Personal
A-Plan delivers rising turnover and profit after Howden takeover
The high street specialist has grown its commercial centres to 40.
Howden restructures executive team ahead of Aston Lark completion
As previously announced, Carl Shuker will lead UK & Ireland business as CEO with Peter Blanc as executive chairman.
NIG posts policy count and GWP rise for 2021
Owner DLG reported gross written premiums of £3.17bn with profit after tax of £343.7m.
Brown & Brown takeover of GRP will open up shareholder opportunities for staff
New owner says GRP has found its forever home and will back further acquisitions.
US giant Brown & Brown to buy GRP
Consolidator confirms no changes to management team, headcount and brands under new owners, the sixth largest broker in the world.
GRP-owned County Group buys PG Insurance
The consolidator ramps up its acquisition plans with fifth deal of the year.
Esure posts loss of £7.1m for 2021
Gross written premium also slipped to £807.6m for the full year 2021.
Admiral reports increased profit and turnover
Profit before tax hit £769m, a 26% uptick on the 2020 result as it flags plan to move into small business insurance.
High commission rates factor in Hiscox UK personal lines pull back
The insurer also ended agencies with brokers and revealed it will be looking to double UK business under incoming leader Jon Dye.
Aviva UKGI reports £318m operating profit
This is up from £182m in 2020 as the business also flags GWP of £4.9bn, up from £4.6bn in the previous year.
Analysis: Spotlight falls on personal lines amid consolidation frenzy
After a record breaking year for deals by value and volume, specialists analyse what is driving the market and where the acquisition rush will go next. Emmanuel Kenning reports.
Hiscox UK posts near 10% rise in GWP for 2021
The provider grew commercial lines business while personal lines shrank in the year.
Amanda Blanc confirms Aviva move to 80 Fenchurch Street
Relocation plans revealed as Aviva reported GWP of £8.8bn for the full year 2021.
Analysis: FCA bares its teeth on residential property insurance
Martin Friel explores the likelihood of intervention by the watchdog as premiums go up in a market that has “not worked well” for more than a decade.
FCA dual pricing rules drive biggest monthly premium jump in eight years, says Consumer Intelligence
Average premiums for home insurance rose 9.1% in January while motor was up 4.9%, according to the specialists.
Brokers praise insurer response to storms claims
Storms Dudley, Eunice, and Franklin could cost UK insurers more than £400m in claims, according to Moodys.
People Moves: 21-25 February 2022
Keep up to the date with the latest industry moves in the insurance space.
Analysis: How do brokers feel about a four-day week?
Industry experts highlighted the benefits and challenges of a four-day week in the insurance space.
Pikl reveals £100m GWP ambition
CEO Louise Birritteri told Insurance Age that the company was also preparing to expand into the shared mobility space this summer.
Axa UK & Ireland P&C revenue rises as COR improves in 2021
The provider’s revenue in the region increased overall in the past 12 months as commercial grew but personal lines shrank.
Ageas investing in digital to win with brokers, says Middle
The provider has teamed up with EIS, Amazon Web Services and Willis Towers Watson on a range of initiatives.
MGA evolution can support broker independence, says Pro Global’s Danny Maleary
MGA leader assesses opportunities for brokers, changes in capital providers backing risks, market consolidation and the sector’s expansion.
Profits up at Ageas UK but income and COR slip in 2021
Insurer saw growth in home business but motor gross written premium fell to £676.5m.
Industry pulls together to mitigate flood risk
The British Insurance Brokers’ Association, the Association of British Insurers, and Flood Re have launched a Flood Insurance Directory to help customers access flood cover.