Insurer
Judge rules in favour of Wolseley-owner Corbin & King in BI case with Axa
The case could see insurers paying out an increased number of and higher value business interruption claims.
Analysis: How do brokers feel about a four-day week?
Industry experts highlighted the benefits and challenges of a four-day week in the insurance space.
Travelers snaps up Trov’s technology assets
Following the deal, the insurtech's team and its embedded technology will be positioned within Travelers' personal insurance segment.
Axa UK & Ireland P&C revenue rises as COR improves in 2021
The provider’s revenue in the region increased overall in the past 12 months as commercial grew but personal lines shrank.
Polaris imarket policy count ticks up to 490,000 for 2021
The organisation said the use of imarket to place commercial lines business was at an “all time high”.
Ageas investing in digital to win with brokers, says Middle
The provider has teamed up with EIS, Amazon Web Services and Willis Towers Watson on a range of initiatives.
MGA evolution can support broker independence, says Pro Global’s Danny Maleary
MGA leader assesses opportunities for brokers, changes in capital providers backing risks, market consolidation and the sector’s expansion.
Nexus rebrands as Kentro
Nexus Underwriting, an independent specialty managing general agent (MGA) in the London market, and Xenia Broking, a insurance and surety distribution specialist, will operate as distinct, independent brands under the Kentro holding company.
Profits up at Ageas UK but income and COR slip in 2021
Insurer saw growth in home business but motor gross written premium fell to £676.5m.
Industry pulls together to mitigate flood risk
The British Insurance Brokers’ Association, the Association of British Insurers, and Flood Re have launched a Flood Insurance Directory to help customers access flood cover.
ABI pledges to double apprenticeships by 2025
The organisation has committed to offering 2,500 apprenticeships over the next three years and increasing inclusivity across the sector.
Aviva confirms London HQ office search
Provider commits to staying in the heart of the City.
MGA Lares launches unoccupied property product
The product is available to brokers via the Go-Insur digital insurance platform.
QBE International improves COR to 90.6%
The insurer’s international division, which includes the UK, posted a 15% increase in gross written premium for the full year 2021.
M&A activity not 'sustainable', says IMAS founder Laughton-Scott
Prices are forecast to remain "pretty firm" this year.
Allianz focused on growth in 2022, says Holmes
Insurer posted a 9.4% rise in operating profit to £318m for 2021 but recorded a 3.2% fall in gross written premium to £3.8bn.
Axa launches EV fleet product
The insurer cited an increase in electric vehicle sales and the ability to offer a greener fleet option to businesses among the reasons for the move.
Allianz posts improved operating profit for 2021 but GWP slips
The provider reported a 3.2% decrease in GWP to £3.8bn.
Insurer payments for settled BI claims top £1bn
Providers have also made £307.9m in initial payments, according to the latest figures from the Financial Conduct Authority which is set to end its data releases next month.
Ex-Allianz boss Jon Dye joins Hiscox as UK CEO
Dye left Allianz last November and will start at Hiscox in September.
Blog: What is JCT 21.2.1 insurance, and who needs it?
Tokio Marine HCC’s head of liability, Julian Goodall, considers the snappily-named clause developed to iron out liability issues in construction.
Axa buys Ageas commercial business renewal rights for £47.5m
Around 100 Ageas employees will move to Axa as part of the deal.
High Court rules against Marshmallow on Toba breaches and confidential information misuse in Mulsanne case
The judge has not ruled on compensation with this case focused solely on liability.
People moves: 14-18 February 2022
Keep up to date with the latest people moves in the insurance space.