LV
Peril in product governance – who you gonna call?
News analysis: Brokers are under the cosh and many need guidance on how to implement the FCA’s wide-reaching rules on product governance.
People Moves: 16 - 20 August 2021
The latest job moves in the world of insurance and broking.
Allianz Holdings reveals drop in GWP in first half of 2021
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%.
Allianz restructure sparks mixed reactions
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.
Allianz commits to continued broker focus after restructure
Provider says split into distinct personal and commercial businesses will not result in any redundancies.
Allianz reveals restructure
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.
What fraud trends should brokers watch out for?
Insurance Age talks to the LV fraud team about the emerging fraud trends brokers need to be aware of.
Colm Holmes "great fit" for Allianz as brokers praise outgoing boss Jon Dye
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.
Jon Dye to step down as Allianz UK CEO
Dye, who exits in November, is to be succeeded by Aviva's Colm Holmes.
ABI launches flexible working charter
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.
LV confirms 300 redundancies following L&G takeover
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.
Allianz nears £4bn in GWP
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 Broker moves to CDL insurer hosted pricing
LV’s broker business has signed a five year deal with the provider.
Paul Evans joins Allianz as chairman
The former UK and group CEO for Axa will oversee Allianz Insurance and LV General Insurance.
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.