Home insurance
MGA Arkel adds its Adapt product to SSP
The household insurance proposition will be available on the software house’s broker platforms.
Profit and turnover up for Admiral Group
Profit before tax was driven by strong reserve releases and lower claims frequency.
Ageas reports 95.2% COR
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.
Uinsure adds Covéa Insurance to its broker platform
Uinsure is seeking to grow broker distribution of home insurance products.
Blog: The five unintended consequences of price-walking
Ignite Systems MD Toby MacLachlan discusses what can go wrong after the FCA signalled its intent to ban dual pricing practises in the home and motor insurance markets earlier this year.
Markerstudy & Co-op confirm completion of £185m deal after two year wait
The transaction, which will boost Markerstudy's GWP by £500m, was first announced in January 2019 and has previously been criticised by Union Unite after it was revealed that it could result in 200 job losses.
Home insurance premiums continue slide as lockdown keeps criminals at bay
Research from Consumer Intelligence shows premium reductions are accelerating as the year draws to a close.
CMA fines ComparetheMarket £17.9m
The watchdog says the comparison website breached competition law by using clauses prohibiting home insurers to offer lower prices on other aggregator sites, resulting in higher premiums.
Ageas reports 94.6% COR
The provider said Q3 numbers were “healthy” and reflected lower claims frequency and strong prior year releases.
Polaris calls for input from brokers to develop e-trading standards
Exclusive: The industry-owned body says the standards that underpin question sets used to cater for customers’ insurances need to evolve to reflect changes in the way people live, work and travel.
Ageas UK sells stake in Tesco Underwriting for £125m
CEO Ant Middle says now is the "right time" for Ageas to hand over its stake in the car and home insurance provider to Tesco Bank as it focuses on developing broker distribution.
Covéa promotes James Gearey to personal lines head following Geldard departure
He joined in 2019 as corporate development and strategy director.
Aviva teams up with Prestige on personal lines home market
The five-year distribution deal builds on an existing relationship where Aviva underwrites motor policies for Prestige.
Brokers welcome FCA's crackdown on dual pricing
Experts predict the regulator's proposals to ban dual pricing will have "unintended consequences" and lead to reduced competition for new business, but agree the measures are a positive outcome for consumers.
FCA warns brokers to "pay close attention" after dual pricing ban
Regulator to collect data from any firms setting prices, including brokers, as it calls on the industry to co-operate to tackle the loyalty penalty.
FCA signs death warrant for dual pricing
The regulator outlines proposals for a “significant reform” of the motor and home insurance markets and slams "complex and opaque" pricing practices.
GRP-owned Cherish launches home policy with access to Flood Re
The product is underwritten by Axa and the wholesale broker says it has removed “non-essential” cover in order to offer a more affordable option.
Saga confirms £150m capital raise and investment from ex CEO Sir Roger De Haan
Business also posts pre-tax loss of £55.5m for the first six months of 2020.
Home insurance premiums fall after Covid-19 lockdown
Figures from Consumer Intelligence shows average buildings and contents policies fell by 0.3% in the last three months.
Blog: Short-term Lets: Profit or Problems?
Tokio Marine HCC’s Marc Brewer gives brokers an overview of the specialist rental sector.
Adrian Flux to create 185 new jobs
Broker says it is recruiting across its three offices in East Winch, King’s Lynn and Norwich.
Admiral lockdown rebate cost £97m
2020 COR for the first half of the year was 83.0% compared to 92.3% on H1 2019.
Ageas profit after tax slumps by half
The provider reported a result after tax of £22.8m compared to £45.4m in H1 2019.
Hastings bought by Finnish/South African consortium
The deal values Hastings at around £1.66bn as the provider also publishes half year results.