Following consultation the regulator has given firms fresh deadlines to implement rules relating to the loyalty penalty.
Private equity is driving an M&A boom in UK broking but often we don't know who is behind it. Insurance Age gets to know the key figures.
The business is backed by Munich Re and will initially focus on UK property, including main residences, holiday homes, second residences and let properties.
It is believed 134 jobs are at risk at its Peterborough headquarters with a further 116 under consultation at other locations.
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Gary Humphreys says the provider is actively looking to buy more businesses as he flags further consolidation in the personal lines space.
The motor insurance specialist, which is Abacai's first acquisition since it launched last month, will remain a standalone business run by its current management team.
As Markerstudy acquires Brightside Jonathan Swift looks at a deal over seven years in the making that has highlighted a tale of two investments for Anacap.
Element Hinton specialises in construction, waste, engineering and leisure and the deal follows investment into PIB by Apax Partners.
Markerstudy finally gets its hands on the specialist personal lines broker after being rejected for undervaluing the broker in 2013.
Bristol-based broker Venture Insurance has joined the Peter Blanc-led business.
GI CEO Colm Holmes says provider has taken a proactive approach to paying claims as he discusses how Aviva was impacted by the BI test case and comments on its 2020 results.
Profit before tax was driven by strong reserve releases and lower claims frequency.
CEO Amanda Blanc sees opportunities for "material growth" in the UK market as commercial lines premiums continue to grow.
The deal, which is set to complete later this year, will see the Axa XL Private Clients team move across to Aviva to launch a new Aviva Private Clients proposition.
MD of UKGI, Richard Coleman, tells Insurance Age about the provider's plans to modernise its brand and discusses the business interruption test case and Ecclesiastical's approach to working with brokers.
In our continuing series, Beech Tree founder, Marsh talks through the investor’s interest in UK insurance distribution and its investment into managing general agent Avid Insurance.
The MGA said it developed the proposition in anticipation of a spike in empty properties due to post-Covid disruption.
The insurer said the UK figures were “heavily impacted” by Covid-19 and, excluding the pandemic the UK COR was 95.8%, as CEO Hester reflects on group performance since 2014 and flags exit.
COR also improved, while GWP was down on 2019 after a number of products lines were "materially affected" by Covid-19.
The provider’s 2020 results showed that, despite a fall in revenue, COR improved as P&C business in the UK reports growth in personal motor and commercial lines.
It has bought Advance Insurance Agencies to act as a specialist personal lines hub for its franchisees and broking operation.
The improved position was down to lower motor claims due to the lockdown as the insurer reports growth in broker deals for household and commercial.
Deal includes two niche brands - Self-Build Zone and Build-Zone - as well as technical surveying and risk management business Build-Zone Survey Services.