News
Canopius completes exit from Sompo Holdings
The £737m deal for the Lloyd’s insurer was first announced last September.
Bellwood Prestbury accredited as Lloyd’s broker
Firm specialises in high risk sectors.
Aviva’s Holmes refreshed by broker honesty
Former UKGI CEO says 2017 profit rise was driven by growth in property and liability as well as moving away from unprofitable broker motor business.
The most read whitepapers by brokers in February 2018
Check out the top five downloads from Insurance Age’s sister site Insurance Hound.
Aviva posts UK profit rise for 2017 as COR improves to 93.9%
Group CEO Mark Wilson says provider is targeting bolt-on acquisitions in 2018.
Barbican adds incident response exercises and phishing simulation to cyber cover
Lloyd’s insurer teams up with TSC Advantage.
Travelers’ Mark Crane urges brokers to take action ahead of GDPR
Crane said failing to follow the rules exposes brokers to "significant risks", including reputational damages and fines.
Gravity Risk Services targets more organic growth as profits rise in 2017
Stourbridge-headquartered broker also reports rise in turnover to £670,667.
InsurTech Futures: London's future as InsurTech hub threatened by Brexit
Experts urge insurance sector to collaborate with InsurTech start-ups to attract talent to the UK market.
#Insagepeople: 5 - 11 March 2018
Keep up to date with all the latest people moves.
Legal & General insurance COR worsens to 93%
GWP went up but operating profit fell as the insurer blamed the drop on escape of water claims.
Esure profits and premium shoot up in 2017
Surge in motor policies at insurer.
Brokers upbeat for growth after “massive” XL and Axa deal
Market pleased that XL has “gone to a good home” and confident of new opportunities.
Insurer consortium teams up on £20bn capacity trade credit platform
The Channel Syndicate and Canopius will provide capacity alongside Liberty Specialist Markets for the specialist e-trade facility.
Turnover up but profits slip for Be Wiser
CEO Mark Bower-Dyke said marketing and staffing spend had increased to counteract competition and fewer cars on the roads.
BGL targeting 200 apprentices for new academy
Recruits to range from school leavers to degree holders.
CBL collapse pushes Danish insurer Alpha into liquidation
Alpha said that the fall was directly linked to the failure of CBL Insurance.
Axa to buy XL for $15bn
Deal subject to shareholder approval and expected to complete in the second half of 2018.
Manchester Underwriting Management buys Pelican
Charles Manchester targeting of £10m of GWP in the next 12 months.
Podcast: The top 5 stories of the week
Emmanuel Kenning and Siân Barton have a look at the most read stories over the last week.
Profits up at ICB in 2017
Turnover rises at the broker without any acquisitions.
Elite named in CBL Insurance affidavit
The Central Bank of New Zealand has applied for an interim injunction against CBL Insurance.
ERS reports post-Ogden loss for 2017
Provider’s combined operating ratio improves slightly to 104.9%.
Alpha Insurance at risk of failing solvency requirements
Unrated Danish insurer hit with order by Danish FSA.