
Direct Line Group has swooped for Aviva’s UK & Ireland GI CEO Adam Winslow as its new chief executive.
Aqueous launches solicitors’ excess layers product
Managing general agent Aqueous Underwriting has secured A+ rated capacity for solicitors on an excess layer basis only, a move it said responded to broker demand in an “underserviced” market.
Biba, ABI and government renew age signposting insurance agreement as enquiries top one million
The British Insurance Brokers’ Association has confirmed the renewal of the signposting agreement with the government and the Association of British Insurers to help older people find car or travel cover.
Qlaims updates commercial lines offering
Qlaims has enhanced its commercial lines claims assistance services, following feedback from brokers.
Pen Underwriting secures £100m capacity deal
Pen Underwriting has signed a capacity agreement that will allow it to write £100m worth of solicitors’ professional indemnity business over three years.
Insurance scams totalling £1.1bn detected in 2022
The value of the average insurance fraud case rose by 20% to £15,000 in 2022, according to the Association of British Insurers.
Zurich UK hires head of mid-market
The provider has promoted Morgan Lyons to head up its mid-market business division.
People Moves: 14 - 25 August 2023
Keep up to date with the latest personnel moves in insurance.
CII unveils two new training courses
The Chartered Insurance Institute has launched two leadership-focused training programmes starting in October.
Convex-backed Skyrisks partners with Quotech for air mobility product launch
Managing general agent Skyrisks has teamed up with technology platform developer Quotech to launch insurance cover for the advanced air mobility sector.
Gareth Hemming to join Hiscox UK
Insurer has named Gareth Hemming as its new chief distribution officer for Hiscox UK.
Aviva bosses Blanc and Winslow see Lloyd's benefit
Aviva UK General Insurance chief executive Adam Winslow says the insurer’s entrance into Lloyd’s is ‘still up for discussion’, believing the historic marketplace could boost the provider’s distribution play.
Aviva GI CEO Winslow vows broker support amid solid 2023 results
UK general insurance CEO Adam Winslow has underlined the support of brokers following Aviva’s first-half year results.
Signs of motor market turn as Admiral boss expects easing claims inflation
Admiral chief executive Milena Mondini de Focatiis is predicting a ‘slowing, decreasing trend’ in motor claims inflation.
Aviva UKGI profits boosted 40% amid surging investment returns
Aviva UK and Ireland general insurance operating profits increased 40% to £230m in the first half of 2023 (2022 H1: £163m).