Travel insurance
Fraudulent claim value goes up but detection rates also increase
ABI data shows the average fraudulent insurance claim has now reached £12,000 as the the body praises the efforts made by insurers’ fraud investigation teams throughout the pandemic.
Saga takes pricing director from WTW
Graham Wright joins from Willis Towers Watson where he is currently a senior director.
Saga reports loss after tax of £3.1m
Interim results for H1 2021 highlight group loss but directors flag “robust” numbers as the business looks to recover from £57.1m loss in the same period last year.
AllClear Travel Insurance buys InsureandGo
The deal doubles the size of AllClear’s UK travel proposition.
Aston Lark Ireland buys again
Deal for Dublin-based Brassington Insurance is consolidator's sixth in the Republic of Ireland this year.
Jackson Lee launches business travel scheme
The MGA revealed that the new policy, which includes a Covid-19 cancellation feature, allows brokers to build flexible, customised travel cover for clients.
Admiral profit soars by 76% in first half of 2021
COR improved to 75.2%, while its lockdown rebate cost the provider £21.1m during the six-month period.
TIF Group confirms travel insurance sales hiatus
MGA says existing customers are unaffected after insurer URV "temporarily paused new sales".
Blog: Why travel insurance is more important than ever
Jackson Lee Underwriting's Dipesh Patel discusses how Covid-19 has highlighted the importance of using a broker and how brokers can help clients as international travel quotations pick up again.
Travel specialist Staysure moves into pet market
The broker launched Petsure which is designed to provide cover for cats and dogs regardless of pre-existing medical conditions.
News analysis: Travel brokers and the challenges of Covid-19
As travel slowly starts to pick up again, Rachel Gordon investigates how specialist travel brokers have coped during the past 16 months of turmoil for this exclusive report.
Travel broker Staysure buys Rock Insurance Group
Rock will continue to be managed as a standalone business under the leadership of MD Antony Martin.
Biba enhances travel scheme cover
A Covid-19 extension has been added for vaccinated people travelling to certain countries.
Jensten buys Tasker
Deal includes Tasker Insurance Brokers, Tasker & Partners, and Gresham Underwriting and brings £50m GWP to Jensten.
Jackson Lee takes over Biba holiday travel scheme
The trade body previously partnered with DTW Syndicate 1991, which went into run-off at the end of last year, on the scheme.
What the FCA travel rules mean for brokers
The new rules that affect travel insurance providers come into force on Monday, 26 April.
Interview: A niche focus
Insurance Age meets the team at specialist managing general agent Avid Insurance.
Rock develops underwriting agency to target brokers
Tigon focuses on travel and Covid-19 cancellation cover as Rock seeks to diversify.
Biba Travel Medical Insurance Directory approved by FCA
The document has been designed to help brokers comply with regulatory obligations.
Syndicate 1991 to go into run-off
The Lloyd's syndicate will stop writing business on 31 December in another loss for the liability market.
In-depth - Personal lines: Taking off after the pandemic
Covid-19 played havoc with the travel industry, but once the initial confusion passed, brokers found new ways keep people protected on their travels
Insurtech Cloud Insurance hires ex-Scheme Serve director for UK launch
Norwegian-based insurtech start-up Cloud Insurance has opened a UK office and is targeting brokers, MGAs and insurers working in niche sectors such pet and health/well-being.
Tifgroup receives libel settlement and apology from The Times
The travel provider has settled with the national paper over “untrue” allegations it published in November 2018.
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.