Personal
FCA Business Plan a "significant change of tone"
Industry experts say firms need to focus on fair value after the regulator reveals plans to be tough and forward-looking.
Somerset Bridge Group posts £42.4m loss
The business, which claimed £614,000 furlough cash in 2020, was snapped up by Arch Re earlier this year.
Brokers commit to flexible working model as Covid restrictions lift
Insurance Age talked to brokers to find out what their plans for returning to the office are and what long term impacts they believe the pandemic will have on working environments.
Allianz commits to continued broker focus after restructure
Provider says split into distinct personal and commercial businesses will not result in any redundancies.
Marshmallow denies trying to "dump" clients in legal spat with Mulsanne
Mulsanne launched a case against the start-up in March this year, accusing it of misusing confidential information and stealing trade secrets.
Aioi Nissay Dowa Europe partners with ibott for shared mobility products
The collaboration is said to focus on insurance solutions for non-owned fleets in areas such as peer-to-peer vehicle sharing, on demand delivery, ridesharing, vehicle leasing, micromobility, and autonomous vehicles.
The Blog Spot: The pay as you go bonanza
Are motor brokers going to listen to their customers?
Allianz reveals restructure
The move sees Steve Treloar become CEO, Allianz Personal and Simon McGinn become CEO, Allianz Commercial, as the provider announces a number of senior exits including Sarah Mallaby, Neil Clutterbuck and Chris Little.
Brokers predict rise in consolidation among niche players
Research from Ecclesiastical reveals the biggest threats specialist brokers are facing as well as why they believe being niche gives them a competitive advantage over other brokers.
European Commission clears Aon/WTW merger
But the deal is still on hold as a November trial looms in the United States and the New Zealand Commerce Commission also raises competition concerns.
Motor premiums drop 8.4% year-on-year
Data from Consumer Intelligence also suggested the FCA dual-pricing regulation would see the industry experience a hard market once more.
Admiral flags “higher than expected” profit
The business suggested low claims frequency and unusually positive developments in the cost of bodily injury claims will boost its half year figures.
Travel broker Staysure buys Rock Insurance Group
Rock will continue to be managed as a standalone business under the leadership of MD Antony Martin.
Police in nationwide ghost broking crackdown
Seven people were arrested following the operation by City of London Police.
UK boss Middle lifts lid on Ageas's restructure and job cuts
Ageas's Ant Middle and Adam Beckett discuss the provider's strategy change in response to shifts in customer behaviour, and the FCA's dual pricing ban, as the insurer aims to hit £1.5bn in GWP.
Marshmallow awarded costs as court battle with Mulsanne continues to rage
The insurtech start-up was also ordered to provide information ahead of a trial later this year in a legal case that centres around Mulsanne accusing Marshmallow of stealing trade secrets.
Biba launches home insurance scheme
Biba has stated that the scheme offers comprehensive cover, including unlimited buildings cover and £80,000 of contents cover with a single unspecified item limit of £5,000.
Castle Insurance Services buys Seaham-based broker
MD Paul Younger says Castle has further deals in the pipeline as it targets £10m in GWP.
The Blog Spot: An exciting return to local focus
Following reports of a rise in the number of start-up brokers, Ida Axling says it is great to see that the entrepreneurial spirit remains strong in the broking sector.
More acquisitions in the pipeline after Jensten closes largest deal to date
CEO Alistair Hardie discusses Jensten's acquisition strategy and why Tasker "fits the bill" for what the business is looking for.
Biba enhances travel scheme cover
A Covid-19 extension has been added for vaccinated people travelling to certain countries.
Aviva to invest millions in GI growth
The new UK GI CEO, Adam Winslow, highlights broker support as he flags “millions” in investment going forward as the insurer focuses on growing GI’s role within the group.
Opportunity for brokers to drive change in motor insurance
By Bits' Callum Rimmer encourages brokers to step in after survey reveals gap between what motor insurers are offering and what their customers want.
Towergate launches commercial and property quote and buy scheme
The broker has teamed up with SchemeServe to develop the platform which offers a combined commercial and residential property owners’ scheme.