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Showing posts from July, 2025

Sabre CEO promises sophisticated prices to brokers

Sabre Insurance Group CEO Geoff Carter has announced plans to offer brokers “even more sophisticated” pricing through a new platform, as he sets his sights on achieving £48m in profit by the end of 2025. from Insurer - insuranceage.co.uk https://ift.tt/J3UXRNB

Sabre reports 26.2% profit growth as GWP dips

Sabre Insurance Group reported a 26.2% increase in profit before tax to £25.5m, despite a decline in gross written premiums, according to its 2025 half-year report. from Insurer - insuranceage.co.uk https://ift.tt/2AYUKOP

Could the MGA explosion be slowed down by an indifference to claims?

MGAs have become all the rage, with a growth predicated by a rise in fronter and insurer capital/capacity and broker belief that they offer greater front-end service. However, are strains starting to show at the back end when it comes to the moment of truth, the claim? Saxon East investigates. from Insurer - insuranceage.co.uk https://ift.tt/sAMrWi7

Property payouts hit £1.6bn in second quarter

Insurers paid out £1.6bn for property insurance claims during the second quarter of the year, research from the Association of British Insurers has shown. from Insurer - insuranceage.co.uk https://ift.tt/2RCxyK0

Home insurance premiums flat in Q2 – ABI

The average price of combined building and contents home insurance was stable in the second quarter of 2025 at £391, according to the Association of British Insurers. from Insurer - insuranceage.co.uk https://ift.tt/9kgsmz0

Windstorm Éowyn cost the insurance market €747m – Perils

Perils, a Zurich-based organisation providing industry-wide catastrophe insurance data, has raised its estimate for the insurance market loss from windstorm Éowyn to €747m (£650.27m), from €696m previously. from Insurer - insuranceage.co.uk https://ift.tt/MJDze8B

Bridgehaven makes first acquisition

Hybrid fronting insurer Bridgehaven has signed up for its first buy, to snap up Dublin-based insurer SureStone Insurance for an undisclosed amount. from Insurer - insuranceage.co.uk https://ift.tt/GJ6kUXi

MGA Arkel secures £120m AmTrust capacity

Specialist managing general agent Arkel has secured an increased limit of £120m gross written premium of A-rated capacity with AmTrust over the next three years for non-standard household insurance. from Insurer - insuranceage.co.uk https://ift.tt/2BtnluI

South African insurer relaunches in the UK

Santam, Africa’s largest short-term insurer, has been granted in principle approval by Lloyd’s to launch Santam Syndicate 1918. from Insurer - insuranceage.co.uk https://ift.tt/8S1TlqV

Experts respond to ‘much ado about nothing’ FCA premium finance review

“After weeks of speculation, the overall feeling is one of ‘much ado about nothing’ – especially if you’re a firm doing the right thing,” said Michael Sicsic, managing partner of Sicsic Advisory, on the Financial Conduct Authority’s premium finance market study update. from Insurer - insuranceage.co.uk https://ift.tt/CT60Vpl

MGU teams up with HSB for construction launch

Victor Insurance UK has launched a contractors all risks insurance product targeting contractors and subcontractors with up to £20m in annual revenue. from Insurer - insuranceage.co.uk https://ift.tt/EK41eND

No broker commission bans or compulsory 0% APRs on premium finance, says FCA

The Financial Conduct Authority has confirmed it is not going down the route of banning broker commission in premium finance and will not be forcing a 0% annual percentage rate or introducing a single level market-wide cap. from Insurer - insuranceage.co.uk https://ift.tt/gRs017p

Aviva leans into digital with enhanced freight liability insurance launch

Aviva Global, Corporate and Specialty has rolled out freight liability insurance on Acturis for the first time alongside making the enhanced version available on Fast Trade. from Insurer - insuranceage.co.uk https://ift.tt/bXsaSFt

Fairer Finance calls for government intervention on “discriminatory” insurance pricing models

Fairer Finance has tackled unfair and discriminatory pricing models driving a “poverty premium”, and called for the government and regulators to intervene as it made five recommendations. from Insurer - insuranceage.co.uk https://ift.tt/xnbrKAl

Flood Re posts 20% policy growth to new record but profits down

Flood Re has posted a 43% fall in pre-tax profit to £13.5m as rising reinsurance costs more than outweighed lower claims costs in the year ended 31 March 2025. from Insurer - insuranceage.co.uk https://ift.tt/D9zui6H

UK brokers and MGAs rebranded “to drive scale”

HW Kaufman Group has unveiled plans to consolidate its broking and underwriting brands outside of North America. from Insurer - insuranceage.co.uk https://ift.tt/YWAqTki

CFC eyeing up £5bn+ London Stock Exchange listing – FT

CFC is exploring options including listing on the London Stock Exchange, according to the Financial Times. from Insurer - insuranceage.co.uk https://ift.tt/Kysq45J

Aviva doubles offshore renewable energy capacity to £150m

Aviva has doubled its offshore renewable energy capacity to £150m, with Roberts Proskovics appointed to lead the insurer’s renewable energy team. from Insurer - insuranceage.co.uk https://ift.tt/Ph0pTUa

Insurers backing Biba’s disclosure guidance – Trudgill

Every insurer partner has responded positively to the British Insurance Brokers’ Association’s good practice guide on a clearer approach to disclosure, CEO Graeme Trudgill told Insurance Age as the trade body delivered on its commitment to meet each provider and push for change. from Insurer - insuranceage.co.uk https://ift.tt/Dry19PF

Blog: Shifting the lens on AI transformation

In all the talk of AI transformation, there’s a tendency to focus on the incremental gains: its role in enhancing the customer experience, business intelligence, fraud detection, predictive modelling and pricing, driving competitive advantage. But is this approach really the best way of achieving broking transformation, asks Nigel Phillips, CEO of CDL. from Insurer - insuranceage.co.uk https://ift.tt/SjaJOUw

Ex-Lloyd’s CEO John Neal heads to AIG, reversing Aon move

John Neal is set to join AIG as president effective 1 December 2025, having previously been destined for Aon. from Insurer - insuranceage.co.uk https://ift.tt/WzV52gB

Markerstudy confirms CFO switch

Markerstudy Group has named Keith Barber as interim chief financial officer succeeding Fernley Dyson who has moved to be CFO of Tradex-owner Saturn Holdings, part of backer Pollen Street’s portfolio of companies. from Insurer - insuranceage.co.uk https://ift.tt/pFBzkqQ

Accelerant IPO could hit $578.9m

Accelerant has revealed the share price of its initial public offering is expected to range from $18 (£14.9) to $20 meaning the top end total could reach $578.9m. from Insurer - insuranceage.co.uk https://ift.tt/siYNWgJ

Education key as AI adoption faster than ever, says CFC’s Radu

Focusing on the end client and education programmes spanning policyholders, brokers and insurers is key to success as companies ramp up the use of artificial intelligence, CFC head of technology Aura Radu told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/l57NChJ

Liberty launches crypto protection product

Liberty Specialty Markets has launched a dedicated product for financial institutions operating in the cryptocurrency market. from Insurer - insuranceage.co.uk https://ift.tt/2iP3QMs

Interview: ERS managing director Martin Hall

The newly appointed ERS managing director Martin Hall speaks to Jonathan Swift about how it plans to maintain its profitable growth through embracing data/technology, focusing on opportunities in mobility innovation and being the go-to market for brokers seeking to place specialist motor risks. from Insurer - insuranceage.co.uk https://ift.tt/nbrNRas

Axa’s Walker and Aviva’s Storah tackle monthly payments, flooding and Consumer Duty in parliamentary session

Jon Walker, CEO of Axa Commercial, has highlighted the valuable service of pay monthly options, and urged the government to increase flood defence spending, in a parliamentary session held earlier this week. from Insurer - insuranceage.co.uk https://ift.tt/zRFOcwr

People Moves: 7 – 11 July 2025

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

Liberty moves into HNW market

Liberty Specialty Markets has launched into the UK high-net-worth market, expanding on its fine art and specie offering. from Insurer - insuranceage.co.uk https://ift.tt/Nj18oGI

Interview: Georgina Davis, head of regional market for the Midlands, South West and Wales at Zurich

In her first interview since taking up the post of head of regional market for the Midlands, South West and Wales at Zurich, Georgina Davis tells Insurance Age about the goal of smashing the 30% growth target and her route to the “coming home” role. from Insurer - insuranceage.co.uk https://ift.tt/lckMZ6Y

Petchey: “Strong demand” in schemes gives Markel opportunity to diversify

Mike Petchey, head of schemes at Markel, is seeing “strong demand” in the market, highlighting the number of possibilities when it comes to schemes is enormous. from Insurer - insuranceage.co.uk https://ift.tt/nDzYHkU

Markel adds pre-loss services to Cyber360

Markel has launched its pre-loss services for UK Cyber360 policyholders, to help clients minimise cyber risks. from Insurer - insuranceage.co.uk https://ift.tt/oNekVr5

CRC signs up to buy Atrium

US firm CRC Group has signed up to buy Lloyd’s insurer Atrium, in a deal expected to close in the third quarter of this year. from Insurer - insuranceage.co.uk https://ift.tt/3k8EJva

Underwriting discipline key for MGAs

Gavin Dollings, chief underwriting officer at Rockstone Commercial, has highlighted that “flawless execution” of underwriting discipline is key for managing general agents as brokers want consistency of appetite. from Insurer - insuranceage.co.uk https://ift.tt/BtIS2wy

Broker pot FSCS compensation ticks up to over £700,000

Claims against the general insurance distribution class, in which brokers sit, resulted in the Financial Services Compensation Scheme paying out £722,000 in the year ended 31 March 2025. from Insurer - insuranceage.co.uk https://ift.tt/k8D4wOB

People Moves: 30 June – 4 July 2025

Keep up to date with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/EFbN4Pw

Over half of carriers expect to increase MGA capacity between now and 2027

Almost three in five (57%) of carriers are set to increase managing general agent capacity in the next two years, according to a new survey. from Insurer - insuranceage.co.uk https://ift.tt/uQgPjLF

SRG buys Generation Underwriting from WF Risk Group

Specialist Risk Group has bought Newcastle-based managing general agent Generation Underwriting from WF Risk Group. from Insurer - insuranceage.co.uk https://ift.tt/ZqfQCvr

Aviva names Owen Morris UK personal lines CEO as Direct Line deal completes

Owen Morris has been appointed CEO of UK personal lines at Aviva as the Direct Line takeover went through. from Insurer - insuranceage.co.uk https://ift.tt/GIkX19R

CMA greenlights Aviva’s takeover of DLG

The Competition and Markets Authority has today cleared Aviva’s takeover of Direct Line Group. from Insurer - insuranceage.co.uk https://ift.tt/Wp5stcB

MGA backer Accelerant files for IPO in US

Risk exchange platform and capacity provider Accelerant, a major player in the UK managing general agents market, has revealed plans for an IPO in the US. from Insurer - insuranceage.co.uk https://ift.tt/snlw1NZ