News
Ageas UK premiums up 21% in 2024 to €1.85bn
Ageas grew UK premiums by 21% last year to €1.85bn (£1.52bn), driven by expanding the customer base and premium rate in motor, its parent has confirmed.
Biba renews 20-year-old membership agreement
The British Insurance Brokers’ Association has renewed its agreement with Premium Credit to provide a premium finance facility to its members.
Hiscox UK reports best growth since 2018 on back of “reinvigorated” distribution strategy
Hiscox has recorded its strongest growth in its UK retail business since in 2018 as the group reported a record pre-tax profit of $685.4m (£540.6m) in its 2024 full year results on written premiums of $4.77bn.
Aviva scores double-digit UK profit and volume growth in 2024
Aviva has posted 16% UK gross written premium growth in 2024, as its combined operating ratio improved to 94.9%.
Marshberry: US consolidators bypassing UK for Euro deals as targets dry up
Acquisitive US brokers might favour deals in territories outside the UK to enter and grow in Europe as the number of targets here shrinks.
AUB reports Momentum and Movo deal costs
Sydney-headquartered AUB Group has revealed the costs of snapping up 40% of appointed representatives network Momentum Broker Solutions and 80% of fellow AR offering Movo Group last year, and promised more deals to come.
US parametric specialist buys Floodflash
Insurtech Floodflash has agreed terms to be bought by US parametric insurance specialist NormanMax Insurance Holdings.
Ex-Aviva UK CEO named ABI president
The Association of British Insurers has appointed Andy Briggs, CEO of Phoenix Group, as president with immediate effect.
Another double-digit jump for Polaris’s imarket takes premiums to £449m in 2024
Insurance premiums placed through digital trading platform imarket rose 15% to £449m in 2024 as Polaris built on surges in recent years.
Insurer service improves but claims and consistency causes challenges – Gracechurch
Specialist insurance research consultancy Gracechurch has reported a nine-point uplift in the market average net promoter score of insurer service over the past six months.
FSCS opens to claims after Scottish broker stopped from trading by FCA
The Financial Services Compensation Scheme has opened for claims from customers of Arthur Temlett, who traded as Abacus Insurance Consultants and was forced to stop carrying out any regulated activities by the Financial Conduct Authority at the start of…
Ex-England manager Gareth Southgate among Biba conference speakers
The British Insurance Brokers’ Association has confirmed former England men’s football team manager Gareth Southgate as one of its 2025 conference keynote speakers.
CII New Gen group targets building confidence in insurance profession
A report published by the Chartered Insurance Institute New Generation Programme 2023/24 London Market Group has looked into how the insurance profession can help to build public confidence.
Gallagher names ex-Giles boss Lyons specialty CEO as Turner departs
Gallagher has appointed Sarah Lyons, currently CEO of its Australia and Asia business, as CEO of the London-based specialty division, succeeding Jonathan Turner.
Seven kilometre high pile – FCA moves to clarify email deletion plans
The Financial Conduct Authority has acknowledged it hit the headlines last week with criticism of its plans to delete emails held in staff inboxes after a year, and has sought to explain what it is doing and why.
Prestige becomes preferred non-standard household partner for Ardonagh Advisory
Specialist managing general agent Prestige Underwriting has entered a strategic partnership with Ardonagh Advisory.
QBE hails “excellent” International COR of 88.7%
QBE International grew gross written premium by 11% to $9.84bn (£7.78bn) last year as the combined operating ratio improved.
Broker buys firm with Airbnb, Sainsbury’s and John Lewis partnerships
Tedaisy, the pet insurance broker, has acquired dog health and activity app Perro, aiming to combine the latest technology with insurance solutions.
US consolidator completes first overseas deal with UK MGA buy
Bishop Street Underwriters has completed its acquisition of Landmark Underwriting, a specialty-focused managing general agent based in London.
People Moves: 17 – 21 February 2025
Follow the latest personnel moves in insurance.
Hiscox UK adds Walker from Marsh as broker development director
Hiscox UK has appointed Stewart Walker as broker development director, a newly created role at the insurer.
Zurich UK boosts operating profits as GWP rises and COR improves
Zurich UK improved its combined operating ratio in property and casualty business to 91.7% last year from 93.8% in 2023.
MCE administrator updates on progress
The administrators of MCE Insurance have detailed developments on credit hire, property and a court case involving Alpha Insurance in their latest update.
Howden’s UK broker buying takes off in 2025 with two aviation deals
Howden has bought aviation specialist Forbes Insurance and Hill Aviation Insurance Services’ book of business as it sets up a new division.