Insurance Wiki How

The Financial Conduct Authority has confirmed new measures to support leaseholders in the multi-occupancy buildings insurance market will come into force on 31 December which for brokers will mean being transparent on commission and a near ban on paying commissions to third parties. from Insurer - insuranceage.co.uk https://ift.tt/6fJotrU

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

More than 30,000 consumers have sought help to access life and protection insurance since an industry agreement to signpost customers with medical conditions to specialists was introduced in January 2020 spearheaded by The British Insurance Brokers’ Association. from Insurer - insuranceage.co.uk https://ift.tt/UMipW2I

Ratings agency Moody’s has kept its negative outlook on the prospect for UK property and casualty insurance warning of higher reinsurance costs and pressure on personal lines margins as price growth lags inflationary cost increases. from Insurer - insuranceage.co.uk https://ift.tt/6ldQT1u

RSA has expanded its mid-market financial risks portfolio with the launch of a pension trustee liability insurance product. from Insurer - insuranceage.co.uk https://ift.tt/kC2SagO

Celebrating his first year as UK CEO of Hiscox, Jon Dye tells Insurance Age about the central role of brokers in the insurer’s growth strategy across its new operating model in high net worth, beefed up regional structure and schemes ambitions. from Insurer - insuranceage.co.uk https://ift.tt/evXTfjR

A poll of insurance brokers by HSB has suggested that two-thirds of businesses are not considering computer insurance risks arising from evolving working practices. from Insurer - insuranceage.co.uk https://ift.tt/el6Cmc4

Aviva has bought AIG Life from Corebridge Financial, a quoted subsidiary of American International Group, for £460m. from Insurer - insuranceage.co.uk https://ift.tt/oCIga4f

Hiscox has appointed Chris Hanson, Darren Love, Laura Garrard and Alex Bailey as the regional managers for its UK broker business, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/t7YK4sM

All the latest key personnel moves across the insurance market. from Insurer - insuranceage.co.uk https://ift.tt/CUIAVmZ

The Financial Conduct Authority has written to insurers, calling on them to take action, as it released the latest set of fair value data and again brought the spotlight onto the issue of high commission levels. from Insurer - insuranceage.co.uk https://ift.tt/2hkJuQj

Hiscox has unveiled a nationwide brand campaign including broker-focused bespoke content for local markets. from Insurer - insuranceage.co.uk https://ift.tt/PrEBWkt

Markerstudy is only £301m of gross written premium away from potentially overtaking Admiral as the UK’s largest personal lines player after the £1.2bn Atlanta deal last week, according to its CEO Kevin Spencer. from Insurer - insuranceage.co.uk https://ift.tt/UdBzVlh

Allianz has appointed Henry Topham as managing director of its UK retail business succeeding Heather Smith who is moving to Axa Health as CEO. from Insurer - insuranceage.co.uk https://ift.tt/5a7NLJW

Axa Health has named Allianz’s managing director for retail, Heather Smith, as its new CEO. Smith will take up the role in mid-January 2024. from Insurer - insuranceage.co.uk https://ift.tt/jixCSAg

Having progressed from a graduate trainee in Guildford to Allianz branch manager in Scotland, and via Lloyd’s in London to UK & Ireland managing director for HDI Global, Stephanie Ogden is ready to take brokers on the next step of the German-owned insurer’s growth journey. from Insurer - insuranceage.co.uk https://ift.tt/BtM12sA

Aviva has launched Sustainable Business Coach, a free-to-use digital tool designed to help brokers discover the impact their business has on the environment and wider society. from Insurer - insuranceage.co.uk https://ift.tt/enRyUpW

When Aviva needs a new UK and Ireland boss, Canada has become something of a go-to market. from Insurer - insuranceage.co.uk https://ift.tt/YHnB7a5

Allianz has published its first comprehensive Net Zero transition plan backing up its commitment to achieving net-zero emissions by 2050 in its proprietary investment and property and casualty underwriting portfolios. from Insurer - insuranceage.co.uk https://ift.tt/Z4l6h5R

Keep up to date with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/BIDf7Vx

Brokers have expressed their sadness at losing another market but acknowledged the proposed takeover of NIG by RSA could be superb for both parties – provided the integration is handled properly. from Insurer - insuranceage.co.uk https://ift.tt/u5WdbQ7

Lloyd’s more than doubled underwriting profits in the first half of the year to £2.5bn from £1.2bn in the same period of 2022. from Insurer - insuranceage.co.uk https://ift.tt/nFm69j3

Intact Financial Corporation and its subsidiary RSA have announced that they have reached an agreement with Direct Line Insurance Group to acquire Direct Line’s brokered commercial lines operations, including NIG and FarmWeb. from Insurer - insuranceage.co.uk https://ift.tt/StVwFQv

Insurers paid out £2.5bn in motor claims in the second quarter of this year, according to the Association of British Insurers, the highest quarterly figure since it started collecting data in 2013. from Insurer - insuranceage.co.uk https://ift.tt/985H7rv

Mulsanne Insurance Company has admitted speaking to its regulator the Gibraltar Financial Services Commission about solvency capital requirement issues for the second time in four years, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/eyMkS2R

Zurich UK has increased its number of graduate opportunities for 2023 while creating new “green graduate” roles in the renewable energy space. from Insurer - insuranceage.co.uk https://ift.tt/UBeJ0DV

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/3Bxmwl5