United Kingdom (UK)
NIG posts policy count and GWP rise for 2021
Owner DLG reported gross written premiums of £3.17bn with profit after tax of £343.7m.
IWD: The view from the top
Key female insurance figures consider how far women have come in the sector on International Women’s Day.
Brown & Brown takeover of GRP will open up shareholder opportunities for staff
New owner says GRP has found its forever home and will back further acquisitions.
US giant Brown & Brown to buy GRP
Consolidator confirms no changes to management team, headcount and brands under new owners, the sixth largest broker in the world.
ERS posts COR of 98%
The insurer noted there was a reduction in demand in motor but growth in commercial.
Lloyd’s open for growth but demanding sustainable performance
Market leader stresses remediation is not a ‘once and done’ exercise as focus increases on catastrophe risks.
SSP adds Percayso Inform to platform
The software house said it made the move to broaden its data enrichment capabilities.
UK brings in sanctions blocking Russian access to aviation insurance
AM Best put ratings of suite of Russian insurers and reinsurers on negative watch at the start of the month.
High commission rates factor in Hiscox UK personal lines pull back
The insurer also ended agencies with brokers and revealed it will be looking to double UK business under incoming leader Jon Dye.
Pool Re ups retro cover to £2.5bn
The three-year agreement triggers if losses top £400m in a year.
Analysis: Spotlight falls on personal lines amid consolidation frenzy
After a record breaking year for deals by value and volume, specialists analyse what is driving the market and where the acquisition rush will go next. Emmanuel Kenning reports.
Hiscox UK posts near 10% rise in GWP for 2021
The provider grew commercial lines business while personal lines shrank in the year.
FCA cap on CMC fees comes into force
Regulator claims consumers are expected save £9.6m a year.
FCA confirms scrapping bonuses
The regulator has unveiled a new pay deal against a backdrop of potential strike action.
RSA names Cath Frost as regions MD
RSA has appointed Cath Frost as regions managing director replacing Lee Mooney, who was promoted to managing director of RSA commercial lines in November.
Aon confirms cyber incident
Firm states its ability to serve clients has not been impacted by the event.
CII releases member consultation findings
The organisation had 1,149 responses via its online consultation and held 62 events.
Twining exits Kingsbridge
Paul Havenhand succeeds James Twining as CEO of Kingsbridge and Dinghy.
FCA dual pricing rules drive biggest monthly premium jump in eight years, says Consumer Intelligence
Average premiums for home insurance rose 9.1% in January while motor was up 4.9%, according to the specialists.
Modellers put Storms Dudley and Eunice losses at up to £4.1bn (€5bn)
RMS estimates top figure of £3.7bn (€4.5bn) with the UK accounting for around 15% of the total.
Brokers praise insurer response to storms claims
Storms Dudley, Eunice, and Franklin could cost UK insurers more than £400m in claims, according to Moodys.
Axa UK & Ireland P&C revenue rises as COR improves in 2021
The provider’s revenue in the region increased overall in the past 12 months as commercial grew but personal lines shrank.
Polaris imarket policy count ticks up to 490,000 for 2021
The organisation said the use of imarket to place commercial lines business was at an “all time high”.
Ageas investing in digital to win with brokers, says Middle
The provider has teamed up with EIS, Amazon Web Services and Willis Towers Watson on a range of initiatives.