Personal
Profits fall at Covéa in 2018
Provider says results were impacted by soft market conditions in personal lines, along with adverse weather, claims inflation and uncertainty around Brexit.
Arch buys Obelisk Underwriting
The business is to become part of the Arch UK Regional Division and follows its deal to buy Axiom Underwriting earlier this month.
Willis Towers Watson/Confused index shows car insurance premiums fall
It is the first slip after two consecutive quarters of rising premium but experts warn that there will be increases again in future.
ERS sale dead as investor decides to stick with the motor insurer
Private equity owner Aquiline has completed a strategic review of the business.
Swinton performing better than expected for Ardonagh
The Ardonagh Group results showed that the personal lines broker contributed £146.3m in pro forma income.
Ceta Insurance buys Love Your Hut
The broker has bought the UK’s largest beach hut insurance provider in its first deal since an MBO at the business.
Insurance Cares: Biba supports FCA’s update on extended travel signposting
Regulator updates guidance in terms of travel insurance for individuals with pre-existing medical conditions.
Saga says renewal pricing strategy change “aligned with FCA goal”
The provider announced yesterday that it will offer three year fixed price insurance to customers as it seeks to increase loyalty and arrest profit downturn.
Saga falls to £134.6m pre-tax loss and pledges to change strategy amid renewal pricing row
Saga reports “disappointing” retail broking results as it claims first with three year fixed pricing for insurance via direct channels, moves away from the focus on price and changes renewal pricing.
First Central Insurance & Technology takes CEO from Hastings
Firm denies immediate plans to list as former Hastings MD Michael Lee joins the business.
Legal & General unveils tech solution for brokers
The provider claimed that SmartQuote uses big data to find home insurance quotes in as little as one question if the broker knows the client.
Zurich temporarily pulls out of direct home
Insurer says home products can still be bought through the broker channel.
Arch Insurance International invests in MGA
Archipelago, a personal lines managing general agent has been set up by former Aon-executives Richard Coleman and Angus Simpson.
Stable performance in “transitional year” for LV
GI CEO Steve Treloar said the business was working with 150 new broker partners and committed to further investment as 2018 results are published.
Insurance Cares: Tool developed for self-assessment
The tool, developed by Altus, enables firms to benchmark the work they are doing for vulnerable customers.
Ageas redundancies confirmed
Following a consultation about the closures of Port Solent and Stoke-on-Trent centres Ageas expects 430 redundancies.
Sector criticised for approach to sharing economy
Report outlines the insurance risks for customers active in hosting AirBnb guests due to gaps in cover.
Aviva to focus on commercial lines growth
Phil Bayles and Rob Townened discuss the provider's UK results, new CEO Maurice Tulloch, and future plans for brokers.
Dual pricing: Working group investigates loyalty penalty
The Competition & Markets Authority has set up a panel to explore how its recommendations are being implemented.
InsurTech Futures: Biba signs first InsurTech partnership with Worry+Peace
The British Insurance Brokers’ Association has joined forces with InsurTech Worry+Peace to help brokers bolster their ability to trade digitally.
Aviva reports UK profit rise for 2018
Combined operating ratio remained flat at 93.8%.
GWP and operating profit fall at Direct Line in 2018
Broker business NIG's GWP was flat, while the number of in-force policies grew.
Industry urged to tackle dual pricing
Citizens Advice calls for dual pricing discussion to “begin from the assumption that pricing differences are unfair” at Parliamentary meeting of regulators and trade bodies.
Profit and GWP up at Hastings in 2018
CFO Richard Hoskins hails "solid results" despite competitive market and says broker will continue to invest in data and digital engagement.