Insurer - insuranceage.co.uk
https://www.insuranceage.co.uk/feeds/rss/category/insurer
en-gbSarah Willmont promoted to UK CEO as Canopius restructuresCanopius has named Sarah Willmont as UK CEO as it reorganised its global underwriting operations into four areas of specialty, short tail, reinsurance and casualty. https://www.insuranceage.co.uk/insight/7948056/sarah-willmont-promoted-to-uk-ceo-as-canopius-restructures
https://www.insuranceage.co.uk/insight/7948056/sarah-willmont-promoted-to-uk-ceo-as-canopius-restructuresFri, 27 May 2022 11:55:30 +0100Biba welcomes FSCS fee cutThe British Insurance Brokers' Association has welcomed the Financial Services Compensation Scheme's decision to lower the broker levy from £68m to £5m for 2022/23.
https://www.insuranceage.co.uk/insurer/7948031/biba-welcomes-fscs-fee-cut
https://www.insuranceage.co.uk/insurer/7948031/biba-welcomes-fscs-fee-cutFri, 27 May 2022 10:11:36 +0100People Moves: 23-27 May 2022Keep up-to-date with the latest job changes in insurance. https://www.insuranceage.co.uk/insurer/7947811/people-moves-23-27-may-2022
https://www.insuranceage.co.uk/insurer/7947811/people-moves-23-27-may-2022Fri, 27 May 2022 10:01:42 +0100Disappointed FCA warns brokers on consumer harmsThe Financial Conduct Authority has written to brokers warning there are significant risks of potential harm that both the market and individual firms need to address and that it will take action where needed. https://www.insuranceage.co.uk/insurer/7948021/disappointed-fca-warns-brokers-on-consumer-harms
https://www.insuranceage.co.uk/insurer/7948021/disappointed-fca-warns-brokers-on-consumer-harmsThu, 26 May 2022 16:21:17 +0100BoE exercise: No additional action scenario on climate change ups UK insurer losses by 50%UK general insurers could face at least a 50% increase in average annualised losses in a non additional action on climate change scenario, a report by the Bank of England has detailed. https://www.insuranceage.co.uk/insight/7947971/boe-exercise-no-additional-action-scenario-on-climate-change-ups-uk-insurer-losses-by-50
https://www.insuranceage.co.uk/insight/7947971/boe-exercise-no-additional-action-scenario-on-climate-change-ups-uk-insurer-losses-by-50Thu, 26 May 2022 12:22:25 +0100R&Q and Brickell deal collapsesR&Q has detailed plans to raise $108m (£85.8m) as the proposed takeover by Brickell fell through. https://www.insuranceage.co.uk/insight/7948011/rq-and-brickell-deal-collapses
https://www.insuranceage.co.uk/insight/7948011/rq-and-brickell-deal-collapsesThu, 26 May 2022 11:46:43 +0100Cyber pricing hardens over 30%, says AonMarket 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. https://www.insuranceage.co.uk/insight/7947961/cyber-pricing-hardens-over-30-says-aon
https://www.insuranceage.co.uk/insight/7947961/cyber-pricing-hardens-over-30-says-aonWed, 25 May 2022 12:58:42 +0100Adrian Coupland joins EarnixThe former customer and marketing director at SSP, Adrian Coupland, has joined Earnix as head of sales for insurance in Europe, the Middle East and Africa. https://www.insuranceage.co.uk/people/7947936/adrian-coupland-joins-earnix
https://www.insuranceage.co.uk/people/7947936/adrian-coupland-joins-earnixWed, 25 May 2022 11:18:52 +0100Brickell seeks to cancel £482m R&Q takeover dealRandall & Quilter has revealed that Brickell has cited a “material breach” and moved to scrap the proposed takeover. https://www.insuranceage.co.uk/insight/7947946/brickell-seeks-to-cancel-ps482m-rq-takeover-deal
https://www.insuranceage.co.uk/insight/7947946/brickell-seeks-to-cancel-ps482m-rq-takeover-dealWed, 25 May 2022 10:33:34 +0100Policy Expert signs six-year £2bn capacity deal with R&Q Accredited EuropeHome and motor insurtech Policy Expert has agreed a six-year capacity deal with A- rated R&Q subsidiary Accredited Insurance (Europe). https://www.insuranceage.co.uk/insight/7947886/policy-expert-signs-six-year-ps2bn-capacity-deal-with-rq-accredited-europe
https://www.insuranceage.co.uk/insight/7947886/policy-expert-signs-six-year-ps2bn-capacity-deal-with-rq-accredited-europeTue, 24 May 2022 14:26:23 +0100HDI restructures UK & Ireland operationsHDI Global and HDI Global Specialty’s UK and Ireland branches have been brought under a common leadership structure for the first time. https://www.insuranceage.co.uk/insight/7947876/hdi-restructures-uk-ireland-operations
https://www.insuranceage.co.uk/insight/7947876/hdi-restructures-uk-ireland-operationsTue, 24 May 2022 10:45:37 +0100SEIB adds Lloyd & Whyte CEO to boardMatthew Pyke has become a non-executive director for SEIB, which is owned by Ecclesiastical's parent firm. Lloyd & Whyte is also 20% owned by the Benefact Group https://www.insuranceage.co.uk/insurer/7947806/seib-adds-lloyd-whyte-ceo-to-board
https://www.insuranceage.co.uk/insurer/7947806/seib-adds-lloyd-whyte-ceo-to-boardTue, 24 May 2022 09:52:45 +0100MS Amlin teams up with Altelium on battery energy storage insuranceMS Amlin Underwriting has partnered with insurtech Altelium to launch a battery energy storage system construction all risk and operational all risk insurance solution. https://www.insuranceage.co.uk/products/7947841/ms-amlin-teams-up-with-altelium-on-battery-energy-storage-insurance
https://www.insuranceage.co.uk/products/7947841/ms-amlin-teams-up-with-altelium-on-battery-energy-storage-insuranceTue, 24 May 2022 09:04:39 +0100R&Q delays shareholder vote on takeoverR&Q has postponed the shareholder vote on being bought by Brickell until 25 May. https://www.insuranceage.co.uk/insight/7947796/rq-delays-shareholder-vote-on-takeover
https://www.insuranceage.co.uk/insight/7947796/rq-delays-shareholder-vote-on-takeoverMon, 23 May 2022 10:24:34 +0100FCA warns on Broker Express cloneThe 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. https://www.insuranceage.co.uk/insight/7947746/fca-warns-on-broker-express-clone
https://www.insuranceage.co.uk/insight/7947746/fca-warns-on-broker-express-cloneFri, 20 May 2022 12:20:01 +0100Aviva enters exclusive discussions to buy Azur’s HNW operationAviva has opened exclusive negotiations with specialist managing general agent Azur Underwriting to buy its high net worth personal lines business in the UK and Ireland. https://www.insuranceage.co.uk/insurer/7947766/aviva-enters-exclusive-discussions-to-buy-azurs-hnw-operation
https://www.insuranceage.co.uk/insurer/7947766/aviva-enters-exclusive-discussions-to-buy-azurs-hnw-operationFri, 20 May 2022 12:10:06 +0100Zurich to sell Russian business to local team and exit marketZurich Insurance Group has agreed to sell its Russian business to 11 members of the unit’s team. https://www.insuranceage.co.uk/insurer/7947756/zurich-to-sell-russian-business-to-local-team-and-exit-market
https://www.insuranceage.co.uk/insurer/7947756/zurich-to-sell-russian-business-to-local-team-and-exit-marketFri, 20 May 2022 11:26:50 +0100RSA re-jigs leadership team to bring customer operations and claims together RSA has promoted Karl Helgesen to chief operating officer with Louisa Leonard becoming managing director for personal lines to replace Kay Martin who is retiring.
https://www.insuranceage.co.uk/insight/7947701/rsa-re-jigs-leadership-team-to-bring-customer-operations-and-claims-together
https://www.insuranceage.co.uk/insight/7947701/rsa-re-jigs-leadership-team-to-bring-customer-operations-and-claims-togetherFri, 20 May 2022 10:28:25 +0100Gallagher to rebrand Coleman MarineGallagher will rebrand Coleman Marine as Gallagher on 30 May. https://www.insuranceage.co.uk/insurer/7947681/gallagher-to-rebrand-coleman-marine
https://www.insuranceage.co.uk/insurer/7947681/gallagher-to-rebrand-coleman-marineThu, 19 May 2022 12:15:09 +0100Michael Gove slams "neither fair nor decent" high premiums for leaseholders Michael Gove, the Secretary of State for Levelling Up, Housing and Communities and Minister for Intergovernmental Relations has pledged to reduce premiums for leaseholders amid the Financial Conduct Authority’s study into the market. https://www.insuranceage.co.uk/regulation/7947676/michael-gove-slams-neither-fair-nor-decent-high-premiums-for-leaseholders
https://www.insuranceage.co.uk/regulation/7947676/michael-gove-slams-neither-fair-nor-decent-high-premiums-for-leaseholdersThu, 19 May 2022 12:02:54 +0100Aviva grows UK GWP by 4% in Q1Aviva 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%. https://www.insuranceage.co.uk/insurer/7947616/aviva-grows-uk-gwp-by-4-in-q1
https://www.insuranceage.co.uk/insurer/7947616/aviva-grows-uk-gwp-by-4-in-q1Wed, 18 May 2022 11:24:08 +0100Aviva halfway to regional underwriter recruitment targetAviva has added a net 20 new underwriters to its underwriting team in the regions, chief distribution officer Gareth Hemming told Insurance Age. https://www.insuranceage.co.uk/insight/7947571/aviva-halfway-to-regional-underwriter-recruitment-target
https://www.insuranceage.co.uk/insight/7947571/aviva-halfway-to-regional-underwriter-recruitment-targetWed, 18 May 2022 09:58:54 +0100PIB adds to Spanish portfolioPIB Group has bought Spanish broker Tractio. https://www.insuranceage.co.uk/insurer/7947566/pib-adds-to-spanish-portfolio
https://www.insuranceage.co.uk/insurer/7947566/pib-adds-to-spanish-portfolioTue, 17 May 2022 14:29:54 +0100Das LEI reports comprehensive £4.3m loss for 2021Das Legal Expenses Insurance Company made an underwriting loss of £2.1m for the full year 2021 according to its solvency and financial condition report. https://www.insuranceage.co.uk/insurer/7947531/das-lei-reports-comprehensive-ps43m-loss-for-2021
https://www.insuranceage.co.uk/insurer/7947531/das-lei-reports-comprehensive-ps43m-loss-for-2021Tue, 17 May 2022 12:18:15 +0100Premier League football clubs open court claim against insurersA suite of football clubs including Arsenal, Aston Villa, Brighton & Hove Albion, Leicester, Liverpool, Tottenham and West Ham have filed a claim in the commercial court against Allianz, Aviva, CNA, Liberty, MS Amlin and Zurich. https://www.insuranceage.co.uk/insight/7947561/premier-league-football-clubs-open-court-claim-against-insurers
https://www.insuranceage.co.uk/insight/7947561/premier-league-football-clubs-open-court-claim-against-insurersTue, 17 May 2022 12:17:42 +0100Burnley and Blackburn CII branch to closeThe Chartered Insurance Institute of Burnley and Blackburn is to close its doors, Insurance Age can reveal. https://www.insuranceage.co.uk/insurer/7947506/burnley-and-blackburn-cii-branch-to-close
https://www.insuranceage.co.uk/insurer/7947506/burnley-and-blackburn-cii-branch-to-closeTue, 17 May 2022 10:36:02 +0100FCA warns on Allianz Global Corporate cloneThe Financial Conduct Authority has issued an alert that fraudsters are claiming to be Allianz Global Corporate and Speciality SE, the European Economic Area authorised firm. https://www.insuranceage.co.uk/insurer/7947526/fca-warns-on-allianz-global-corporate-clone
https://www.insuranceage.co.uk/insurer/7947526/fca-warns-on-allianz-global-corporate-cloneMon, 16 May 2022 16:40:26 +0100CII posts £4.4m loss for 2021The Chartered Insurance Institute has revealed a return to operating surplus but a £4.4m group loss for 2021 as it was hit by pension costs of £6.64m and a tax charge of £1.98m. https://www.insuranceage.co.uk/insight/7947496/cii-posts-ps44m-loss-for-2021
https://www.insuranceage.co.uk/insight/7947496/cii-posts-ps44m-loss-for-2021Mon, 16 May 2022 11:41:56 +0100County Group make third deal of the year with Marsh and Co County Group, which is part of GRP, has purchased broker Marsh and Co, and its MGA, Ginger Markets, for an undisclosed sum.
https://www.insuranceage.co.uk/insurer/7947491/county-group-make-third-deal-of-the-year-with-marsh-and-co
https://www.insuranceage.co.uk/insurer/7947491/county-group-make-third-deal-of-the-year-with-marsh-and-coMon, 16 May 2022 11:06:42 +0100Aviva takes Ryan Birbeck from Axa as Karen Jackman departsKaren Jackman, regional distribution director, has decided to leave Aviva after a career spanning 31 years and the insurer has also recruited Ryan Birbeck as regional broker director, Insurance Age can reveal. https://www.insuranceage.co.uk/insight/7947461/aviva-takes-ryan-birbeck-from-axa-as-karen-jackman-departs
https://www.insuranceage.co.uk/insight/7947461/aviva-takes-ryan-birbeck-from-axa-as-karen-jackman-departsFri, 13 May 2022 15:48:34 +0100Home insurance prices fall to record lows, says ABIThe average price paid in the UK for buildings insurance in the first quarter of the year dropped by 7% compared to Q1 2021 with contents insurance down 11%, according to the latest Household Insurance Premium Tracker from the Association of British Insurers. https://www.insuranceage.co.uk/insurer/7947456/home-insurance-prices-fall-to-record-lows-says-abi
https://www.insuranceage.co.uk/insurer/7947456/home-insurance-prices-fall-to-record-lows-says-abiFri, 13 May 2022 14:56:01 +0100Superscript launches ‘Daylight’ for digital asset businesses Superscript has staked a claim to be the first Lloyd’s broker to launch a product dedicated to distributed ledger technology, digital asset, and blockchain businesses. https://www.insuranceage.co.uk/insurer/7947451/superscript-launches-daylight-for-digital-asset-businesses
https://www.insuranceage.co.uk/insurer/7947451/superscript-launches-daylight-for-digital-asset-businessesFri, 13 May 2022 11:53:51 +0100Allianz puts Home & Legacy up for saleAllianz is exploring options for Home & Legacy which could include a sale with high net worth not being seen as a core strategy for the current owners, Insurance Age can reveal. https://www.insuranceage.co.uk/insight/7947446/allianz-puts-home-legacy-up-for-sale
https://www.insuranceage.co.uk/insight/7947446/allianz-puts-home-legacy-up-for-saleFri, 13 May 2022 11:04:11 +0100People Moves: 9 - 13 May 2022Keep up-to-date with the latest job changes in insurance. https://www.insuranceage.co.uk/insight/7947166/people-moves-9-13-may-2022
https://www.insuranceage.co.uk/insight/7947166/people-moves-9-13-may-2022Fri, 13 May 2022 10:16:15 +0100RSA’s Alex Hardy commits to developing the right products for brokersThe sales and distribution director said that the insurer was focused on creating the products brokers need as it works to improve its broker proposition. https://www.insuranceage.co.uk/insurer/7947406/rsas-alex-hardy-commits-to-developing-the-right-products-for-brokers
https://www.insuranceage.co.uk/insurer/7947406/rsas-alex-hardy-commits-to-developing-the-right-products-for-brokersThu, 12 May 2022 15:05:14 +0100Acrisure lifts the lid on network rollout and broker buying plansAcrisure is forming a network and its application to the Financial Conduct Authority is “going in now”, president of UK retail Mark McIlquham, has revealed. https://www.insuranceage.co.uk/insight/7947401/acrisure-lifts-the-lid-on-network-rollout-and-broker-buying-plans
https://www.insuranceage.co.uk/insight/7947401/acrisure-lifts-the-lid-on-network-rollout-and-broker-buying-plansThu, 12 May 2022 12:17:52 +0100BHL-backed Coral Insurance opens for businessSpecialist legal expenses provider Coral Insurance, backed by Allianz, began trading this week with the aim of making LEI a “valued, must have” for UK consumers and targeting 15% of the market. https://www.insuranceage.co.uk/insurer/7947391/bhl-backed-coral-insurance-opens-for-business
https://www.insuranceage.co.uk/insurer/7947391/bhl-backed-coral-insurance-opens-for-businessThu, 12 May 2022 10:36:29 +0100FCA does not want to be a price regulator, says Sheldon MillsSheldon Mills, executive director – consumers and competition at the Financial Conduct Authority, has stressed to brokers that the watchdog does not want to be a price regulator. https://www.insuranceage.co.uk/insight/7947386/fca-does-not-want-to-be-a-price-regulator-says-sheldon-mills
https://www.insuranceage.co.uk/insight/7947386/fca-does-not-want-to-be-a-price-regulator-says-sheldon-millsThu, 12 May 2022 09:46:25 +0100Amanda Blanc reveals sexism got worse as she took more senior roles The Aviva CEO responded to a story which showed that Aviva chairman, George Culmer, chided shareholders for inappropriate comments about Blanc and female board members at a recent AGM. https://www.insuranceage.co.uk/voices/7947346/amanda-blanc-reveals-sexism-got-worse-as-she-took-more-senior-roles
https://www.insuranceage.co.uk/voices/7947346/amanda-blanc-reveals-sexism-got-worse-as-she-took-more-senior-rolesWed, 11 May 2022 16:13:37 +0100Biba launches underinsurance guideThe British Insurance Brokers’ Association has launched a guide to support brokers in helping their customers avoid the risks associated with being underinsured. https://www.insuranceage.co.uk/insight/7947336/biba-launches-underinsurance-guide
https://www.insuranceage.co.uk/insight/7947336/biba-launches-underinsurance-guideWed, 11 May 2022 12:05:17 +0100MGAA boss Keating pushing for more as membership growth continuesThe Managing General Agents’ Association is approaching 350 members with plenty of scope remaining for further growth, CEO Mike Keating told Insurance Age. https://www.insuranceage.co.uk/insight/7947326/mgaa-boss-keating-pushing-for-more-as-membership-growth-continues
https://www.insuranceage.co.uk/insight/7947326/mgaa-boss-keating-pushing-for-more-as-membership-growth-continuesWed, 11 May 2022 11:16:09 +0100Backpage - May 2022Meet our pet of the month, learn about the industry's charity endeavours and take a look at the lighter side of insurance https://www.insuranceage.co.uk/broker/7946476/backpage-may-2022
https://www.insuranceage.co.uk/broker/7946476/backpage-may-2022Tue, 10 May 2022 09:15:30 +0100Biba launches drone schemeThe British Insurance Brokers Association has teamed up with Coverdrone to offer its members access to drone insurance products.
https://www.insuranceage.co.uk/insurer/7947201/biba-launches-drone-scheme
https://www.insuranceage.co.uk/insurer/7947201/biba-launches-drone-schemeMon, 09 May 2022 16:41:24 +0100Investec enters premium finance spaceInvestec Premium Finance focuses on providing funding for commercial insurance policies and accommodating personal lines, all offered via regulated insurance brokers. https://www.insuranceage.co.uk/technology/7947191/investec-enters-premium-finance-space
https://www.insuranceage.co.uk/technology/7947191/investec-enters-premium-finance-spaceMon, 09 May 2022 15:06:13 +0100AUB Group to purchase Tysers for £500mThe Lloyd’s wholesale broker has entered a binding agreement to be bought by AUB. https://www.insuranceage.co.uk/broker/7947176/aub-group-to-purchase-tysers-for-ps500m
https://www.insuranceage.co.uk/broker/7947176/aub-group-to-purchase-tysers-for-ps500mMon, 09 May 2022 11:44:00 +0100GS Group buys Dundee-based StrathtayFamily run business, Strathtay Insurance Brokers, has been bought by Perth-headquartered GS Group. https://www.insuranceage.co.uk/insurer/7947141/gs-group-buys-dundee-based-strathtay
https://www.insuranceage.co.uk/insurer/7947141/gs-group-buys-dundee-based-strathtayFri, 06 May 2022 13:05:53 +0100Coplus rolls out product development platformCoplus has targeted brokers as it launched a go-to-market platform claiming it cuts the time needed to develop ancillary products to three months. https://www.insuranceage.co.uk/broker/7947131/coplus-rolls-out-product-development-platform
https://www.insuranceage.co.uk/broker/7947131/coplus-rolls-out-product-development-platformFri, 06 May 2022 12:19:31 +0100People Moves: 3 - 6 May 2022Keep up-to-date with the top personnel stories on Insurance Age. https://www.insuranceage.co.uk/insight/7946926/people-moves-3-6-may-2022
https://www.insuranceage.co.uk/insight/7946926/people-moves-3-6-may-2022Thu, 05 May 2022 10:52:18 +0100Landmark Underwriting makes two buysLandmark Underwriting has revealed its first two deals after raising debt financing through SME lender BOOST&Co. https://www.insuranceage.co.uk/insight/7947081/landmark-underwriting-makes-two-buys
https://www.insuranceage.co.uk/insight/7947081/landmark-underwriting-makes-two-buysThu, 05 May 2022 10:09:27 +0100Opinion: The importance of the right chemistry for schemes and DAsAxa UK’s Gary Head explains why the formula must be right to achieve long-term success https://www.insuranceage.co.uk/voices/7946566/opinion-the-importance-of-the-right-chemistry-for-schemes-and-das
https://www.insuranceage.co.uk/voices/7946566/opinion-the-importance-of-the-right-chemistry-for-schemes-and-dasThu, 05 May 2022 09:59:05 +0100
