News
Bristol brokers come to the aid of Allianz staff at risk of redundancy
Allianz UK CEO Jon Dye has said that the business will have completed all staff consultations by early September and remains confident that the final job loss total will fall below the 250 “worst case scenario”.
Allianz CEO Dye hails restructure "opportunities" on back of improved H1 results
The Allianz UK business has recorded an improved profit and combined operating ratio for the first half of 2016, when compared to the same period last year.
Broking break: Your top five of the week
This week's top stories include a Bollington, councils, Aviva's drop in profit and a warning that Enterprise may not be able to pay claims.
Quizzical questions: 05 August 2016
Test your knowledge of the week's news with our topical news quiz.
Voyager launches new online offering for homeowners with unspent convictions
Voyager Insurance Services has launched a facility on its WEBroker online broker platform, giving access to its ‘Fresh Start’ home insurance product to nearly 1,000 brokers.
Gocompare sees 22.3% growth in revenue on back of greater marketing spend
Esure-owned aggregator Gocompare has recorded a 22.3% growth in revenue in the first half of 2016 compared to 2015 at £72.9m(H1 2015: £59.6m).
RSA sees personal lines NWP shrink on back of broker motor withdrawal
Insurer identifies opportunities to rebuild book with Nationwide deal
Applied Systems adds QBE Mini Fleet to panel
Panel already included QBE Tradesman and QBE Property Owners.
Aviva reports fall in UKGI operating profit
Insurer reveals COR deteriorated to 95.9%.
RSA reports rising profits for first half of 2016
COR for the UK business at 94.4%.
Blanc hails “strong result” in “difficult environment”
Axa chief says she is “proud” of the performance and expects to see improvement in “under pressure” personal lines intermediary sector.
InsurTech Futures: Ageas launches ‘Tinder style’ app
The Back Me Up app targets millennials and enables them to insure three items, such as a phone, for £15 per month.
AIG reports large income fall for first half of 2016
But profits for second quarter slightly improved.
Markel International profits triple
The second quarter of 2016 results reflected strong performance from underwriting, investing and Markel Ventures operations.
Novae COR deteriorates to 96.1%
As GWP increases to £513.1m for the first half of 2016.
Tokio Marine HCC adds Office Protect cover
Product is aimed at SMEs.
Axa UK reports 7% revenue rise
However COR deteriorated slightly to 98.2% as Blanc reports pressure in personal lines broker market.
Emerald Life launches travel cover for LGBT community
Product launch follows the news that only 33% of LGBT people who regularly holiday abroad have a travel policy.
InsurTech Futures: Zurich teams up with Cocoon on smart tech home product
Insurer says initiative is part of its investment in innovation and future technologies.
GWP grows for Direct Line
The insurer reports strong growth in motor but says operating profits are down following lower investment income.
Ageas partners with Norris & Fisher on council insurance
Broker to have delegated underwriting authority of the scheme.
FCA considers deadline on PPI complaints
Regulator to consult on feedback from previous consultation.
Profits up to £7.3m at ERS
Syndicate says results reflect continued discipline in underwriting and volume growth.
Brexit: Carole Nash could expand overseas
It would create some additional costs but it is "certainly not material to our overall business model and profits", says CEO David Newman.