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Axa’s withdrawal from the motorbike market next month has again raised questions about a potential capacity crunch for those brokers insuring two-wheelers. Saxon East explores what effect this and other trends are having on the sector. from Insurer - insuranceage.co.uk https://ift.tt/0SDk7Vl

The industry needs to make it clear to consumers why premiums are rising according to specialists at the Association for British Insurers’ annual conference. from Insurer - insuranceage.co.uk https://ift.tt/h3naGx7

Ageas has reported a 20% hike in UK gross written premiums to €1.49bn (£1.27bn) for 2023 as profits in the European division rose. from Insurer - insuranceage.co.uk https://ift.tt/1Y5SRhC

Hiscox has appointed Cath Frost as UK chief operating officer from RSA, where she was mid-market managing director for UK commercial lines. from Insurer - insuranceage.co.uk https://ift.tt/DkKI5V7

RSA Insurance has made a number of changes to its commercial lines leadership team ahead of the completion of the takeover of NIG and FarmWeb. from Insurer - insuranceage.co.uk https://ift.tt/wj6ZAlE

Experts at the Association of British Insurers’ annual conference have urged that everyone working together is what will improve the poverty gap. from Insurer - insuranceage.co.uk https://ift.tt/l0Ot4wr

The Financial Conduct Authority has committed to carrying out enforcement cases more quickly as it opened a consultation on a “step change” in being more transparent when opening an investigation into a firm. from Insurer - insuranceage.co.uk https://ift.tt/wCLVS7M

Amphitrite Underwriting London has confirmed receiving full authorisation from the Financial Conduct Authority on 31 January 2024. from Insurer - insuranceage.co.uk https://ift.tt/nw7litX

Property and fleet rates remain stubbornly high as shown by the latest Q4 figures from the Acturis Commercial Lines Index, Rachel Gordon reports. from Insurer - insuranceage.co.uk https://ift.tt/cUSkeJF

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. from Insurer - insuranceage.co.uk https://ift.tt/szklNxp

Allianz Holdings grew gross written premiums by 7.4% in 2023 as operating profits jumped 65% reversing the fall in 2022. from Insurer - insuranceage.co.uk https://ift.tt/g3l21Kh

C-Quence has unveiled ML6 enhancing its management liability offering with a legal expenses module and the addition of a range of client support services. from Insurer - insuranceage.co.uk https://ift.tt/PwKLQl3

Zurich UK has reported a 9% rise in property and casualty gross written premiums to £3.72bn for 2023. from Insurer - insuranceage.co.uk https://ift.tt/POX9ega

Ian Summerfield, head of cyber at Pen Underwriting, on how brokers and providers must work together to move the dial of SME cyber insurance. from Insurer - insuranceage.co.uk https://ift.tt/kChSNVf

QBE has reported a 17% rise in net insurance revenue and gross written premiums for international business in 2023. from Insurer - insuranceage.co.uk https://ift.tt/Uli67Lk

Aggregator Moneysupermarket grew insurance revenue by 28% to £220m last year as group revenue rose 11%. from Insurer - insuranceage.co.uk https://ift.tt/L5QI87t

Ansvar has launched a business, office and retail policy designed for business activities of social enterprises, commercial organisations, shops and offices. from Insurer - insuranceage.co.uk https://ift.tt/o8nQFuC

Keep up to date on the latest personnel changes in insurance. from Insurer - insuranceage.co.uk https://ift.tt/l0etLB2

Dual UK has appointed Catherine Dixon as chief underwriting officer and Rob Corner to the new role of chief distribution officer, reporting to CEO Simon McGinn. from Insurer - insuranceage.co.uk https://ift.tt/bKvGogM

Allianz has created an in-house financial lines claims team for the first time, focusing on directors & officers and professional indemnity business. from Insurer - insuranceage.co.uk https://ift.tt/kSFJnER

The Financial Conduct Authority intervened to get 10,008 financial adverts and other promotions withdrawn or changed in 2023, a year-on-year rise of 17%. from Insurer - insuranceage.co.uk https://ift.tt/4O60oXp

No Financial Conduct Authority authorisation metrics were rated red in the third quarter of 2023/24, with brokers also seeing an improvement in most key areas affecting the sector. from Insurer - insuranceage.co.uk https://ift.tt/NcpgyYq

Allianz Commercial detected £77.4m worth of claims fraud in 2023 - up from £70.7m in 2022 - with application fraud savings of £1.95m. from Insurer - insuranceage.co.uk https://ift.tt/1neS6Ql

Managing general agent Loadsure has launched Columbia, a motor truck cargo and logistics services insurance. from Insurer - insuranceage.co.uk https://ift.tt/Rly6QsV

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/Ec0NTYi

The Competition & Markets Authority has opened an investigation into the anticipated acquisition by Aviva of AIG Life. from Insurer - insuranceage.co.uk https://ift.tt/KCoeUYx

The average price of home insurance rose 4% in the fourth quarter of 2023, according to the latest Household Premium Tracker from the Association of British Insurers. from Insurer - insuranceage.co.uk https://ift.tt/Yi7nmjF

NFU Mutual has named Zoe Knight as its first head of commercial as the insurer looks to push forward in the commercial market. from Insurer - insuranceage.co.uk https://ift.tt/i5bl094

Having just completed five years as managing director of Polaris, Vivek Banga has promised more developments from the “core and essential” digital trading offering in 2024 after £2.5m of investment last year. from Insurer - insuranceage.co.uk https://ift.tt/wWcqVBp

Insurance industry owned Polaris has revealed a 21% jump in premiums placed through its digital trading platform imarket to £394m in 2023 as policies broke through the half a million barrier. from Insurer - insuranceage.co.uk https://ift.tt/2LTJAcf

RSA Insurance has announced that Sonya Bryson will replace Lee Mooney as commercial lines managing director, effective from 1 May 2024, subject to regulatory approval. from Insurer - insuranceage.co.uk https://ift.tt/CVw0B2H

Markerstudy has confirmed to Insurance Age that it plans to withdraw from the short-term motor insurance market. from Insurer - insuranceage.co.uk https://ift.tt/MXFhmOK

Aviva’s 2023 actions will see it move up the gears with brokers this year, according to leaders Ryan Birbeck and Michael Yabantu. from Insurer - insuranceage.co.uk https://ift.tt/jx4W6FA

AM Best is reviewing the ratings of Folgate Insurance after the takeover by Hadron, flagging Folgate is expected to be “strategically important” to the US hybrid carrier. from Insurer - insuranceage.co.uk https://ift.tt/DK2to06

Keep up to date with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/mdqIP6A

Hybrid carrier Hadron, which launched in 2023, has bought Folgate Insurance Company for an undisclosed sum. from Insurer - insuranceage.co.uk https://ift.tt/zXYD9BE