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Foley confirms Fleming as interim Axa Retail boss
Soon-to-be Axa UK and Ireland CEO Tara Foley has revealed the appointment of her successor, naming Anna Fleming as interim Axa Retail CEO.
Motor specialist Lucida posts second year of double-digit growth
Motor specialist Lucida Broking Holdings grew turnover in continuing operations by 28% in 2022 to £47m, according to a filing at Companies House.
Lloyd & Whyte confirms 2022 deals spend
Lloyd & Whyte struck six deals in 2022 as turnover grew to £28.4m.
Insurance drives half-year revenue growth at Moneysupermarket
Moneysupermarket grew insurance revenue by 23% in the first six months of the year to £105.6m.
Aviva buys Barclays’ home insurance book
Aviva has signed up to buy Barclays UK’s 350,000 strong home insurance portfolio.
FCA names MCE administrators
The Financial Conduct Authority has confirmed that Mark Holborow, Vincent Green and Steven Edwards of Crowe UK are the joint administrators of MCE Insurance, as appointed by the company’s directors.
Flood Re on Build Back Better broker education drive
Brokers have engaged with Build Back Better, and want to communicate the benefits to clients, Flood Re CEO Andy Bord has confirmed, as the mutual reinsurer outlined plans to help educate the sector.
WTW/Confused: 12-month motor premium rise the highest since records began
Comprehensive car insurance premiums have risen by a record 40% (£222) during the last 12 months, with UK motorists now paying £776 on average, according to the latest Confused Car Insurance Price Index in association with WTW.
Flood Re policy numbers grow to more than 265,000
Mutual reinsurer Flood Re covered 265,826 policies in the year to 31 March 2023 – a 3.6% rise on the previous 12 months.
Motorbike broker MCE enters into administration
Motorbike broking specialist MCE Insurance Limited entered into administration last night, it has been confirmed.
Arag Group strikes deal for Das UK
Arag Group has signed up to buy Das UK, subject to regulatory approval, in a move that would create a near £200m gross written premium legal expenses insurance business.
Ex-Swinton duo Normand and Beaven join Academy as it receives Blixt PE injection
Academy Insurance Services has been given external investment from private equity house Blixt Group with its sights set on growth through further acquisition.
Zurich exits regional and national broker personal lines channels
Zurich UK has today announced plans to refocus its personal lines home and motor business to concentrate on high net worth through Zurich Private Clients, alongside its MGA and partnership channels.
Think Insurance on the hunt for acquisitions – Russell Bence
Think Insurance is on the hunt for acquisitions, targeting brokers with around £3m of gross written premium, commercial director Russell Bence told Insurance Age.
Meeting the challenge of avoiding underinsurance in HNW properties
Amid inflation and irregular surveying, high-net-worth buildings are potentially more at risk of underinsurance than ever before. Helena Evans, managing director at Criterion Adjusters, outlines how brokers can help clients to reduce this risk.
In Depth: Legal expenses cover… needed more than ever?
Clients may want brokers to advise on how to reduce premiums, but this is the one add-on to hang onto according to providers as Rachel Gordon discovers.
Experts call on brokers to take action as climate change drives shift in flood risk
Flood insurance specialists have urged brokers to stay on top of how they can help clients as the number of natural catastrophe weather events in the UK continues to increase due to climate change. Ida Axling investigates.
Stevenson Seacombe Partnership buys 51% of fellow TBIG member Whitefield Insurance
Stevenson Seacombe Partnership has bought a 51% holding in fellow The Broker Investment Group firm member Whitefield Insurance based in Ramsbottom, Lancashire.
Turnover up but profits slip at Thomas Carroll
Thomas Carroll Group grew turnover by 11.2% in 2022, but increased expenses and investment spending knocked profits lower.
Broking telematics under the spotlight as motor insurers withhold or pull capacity
The broking telematics market has had a few setbacks of late with Unipol pulling capacity and Lumun pivoting to become an MGA. But as Saxon East discovers, there are positive signs on the road ahead too.
Sabre picks CDL for pricing and for retail platforms
Sabre Insurance has moved its pricing and direct insurance platforms to CDL, Insurance Age can reveal.
Interview: Andrew Cunis, Gallagher – Growing for gold
Andrew Cunis, managing director of private clients at Gallagher, shares how the offering has grown to £100m of gross written premium, and the firm's goal of 10% year-on-year organic growth.
Tech entrepreneur launches kit to combat HNW fraud and underinsurance
Tech entrepreneur Jonathan Garnett has gone live with a system to help insurance firms combat fraud and underinsurance in high-net-worth assets.
FCA cracking down on home and motor insurers
The Financial Conduct Authority has warned insurers about the support provided to struggling customers.