News
“Business as usual” for LV and Allianz following deal
No changes for brokers until the £500m deal goes through but bosses believe the “complementary businesses” are strategically matched and LV aims to become personal lines insurer of choice for brokers.
Quizzical questions: 04 August 2017
Test your knowledge of the week's news with our topical quiz.
Profit down but COR improves for Allianz UK
Insurer admits there is “some way to go to fill the financial hole” left by the Ogden rate change.
Allianz and LV announce deal to create £1.7bn personal lines insurer
Allianz is set to pay LV £500m for a 49% stake in the business as a first step but will move to own 69.9% long term paying £713m in total.
Holmes praises Aviva’s UK GI organic growth
The UK GI chief says brokers were key to achieving growth in first half of 2017 along with investment into digital.
Blanc hails "strong performance" at Axa UK
Group CEO reports growth in commercial lines and healthcare, while personal lines remains "more difficult".
InsurTech Futures: iGO4 partners with CDL to launch lifestyle portfolio
The proposition will be brought to market later this year.
Axa UK posts 5% revenue growth
COR improves to 97.7%.
LV in talks with Allianz on GI stake sale
Provider confirms advanced talks with Allianz on "significant minority stake" in the business.
GWP grows to £393.3m at Esure
Profit before tax also increases 44.6% for the first half of 2017.
Aviva GI profits grow and COR improves
Aviva UK & Ireland also reports 17% growth in operating profit to £259m as net written premiums go up and digital investment pays off.
LV partners with Adrian Flux on blood bikes scheme
Scheme provides cover for volunteers transporting blood to and from hospitals.
The Blog Spot: A question of trust
Personal lines brokers are expected to build trusted relationships at a time when margins, especially in personal lines are squeezed and time is tight. But are these relationships becoming too transactional?
Kanye West sues Lloyd’s over cancelled gigs
The rapper is suing a number of Lloyd’s syndicates for $10m.
RSA UK underwriting profit takes Ogden hit
CEO Steve Lewis says results were also impacted by large claims and a claims inflation in household.
The AA sacks executive chairman for “gross misconduct”
The broker stated in a Stock Exchange announcement that Bob Mackenzie had been removed with immediate effect.
Meet the Expo Leeds Panellists: Richard Pitt
The chief network officer at Broker Network shares his thoughts on local insurers ahead of the live debate.
RSA reveals rising profits for H1 2017
COR improved to 93.2% for the six months ended 30 June 2017.
Towergate reveals London specialty unit, Geo Specialty
The first product covers political violence and its development is the first step in building a "strong" London underwriting business.
CII reveals rebrand
The refreshed branding reflects a new strategy.
Direct Line Group posts growing profit
Insurer reveals rising profits and GWP, despite £49m discount rate hit.
Profits up at Go Compare
The aggregator saw adjusted operating profit grow to £17.5m for the six months ended 30 June 2017 following Esure demerger.
#Insagepeople: 31 July - 6 August 2017
Keep up to date with the latest people moves.
Ogden decision to be published on Thursday
The government's response follows the consultation on how the discount rate should be set in the future.