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IGI launches online service

IGI is to underwrite the first product offering from Policyfast, a web-based niche underwriting serv...

IGI is to underwrite the first product offering from Policyfast, a web-based niche underwriting service offering full online trading for authorised intermediaries. Policyfast commenced trading with the launch of a residential and commercial property owners product, underwritten by a panel of insurers, including IGI. Policyfast's development director, Mick Denny explained: "Our plan is to contact established brokers that wouldn't normally be able to gain access to a market that would be as

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FCA proposes 1.4% fee rise for broker block

The Financial Conduct Authority is consulting on raising levies from brokers by 1.4% in 2026/27 – double its annual budget increase – as it also laid out its work programme going into the second year of its five-year strategy.

ManyPets confirms social media clone

Pet insurance managing general agent ManyPets has confirmed a customer was contacted by an X account impersonating its brand and has issued a warning on how increasingly convincing scammers can appear.

Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

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