News
RSA’s Mooney commits to simpler, better service for brokers
The MD for UK commercial lines says it is “critical” for the business to focus on how it trades with brokers.
Backpage - March 2022
The lighter side of the insurance world.
The stats: Commercial premiums – double trouble as rates continue to bite
Along with the cost of living, the cost of insurance looks set to keep rising too, according to the most recent Acturis Commercial Broking Index. Rachel Gordon reports
Brown & Brown reveals £1.48bn price tag for GRP
The deal with US-broker Brown & Brown will see Searchlight, Penta and founders Cullum and Margrett exit as investors.
ESG round-up - March 2022
In our quarterly update, Insurance Age examines what the insurance world is doing to support the environmental, social and governance agenda.
Zego teams up with Aviva on fleet policies
Usage based and flat rate policies will be available to trades and haulage fleets in the UK containing between five and 500 vehicles via direct sales and brokers.
NIG posts policy count and GWP rise for 2021
Owner DLG reported gross written premiums of £3.17bn with profit after tax of £343.7m.
Ecclesiastical Insurance’s parent rebrands as Benefact Group
Ecclesiastical Insurance and all of the group’s other trading brands including brokers SEIB, Lycetts and Lloyd & White will continue to operate under their own names.
IWD: The view from the top
Key female insurance figures consider how far women have come in the sector on International Women’s Day.
Brown & Brown takeover of GRP will open up shareholder opportunities for staff
New owner says GRP has found its forever home and will back further acquisitions.
IWD: More than 30 years to achieve gender parity
Aviva's Amanda Blanc warns that Women in Finance research shows the financial services sector won’t achieve gender equality for decades unless urgent action is taken now.
US giant Brown & Brown to buy GRP
Consolidator confirms no changes to management team, headcount and brands under new owners, the sixth largest broker in the world.
ERS posts COR of 98%
The insurer noted there was a reduction in demand in motor but growth in commercial.
Profile: Sian Fisher: The future for Fisher
Siân Barton meets the outgoing CEO of the Chartered Insurance Institute to reflect on her career, the challenge of modernising the CII, and the future
People moves: 28 February - 4 March 2022
Keep up to date with the latest industry news.
GRP-owned County Group buys PG Insurance
The consolidator ramps up its acquisition plans with fifth deal of the year.
Esure posts loss of £7.1m for 2021
Gross written premium also slipped to £807.6m for the full year 2021.
Lloyd’s open for growth but demanding sustainable performance
Market leader stresses remediation is not a ‘once and done’ exercise as focus increases on catastrophe risks.
Ecclesiastical to expand schemes book with new hire
The Gloucester-based insurer boosted its schemes team with the appointment of Simon McGill.
SSP adds Percayso Inform to platform
The software house said it made the move to broaden its data enrichment capabilities.
UK brings in sanctions blocking Russian access to aviation insurance
AM Best put ratings of suite of Russian insurers and reinsurers on negative watch at the start of the month.
Admiral reports increased profit and turnover
Profit before tax hit £769m, a 26% uptick on the 2020 result as it flags plan to move into small business insurance.
High commission rates factor in Hiscox UK personal lines pull back
The insurer also ended agencies with brokers and revealed it will be looking to double UK business under incoming leader Jon Dye.
Pool Re ups retro cover to £2.5bn
The three-year agreement triggers if losses top £400m in a year.