Insurance Wiki How

Onex Partners has completed its acquisition of fronting business Accredited. from Insurer - insuranceage.co.uk https://ift.tt/xA8b3oB

Acturis has posted a £22.75m rise in revenue for 2023 to £144.1m, its 22nd consecutive year of growth. from Insurer - insuranceage.co.uk https://ift.tt/ZUift9B

Brokers are lagging in educating commercial motor clients on the best practice when it comes to first notification of loss procedures. from Insurer - insuranceage.co.uk https://ift.tt/zSZs4Le

Keep up to date with personnel moves within the insurance industry. from Insurer - insuranceage.co.uk https://ift.tt/K1rX879

CDL grew revenue by 6.9% to £59.54m in the year ended 30 September 2023, however profit after tax dropped for the second consecutive year to £10.01m. from Insurer - insuranceage.co.uk https://ift.tt/cR9jGyI

C-Quence is looking to “unleash the breadth” of its digital capabilities and target more schemes business having switched capacity provider for its property and casualty and property owners propositions. from Insurer - insuranceage.co.uk https://ift.tt/QLy3TGY

Specialty managing general agent Optio Group has swooped for Axa UK commercial director Deepak Soni as its new CEO. from Insurer - insuranceage.co.uk https://ift.tt/vnIkf1M

The Financial Conduct Authority has found many firms need to make improvements in their monitoring to enable them to determine whether they are delivering good outcomes for retail customers, as required by the Consumer Duty. from Insurer - insuranceage.co.uk https://ift.tt/jrEAwsg

CannGen Insurance Europe has recruited Alan Midson as development director for the UK and Europe with a remit of building out the company’s network of brokers in all legalised countries. from Insurer - insuranceage.co.uk https://ift.tt/uJKqI1B

Aviva spotted fraud on more than 51,000 motor policy applications last year, up 64% on its 2022 detection figures, the insurer has revealed. from Insurer - insuranceage.co.uk https://ift.tt/J9VLBk7

The year has started with almost no average premium growth in commercial combined while fleet and property owners have powered ahead, according to the latest statistics from Acturis. from Insurer - insuranceage.co.uk https://ift.tt/tpMekPo

Sompo has recruited Allan Murley as head of UK insurance distribution from Axa XL to join in the fourth quarter of the year. from Insurer - insuranceage.co.uk https://ift.tt/yZwBWcR

RSA expects any “clunkiness” in how it handles brokers seeking quotes from both itself and merger partner NIG for the same business to improve materially from next month. from Insurer - insuranceage.co.uk https://ift.tt/mj5S2t6

Direct Line Group has named Maz Bown as group chief risk officer, subject to regulatory approval, joining from Aviva where she was chief risk officer, UK General Insurance and Health. from Insurer - insuranceage.co.uk https://ift.tt/GUdcHeM

Having worked in both the insurer and MGA sectors, as well as the FCA, Kate Albert has a well-rounded view of the market. The Kova Professions CEO and founder explains to Jonathan Swift why service has become a point of difference in setting apart her start-up from more established rivals. from Insurer - insuranceage.co.uk https://ift.tt/jcfHQXD

Axa Commercial has advised London businesses to review their fire risk assessments and staff training after London Fire Brigade announced it would no longer respond to daytime activations of automatic fire alarms in most non-residential buildings from October. from Insurer - insuranceage.co.uk https://ift.tt/5P7Q8LM

Follow for the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/zxNRH5S

The insurer retrenchment from the regions might have stopped and indeed been reversed in some cases, but as Ida Axling discovers, new branches, whilst welcome, are not the answer to all the issues over broker service. from Insurer - insuranceage.co.uk https://ift.tt/QtIp7Me

Norwich-based insurtech broker Pikl has replaced its MGA capacity after signing a deal with Prestige Underwriting, backed by Aviva. from Insurer - insuranceage.co.uk https://ift.tt/MvH1goa

Accredited owner R&Q Insurance Holdings has decided to file for provisional liquidation in Bermuda and sell the fronting business through that route. from Insurer - insuranceage.co.uk https://ift.tt/10X3SLO

Managing general agent Rokstone has expanded with a global sports accident portfolio, hiring Graham Amato as underwriter for the launch. from Insurer - insuranceage.co.uk https://ift.tt/CvEZTNI

AM Best has upgraded the Financial Strength Rating of Folgate Insurance following its acquisition by US hybrid carrier Hadron. from Insurer - insuranceage.co.uk https://ift.tt/RTFXBQo

Managing general agent C-Quence has added Sompo as capacity provider for its property casualty and property owners propositions, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/CxFt65E

AM Best has confirmed that the A- (Excellent) ratings of R&Q-owned Accredited remain in place but are still under review. from Insurer - insuranceage.co.uk https://ift.tt/nS7gOK6

Panellists at the Financial Times Global Insurance Summit yesterday called for more education on and prevention of cyber risks. from Insurer - insuranceage.co.uk https://ift.tt/MisUXZ7

Arag boosted the number of risks placed by 3.6% in 2023 to 3.09m, a filing at Companies House has revealed. from Insurer - insuranceage.co.uk https://ift.tt/v70qKs9

Allianz has been voted in first place by Brokerbility members in its latest poll on service satisfaction from key insurer partners as Aviva topped the rankings in the underwriting category. from Insurer - insuranceage.co.uk https://ift.tt/RyAZrfL

Keep up to date on the latest personnel changes in insurance. from Insurer - insuranceage.co.uk https://ift.tt/2zBrEoe

Amanda Blanc, group CEO at Aviva, claimed the UK must be cautious about what happens in a post-Flood Re world come 2039. from Insurer - insuranceage.co.uk https://ift.tt/nrZvP3Q

Accredited owner R&Q Insurance Holdings has confirmed the possibility of filing for a provisional liquidation in Bermuda and then completing the sale of Accredited to Onex through that process. from Insurer - insuranceage.co.uk https://ift.tt/lZ96GHq

Sabre boss Geoff Carter tells Insurance Age about the upsides for brokers from its IHP rollout, growing in motorbikes after the collapse of MCE and profitable expansion plans in taxi. from Insurer - insuranceage.co.uk https://ift.tt/Gu0TcVJ

Wokingham-based managing general agent Focus Insurance has partnered with Markel for a construction binder. from Insurer - insuranceage.co.uk https://ift.tt/Fqbu2fr

Motor specialist Sabre is making “big investments” in insurer hosted pricing with a rollout this year and into 2025 to deploy sophisticated rates into the broker market, CEO Geoff Carter told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/SipcVXG

As we move into an even more digital world, with some insurance quotes and policies being completed strictly online, which would better help address underinsurance: re-introducing human contact or using even more new tech? Rosie Simms weighs up the arguments. from Insurer - insuranceage.co.uk https://ift.tt/NwJUqHX

Allianz Engineering Inspection Services is growing its workforce from 654 to over 800 in the next four years as it targets becoming the biggest engineer surveyor team in the UK. from Insurer - insuranceage.co.uk https://ift.tt/ElwTdY5

The average quoted price of home insurance rose by 41.6% in the 12 months to April, surging again to another new record rate for an annual rise. from Insurer - insuranceage.co.uk https://ift.tt/ltEuRSX

CFC has launched its second insurance solution for buyers of voluntary carbon credit, Carbon Cancellation Insurance. from Insurer - insuranceage.co.uk https://ift.tt/gklSC3r

Creating a data standard is “the real utopia vision”, Andy Jones, director for consulting services in insurance at CGI in the UK, told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/ALCO76X

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/WQ12IPk

Andy Bord, pictured, CEO of Flood Re, will be stepping down at its annual general meeting this July after seven years in the role. from Insurer - insuranceage.co.uk https://ift.tt/BRovbVe

Ambac Financial Group, the US-based insurance holding company, has agreed to acquire a 60% controlling stake in Beat Capital Partners, the specialist insurance underwriting and managing general agency incubator, for $282m (£220.6m). from Insurer - insuranceage.co.uk https://ift.tt/4Ape53M

Allianz Commercial has teamed up with ProMarine on a multi-product strategic underwriting and claims delegated authority agreement. from Insurer - insuranceage.co.uk https://ift.tt/JkRVQBz

Accelerant Insurance Europe recorded €780m (£664m) gross written premium for the 2023 financial year (2022: €659m), according to its latest Solvency and Financial Condition Report. from Insurer - insuranceage.co.uk https://ift.tt/I2igVUD

Specialist Risk Group’s managing general agent, MX, has sealed a capacity deal with Accredited Insurance (Europe). from Insurer - insuranceage.co.uk https://ift.tt/pmYlLFg

Pen Underwriting has bought Republic of Ireland-based managing general agent Wrightway Underwriting establishing its first on-the-ground presence in the country. from Insurer - insuranceage.co.uk https://ift.tt/3vJXDwi

The latest statistics from Acturis have shown the fleet market bucking the trend on premium increases. Whereas almost all other lines have seen hardening falling away, fleet has surged on, up by 7.9% – the highest quarterly rise on record. from Insurer - insuranceage.co.uk https://ift.tt/bnGc8qv

Stephanie Ogden is to take on responsibility for commercial and specialty business as the new CEO of HDI Global UK & Ireland from 1 September, the insurer has confirmed. from Insurer - insuranceage.co.uk https://ift.tt/gxXhvVm

Arch Insurance International has recruited Ketan Motwani from Aon as UK chief operating officer taking up the role with immediate effect. from Insurer - insuranceage.co.uk https://ift.tt/k2p6LCf

Jo Sykes, divisional director for the UK broker channel at Markel, told Insurance Age the specialist insurer has growth ambitions of around 20% a year from a UK perspective. from Insurer - insuranceage.co.uk https://ift.tt/kSF6mDl

Independent consultancy Broadstone has launched a standalone insurance, regulatory, and risk advisory division to sit alongside its existing Pensions Advisory and Administration and Employee Benefits Consulting units. from Insurer - insuranceage.co.uk https://ift.tt/WwKoIps