Personal
IFB reveals new ‘crash for cash’ hotspots across UK
The Insurance Fraud Bureau has detailed the top 10 new areas targeted by ‘crash for cash’ gangs as it warned drivers to be vigilant of the scam.
Somerset Bridge moves to Premium Credit
Broker Somerset Bridge has selected Premium Credit as its new, insurance premium finance provider in a multi-year deal.
Abacai motor brand Boom hits the market
Mark Wilson-led Abacai has rolled out motor insurance brand Boom.
LV adds Sam Dansey to lead home underwriting
LV has appointed Sam Dansey to head up its home underwriting team joining from Flood Re, Insurance Age can reveal.
Greenwood Moreland buys R C McLeish
Greenwood Moreland has bought R C McLeish Insurance Consultants in Lanark in its first deal since joining JMG Group.
UK buys on the horizon as Acrisure closes $725m funding round
US headquartered Acrisure has been valued at $23bn (£18.33bn) in its latest funding round.
Accredited deal sees QIC exit, Policy Expert confirms
Policy Expert’s capacity deal of up to £2bn over six years with Accredited Insurance will replace its existing arrangement with QIC Europe when the current contract expires, the business has confirmed to Insurance Age.
Disappointed FCA warns brokers on consumer harms
The Financial Conduct Authority has written to brokers warning there are significant risks of potential harm that both the market and individual firms need to address and that it will take action where needed.
Policy Expert signs six-year £2bn capacity deal with R&Q Accredited Europe
Home and motor insurtech Policy Expert has agreed a six-year capacity deal with A- rated R&Q subsidiary Accredited Insurance (Europe).
Blog: Commercial insurance fraud risk rises when data is taken at face value
As home and motor insurance providers employ ever more sophisticated tools to help identify application fraud and crack down on claims fraud, the risk is that the smaller end of the commercial insurance market could be next in line for a serious uptick…
Aviva enters exclusive discussions to buy Azur’s HNW operation
Aviva has opened exclusive negotiations with specialist managing general agent Azur Underwriting to buy its high net worth personal lines business in the UK and Ireland.
Income and Ebitda up at Ardonagh Advisory in Q1
Ardonagh Advisory has posted a surge in income for the first three months of 2022 to £95.5m.
Aviva grows UK GWP by 4% in Q1
Aviva has posted a 4% rise in UK gross written premiums for the first quarter of 2022 to £1.24bn but a deteriorating combined operating ratio of 99.4%.
Aviva halfway to regional underwriter recruitment target
Aviva has added a net 20 new underwriters to its underwriting team in the regions, chief distribution officer Gareth Hemming told Insurance Age.
Das LEI reports comprehensive £4.3m loss for 2021
Das Legal Expenses Insurance Company made an underwriting loss of £2.1m for the full year 2021 according to its solvency and financial condition report.
Deals poised to come to fruition, says Markerstudy leader Gary Humphreys
Markerstudy is keen to push on with further buys after securing BGL Insurance and Clegg Gifford at the turn of the year, according to group chief underwriting officer Gary Humphreys.
MGAA boss Keating pushing for more as membership growth continues
The Managing General Agents’ Association is approaching 350 members with plenty of scope remaining for further growth, CEO Mike Keating told Insurance Age.
GRP buys Durham-based Castle Insurance Services
Global Risk Partners has bought 100% of the share capital of Castle Insurance Services as the consolidator targets growing its presence in the North East.
Think targeting £30m GWP within three years
Think Insurance is currently looking at two more broker buys and has set a target of £30m gross written premium by 2025, commercial director Russell Bence told Insurance Age.
Stroll MD says digital broker could be as large as AbbeyAutoline in five years
Prestige Insurance Holdings has rolled out its new digital broker Stroll Insurance offering motor insurance to customers in Northern Ireland.
Markerstudy completes BGL Insurance takeover
Markerstudy Group has completed the purchase of BGL Insurance announcing that regulatory approval for change of control was received in April.
ABI puts February storm payouts at £500m
The Association of British Insurers has updated that insurers are facing a £497m bill from storms Dudley, Eunice and Franklin which battered the UK in February.
Arag posts £1.9m pre-tax profit for 2021
Arag has reported a pre-tax profit of £1.9m for 2021, up on the £500,000 achieved the year before.
Health firm gives brokers access to new "game changer" PMI tech platform
Health Compass has launched its digital platform giving brokers licensed access to the international private medical insurance market.