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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.

Aon leader Kus named new chair of Liiba

Tracy-Lee Kus, CEO of Aon’s global broking centre, has been appointed chair of the London and International Insurance Brokers’ Association succeeding Howden’s Andy Bragoli.

PremFina grows broker network by a third

PremFina has reported it grew its broker network by a third last year citing three “major” partnerships in the final quarter alone as it reached £1.1bn in contracted volumes.

Aviva to keep Direct Line for Business

Aviva, which partially exited direct SME commercial business in 2024, is keeping Direct Line for Business and does not view it as a challenger to brokers, Jason Storah, CEO for UK and Ireland general insurance told Insurance Age.

ERS launches ultra-HNW motor offering

ERS has launched Private Client Ultimate, a proposition developed for high-net worth individuals with complex motor risks to provide specialist cover for single vehicles valued at £350,000 and vehicle collections valued at £500,000.

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