News
Aviva responds to Direct Line’s £10.6m fine
Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it…
PRA fines Direct Line underwriter £10.6m
The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.
Aon leader Kus named new chair of Liiba
Tracy-Lee Kus, CEO of Aon’s global broking centre, has been appointed chair of the London and International Insurance Brokers’ Association succeeding Howden’s Andy Bragoli.
Alps enhances landlord legal expenses and rent protection product
Managing general agent Alps has updated its landlord legal expenses and rent protection product, in a move designed to support landlords as they navigate the implications of the Renters’ Rights Act.
Ex-Howden boss heads team of 14 at new cyber broker
Sodalis Capital, the recently created investment venture focused on international insurance intermediaries, has launched its first broking start-up in Brecon Specialty.
Sabre trims GWP, but boosts profit in 2025
Motor specialist insurer Sabre grew post-tax profits by 5.3% in 2025 and kept its ‘underwriting discipline’ as gross written premium shrank 14.2%.
AUB completes Prestige deal
AUB Group has completed its acquisition of 95.9% of Prestige Insurance Holdings.
Zurich claims top 3 market position with Generali GI arm swoop
Italian insurance giant Generali has reached an agreement to sell its Irish and Northern Irish general insurance operations to Zurich.
Wakam enters motorcycle market with Top 100 broker tie-up
Wakam UK has entered the motorcycle insurance market, partnering with specialist intermediary Principal Insurance to bring what it describes as new underwriting capacity into the sector.
Pen launches into mid-market PI
Pen Underwriting has launched into the UK mid-market professional indemnity space, Insurance Age can reveal.
Soft market a ‘critical opportunity’ for brokers to tackle underinsurance
Brokers are increasingly seeing their role as pivotal in fixing underinsurance, with 87% agreeing they should proactively address it, up from 80% last year, according to Aviva.
Allianz transfers 12 strong team after agreeing MGA deal
Allianz Commercial has entered into a strategic agreement with MGA Reel Media, a wholly owned subsidiary of Paragon Insurance Holdings, to create a new partnership in the global entertainment insurance market.
Axa partners with regional broker focused MGA
Axa UK Commercial has partnered with Unicorn, a managing general agent providing underwriting services to SMEs.
BrokerCentral integrates with Applied for PL access
BrokerCentral has selected Applied Rating Hub to provide access to a panel of insurer and MGA personal lines schemes for full-cycle EDI trading.
PremFina grows broker network by a third
PremFina has reported it grew its broker network by a third last year citing three “major” partnerships in the final quarter alone as it reached £1.1bn in contracted volumes.
MBP strikes first deal of 2026 with RAW investment
Minority Broker Partnerships has acquired a minority stake in RAW Insurance Brokers, a Carlisle-based commercial insurance brokerage specialising in construction, agricultural and SME business insurance.
H&H promotes Kally Shane to lead insurance business
Kally Shane has been promoted to head of H&H Insurance Brokers having progressed through the business in increasingly senior roles after joining as a trainee 16 years ago.
Coalition claws back £16.4m of policyholders’ stolen funds in 2025
Cyber insurer Coalition recovered £16.4m in stolen funds for policyholders around the world last year, with an average recovery of £152,053.
John Lewis Money becomes regulated insurance broker
John Lewis Money has become a regulated insurance broker and will go live with a panel including Axa, Prestige Underwriting and Covéa for home insurance in April with car to follow in the summer.
ERS launches ultra-HNW motor offering
ERS has launched Private Client Ultimate, a proposition developed for high-net worth individuals with complex motor risks to provide specialist cover for single vehicles valued at £350,000 and vehicle collections valued at £500,000.
People Moves: 2 – 6 March 2026
Follow the latest personnel moves in insurance.
Chris Knight succeeds Brewis as FCA insurance director
The Financial Conduct Authority has recruited Chris Knight to take on the director of insurance role within its supervision, policy and competition division starting July 2026.
Storah promises brokers more to come as Aviva reaches sub 94% ‘North Star’ COR
Aviva grew gross written premium and policy numbers in a “challenging” SME market, Jason Storah, CEO for UK and Ireland general insurance at Aviva, confirmed to Insurance Age, as he promised further broker focus after its 2025 results.
MGA Lumara adds Draper to lead Midlands offering
Managing general agent Lumara Insurance has appointed Matt Draper as lead underwriter for the Midlands, responsible for the managing general agent’s broker panel in the region.