LV
Allianz hits almost £2bn in premium
However commercial business sees GWP decline in H1 2020 numbers as provider predicts £80m Covid-19 BI hit.
Roles from LV and L&G at risk amid redundancy programme
LV General Insurance has revealed “worst case scenario” of up to 600 job cuts as it restructures and integrates L&G.
LV puts 600 roles at risk of redundancy
The cull follows the acquisition of Legal & General as the personal lines insurer seeks to integrate the businesses and streamline its claims function.
Insurance Covid-Cast: Insurtech 100 special – 'Distribution Focus' with Hokodo, Kasko and Wrisk
In the 23rd episode of Post and Insurance Age’s video series we gathered together a trio of start-ups featured in the Insurtech 100, all of which are focused on the distribution of products through the business-to-business-to-consumer channel.
Blog: Short term motor insurance is for life, not just lockdown
There is evidence that people are looking to ride share or borrow a vehicle more to avoid public transport in light of Covid-19. However, Tempcover's Alan Inskip expects there to be deep-rooted changes in attitudes towards vehicle usage post-lockdown…
Allianz UK “well equipped” to manage Covid-19 challenges
The provider published a Q1 trading update, the first to incorporate Allianz, LV and Legal & General, as it says it has made 200-plus Covid-19 claims pay outs.
LV offers premium refunds of between £20 - £50 to motor customers
The proportional refunds for customers in distress follows Admiral's flat £25 payment but broker customers are not included in the £30m LV has set aside for rebates.
Covid-19: Should all motor customers get a rebate?
Updated: Major insurers including Axa, Aviva, Ageas, LV and Zurich respond on automatic rebates as motor disrupters say the Admiral £25 move does not go far enough and questions are raised about the gesture.
Covid-19: Measures to maintain personal injury claims process launched
The ABI and the Association of Consumer Support Organisations have developed a statement of intent recommending remote video examination and rehabilitation.
The working from home diaries: Michael Lawrence
Insurance Age finds out how Michael Lawrence, broker distribution and underwriting director at LV, has adapted to changes in working practices amid the Covid-19 outbreak.
Commercial director Euros Jones leaves LV
Move comes after LV completes the transfer of its commercial lines business to Allianz.
LV's underwriting profit falls by 39% in 2019
But CEO Steve Treloar says premiums in the provider's broker business has grown by 24% after Allianz's personal lines business transferred to LV.
Travel brokers reveal mixed approach to coronavirus cover
InsureandGo says policies will not cover Covid-19, while Staysure continues to sell travel insurance and travel disruption cover.
LV suspends travel insurance due to Covid-19
Provider says existing customers will not be affected by the move.
Allianz committed to "under-performing" commercial property business
UK CEO Jon Dye comments on the insurer's financial results for 2019 and discusses broker support and acquisitions.
Major insurers respond to Staveley Head collapse
Staveley Head, which was mainly backed by unrated provider Gefion, advertised major composites on its website. Most of these confirmed only a handful of policies with the broker.
Mike Crane becomes L&G GI CEO as Allianz completes LV and L&G deals
Provider says the purchases of LV and L&G's GI businesses will see Allianz become the second largest general insurer in the UK.
Christmas Q&A with Michael Lawrence and Simon Mabb
Michael Lawrence, broker distribution and underwriting director at LV, considers the headlines of 2019 and Simon Mabb, group managing director at Romero Insurance Brokers, predicts those of 2020.
2019 in review: July's top stories
In July, the market was shocked by the departure of Amanda Blanc from Zurich after only nine months in the CEO EMEA role.
Results dip for Allianz amid claims inflation and Ogden losses
CEO Jon Dye said the business is "still in good shape" despite the slip in performance.
People Moves: 4-8 November 2019
Keep up to date with the latest market moves.
Most complained about insurer revealed
Data from the Financial Conduct Authority highlighted the most complained about providers and brokers.
Brokers warn dual pricing debate should not focus solely on price
Experts say the FCA should also consider value and quality of service, after the regulator hinted at a potential ban on dual pricing in its interim report.
People Moves Round-up: 23-27 September 2019
Keep track of the past week’s market moves.