SME
MGA Fusion Specialty expands in UK
SME focused M&A and financial lines specialist managing general agent Fusion Specialty has launched Fusion Specialty UK.
Covéa returns to profit in 2021
Covéa Insurance has reported post-tax profit of £7.9m in 2021 reversing the loss of £30.8m the previous year.
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.
FCA warns on Broker Express clone
The Financial Conduct Authority has warned of a clone of Broker Express with fraudsters using or giving out details as part of their tactics to scam people in the UK.
Hug Hub to launch broker extranet service
Insurtech Hug Hub is to rollout an extranet service this summer in a move it said would save commercial brokers up to 75% of the processing cost in placing e-traded SME risks.
Aviva grows UK GWP by 4% in Q1
Aviva has posted a 4% rise in UK gross written premiums for the first quarter of 2022 to £1.24bn but a deteriorating combined operating ratio of 99.4%.
Aviva halfway to regional underwriter recruitment target
Aviva has added a net 20 new underwriters to its underwriting team in the regions, chief distribution officer Gareth Hemming told Insurance Age.
Analysis: Network knowledge is key to opening the door to new start-ups
The network sector is in upbeat mood confident of growing with existing and new members as well as being keen to help new start-ups come into the insurance market, the leaders tell Emmanuel Kenning
Zurich UK refreshes small fleet cover for electric vehicles
Zurich UK has added new cover and wording to its small fleet policy for firms with between two and 20 vehicles.
Blog: Bona fide sub contractors – a hard sell?
Martino D’Aliesio, lead underwriter – casualty at Ensurance, on the key questions for brokers to guide their construction clients through the complex bona fide sub contractors area.
Iprism posts increased profit in run-up year to MBO
Iprism Underwriting Agency has reported a 9.7% increase in profit for the year ended 30 June 2021.
Konsileo grows staff to 75
Konsileo has doubled the size of the team and now controls around £25m in run rate gross written premium and is looking to grow further in 2022 with a fresh funding round set to close soon.
JM Glendinning buys Sphere Group
Newcastle-based insurance broker and risk management firm The Sphere Group has been acquired by JM Glendinning Group for an undisclosed sum.
Aviva and Allianz surveys flag inflation and climate impact issues for SMEs
Inflation has toppled business interruption as the number one concern for small businesses in a survey by Allianz Commercial while separate research by Aviva has found three-quarters of SMEs believe businesses should work on reducing their environmental…
Analysis: The inflation challenge
The ever-increasing rate of inflation in the UK and certainty of more to come has led to warnings of challenges for brokers and insurers alike with issues ranging from difficult conversations on premium rises to underinsurance and the prospect of turning…
New RSA CEO Ken Norgrove promises to fix current “average” broker service
The insurer is keen to grow in SME in partnership with brokers but will not be targeting micro business.
Blog: The opportunity in M&A insurance
There has been no shortage of mergers and acquisitions stories over the past 12 months and not just in the broking sector. Despite all the deal headlines M&A insurance has had little airtime so CFC’s Joe Perrett runs the rule over the opportunities for…
In Depth: Legal expenses cover proves value in volatile times
The turmoil caused by pandemics and politics in the past two years has created an increasingly litigious landscape and served to highlight the value and benefit of legal expenses to businesses, says Tim Evershed
Zurich appoints Will Edwards as head of SME
Edwards replaces Paul Tombs who is leaving the insurer.
Biba develops flood product for SMEs
The body has worked with Mi Commercial Risks to extend its flood scheme.
HCF targeting doubling in five years
The broker has two more deals in the pipeline for this year.
Pro Global adds Aurora to MGA platform
Insurtech Aurora targets SME business directly and through brokers.
Aviva partners with Broker Network after a decade apart
The provider also works with Bravo Networks' other proposition, Compass.
Admiral reports increased profit and turnover
Profit before tax hit £769m, a 26% uptick on the 2020 result as it flags plan to move into small business insurance.