News
Coversure (CISG) rebrands to Jensten Group
CEO Bob Darling says people calling CISG 'Coversure' was "confusing" and notes the group's different businesses can now build their own identities.
ABI slams “unforgivable” no-deal Brexit
Huw Evans described it as an act of economic and social self-harm and outlined potential damage to the insurance sector.
RSA hires Charlotte Jones as CFO
She takes over from Scott Egan, who moved into the UK & international CEO role following Steve Lewis' departure.
Axa staff sentenced for data theft
‘Wolf of Manchester’ case sees an employee and ex-employee of the insurer, along with two others who ran a claims management company, get suspended sentences for their roles in exploiting and selling customer data.
Profit, COR and GWP all improve at Hiscox
COR is 94.4% for the group but UK reports broker “indigestion” as the provider beds in new systems and admits changes had a knock-on effect on service. Plus insurer reveals Brexit costs.
QBE Europe posts GWP rise for 2018
COR also improved, while provider's insurance profit dipped slightly compared to 2017.
Complete Cover Group tipped for sale
Several sources have indicated that the business is on the market.
PIB legal dispute settled out of court
Consolidator began court proceedings against former employee for alleged breach of his duties while on gardening leave in November.
Call Connection’s winding-up process to be extended another year
Debts revealed as administrators set to apply for second extension as investigations into the collapsed firm continue.
Germany extends passporting rights for UK insurers
The country has adopted some special provisions in case of a no deal Brexit.
Quizzical Questions: 22 February 2019
Test your knowledge of the week's news with our topical quiz.
Video: Cardiff regional review part two
Insurance Age chats to brokers about the future for Cardiff.
Stable year for Open GI
Ebitda grows to £28.7m from £27.2m as software house notes that there was some disruption in 2018 as it sought to make operational improvements.
#Insagepeople: 18 - 22 February 2019
Stay up to date with the latest people moves.
Axa UK reveals growth in commercial lines
But personal lines revenues dip, while COR for the UK & Ireland business improves slightly.
“Surprise” at FCA clean bill of health for “unbalanced” wholesale market
The regulator said there was room for improvement and did not take action but expert suggests brokers expected the watchdog to intervene in what is seen as an “unbalanced market”.
Qatar Re reveals Markerstudy deal cost
Price published in the company's financial results for 2018.
Ageas' profitability back to pre-Ogden levels
CEO Andy Watson says motor was the "star of the show" in 2018, comments on Brexit preparations and addresses potential redundancies in Stoke and Port Solent offices.
NIG develops Brexit stock cover extension
Updated: It has been added to a number of lines following reports about companies increasing the level of stock-piling to prepare for the UK leaving the EU.
Azur launches emerging wealth home product
The provider said the offering has been designed to help brokers compete with direct writers with quote and bind taking less than two minutes.
FCA outlines “room for improvement” in £60bn wholesale market
However, the study into it did not identify “significant areas of harm” as Biba welcomes the final report.
Ageas UK sees profit jump in 2018
COR improved to 96.8% for the year, but GWP fell across all of its divisions as results are announced amid business restructure.
Video: Cardiff regional review part one
Brokers in the Welsh capital talk to news editor Ida Axling about the local insurance market.
Momentum partners with FMG on motor claims
Service is aimed at clients with a private or commercial motor or motor fleet policy.