Insurer
Insurers going back to basics on schemes - BLW's Brett Sainty
Following claims that schemes commission and volumes have dropped over the past 12 months, BLW Insurance Brokers’ CEO, Brett Sainty, told Insurance Age that insurers have gone back to basics when it comes to delegated authority partnerships.
Covea, Hiscox and RSA commit to Build Back Better
Covea, Hiscox and RSA have all committed to help the UK adapt to the changing climate by joining Flood Re’s Build Back Better scheme.
People Moves: 7-11 November 2022
Keep up to date with the latest insurance personnel moves.
US insurtech Vouch invests in broking start-up Capsule
San Francisco-based Vouch has invested in the UK insurance broker Capsule.
Iprism buys Metier Underwriting
Managing general agent Iprism has struck its first deal buying specialist underwriting agency Metier Underwriting for an undisclosed sum, Insurance Age can reveal.
In Depth: Taxi and private hire insurance faced with slow recovery
Sophie Locke-Cooper investigates the impact Covid-19 has had on taxi and private hire insurance, as the sector gets to grips with social and economic changes post-pandemic
Aviva grows GWP but COR worsens
Aviva has reported a slip in its UK combined operating ratio from 94.2% to 95%.
‘You would be a fool to ignore a business like Amazon’
Brokers confident in the strength of delivering advice as experts share their views on Amazon partnering with Ageas, LV and Co-op to launch a home insurance offering.
Headline makers: November 2022
The key stories from the past month all in one place.
Editor's letter: Is RSA finally ready to cross the road to improvement?
This month Insurance Age gauged broker views on RSA as it appears once again to be at the crossroads
Newbie News: Capsule
CEO Thomas Wynne tells Insurance Age how he went from being managing director at Kingsbridge to starting an insurance partner for high growth start-ups, Capsule
Axa Commercial makes three broker facing appointments
Axa Commercial has made three additions to its senior team with two of the people coming from Allianz and Aviva respectively.
News analysis: RSA's big challenge - turning around broker service
RSA is investing in its broker service as it aims to reverse years of decline. Having published its strategic roadmap for 2025, Saxon East discovers that although there is plenty of goodwill, it faces a battle to convince brokers it can achieve its goals
Aviva calls on UK government to act on being climate-ready
Aviva has released a new report which lays out how the UK government and financial institutions can become more climate-ready and that SMEs need support to take climate action.
FCA ramps up intervention on rogue financial promotions
The Financial Conduct Authority has revealed that it intervened to amend or withdraw 4,151 financial promotions between July and September.
Commercial Express launches residential property owners scheme
Commercial Express has launched a residential property owners product, Let Secure, underwritten by Covéa.
Biba issues series of commitments after FCA flat insurance report
The British Insurance Brokers’ Association has set out a series of commitments to the Financial Conduct Authority and the government to help achieve better outcomes for leaseholders, especially those living in high rise residential buildings that require…
Stark drop on most schemes at renewal and for commission earnings
Data provided by SchemeServe has revealed a considerable drop across the board on most schemes with the biggest falls being in cyber.
People Moves: 31 October - 4 November 2022
Keep up to date with the latest insurance personnel moves.
‘Ridiculous’ – FCA fair value broker paperwork hours revealed
Calculations by the British Insurance Brokers' Association have shown brokers are working thousands of hours to complete fair value assessments.
Servca buys healthcare insurance specialist
Lloyd’s broker Servca has bought Medicas, an independent health insurance specialist, for an undisclosed sum.
Buildings insurance drops out of FOS’ top five complaints table
Complaints to the Financial Ombudsman Service about buildings insurance were down fractionally at 1,621 in the second quarter as it fell out of the top five most complained about products.
Premier League clubs continue battle against insurers in BI court case
Premier League clubs are continuing their battle against insurers Allianz, Aviva, CNA, Liberty Mutual, MS Amlin and Zurich in a dispute over business interruption payments.
Martin Thompson named Brit CEO as Matthew Wilson steps down
Martin Thompson has succeeded Matthew Wilson as group CEO at Brit and executive chairman of digital and algorithmically-driven Lloyd's of London syndicate Ki.