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Showing posts from August, 2023

Ageas posts 25% growth from ongoing UK business

Personal lines broker-focused Ageas grew its ongoing UK business by 25% in the first half of the year to €651m (£558m). from Insurer - insuranceage.co.uk https://ift.tt/AkHJOav

Direct Line takes Adam Winslow from Aviva as group CEO

Direct Line Group has swooped for Aviva’s UK & Ireland GI CEO Adam Winslow as its new chief executive. from Insurer - insuranceage.co.uk https://ift.tt/fT8uYps

Aqueous launches solicitors excess layers product

Managing general agent Aqueous Underwriting has secured A+ rated capacity for solicitors on an excess layer basis only, a move it said responded to broker demand in an “underserviced” market. from Insurer - insuranceage.co.uk https://ift.tt/gWsQYfS

Biba, ABI and government renew age signposting insurance agreement as enquiries top one million

The British Insurance Brokers’ Association has confirmed the renewal of the signposting agreement with the government and the Association of British Insurers to help older people find car or travel cover. from Insurer - insuranceage.co.uk https://ift.tt/GzZXRju

Insurance scams totalling £1.1bn detected in 2022

The value of the average insurance fraud case rose by 20% to £15,000 in 2022 according to the Association of British Insurers. from Insurer - insuranceage.co.uk https://ift.tt/DAetqyG

Zurich UK hires head of mid-market

The provider has promoted Morgan Lyons to head up its mid-market business division. from Insurer - insuranceage.co.uk https://ift.tt/3rL9BJN

People Moves: 14 - 25 August 2023

Keep up to date with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/c0GMdwF

CII unveils two new training courses

The Chartered Insurance Institute has launched two leadership-focused training programmes starting in October. from Insurer - insuranceage.co.uk https://ift.tt/SFC436d

Aviva bosses Blanc and Winslow see Lloyd's benefit

Aviva UK General Insurance chief executive Adam Winslow says the insurer’s entrance into Lloyd’s is ‘still up for discussion’, believing the historic marketplace could boost the provider’s distribution play. from Insurer - insuranceage.co.uk https://ift.tt/SZXqsuV

Signs of motor market turn as Admiral boss expects easing claims inflation

Admiral chief executive Milena Mondini de Focatiis is predicting a ‘slowing, decreasing trend’ in motor claims inflation. from Insurer - insuranceage.co.uk https://ift.tt/je01pv4

Aviva UKGI profits boosted 40% amid surging investment returns

Aviva UK and Ireland general insurance operating profits increased 40% to £230m in the first half of 2023 (2022 H1: £163m). from Insurer - insuranceage.co.uk https://ift.tt/7yCWBqj

Insurers urged to help nightlife industry amid fears of a capacity crisis

With the UK nightlife insurance market dominated by one capacity provider, industry experts have called for more competition amid fears any scaling back or exit would have severe consequences on the sector. from Insurer - insuranceage.co.uk https://ift.tt/PC2faXd

People Moves: 7 – 11 August 2023

Stay in the loop with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/FocI9vk

Profits drop at Allianz Holdings in first half 2023 as GWP tops £2bn

Operating profit fell 5.5% at Allianz Holdings in the first six months of the year to £112.8m as the combined operating ratio deteriorated to 96.6% from 96.0% in the same period of 2022. from Insurer - insuranceage.co.uk https://ift.tt/q4RXcpB

Hiscox grows UK commercial book as retail division COR improves

Hiscox has reported 4% growth in the UK for the first half of 2023. from Insurer - insuranceage.co.uk https://ift.tt/JCIYNQk

Interview: Jacqui Kelly, Zurich

Jacqui Kelly was the architect behind Zurich’s new Club Blue proposition that offers a wide range of broker support. Appointed interim sales and distribution director last month, she tells Insurance Age how Zurich’s ‘winning culture’ will sway brokers. from Insurer - insuranceage.co.uk https://ift.tt/BcZiWwA

Ex-Ardonagh and Gallagher leader Mark Mugge moves from Lucida to Optio

Mark Mugge has left motor specialist broker Lucida Group to be chief financial officer of managing general agent Optio Group. from Insurer - insuranceage.co.uk https://ift.tt/SDnu590

‘Disappointing’ – brokers react to Zurich personal lines broker exit plans

Brokers have expressed disappointment at Zurich’s plans to exit personal lines motor and home on broker panels. from Insurer - insuranceage.co.uk https://ift.tt/DWNgZLA

Markerstudy investor Pollen Street gets PRA approval for Tradex deal

Markerstudy’s owner Pollen Street Capital has completed the delayed purchase of motor trade and taxi specialist insurer Tradex after getting the greenlight from the Prudential Regulation Authority, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/n9VbSvC

MGA-backer Bridgehaven secures A- rating from AM Best

Bridgehaven CEO Paul Jewell has hailed the business securing a high level rating from AM Best. from Insurer - insuranceage.co.uk https://ift.tt/IOiNLAz

Ardonagh’s UK commercial MGA adds ex-Aviva leader Jackman as sales director

Former director of regional brokers, strategy and propositions at Aviva, Karen Jackman, has joined Ardonagh’s UK commercial MGA as sales director, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/bzw1agh

MGA bolsters team following resignations amid Ardonagh staff interest

Managing general agent Mercia Underwriting says it has bolstered the team after a number of staff resigned from positions.  from Insurer - insuranceage.co.uk https://ift.tt/RiG5aFM

Flood Re names Bridget Rosewell as chair to succeed Mark Hoban

Flood Re has appointed Bridget Rosewell as non-executive director and chair-designate to succeed out-going Mark Hoban, taking up the chair post at the end of September. from Insurer - insuranceage.co.uk https://ift.tt/QbWEJlK

UK commercial hardening drops to 1%

Insurance pricing in the UK commercial market rose by only 1% in the second quarter of 2023, according to Marsh, its lowest rate since Q4 2018. from Insurer - insuranceage.co.uk https://ift.tt/0Z7Y1gc