News
Julie Page to lead UK and EMEA as Aon brings regions together
Aon has confirmed it will “bring together” the UK and Europe, Middle East and Africa regions on 15 November with Julie Page named as leader.
1st UK Broking to expand into Stoke
Fleet specialist 1st UK Broking is to open an office in Stoke-on-Trent in 2024 to add to its Sunderland base as part of its expansion plans.
Ex-Hastings boss Utley on Percayso investment and the state of UK motor market
Neil Utley’s investment in data intelligence provider Percayso Inform was spurred on by an understanding that the insurtech would have made his job a lot easier had it existed when he was chair of Hastings Direct.
Jensten closes One Broker deal and seeks more acquisitions in East Anglia
Jensten has completed the takeover of East Anglia-based One Broker Group, following approval from the Financial Conduct Authority.
FCA urges focus on Consumer Duty annual board report obligations
Nisha Arora, director of cross-cutting policy and strategy at the Financial Conduct Authority, has called on firms not to delay their preparations for the annual Consumer Duty board reports.
First fall in years as UK commercial pricing slips 1% in Q3
Pricing in the UK commercial insurance market fell by 1% in the third quarter of 2023, ending years of market hardening, research by Marsh has revealed.
Former Axa and Groupama leader Laurent Matras joins Tesco Bank as CUO
Laurent Matras has returned to the UK market as chief underwriting officer at Tesco Bank.
Ardonagh builds out in Europe with Swiss deal
Ardonagh has signed up to buy Assepro, describing it as the largest independent commercial broker for SMEs in Switzerland.
HNW market seeking more guidance, says Ecclesiastical
Some 67% of high-net-worth collectors want more art and collections risk guidance from their insurer or insurance broker, which presents an opportunity for brokers, according to research by Ecclesiastical.
Movo Partnership hits £100m GWP ahead of target
Movo Partnership network has hit its £100m gross written premium target months earlier than originally planned.
RSA launches mid-market PI product for contractors
RSA has launched a design and construct professional indemnity product.
Axa UK backs Labour Party pledge to appoint a Minister for Resilience
Axa has welcomed Labour’s commitment to appoint a Minister for Resilience if elected to Government at the next election.
EY: 2022 was worst year on record for UK home insurer profitability
The UK home insurance market faced the worst performing year on record in 2022 with a loss-making net combined ratio of 122%, according to EY’s annual UK Home Results Analysis.
Insurance Day for Dementia returns on 30 November
Individuals and firms across the insurance sector will unite in a collective effort on 30 November, to participate in the Insurance Day for Dementia to raise money for Alzheimer’s Society.
Swiss insurance group gets green light to open UK branch
Helvetia Global Solutions has received confirmation from UK regulators that its authorisation to underwrite non-life insurance business in the UK has been approved and comes into effect on 1 November 2023.
NFP expands in West Midlands with second deal this month
NFP has bought Resolute Insurance Services, an independent insurance broker based in the West Midlands, further growing its presence in the region.
People Moves: 23 - 27 October 2023
Stay in the loop with the latest insurance personnel moves.
What can MGAs learn from the latest turbulence among capacity providers?
The problems at Accredited and Vesttoo highlight the need for managing general agencies to have good risk management in place on their capacity arrangements.
CII on the hunt for new CEO again after Vallance departs
The Chartered Insurance Institute Group has today confirmed it is looking for a third CEO less than two years after incumbent Alan Vallance announced plans to take an equivalent role at the Institute of Chartered Accountants in England and Wales.
Financial uncertainty ranked as the biggest concern for UK businesses, according to Marsh
Companies across the UK are the most concerned about the impact of financial uncertainty (34%) over the next year, knocking people-related risks (31%) off the top spot, according to the 2023 Marsh UK Business Risk Report.
CII New Gen broker team to tackle talent gap through TikTok and Instagram
The Chartered Insurance Institute 2022/23 New Generation Programme Broking group has launched a new social media-based campaign to address the insurance industry’s talent gap, and common misconceptions around insurance careers.
Drone specialist Moonrock becomes MGAA member
Moonrock has, this week, been accepted as the latest member of the Managing General Agents' Association.
Romero explores sale options as consolidators circle
Romero, one of the UK’s largest independent brokers, is exploring sale options, Insurance Age understands.
Aviva ramps up cyber push with micro-SME cover from £50
Aviva today launched its Cyber Respond product, imploring brokers to help educate and reduce ‘apathy’ among the massively underinsured micro business community.