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Blog: Fair pricing and rebuilding trust
Why a robust complaints process from brokers and insurers could help restore trust in the home and motor markets following the dual pricing review.
CMA fines ComparetheMarket £17.9m
The watchdog says the comparison website breached competition law by using clauses prohibiting home insurers to offer lower prices on other aggregator sites, resulting in higher premiums.
Ardonagh reveals 14.4% growth in adjusted Ebitda
The business says it has a "robust forward-looking pipeline" after making five deals in Q3 2020.
Daulby Read reveals deal-making plans
MD Peter Goddard tells Insurance Age about the firm's mission to keep broking "at the heart of the community" and discusses its recent purchase of Townsends Insurance Brokers.
RSA suitors agree cash offer
RSA board says it will recommend the £7.2bn deal to shareholders as Intact and Tryg take next step to buy and split the insurer.
Ageas reports 94.6% COR
The provider said Q3 numbers were “healthy” and reflected lower claims frequency and strong prior year releases.
Intact secures billions in funding as RSA sale talks forge ahead
If a firm offer is made Intact will buy RSA's Canadian and UK & International operations.
Rate hardening expected to speed up insurance sector recovery from pandemic recession
Swiss Re chief economist says the insurance industry is more resilient than expected, while the global economic outlook remains fragile.
Aston Lark buys MS Amlin division
The broker has purchased specialist marine pleasure craft insurance provider, Haven Knox-Johnston, for an undisclosed sum.
Brokers hope "inevitable" RSA sale will inject new life into the "sleeping monolith"
Some brokers expect potential deal to re-energise RSA, while others criticise the provider's "poor performance" and predict an uncertain future for its UK operations.
RSA talks value insurer at £7.2bn
Two potential bidders are circling and proposing to split the provider.
RSA confirms sale talks
The insurer stated that Canadian Intact Financial Corporation and Nordic insurer Tryg had approached the business.
GRP Yorkshire hub Marshall Wooldridge buys again with RIB swoop
Marshall Wooldridge, the Yorkshire hub business for Global Risk Partners, has acquired its second broker within a month following a swoop for Rotherham-based RIB Group.
Brightside shuts down MGA Kitsune
The decision puts 16 people at risk of redundancy from the organisation which launched in January 2019.
Biba confirms virtual 2021 conference
The trade body said it was “impossible and unwise” to press ahead with an in person meeting for 2021 because of coronavirus.
Alpha administrators in legal dispute with UK taxi broker
The case relates to premiums of over £3.9m collected by the broker before the unrated Danish insurer failed in 2018.
Home insurance to “scrape a profit” in 2020
Poor weather threatened revenues but the fall in claims due to lockdown has lowered costs, but analysis paints a stormy picture for 2021.
Blog: E-scooters, opportunity or threat?
We've all see e-scooters whizzing along pathways and roads, and we've all heard about the potential for accidents. DWF's Nigel Teasdale digs in to the implications for brokers.
CII launches insurance dementia guide
The good practice document highlights how insurance firms can help customers living with dementia.
Polaris urges brokers to get involved with setting standards
Standards manager Steve Waller discusses which issues are affecting the broking market at the moment and explains why the organisation wants brokers of all sizes to share their views.
In Person: Andrew and Richard Bartlett
Bartlett Group’s joint MDs tell Insurance Age about the history of the family business, plans for the future and what it felt like to win at the 2020 UK Broker Awards.
Polaris calls for input from brokers to develop e-trading standards
Exclusive: The industry-owned body says the standards that underpin question sets used to cater for customers’ insurances need to evolve to reflect changes in the way people live, work and travel.
Ageas UK sells stake in Tesco Underwriting for £125m
CEO Ant Middle says now is the "right time" for Ageas to hand over its stake in the car and home insurance provider to Tesco Bank as it focuses on developing broker distribution.
Analysis: Amanda Blanc's first 100 days as Aviva boss
Industry experts say Blanc's focus on core markets is good for brokers, as they note she is yet to make any big UK changes at the provider.