Four people from Aviva, Beazley, Sompo International and Axa XL have made the listing of 100 executive role models.
The government-backed Flood Re schemes has developed the Build Back Better scheme to help make homes more resilient against flooding.
The ever-increasing rate of inflation in the UK and certainty of more to come has led to warnings of challenges for brokers and insurers alike with issues ranging from difficult conversations on premium rises to underinsurance and the prospect of turning…
LV Broker’s Mike Crane reflects on the impact of consolidation, pricing practices, trust and asks if brokers are well placed to take advantage of the developments
Crane replaces Direct Line Group’s Steve Maddock, who has led the MIB board since 2014.
Allianz’s chief distribution and regions officer explains how the restructure of the business over the summer will impact brokers.
ABI data shows the average fraudulent insurance claim has now reached £12,000 as the the body praises the efforts made by insurers’ fraud investigation teams throughout the pandemic.
Provider says the move is part of an ongoing commitment to creating a diverse and inclusive culture and that the policy offers practical guidance, clarification and education.
News analysis: Brokers are under the cosh and many need guidance on how to implement the FCA’s wide-reaching rules on product governance.
The latest job moves in the world of insurance and broking.
Provider points to continued impact from Covid-19 as well as competitive market conditions and the run-off of certain portfolios as it also reports a COR of 91.7%.
Brokers say senior exits at the provider lead to “some concern but also some opportunity” as the insurer is slammed for focusing on larger corporate consolidator relationships in recent months.
Provider says split into distinct personal and commercial businesses will not result in any redundancies.
The move sees Steve Treloar become CEO, Allianz Personal and Simon McGinn become CEO, Allianz Commercial, as the provider announces a number of senior exits including Sarah Mallaby, Neil Clutterbuck and Chris Little.
Insurance Age talks to the LV fraud team about the emerging fraud trends brokers need to be aware of.
News of the management shake-up left brokers shocked and surprised, but experts say Holmes will be good for Allianz while they remain confident that Aviva boss Amanda Blanc will keep the ship steady despite recent exits.
Dye, who exits in November, is to be succeeded by Aviva's Colm Holmes.
Signatories, which include Aviva, Ageas, Allianz, Covea, Ecclesiastical, LV, and Zurich, commit to opening up the majority of their roles to flexible working, job sharing and part-time working.
CEO Steve Treloar explains the consultation process is now complete after the provider last year put up to 600 roles from across LV and L&G at risk as part of a restructure.
Provider says total impact of Covid-19 BI claims in 2020 was £175m and details it has to date paid 78% of valid SME claims.
LV’s broker business has signed a five year deal with the provider.
The former UK and group CEO for Axa will oversee Allianz Insurance and LV General Insurance.
However commercial business sees GWP decline in H1 2020 numbers as provider predicts £80m Covid-19 BI hit.
LV General Insurance has revealed “worst case scenario” of up to 600 job cuts as it restructures and integrates L&G.