News
Lloyd’s reveals strategy change
The aim is to simplify access to the global insurance market and reduce the costs of doing business at Lloyd’s.
CII updates corporate chartered position for the insurance market
Proposition features five new elements and the priorities will be implemented from July 2019.
Arch UK to expand into cyber
The product will be sold by brokers and is aimed at supporting SMEs following a cyber event.
#Insagepeople: 29 April - 3 May 2019
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Biggest ever Broker Expo launches
Sign up today to secure your place at the event where brokers do business on 7 November.
Stephen Catlin strikes out with fresh insurer
Catlin is working with deputy CEO Paul Brand and the business starts with $1.8bn of capital with the firm looking to underwrite insurance and reinsurance for complex speciality risks for a range of commercial lines in Bermuda and London.
FSCS confirms final levy for 2019/20 at £532m
The amount is £16m more than the organisation forecast it would be back in January and relates partly to “continuing costs in some historic insurance failures”.
Axa threatens 125 claims roles
The possible redundancies come amid a restructure and business “simplification” and follow 106 roles being placed at risk last month.
Cost of motor insurance falls again
Survey by ABI reveals average motor insurance premiums dropped for the fourth quarter in a row.
Biba partners with Opus Underwriting for Intellectual Property scheme
The policy offers specialist legal expenses cover and is backed by A-Rated capacity.
Allianz in talks to buy L&G's GI business - report
Sky News says Allianz is frontrunner in race to buy the business after L&G put it up for sale late last year.
Gefion ordered to publish supplementary corrective accounts
The Danish regulator has told Gefion to restate its 2017 results and half-year report for 2018 but Gefion insists the business is healthy.
Which? survey reveals worst insurers for handling claims
Consumer organisation asked car and home insurance customers to rate their claims experience, with The AA scoring lowest in the car sector and RSA being rated worst in home.
Podcast: The top five news stories of the week
Ida Axling and Aara Syed discuss the most popular stories on Insurance Age this week.
Quizzical questions: 26 April 2019
Test your knowledge of the week's news with our topical quiz.
Brit enhances Cyber Attack Plus product
The provider has increased limits to $150m (£116m) and made the product more flexible.
Tesla's Elon Musk teases car insurance product launch
Car company is reportedly set to unveil a "compelling" insurance policy next month.
Azur adds Arag to HNW household broker product
The Smart Home offering for emerging wealth clients has been designed to help brokers compete with direct writers.
J M Glendinning buys Ridley Macmillan Insurance Brokers
MD Nick Houghton says broker is looking to make more acquisitions.
Research shows 50% of motorists think dual pricing should be illegal
A survey by Go Compare show half of the drivers surveyed felt it should be illegal for insurers to reserve best prices for new customers.
Experts predict further changes at Aviva following Briggs' exit
Brokers were unconcerned about the UK CEO of Insurance leaving the provider and have faith in group CEO Maurice Tulloch but more management "shuffling" is expected.
British Engineering Services launches engineering inspection products on Acturis
Package offers sudden and unforeseen damage cover as an additional option.
#Insagepeople: 23-26 April 2019
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Profits fall at Covéa in 2018
Provider says results were impacted by soft market conditions in personal lines, along with adverse weather, claims inflation and uncertainty around Brexit.