News
Biba focuses on access to insurance in 2020 manifesto
Manifesto includes 37 commitments and 29 calls for action across nine key areas including regulation, broker challenges, PI cover, Green Cards and IPT.
Sir Adrian Montague to leave Aviva in 2020
The search for a successor is underway.
CMA urges regulators to put "strong remedies" in place to end loyalty penalty
Government body welcomes the FCA's proposition to ban dual pricing as it publishes update a year on from the Citizens Advice super-complaint.
Aon UK appoints chief broking officer
Helene Madell will look after commercial risk solutions, health solutions, and affinity.
By Miles receives FCA ‘open banking’ licence
InsurTech will be able to access the financial data of consenting customers.
Hyperion reveals £300m spending pot and multiple deal wish list
CEO David Howden says revenue and GWP increases for 2019 were driven by organic growth as the broker reveals it is looking at 20 acquisition targets.
FSCS levy hike reignites call for separate broker pot
Expected broker levy rose to £23m for 2020/21 after spike in PPI complaints.
Add your voice to the Insurance Age mental health campaign
The Insurance Age Head Lines campaign has been developed to help build a better insurance workplace and encourage the c-suite to talk about their personal experiences.
Gallagher names North MD
Consolidator says the move follows a significant expansion of its regional branch network as a result of various acquisitions, including Stackhouse Poland.
Ecclesiastical launches broker cyber guidance
Insurer says cyber attacks are increasing in frequency.
Motor premiums may ‘reach the highest on record’
Willis Towers Watson and Confused warn of future increases as they publish data for Q4 2019.
Markerstudy forced to go "on hiatus" for new quotes in commercial lines
Group commercial director Gary Humphreys says MGA is in talks with two potential providers after it was asked by backer QIC to find alternative capacity for its commercial SME book.
Romero and Qlaims partner on commercial property support
Broker can now offer claims support and loss recovery insurance to commercial property clients.
Claims inflation continues to bite at Hastings
Trading update reveals provider has restated its operating profit from £125m to £110m – a drop of 12%.
Pukka temporarily suspends trading
Motor MGA has reached its capacity limit with providers, according to a report.
The Blog Spot: Kicking things off
Editor, Siân Barton, considers how the insurance space has launched into 2020 and looks back to a thread from 2019 that should be picked up again this year.
Vizion establishes health and fine art divisions
Matthew Howells and Peter Bownes-Johnson join the broker as partners.
FSCS hikes broker levy up by £11m for 2020/21
Organisation says indicative levy for general insurance distribution is £23m and publishes Plan and Budget for the next financial year as total levy goes up by £87m.
Getsafe partners with Hiscox for UK launch
German MGA Getsafe, which offers digital contents insurance, was established two years ago.
People Moves Round-up: 13-17 January
Keep up to date with the latest market moves.
RSA e-trading director exits
Move comes as RSA restructures its UK business after creating a unified commercial division.
Gefion ordered not to expand its scope of business
The Danish regulator says the unrated provider has “serious liquidity problems” as Gefion says it is in progressed discussions with potential capacity providers.
Beazley launches suite of D&O products
Offering is available for non-US domiciled firms and offers limits of $25m (£19m).
Jon Hancock to exit Lloyd's
Hancock is set to step down in 2020 after three years at the insurance market.