Insurer
Michael Gove slams "neither fair nor decent" high premiums for leaseholders
Michael Gove, the Secretary of State for Levelling Up, Housing and Communities and Minister for Intergovernmental Relations has pledged to reduce premiums for leaseholders amid the Financial Conduct Authority’s study into the market.
Aviva grows UK GWP by 4% in Q1
Aviva has posted a 4% rise in UK gross written premiums for the first quarter of 2022 to £1.24bn but a deteriorating combined operating ratio of 99.4%.
Aviva halfway to regional underwriter recruitment target
Aviva has added a net 20 new underwriters to its underwriting team in the regions, chief distribution officer Gareth Hemming told Insurance Age.
PIB adds to Spanish portfolio
PIB Group has bought Spanish broker Tractio.
Das LEI reports comprehensive £4.3m loss for 2021
Das Legal Expenses Insurance Company made an underwriting loss of £2.1m for the full year 2021 according to its solvency and financial condition report.
Premier League football clubs open court claim against insurers
A suite of football clubs including Arsenal, Aston Villa, Brighton & Hove Albion, Leicester, Liverpool, Tottenham and West Ham have filed a claim in the commercial court against Allianz, Aviva, CNA, Liberty, MS Amlin and Zurich.
Burnley and Blackburn CII branch to close
The Chartered Insurance Institute of Burnley and Blackburn is to close its doors, Insurance Age can reveal.
FCA warns on Allianz Global Corporate clone
The Financial Conduct Authority has issued an alert that fraudsters are claiming to be Allianz Global Corporate and Speciality SE, the European Economic Area authorised firm.
CII posts £4.4m loss for 2021
The Chartered Insurance Institute has revealed a return to operating surplus but a £4.4m group loss for 2021 as it was hit by pension costs of £6.64m and a tax charge of £1.98m.
County Group make third deal of the year with Marsh and Co
County Group, which is part of GRP, has purchased broker Marsh and Co, and its MGA, Ginger Markets, for an undisclosed sum.
Aviva takes Ryan Birbeck from Axa as Karen Jackman departs
Karen Jackman, regional distribution director, has decided to leave Aviva after a career spanning 31 years and the insurer has also recruited Ryan Birbeck as regional broker director, Insurance Age can reveal.
Home insurance prices fall to record lows, says ABI
The average price paid in the UK for buildings insurance in the first quarter of the year dropped by 7% compared to Q1 2021 with contents insurance down 11%, according to the latest Household Insurance Premium Tracker from the Association of British…
Superscript launches ‘Daylight’ for digital asset businesses
Superscript has staked a claim to be the first Lloyd’s broker to launch a product dedicated to distributed ledger technology, digital asset, and blockchain businesses.
Allianz puts Home & Legacy up for sale
Allianz is exploring options for Home & Legacy which could include a sale with high net worth not being seen as a core strategy for the current owners, Insurance Age can reveal.
People Moves: 9 - 13 May 2022
Keep up-to-date with the latest job changes in insurance.
RSA’s Alex Hardy commits to developing the right products for brokers
The sales and distribution director said that the insurer was focused on creating the products brokers need as it works to improve its broker proposition.
Acrisure lifts the lid on network rollout and broker buying plans
Acrisure is forming a network and its application to the Financial Conduct Authority is “going in now”, president of UK retail Mark McIlquham, has revealed.
BHL-backed Coral Insurance opens for business
Specialist legal expenses provider Coral Insurance, backed by Allianz, began trading this week with the aim of making LEI a “valued, must have” for UK consumers and targeting 15% of the market.
FCA does not want to be a price regulator, says Sheldon Mills
Sheldon Mills, executive director – consumers and competition at the Financial Conduct Authority, has stressed to brokers that the watchdog does not want to be a price regulator.
Amanda Blanc reveals sexism got worse as she took more senior roles
The Aviva CEO responded to a story which showed that Aviva chairman, George Culmer, chided shareholders for inappropriate comments about Blanc and female board members at a recent AGM.
Biba launches underinsurance guide
The British Insurance Brokers’ Association has launched a guide to support brokers in helping their customers avoid the risks associated with being underinsured.
MGAA boss Keating pushing for more as membership growth continues
The Managing General Agents’ Association is approaching 350 members with plenty of scope remaining for further growth, CEO Mike Keating told Insurance Age.
Backpage - May 2022
Meet our pet of the month, learn about the industry's charity endeavours and take a look at the lighter side of insurance
Biba launches drone scheme
The British Insurance Brokers Association has teamed up with Coverdrone to offer its members access to drone insurance products.