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Ripe tops £20m turnover in 2024
Manchester-based digital managing general agent Ripe grew turnover by 15.7% in 2024 to £20.6m.
Atec adds four to panel for InsureMy motorhome
Atec Group has refreshed its InsureMy range of motorhome products with Axa, Sabre, Allianz and KGM joining its panel.
Shuker moves to deputy chair, succeeded by Kennedy as CEO of Howden UK and Ireland
Robert Kennedy has been named CEO of Howden UK and Ireland to take up the role on 1 October, when Carl Shuker will become deputy chairman.
Van insurance premiums down 4.2% in past three months – Consumer Intelligence
Quoted van insurance premiums fell by 4.2% in the three months to the end of May, according to the latest research by Consumer Intelligence.
CDL grows revenue but profits slip below £10m in 2024
CDL has posted a third consecutive year of falling profits after tax, with the figure standing at £9.36m in 2024.
UK motor insurers to break even this year and dip into red in 2026, says EY
EY has revised its forecast for the UK motor insurance market this year suggesting insurers will break even with a net combined ratio of 100%.
RAC partners with telematics insurtech on connected motor products
RAC Insurance has partnered with Ticker, a telematics insurance specialist, to licence and distribute a suite of connected motor insurance products aimed at consumers.
DLG CEO Winslow and CFO Poole to exit in Aviva takeover management reshuffle
Adam Winslow, CEO of Direct Line Group, will exit when the takeover by Aviva goes through.
Hiscox creates new HNW trading director role
Hiscox UK has appointed Matt Perkin to the new role of trading director for high net worth, art and collections.
Allianz confirms broker commitment amid job losses
Allianz has promised no disruption to the way it serves brokers and reiterated its long-term commitment to the sector as it goes through the process of cutting 650 jobs in the UK.
Car premium drops continue as prices hit two-year low
Comprehensive car insurance premiums fell by 3% in the last three months, taking the annual decline to 16%, according to research by Confused and WTW.
Allianz confirms 650 job cuts in UK
Allianz is to cut 650 jobs in the UK, just over 10% of its workforce, by the end of 2025.
Atec buys Moorhouse from Lucida
Atec Group, owner of digital niche personal lines broker Ceta and managing general agent Arkel, has added to its stable and moved into the SME market buying Moorhouse from Lucida.
Aviva/DLG set for July as regulators rubber stamp takeover
The Financial Conduct Authority and the Prudential Regulation Authority have given the greenlight to Aviva buying Direct Line Group clearing a pathway for the deal to complete next month.
ABI hails ‘welcome relief’ of government’s flood defence spending commitment
The Association of British Insurers has welcomed the government committing to spend £7.9bn on flood defences over the next decade.
ERS promotes Annie Ward to head up bespoke personal lines and agriculture
ERS has promoted Annie Ward to head of bespoke personal lines and agriculture from being product manager for bespoke personal lines.
Flood defence commitment welcomed amid calls for more sustained funding
Insurance industry leaders have welcomed the government’s commitment to flood defence investment in the Spending Review; but cautioned more needs to be done to protect UK homes and the economy.
Father and son sentenced for ghost broking scam
A father and son have been sentenced for their roles in a ghost broking scheme, following an investigation led by the City of London Police’s Insurance Fraud Enforcement Department.
Ghost broker sentenced
A ghost broker has been sentenced to 12 months’ imprisonment, suspended for 12 months with a requirement to complete 150 hours of unpaid work, after selling two fraudulent motor insurance policies to unsuspecting members of the public.
Interview: Emma Rawlinson, CEO of Markerstudy Distribution
After four job titles in just 12 months, Markerstudy Distribution CEO Emma Rawlinson tells Insurance Age about what comes next on brands, growth, acquisitions and more for the multi-billion-pound business as the Atlanta integration proceeds at pace.
Markerstudy Distribution eyeing up consumer lending opportunities
Markerstudy Distribution is investigating the possibility of moving into consumer lending, CEO Emma Rawlinson told Insurance Age.
Home insurance pricing falls speed up
Home insurance premiums saw their most substantial monthly decline of the past year in May, falling by 1.9%, according to Pearson Ham.
ERS appoints new MD
Specialist motor insurer ERS has promoted Martin Hall to the new role of managing director, taking responsibility for the performance of Lloyd’s Syndicate 218.
Consumer trust in insurers hits lowest point since 2021 – Fairer Finance
Public trust in the insurance industry has dropped to its lowest level in four years, according to the latest Trust in Insurance Index from Fairer Finance.