hard market
News analysis: The 1/1 reinsurance renewals – What will 2023’s ‘challenging’ reinsurance market mean for UK brokers?
The annual 1/1 reinsurance renewal season might not have been on the list of major concerns of the average UK broker at the start of 2023. But as Rachel Gordon reports it could have a sting in the tail this year when it comes to capacity shrinkage and…
Video Q&A: NMU’s Guy Smith on being voted best commercial insurer by brokers
In this video, head of marine and specialty at NMU Guy Smith speaks to Insurance Age content director Jonathan Swift about its success in the annual Insurance Age Broker Satisfaction Survey.
EY: UK motor and home insurers to report largest losses in a decade
According to a report by EY, UK motor and home insurers are expected to make the biggest annual loss in over a decade this year, with further losses forecast for 2023.
Meet the MGA: Spring Insure
Spring co-founder and CEO Nathan Sewell explains why capacity alignment is key for his MGA and his fondness for ‘grafters’
Stark drop on most schemes at renewal and for commission earnings
Data provided by SchemeServe has revealed a considerable drop across the board on most schemes with the biggest falls being in cyber.
News analysis: Agriculture – how can brokers help the sector face up to risks, old and new?
Whether it is inflation, weather, rural criminals or staff shortages, the agricultural market has certainly borne the brunt when it comes to feeling the force of social and climate change. Martin Friel investigates how the insurance sector is helping…
News analysis: Post FCA Covid-19 test case how are brokers finding the BI market?
Business interruption was put in the spotlight during Covid-19, as insurers insisted that the pandemic was not covered in policies, Insurance Age looks at how BI has changed since then.
FCA warns insurers to support customers’ wellbeing during cost of living crisis
The Financial Conduct Authority has expressed concerns, in a new 'Dear CEO' letter, that customers may cut-back on the insurance they need as pressure mounts on household budgets.
Blog: Partnership builds the resilience brokers need to navigate a challenging world
A recent Close Brothers Premium Finance survey highlighted a host of new issues brokers are facing that did not exist two years ago. To improve resilience in the face of these challenges Seán Kemple, managing director of premium finance, argues…
BGL Insurance prioritises talent and digital following Markerstudy deal
Managing director of distribution at BGL Insurance, Laura Mullaney highlights the brokers’ main focuses after its takeover by Markerstudy.
Complete Cover report details outsourcing to South Africa and job cuts
Complete Cover Group introduced a restructuring programme in the fourth quarter of 2021 to significantly reduce the UK workforce with much of the customer facing activities outsourced to South Africa, a Companies House filing has revealed.
TL Dallas posts 10% profit rise in 2021
TL Dallas Group has reported a 5.1% rise in turnover to £9.78m in 2021.
Broking Success: From football to insurance
Managing director of Mason Owen Financial Services, Andrew Gibbons tells Insurance Age how he went from being a semi-professional footballer to entering the world of insurance
Lloyd’s posts £1.8bn half-year loss
Lloyd's has posted a loss of £1.8bn for the first half of 2022 compared to a profit of £1.4bn in the same period last year.
More acquisitions on the horizon for Seventeen Group
Seventeen Group is poised to strike more deals before the end of this year and into 2023 with European expansion on the agenda, according to CEO Paul Anscombe.
Trade credit joins cyber as a challenging market – Aon
Pricing in the UK market continued to harden across all classes in the second quarter except for directors and officers’ insurance, according to the latest report by Aon.
Romero on track to double its business
Managing director, Simon Mabb has revealed that Romero is on track to achieve its five year plan of doubling its business by 2025.
Jensten flags healthy acquisition pipeline
CEO Alistair Hardie said the organisation has a series of deals in play following its buy of J. Bennett & Sons but warned that the Financial Conduct Authority can be slow to approve acquisitions.
Voice your views on commercial lines
Take part in Insurance Age's Broker Satisfaction Survey to share your opinions on service provided by insurers in commercial lines.
CEO of WBN flags lack of diversity across senior broker roles
The CEO of the Worldwide Broker Network, Olga Collins, has warned of a lack of inclusion within senior roles.
Opinion: Growing together, serving together
Mike Keating reflects on how brokers can get the best from their relationships with MGAs.
Burns and Wilcox eyes £60m-£65m in GWP
The MGA and underwriting business has experienced “significant growth” since it was created in 2019 and is open to M&A as a tool for growth according to CEO, Stuart Kilpatrick.
Profile: Adam Winslow - Winslow’s world
Adam Winslow has been UK and Ireland CEO for Aviva since May last year. He speaks to Siân Barton about his career, the insurer’s plans and shares his view on current market conditions.
Cyber pricing hardens over 30%, says Aon
Market conditions for cyber insurance in the UK remain challenging with prices hardening by over 30% for the first quarter, according to an update by Aon.