News
Allianz warns SMEs of the risk of underinsurance in summer
Allianz has warned of the “genuine risk of underinsurance” as it found 34% of SMEs don’t adapt their insurance levels to accommodate fluctuations in seasonality.
Van insurance premiums down 4.2% in past three months – Consumer Intelligence
Quoted van insurance premiums fell by 4.2% in the three months to the end of May, according to the latest research by Consumer Intelligence.
CDL grows revenue but profits slip below £10m in 2024
CDL has posted a third consecutive year of falling profits after tax, with the figure standing at £9.36m in 2024.
UK motor insurers to break even this year and dip into red in 2026, says EY
EY has revised its forecast for the UK motor insurance market this year suggesting insurers will break even with a net combined ratio of 100%.
Ventis expands into Scotland
Commercial and residential real estate managing general agent Ventis has launched in Scotland, under the leadership of Karen Feeney.
Policy Expert grows pre-tax profit by more than £25m as motor moves into black for first time
Policy Expert increased its profits before tax to £30.1m in the last financial year, up significantly from £4.9m, as underlying Ebitda more than doubled to £55.3m.
Aviva GCS revamps real estate and construction, including mass timber
Aviva’s Global Corporate and Specialty business has launched a new and unified ‘Real Estate and Construction’ client practice, bringing together its construction, latent defects and real estate teams.
Whistleblowing to FCA tops 1100 again in 2024/25
The Financial Conduct Authority received 1,131 whistleblowing reports in 2024/25, in line with the 1,124 the year before.
RAC partners with telematics insurtech on connected motor products
RAC Insurance has partnered with Ticker, a telematics insurance specialist, to licence and distribute a suite of connected motor insurance products aimed at consumers.
Alps adds Financial & Legal to GAP panel
Managing general agent Alps has added Financial & Legal to its panel for Guaranteed Asset Protection insurance.
DLG CEO Winslow and CFO Poole to exit in Aviva takeover management reshuffle
Adam Winslow, CEO of Direct Line Group, will exit when the takeover by Aviva goes through.
Aon claims ‘next step in predictive broking’ with AI-powered launch
Broking giant Aon has launched a proprietary, patent-pending platform that uses artificial intelligence, large-language models and predictive analytics to transform the commercial insurance placement process.
Brokers drawn to MGAs with ‘next-gen’ culture and emerging talent – Corin
Brokers are increasingly drawn to managing general agents with a strong commitment to innovation, community engagement, and talent development, according to research by Corin Underwriting.
Hiscox creates new HNW trading director role
Hiscox UK has appointed Matt Perkin to the new role of trading director for high net worth, art and collections.
FCA warns of Brighton broker clone
The Financial Conduct Authority has warned of a clone claiming to be Brighton-based Premium Wise Insurance Brokers.
Arkel rolls out landlords product on Acturis
Managing general agent Arkel has added its landlords let property insurance ‘Premier Let’ to Acturis meaning it now has products on every software house.
People Moves: 16 – 20 June 2025
Stay in the loop with the latest insurance personnel moves.
Car premium drops continue as prices hit two-year low
Comprehensive car insurance premiums fell by 3% in the last three months, taking the annual decline to 16%, according to research by Confused and WTW.
Folgate ramps up e-trade limit for landlords products
Folgate Underwriting has extended its landlords Acturis and extranet e-trade products to plug the e-trade gap with sums insured up to £20m.
Specialist MGA seals new liability capacity across three business lines
Specialist MGA Avid Insurance has partnered with insurer Starr to access fresh underwriting capacity.
Allianz confirms 650 job cuts in UK
Allianz is to cut 650 jobs in the UK, just over 10% of its workforce, by the end of 2025.
Clear strikes deal for Surrey-based CR Toogood & Co
Clear Group has bought £14.5m gross written premium commercial broker CR Toogood & Co.
Aviva launches Accept Quote functionality in mid-market push
Aviva has launched its Accept Quote functionality with brokers now able to accept regionally traded mid-market new business quotes and hold cover at the touch of a button.
Liberty Specialty Markets creates director of UK retail role in restructure
Liberty Specialty Markets has named Dermot Walsh, currently head of commercial property, as director of UK retail.