LV
Former LV man leaves to set up Birmingham MGA
Mark Hands, former head of trading (North) at the insurer has set up Mercia Underwriting which is due to begin trading on 1 January with capacity arranged through Lloyd’s by Circle Insurance Services.
Broking Break: Your Top 5
A huge fine for Bluefin was the top story in the past week. Brokers were also interested in a £500,000 ex-Gallagher employee fraud court case, Amazon’s plans to enter the insurance market and management changes at two insurers.
LV announces management reshuffle ahead of Allianz takeover
The broker division will continue to be led by Mike Crane and the insurer said its broker relationships will continue to be business as usual.
Quizzical questions: 15 September 2017
Test your knowledge of the week's news with our topical quiz.
LV sheds 400 staff as it looks to cut costs
The workforce reduction is part of a drive to cut costs by £40m by 2018.
The Blog Spot: Deal or no deal - is the AA/Hastings tie-up really dead?
Hastings was in talks this summer about buying AA’s insurance business, or in their words forming a “partnership”. The talks have since stopped and the deal hasn’t happened.
Treloar hails "excellent" results for LV in H1 2017
MD for general insurance states insurer will be the "go-to destination" for personal lines brokers following deal with Allianz.
LV's GI operating profit more than doubles in first half of 2017
Operating profit hits £49m compared to £22m in the first half of 2016.
Broking break: Your Top Five
Deals, bribery offences, Arnold Schwarzenegger and Kanye West hit the headlines this week and make up the five most popular stories.
Editor's letter - September 2017
Half full or half empty? Reaction to the Allianz takeover of LV has been largely positive
News analysis: Allianz and LV deal sees personal and commercial lines business shake-up
Personal lines moved to LV brand as commercial lines go to Allianz as part of £713m deal
The Blog Spot: The bright outlook for MGAs
MGAs argue they are more nimble and adaptable than traditional insurers, are they the future for the insurance sector?
Quizzical questions: 18 August 2017
Test your knowledge of the week's news with our topical quiz.
Blog: Allianz and LV deal further proof that SME commercial is a tough nut to crack
Jonathan Swift looks back at the past decade and concludes the Allianz /LV deal is the latest evidence that the dominant incumbents have a iron-like grip on the UK SME market.
ProSport adds Highway to panel
LV-owned Highway joins ProSport's offering aimed at providing motor insurance to sportspeople.
Broking Break: Your Top Five
Ageas UK, Allianz and Towergate hit the headlines this week with stories on profit and loss, concerns from brokers and a sale.
The Blog Spot: Taking the opportunity amid big market deals
Siân Barton believes brokers should not fear the LV/Allianz deal and argues it is a chance to mine fresh opportunities.
Brokers concerned about reduced choice following Allianz and LV deal
However, experts also see opportunities rising from the merger.
“Business as usual” for LV and Allianz following deal
No changes for brokers until the £500m deal goes through but bosses believe the “complementary businesses” are strategically matched and LV aims to become personal lines insurer of choice for brokers.
Quizzical questions: 04 August 2017
Test your knowledge of the week's news with our topical quiz.
Profit down but COR improves for Allianz UK
Insurer admits there is “some way to go to fill the financial hole” left by the Ogden rate change.
Allianz and LV announce deal to create £1.7bn personal lines insurer
Allianz is set to pay LV £500m for a 49% stake in the business as a first step but will move to own 69.9% long term paying £713m in total.
LV in talks with Allianz on GI stake sale
Provider confirms advanced talks with Allianz on "significant minority stake" in the business.
LV partners with Adrian Flux on blood bikes scheme
Scheme provides cover for volunteers transporting blood to and from hospitals.