News
Sabre reports COR of 74.4%
Results for H1 show GWP drop as motor specialist prioritises profitability over volume, joins Saga panel and flags creation of temporary insurance product in H2.
Profits up at CDL in 2020
The software house recorded a £52.7m turnover for the year, largely in line with its results for 2019.
Allianz restructure sparks mixed reactions
Brokers say senior exits at the provider lead to “some concern but also some opportunity” as the insurer is slammed for focusing on larger corporate consolidator relationships in recent months.
People Moves: 26-30 July 2021
Keep up to date with the latest people moves in the insurance sector.
Gallagher divestment deal aborted after WTW/Aon merger breaks down
Gallagher had been set to buy £3.6bn of WTW assets including Willis Re as part of Aon/WTW divestment plans ahead of their proposed combination.
Aon/WTW merger collapses amid US DOJ lawsuit
Aon is set to pay a $1bn termination fee to WTW as CEO Greg Case says the two businesses "reached an impasse with the US Department of Justice".
Ardonagh creates European unit led by Conor Brennan
The Dublin-headquartered business will operate alongside Ardonagh Global Partners with plans to expand across Europe.
Allianz adds tracker to claims hub
The broker-focused tool maps progress across five areas.
Beazley returns to profit in H1 2021
Provider reports a COR of 94% as GWP rises by 22%.
ABL boss targets further expansion after WTW buy
CEO Maurice Boyd tells Insurance Age how the recent WTW purchase came about and outlines the GRP-owned firm's future ambitions.
People Moves: 19-23 July 2021
Keep up to date with the latest people moves in the insurance sector.
PremFina gears for growth with investment in tens of millions
Investors have given the tech-led premium finance provider a cash injection in a move that sees it set to challenge Close Brothers and Premium Credit for a top three position in the UK.
Covéa boss James Reader exits
He is succeeded by current chief operating officer, Adrian Furness, who has been with the provider since 2008.
Travel specialist Staysure moves into pet market
The broker launched Petsure which is designed to provide cover for cats and dogs regardless of pre-existing medical conditions.
Aston Lark Ireland buys specialist motorcycle broker
Deal for Principal Insurance Ireland is the consolidator's fifth in Ireland this year.
Hiscox boss Bronek Masojada to retire after 21 years in post
Masojada is set to step down at the end of the year and will be succeeded by group CFO Aki Hussain.
Ghost broker sentenced for selling fraudulent Esure policies
The fraudster had previously pleaded guilty in June this year to fraud by false representation, money laundering, forgery and to the offence of being an unauthorised broker.
GRP buys WTW's Northern Ireland business
The portfolio will be integrated into GRP-owned ABL Group, doubling the Belfast-based broker's GWP to £107m.
Firms must respond to FCA pricing reform survey by 9 August
The watchdog, which announced new rules earlier this year, is canvassing brokers about their readiness to implement the remedies.
News analysis: Travel brokers and the challenges of Covid-19
As travel slowly starts to pick up again, Rachel Gordon investigates how specialist travel brokers have coped during the past 16 months of turmoil for this exclusive report.
Qlaims moves into personal lines
The MGA said the claims product could be offered as ancillary cover by personal lines brokers or embedded into a home policy wording.
Beazley report urges insurance industry to drop "one-size-fits-all approach"
The study shows it is time for a service rethink when it comes to the insurance relationship as 44% of respondents do not believe insurers understand their business.
FCA fines totalled £189.8m in 2020/21
The total amount fell by 15% from £224.4m in 2019/20 as the regulator also outlines its response to the pandemic and other actions taken last year in its annual report for 2020/21.
Supreme Court issues BI declarations
The Financial Conduct Authority published the document on its website alongside a table to show relevant declarations by policy type.