News
Hastings profits slip in H1 this year
Results for the first half of 2019 show decreased profit and an £8.4m Ogden hit as company reports growing GWP.
Aviva UK GI profits fall in first half of 2019
Provider says results were impacted by bringing the GI business together with UK Digital, as it moves ahead with its cost reduction plan.
Brolly CEO reveals new product that counters "absurd" dual pricing practices
InsurTech Futures: Broker launches new contents policy which includes loyalty discounts.
Ageas sees H1 2019 profit rise 70% after Ogden boost
UK CEO Andy Watson says insurer is to focus on growth after restructuring and exiting unprofitable schemes, as he discusses why he does not think the government has "covered itself in glory" when setting the new discount rate.
C-Quence launches new directors and officers liability policy
InsurTech Futures: The MGA has also automated management liability policy wordings for some types of firms.
Genasys unveils online broker tool
InsurTech Futures: Software house says product enables brokers to easier embed quote and bind functionality into a third party website.
LV GI's Treloar warns of discount rate-led premium rise
The CEO blamed Ogden for the increase as he pledged commitment to UK brokers and discussed the impact of the L&G deal following LV interim results.
Bennett Christmas actively pursuing acquisitions following Ethos deal
CEO Mark Bennett reveals the broker's acquisition strategy and discusses why the business decided to sell to Ethos.
#Insagepeople: 5 - 9 August 2019
Stay up to date with the latest people moves.
Former AIG claims handler jailed for £390,000 fraud
The convicted admitted to defrauding the company in order to fund his drug habit and has been sentenced to two years in jail.
Open GI reveals B2C platform
The system is aimed at the broker market and has been designed to improve the online experience.
Digital Fineprint to tackle underinsurance in SMEs with new product
InsurTech Futures: Product will alert brokers and insurers to notable business changes that can impact pricing or risk selection.
AmTrust International buys Legal Insurance Management Group
Business will work alongside AmTrust subsidiary Arc Legal.
ERS blames COR deterioration on Ogden
Despite its Ogden woes, the motor insurer was able to post a £3.1m profit for H1 2019.
FCA warns of two Instagram-based brokers
Cheap Insurance Broker and B1 Insurance have been targeting customers in the UK without FCA authorisation.
Bennett Christmas becomes Ethos Broking's ninth regional powerhouse
West Sussex-based firm brings over £17m in GWP to Ethos, which is part of Broker Network owner Bravo Group.
Ghost broker sentenced for 18 counts of fraud
The “prolific” scammer was caught after Hastings identified a number of incepted policies in 2016.
Dye commits to great broker service following branch closures
The Allianz CEO points to 3.7% underlying business growth as he discusses the provider's half-year results and weighs in on the amended discount rate.
Quizzical Questions: 2 August 2019
Test your knowledge of the week's news with our topical quiz.
LV deal continues to affect Allianz numbers
Purchasing the remaining stake in LV has impacted the provider’s half-year numbers.
Compass welcomes former Aviva regional trading head, David Wolfe, to team
The newly-appointed consultant was at Aviva for 40 years and held various roles including head of trading for London and the South East while he was at the firm.
Collapsed Alpha replacement cover deal hits problems
FSCS flagged that “last minute issues” are preventing the deal being finalised as it admits it is unsure what the final outcome will be.
Lloyd's announces new cohort of 11 InsurTechs
InsurTech Futures: The teams will receive mentoring and the opportunity to test their products as part of the Lloyd's Lab programme.
Former Lloyd’s chief actuary joins ERS
A number of management changes will also see Peter Smith return to the firm as claims director.