News
Commercial lines firing for Aviva and broker partners, says Bayles
Insurer’s leaders keen on further schemes growth as they report progress in personal lines.
RSA UK posts £39m underwriting profit
COR also improved to 97.0% despite costs arising from the ‘Beast from the East’ but group results are “below ambitions”.
Robertson Low teams up with Open GI
The Lloyd’s broker, which also operates in Ireland, is looking to increase its presence for retail and wholesale markets.
FCA confirms 1 November start date for affordability tests
Premium finance firms tell brokers they are ready for the changes.
Axa growth driven by commercial
Interim CEO says positive commercial performance was down to broker channel and reveals incoming CEO Claudio Gienal sees the value of UK broker market.
Axa UK & Ireland revenue grows to £2.5bn
COR improves to 97.2%.
GI operating profits fall at Aviva UK
Insurer’s UK COR for the first six months of 2018 slips to 94.3%.
No consolidation spree for Verlingue after ICB deal
Finch and ICB bosses hail “fabulous” opportunity for like-minded businesses.
Pukka’s commercial vehicle product added to SSP
Policy offers comprehensive cover up to £50,000 with flexible excess cover.
Lloyd’s downplays “strategic review” reports
The market is focusing on modernisation through electronic placement but denied a “deeper strategic review” despite £2bn 2017 losses and the exit of CEO Inga Beale.
CII opens this year’s New Generation project to applicants
Deadline for submissions to the 2018/19 Group is 10 August.
Co-op Insurance for sale – reports
The insurer is said to be on the market for £300m.
Lonmar and Ropner merge
Brands to be kept in new combined operation.
NIG's policy numbers fall in first half of 2018
Insurer's GWP also declines to £205.9m as Direct Line for Business continues to grow.
ICB Group joins Verlingue
Addition triples Verlingue’s size in UK market.
Aston Lark buys Michael James
The Maidstone-based business specialises in the care sector and real estate and is the second deal this year for Aston Lark.
No pressure to grow GWP, says Sabre’s Geoff Carter
CEO stresses focus on combined operating ratio.
GRP takes majority stake in Chesterfield-based DCJ
Management team and staff to remain with the broker, which has its sights set on making its own deals.
FCA’s GDPR bill to hit almost £4m
Regulator spent £1.8m getting ready for the data regulation change.
Sabre profits rise at start of 2018
Half year GWP remains stable.
Markerstudy appoints Dan Fiehn as chief operating officer
Fiehn takes newly created role after joining the provider in 2011 as head of IT.
Principal reports large double digit turnover leap for 2017
Broker cites investment costs as profits fall.
Lycetts awarded chartered status
Broker boss Charles Foster hails “powerful endorsement”.
Hiscox predicting cyber and security policies expansion in 2018
SME remains a growth “engine” for the provider.