Axa
The Blog Spot: RIP Jelf, hello Marsh Commercial - what's in a broking brand?
As Marsh rebrands Jelf, Insurance Age content director Jonathan Swift reflects on the passing of another name heavily associated with noughties broker consolidation
Marsh to retire Jelf name amid commercial rebrand
The broker warned that some local offices would be merged following its deals with Clark Thomson, Bluefin and JLT as it rebrands to Marsh Commercial.
People Moves Round-up: 2 – 6 September 2019
Keep track of the past week’s market moves.
Insurance Hound: Most read by brokers from July to August
Which whitepapers grabbed the attention of the broking space over the summer period?
ABI figures show 1,300 insurance scams a day detected in 2018
Detected dishonest claims reached a value of £1.2bn during the year.
Honcho launches ‘reverse auction’ app
InsurTech Futures: The car insurance app aims to reduce costs for young drivers.
Brightside hires new MD of broking as Russell Bence exits
Derek Henry, formerly of Ardonagh Group, will join the broker in September.
Rise in motor insurance prices last quarter
Data gathered by the ABI finds repair costs climb to £1.2bn in Q1 2019, the highest since the ABI started the survey.
#Insagepeople 22-26 July 2019
Stay up to date with the latest people moves.
XL Catlin v Orbit Underwriting court case settled
Case against wholesale broker, which is in administration, related to the misuse of funds.
Axa XL partly pulls out of leisure
Insurer to stop working with UK-based coverholder LeisureInsure from 1 August in a move which hits the Irish market.
Brokers must transform to evade threat of AI - report
Publication suggests that brokers who rely on their paperwork skills or only act as a go-between the client and underwriter will be challenged by AI solutions.
Documents reveal government actuary recommended a 0.25% discount rate
The Lord Chancellor and Justice Secretary, David Gauke, eventually settled on a minus 0.25% Ogden rate.
Insurers disappointed by the new discount rate
Government has changed the rate from -0.75% to -0.25%, which is a smaller rise than what was generally expected.
Market moves: Movers and shakers
There were many big name moves in June, with several arrivals and departures announced at the executive level
In-depth - claims: Part of the service
Providing a claims function is not something every broker does, but those wanting to retain business are offering the service to differentiate themselves and add value, Martin Friel reports
#Insagepeople: 8 - 12 July 2019
Stay up to date with the latest people moves.
News analysis: Insurer staff cuts spark broker concerns
Is the raft of recent redundancies at providers a coincidence or part of a larger trend in the industry?
Amanda Blanc leaves Zurich
Former Axa boss resigns after only nine months as EMEA CEO at Zurich.
Insurance Hound: Most read by brokers from April to June
Which topics have been sparking brokers’ interest?
#Insagepeople: 17 - 21 June 2019
Stay up to date with the latest people moves.
IFB launches counter fraud database
Platform goes live with eleven insurers and will hold industry data on suspected fraudsters and professional enablers.
Laurent Matras confirmed as executive managing director of Axa Retail
Matras had been in the role on an interim basis since Gareth Howell left the provider at the end of February.
Brokers call on HMRC to reform IPT
Broker boss wants IPT to become VAT as the industry responds to HMRC's consultation into how the IPT operates.