News
Turnover up and profits surge for MCE in 2017
Broker posted £6.7m turnover increase, pre-tax profit growth of £11.2m and noted it is awaiting the outcome of a tax dispute with HMRC.
JLT targets bolt-on acquisitions
Deputy group CEO Drummond Brady hails “very strong set of results” for 2017 as broker posts 35% pre-tax profit rise.
Biba InsurTech survey reveals market split over embracing innovation
Nearly 40% say the sector has not embraced innovation and 44% of brokers also don’t believe software houses have done enough to innovate.
Ataraxia takes stake in Glowsure
The broker now plans to grow through local acquisition.
Admiral reports growth in 2017
However its Confused aggregator sees profits slip following marketing and product development spend.
InsurTech Futures: Axa partners with Brolly on car insurance product
New policy to launch in March via Brolly's smartphone app.
Profits up at Gocompare in 2017
Aggregator reports 4.7% growth in insurance revenue.
Pre-tax profit up 35% at JLT in 2017
Revenues also rise as the broker posts its financial results for the year ended 31 December 2017.
Lockton and Chubb distance themselves from NRA
The businesses, along with US insurer MetLife, have moved away from the National Rifle Association as calls for gun control in the US grow louder following the Florida school shooting on 14 February.
Hiscox Retail boss reveals investment areas
Chief underwriting officer for Hiscox Retail, Joanne Musselle, commits to investing technology and innovation across all channels including broker.
InsurTech Futures: Nimbla selected for Barclays Accelerator programme
InsurTech app aims to “make cover flexible and transparent for the small business community”.
Provisional administrator appointed to CBL Insurance Europe
The insurer was ordered to stop writing new business by the Central Bank of Ireland last week.
Profits rise and COR improves at Direct Line in 2017
Policy count and premiums drop at NIG.
#Insagepeople: 26 February - 2 March 2018
Keep up to date with all the latest people moves.
Pryce commits to growth through regional brokers under QBE’s new UK boss Cecile Fresneau
CEO promises campaign of engagement.
Hiscox COR and profit deteriorates
Profit before tax slashed to £30.4m from £354.5m and group COR swings to 99% compared to 84.2% in 2016.
QBE Europe profitable in “most challenging environment” for five years
Provider’s GWP up 4.1% as COR slips amid $1.2bn group loss.
Only 21% of top insurance jobs are held by women
Research by the ABI shows 78% of firms have a diversity and inclusion strategy, as trade body highlights "good intentions are not enough".
No “for sale” sign up at Clear, says Howard Lickens
Broker CEO investigating funding options as he looks to double the business.
CBL Insurance placed in interim liquidation in New Zealand - reports
New development does not impact CBL Insurance Europe, which was stopped from writing new business earlier this week.
Podcast: The top five stories of the week
Emmanuel Kenning and Ida Axling discuss the key points from the week's news.
Quizzical questions: 23 February 2018
Test your knowledge of the week's news with our topical quiz.
Seventeen expands in Scotland with two deals
Move follows the broker's purchase of Rupert Burgoyne earlier this week.
Swinton puts 268 people at risk of redundancy
Broker to close 40 branches in latest restructure.