United Kingdom (UK)
People Moves: 24-28 October 2022
Keep up to date with the latest personnel changes within insurance.
Aviva invests £9m to help with crisis support
Aviva has invested £9m into Citizens Advice and Business Debtline services to aid with crisis support.
Bravo Networks offers staff fully funded apprenticeships
Bravo Networks is offering its members the opportunity to grow their staff through fully funded apprenticeships, provided by learning and development company Raise the Bar.
County Group buys North Wales broker
GRP’s County Group has acquired broker Business Insurance Specialist for an undisclosed sum.
MVP invests in Yorkshire broker
Minority Venture Partners have announced a new investment, this time in Yorkshire insurance broker Hathaway and Cope.
No major impact on insurers by inflation: report
Plenum Investments’ 2022 half year report has shown that inflation has not had a serious impact on the insurance sector, except for UK motor insurers, and higher interest rates gave led to an improvement in Solvency II positions.
Kelliher reports turnover and profit growth for 2021
Kelliher Insurance Group has recorded a 6.4% increase in turnover for 2021 to £17.3m.
Alan Atkins new CEO at MCE Insurance
MCE Insurance has a new CEO, with Alan Atkins taking up the mantle and former CEO Julian Edwards stepping into role of executive chair.
FCA threat of premium finance crackdown rises amid ‘fairness’ concerns
The Financial Conduct Authority has a list of concerns about premium finance, with two of its most powerful figures in general insurance expressing their unease over issues with the product.
Aon to offer 1,000 work experience places
Aon has announced it will offer 1,000 work experience placements per year for UK college students from low socio-economic backgrounds starting in 2023.
People Moves: 17-21 October 2022
Keep up to date on the latest personnel changes in insurance.
PRA hands MS Amlin £9.7m fine
The Prudential Regulation Authority has issued MS Amlin Underwriting a £9.7m fine for failing to comply with regulatory obligations.
Trade bodies battle to trim FCA fair value paperwork ‘crippling’ small firms
Trade bodies are working with the Financial Conduct Authority to narrow down the focus of its fair value assessments which comes with a huge regulatory burden.
Specialty MGA UK launches with broker service promise
Specialty MGA UK has launched focusing on hard to place risks and specialty lines of business.
Biggest annual rise in five years as car premiums jump 14%
Average comprehensive car insurance premiums reached £586 in the third quarter, up 14% since Q3 2021 and by 6% in the last three months alone, according to research by Confused and WTW.
Kingfisher asserts "limited" impact despite $300,000 ransomware threat
Kingfisher Insurance has become the latest insurance company to be hit by a cyber attack but claims its impact was "very limited".
GI firms need to step back and consider what to do differently under Consumer Duty, says FCA
The insurance sector is well placed ahead of the implementation of new Consumer Duty rules but “there will be changes needed”, according to Daniel Hurl, head of market analysis and policy, insurance, at the Financial Conduct Authority.
Stubben Edge buys Helodrium
Stubben Edge Group has bought regulatory and compliance experts Helodrium.
Amazon partners with Ageas, LV and Co-op on home insurance launch
Amazon has moved into the UK home and contents insurance market with the launch of Amazon Insurance Store and promised more is yet to come.
Broker PI expert Inperio extends capacity deal with Accredited until 2027
Accredited Insurance (Europe), the wholly owned subsidiary of R&Q Insurance Holdings, has signed a long-term extension with professional indemnity specialist managing general agent Inperio (London).
Carey moves from Aviva to Allianz in new mid-market role
Aviva’s David Carey has jumped ship to Allianz Commercial in a newly created mid-market role effective from April 2023, subject to regulatory approval.
Enforcement director Mark Steward to leave FCA next year
Mark Steward will be stepping down as the Financial Conduct Authority’s executive director of enforcement and market oversight in Spring 2023 after seven years with the regulator.
RSA becomes menopause friendly employer
RSA Insurance is now an accredited menopause friendly employer, making the announcement today on World Menopause Day.
Blog: Why the menopause is everyone’s responsibility
Ahead of World Menopause Day on 18 October, Matt Munro, of telematics broker Igo4, discusses the importance of a strategy to manage menopause in the workplace, and why it’s just as important to include men in the conversation as it is women.