SME
Trade Credit Insurance is again in the spotlight. How can brokers take advantage?
Described as a ‘sleeping giant’ of the insurance market, brokers should wise up to the opportunities offered by trade credit. Especially, as Martin Friel discovers, recent geo-political events mean this vital safety for businesses is edging to toward the mainstream.
Beazley’s profit before tax soars 115%
Beazley has reported its profit before tax leapt to $1.25bn (£984m) in 2023, a 115% increase on the year before.
Momentum building with brokers into 2024, says Hiscox leader Musselle
Hiscox is adding 10 specialist regional underwriters to continue its push with brokers having grown the business last year, group chief underwriting officer Joanne Musselle told Insurance Age.
Simply Business expands partnership with Zurich
Zurich has grown its partnership with digital broker Simply Business to provide commercial combined quotes for businesses with a turnover of £750,000 or more.
Hiscox reveals UK growth in 2023 as group profits soar to record
Hiscox grew gross written premiums across its SME and personal lines books in the UK by 2.4%, stripping out the effect of currency exchange, to $793.8m (£625.7m) in 2023.
Bravo Networks’ SME e-trade platform goes live
Bravo Networks has launched Bravo Digital Trader, with Zurich writing the first policy.
Analysis: What can brokers expect from RSA’s new-look commercial senior team?
With a new-look senior commercial lines team in place, brokers must hope RSA is done with chopping and changing at the top. Jonathan Swift assesses what the future might hold now dates have been set for the NIG integration.
Holmes promises to ramp up focus on smaller brokers and across mid-market
Allianz has been growing in SME business and will push ahead further with smaller brokers this year alongside targeting growth in mid-market, according to UK CEO Colm Holmes.
Blog: UK SME cyber resilience – let’s reverse the backwards trajectory
Ian Summerfield, head of cyber at Pen Underwriting, on how brokers and providers must work together to move the dial of SME cyber insurance.
Has cyber reached a tipping point with new entrants and incumbent product pushes?
Against a backdrop where the Financial Conduct Authority has warned the cyber insurance market over its concerns on policy wordings, a recent survey has found over one-third of brokers are still not selling this product. Siân Barton mulls whether a raft…
Ex-Hiscox leader Jodi Cartwright joins Tint Financial in broking push
London-based fintech Tint Financial Services has appointed former Hiscox distribution director Jodi Cartwright as chief commercial officer as it builds a broking arm, Insurance Age can reveal.
Loadsure launches motor truck cargo insurance
Managing general agent Loadsure has launched Columbia, a motor truck cargo and logistics services insurance.
Zurich SME head Edwards: Speed and service key to maintaining double-digit growth
Zurich is seeking to improve its referral process and continue to invest in underwriters as part of its drive for double-digit new business growth across the SME space.
Aviva deal probed by CMA
The Competition & Markets Authority has opened an investigation into the anticipated acquisition by Aviva of AIG Life.
Aviva leaders on simplification for brokers at heart of changes
Aviva’s 2023 actions will see it move up the gears with brokers this year, according to leaders Ryan Birbeck and Michael Yabantu.
In Depth: Businesses falling into the justice gap
Widely seen as a personal problem, diminishing access to justice also severely impacts businesses. Tony Buss, managing director at ARAG explains how the justice gap has become a major issue for companies in the UK and what brokers can do to help.
In Depth: LEI as a proactive shield - the role of the insurance broker
The widening access gap in legal systems, exacerbated by chronic underfunding and post-pandemic pressures, presents significant difficulties for individuals and businesses seeking justice and challenges for insurance brokers in effectively serving their…
Interview: Carolyn Callan, Brown & Brown
Three months into the role at her “forever” home of Brown & Brown, Carolyn Callan explains her plans and priorities to Emmanuel Kenning.
Brown & Brown rolls out on Acturis
Brown & Brown is moving its retail platform to Acturis, Insurance Age can reveal.
Brunel adds PI broker to group
The Brunel Group has set up a professional indemnity insurance broker with a focus on UK professional firms.
TBIG backs first broker start-up
Nathan Walton has launched Cheshire-based commercial broker Insurance Connections, backed by The Broker Investment Group.