Posts

Showing posts from August, 2022

Iprism integrates with Acturis

Managing general agent Iprism has added its tradesman, contractors and professionals product to the Acturis trading platform. from Insurer - insuranceage.co.uk https://ift.tt/EZN3ydG

Zego partners with QBE

Zego has partnered with QBE to expand its fleet insurance offerings. from Insurer - insuranceage.co.uk https://ift.tt/lnSrVNJ

Ecclesiastical adds to HNW offering

Specialist insurer Ecclesiastical has launched a new enhanced Art and Private Client policy to the market. from Insurer - insuranceage.co.uk https://ift.tt/SlfwOgV

Worries remain on subsidence but claims volume still uncertain

Earlier this month LV released figures showing that subsidence cases were up by 205% between June and July, and warned that they were likely to increase even more. from Insurer - insuranceage.co.uk https://ift.tt/OtUCWaY

Romero on track to double its business

Managing director, Simon Mabb has revealed that Romero is on track to achieve its five year plan of doubling its business by 2025. from Insurer - insuranceage.co.uk https://ift.tt/lB5Y0bJ

Aston Lark buys AJ Insurance Service

Aston Lark, a Howden company, has acquired Essex-based AJ Insurance Services for an undisclosed sum. from Insurer - insuranceage.co.uk https://ift.tt/0yPK8qj

Insurers hit back at Covid-hit football clubs over “mistaken approach”

Insurers have argued that BI claims from Premier League clubs should be capped at £2.5m per policy amid a court battle. from Insurer - insuranceage.co.uk https://ift.tt/wECPOaU

People Moves: 22-26 August 2022

Keeping you up-to-date with the latest insurance moves. from Insurer - insuranceage.co.uk https://ift.tt/A5s0KXu

Blog: Why recruitment is the major challenge for the incoming CII head

Crescens George, of Wiser Academy , explains why recruitment must be the top priority for the new Chartered Insurance Institute boss as he calls for training to be more accessible. from Insurer - insuranceage.co.uk https://ift.tt/DlWVtKq

Two-fifths of London businesses at risk of flash flooding

Research by Zurich has revealed that two-fifths of London businesses are at risk of being hit by flash floods as heavy rainfall is predicted to hit the capital. from Insurer - insuranceage.co.uk https://ift.tt/5t1U9vw

People Moves: 15-19 August 2022

Keeping you up to date with the top personnel changes in insurance. from Insurer - insuranceage.co.uk https://ift.tt/FI7fG1m

Markel adapts charity and community groups product

Markel has doubled the income threshold at which charities and community groups can access its cover via its eTrade facility from £1m to £2m. from Insurer - insuranceage.co.uk https://ift.tt/AQhd0lT

Zurich UK appoints Sam Thomas as head of retail underwriting

Zurich UK has named Sam Thomas, who is currently head of mid-market, as head of retail underwriting, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/mlVjv6e

Smyth flags M&A opportunity following UK General deal

UK General is planning to grow via M&A, new products and bring in fresh teams following investment by RCapital and Montague according to CEO Tim Smyth. from Insurer - insuranceage.co.uk https://ift.tt/c0zYSw6

Private equity duo buys UK General plus Precision Partnership

UK General has been acquired by Montague and RCapital Partners from Primary Group for an undisclosed sum. from Insurer - insuranceage.co.uk https://ift.tt/fL7zsXI

Experts warn that cost of living crisis could increase ghost broking cases

The sky-rocketing cost of living and the longer term economic effects of the pandemic could lead to an increase in ghost broking, experts have warned. from Insurer - insuranceage.co.uk https://ift.tt/YMDI2L5

LV issues fire and subsidence warning amid heatwave

LV Insurance has warned that the claims for heat and fire have increased due to the extreme weather the UK is currently experiencing. from Insurer - insuranceage.co.uk https://ift.tt/yK7Wmrw

Biba adds eSentire as associate

The British Insurance Brokers' Association has added eSentire as an associate to offer members support on cybersecurity. from Insurer - insuranceage.co.uk https://ift.tt/pbAg5dt

Top 5 read stories: 8-12 August 2022

The top five most read stories by brokers this week. from Insurer - insuranceage.co.uk https://ift.tt/4kRUOfo

People Moves: 8-12 August 2022

Keeping you up to date with the latest insurance moves. from Insurer - insuranceage.co.uk https://ift.tt/bT1Dd7c

Policy Expert targets doubling within five years, says CEO Steve Hardy

Policy Expert is aiming to double its one million customer count through further organic growth, adding new lines and potentially international expansion and acquisitions in the next five years, according to CEO Steve Hardy. from Insurer - insuranceage.co.uk https://ift.tt/5G9tpQk

Aviva UK sees COR deteriorate and operating profit slip

Aviva UK’s combined operating ratio for H1 2022 has deteriorated to 95.6% and operating profit dropped to £159m from £169m in the same period last year. from Insurer - insuranceage.co.uk https://ift.tt/5ZUBsS3

Registration opens for 2022 Dive In festival

Diversity initiative Dive In has opened registration for its 2022 festival as it calls on the insurance industry to build braver cultures. from Insurer - insuranceage.co.uk https://ift.tt/rJSpshk

C-Quence adds excess D&O product

Digital managing general agent C-Quence has added excess D&O to its financial lines product range. from Insurer - insuranceage.co.uk https://ift.tt/J8wqcO7

FOI reveals scale of FCA investigation into leaseholder insurance

A Freedom of Information request by Insurance Age has revealed that the Financial Conduct Authority has held 59 meetings, 10 workshops, engaged Deloitte as a consultant and had up to 31 employees working on its ongoing investigation into multi-occupancy buildings insurance. from Insurer - insuranceage.co.uk https://ift.tt/p0LHszU

People Moves: 1-5 August 2022

Stay informed of the top personnel changes in insurance. from Insurer - insuranceage.co.uk https://ift.tt/5wqZdhu

Aviva strikes Azur HNW deal after exclusive talks

Aviva has penned a deal to buy Azur Underwriting’s high net worth personal lines business in the UK and Ireland. from Insurer - insuranceage.co.uk https://ift.tt/uRQPZ8E

Clear buys GSI Commercial Services

Clear Group has bought GSI Commercial Services in its first deal to complete since Goldman Sachs invested in the broker last month. from Insurer - insuranceage.co.uk https://ift.tt/W9bDHuE

FCA letter sets out scale of watchdog’s fair value assessment frustrations

The Financial Conduct Authority has revealed one-in-three insurance manufacturers are leaving fair value assessments to the last minute causing a risk of harm to consumers. from Insurer - insuranceage.co.uk https://ift.tt/f2kiDXv

Property pricing up 6% in Q2

Insurance pricing in the UK increased by 11% in the second quarter of the year but this was down on the 20% rise in Q1 of 2022, according to the latest research by Marsh. from Insurer - insuranceage.co.uk https://ift.tt/ILJez9M

Brokers given three months ‘forbearance’ as FCA hits out at insurer fair value delay failures

The Financial Conduct Authority has criticised insurers’ timings on product governance and fair value assessments ahead of the 30 September deadline for them to be in place as it gave brokers a three-month extension under specific circumstances. from Insurer - insuranceage.co.uk https://ift.tt/O72lv3X