News
Lloyd's Hancock to replace Townsend at AIG
Jon Hancock's departure from Lloyd's was announced in January.
RSA is "getting its mojo back" says UK boss Scott Egan
Egan points to growth in RSA's regional commercial broker book as UK business moves back into profit.
Miles Smith owner SRG planning several more deals this year
Exclusive: Group CEO Warren Downey, who joined from JLT six months ago, outlined the firm's M&A plans.
RSA reports “strong results” after “disappointing” 2018
Performance at group and UK & International level improved and COR was 95.0% as the business noted the impact of discipline and portfolio exits.
Hastings posts profit drop after "challenging" 2019
CFO John Worth said results were driven by elevated claims as the business reports rising GWP in every division except van.
Lloyd's outlines priorities for 2020
CEO John Neal says the corporation has raised £300m in debt to fund Future at Lloyd's programme as he admits Lloyd’s is “bound to go down some blind alleys” as it seeks to transform.
Direct Line’s Ipswich office to close amid redundancy plan
The provider confirmed that the Manchester office is also set to be down-sized as the insurer seeks to cut around 800 jobs due to digital drive.
Ethos Broking announces senior promotions
Vincent Gardner, Alan Sumner, and Peter Foster will also join Ethos Broking’s executive team.
FCA under attack for "comprehensively and scandalously" failing consumers
Regulator rejects claims from Gina Miller's True and Fair Campaign, stating they contain “numerous inaccuracies", as campaigners call on the Chancellor of the Exchequer to review Andrew Bailey's appointment as governor of the Bank of England.
FCA admits "mistake" after it accidentally shared private complainant data
The names, addresses, and telephone numbers of certain FCA complainants were publicly available between November 2019 and February 2020.
Ageas adds distribution director for regional brokers
Russell White joins from RSA and completes Ageas's broker distribution team restructure following the retirement of Chris Dobson.
FSCS declares CBL Insurance Europe has failed
The Ireland-based insurer was placed in administration in 2018 and was ordered to stop paying claims last December.
Jensten Group hits acquisition trail
Exclusive: The organisation, formerly known as Coversure, is set to buy across its retail and wholesale divisions.
Stanhope Cooper owner buys HNW broker
Exclusive: Insurance Tailors, based in Twickenham, has been purchased by the specialist broker’s parent firm for an undisclosed sum.
C-Quence's P&C launch backed by NIG
Exclusive: The MGA will launch its P&C product suite in early March, aiming to eventually target 21 industry sectors.
Allianz committed to "under-performing" commercial property business
UK CEO Jon Dye comments on the insurer's financial results for 2019 and discusses broker support and acquisitions.
Gallagher to offer CPP’s SME cyber cover
Product will be sold exclusively through Acturis, following CPP’s launch on the platform in October 2019.
Allianz UK COR deteriorates to 97.8%
Challenging fourth quarter hits the provider as operating profit falls by 35% but CEO Dye remains upbeat.
Andrew Scott joins Broker Insights as advisor
Scott, who founded Aston Scott Group, has invested in the start-up which was launched by former Aviva broker distribution director Fraser Edmond.
FCA removes Triton Insurance Brokers' right to conduct regulated business
Customers told to check the validity of their policy with their insurer.
People Moves Round-up: 17-21 February
Keep up to date with the latest market moves.
Bicycle broker Laka to expand its product range
CEO and co-founder, Tobias Taupitz, discusses the start-up's expansion plans, its "coup" to have Amanda Blanc join its board, and why he believes Laka's pooled payment calculation model should be used across the industry.
Insurance Age Podcast: 17 – February 2020
The Insurance Age team talk about the top stories for the week.
Home insurance premiums increase
Effect of storms is feeding through into premium costs.