News
Motor broker Verex Insurance Services enters into administration
Car Care Plan has bought the assets of both Verex Insurance Services and its appointed representative Verex Assistance.
Partners& expands into Kent with broker buy
Partners& has bought East Malling-based broker NexGen Insurance Solutions for an undisclosed sum.
Markerstudy 'temporarily' suspends product lines as part of Tradex transfer
Markerstudy has reiterated its “commitment to intermediaries is as strong as ever” amid speculation that it is pulling products from the broker market.
Specialist Risk Group buys Cheshire Insurance Brokers
Specialist Risk Group has made its fifth acquisition of the year, buying Cheshire Insurance Brokers.
Aviva bosses Blanc and Winslow see Lloyd's benefit
Aviva UK General Insurance chief executive Adam Winslow says the insurer’s entrance into Lloyd’s is ‘still up for discussion’, believing the historic marketplace could boost the provider’s distribution play.
MGA launches financial lines and professional lines practice
Arrow Risk Management has announced the launch of a financial and professional lines practice with two appointments.
Brokers offered special deal for access to an insurtech under Biba scheme
Brokers can get access to a technology that helps them understand companies better thanks to a a new British Insurance Brokers’ Association scheme.
Aviva GI CEO Winslow vows broker support amid solid 2023 results
UK general insurance CEO Adam Winslow has underlined the support of brokers following Aviva’s first-half year results.
AR powerhouse Gauntlet exits Willis Towers Watson Networks to join rival
Gauntlet Group, the appointed representative network, has joined a new network to bolster its proposition to members.
Signs of motor market turn as Admiral boss expects easing claims inflation
Admiral chief executive Milena Mondini de Focatiis is predicting a ‘slowing, decreasing trend’ in motor claims inflation.
Aviva UKGI profits boosted 40% amid surging investment returns
Aviva UK and Ireland general insurance operating profits increased 40% to £230m in the first half of 2023 (2022 H1: £163m).
Allianz Commercial strengthens Southern structure with two appointments
Allianz Commercial has announced Simon Hanley as regional manager, South, and Caroline Donati joining as branch manager, Southampton in October.
Northern Ireland broker relocates key branch
AbbeyAutoline is celebrating its 50th anniversary by enhancing its high street presence in Northern Ireland, with the relocation of its Newtownards branch new premises in the town centre.
QIC’s profits surge after cull on loss-making business
Profits at Qatar Insurance Company (QIC) surged 181% to 325QARm (£70m) after it pulled back from challenging markets.
Broker-facing manager charged with murder
An insurance company employee has been charged with murdering a mum-of-two.
Motor insurance prices at record high – ABI
The average premium paid for private comprehensive motor insurance in the second quarter of this year was £511, according to the Association of British Insurers, the highest figure since it started collecting the data in 2012.
People Moves: 7 – 11 August 2023
Stay in the loop with the latest personnel moves in insurance.
Profits drop at Allianz Holdings in first half 2023 as GWP tops £2bn
Operating profit fell 5.5% at Allianz Holdings in the first six months of the year to £112.8m as the combined operating ratio deteriorated to 96.6% from 96.0% in the same period of 2022.
Seventeen snaffles AR Mint
Seventeen Group has bought up Mint Insurance Brokers, which has been an appointed representative of its broking subsidiary James Hallam since 2020, and unveiled two further purchases.
Hiscox grows UK commercial book as retail division COR improves
Hiscox has reported 4% growth in the UK for the first half of 2023.
FCA authorisation service improvements continue
The Financial Conduct Authority has improved its authorisations performance in four out of five categories affecting brokers, with none of these service levels now in the red.
Ex-Ardonagh and Gallagher leader Mark Mugge moves from Lucida to Optio
Mark Mugge has left motor specialist broker Lucida Group to be chief financial officer of managing general agent Optio Group.
Rokstone targeting £100m GWP with new A&H division
Rokstone has launched an accident and health division and recruited Darren Delande to lead it.
RSA slips to half-year loss
RSA Insurance Group has reported a £9m post-tax loss for the first half of 2023, slipping into the red after a profit of £192m in the same period last year.