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Showing posts from October, 2023

HNW market seeking more guidance, says Ecclesiastical

Some 67% of high net worth collectors want more art and collections risk guidance from their insurer or insurance broker, presenting an opportunity for brokers, according to research by Ecclesiastical. from Insurer - insuranceage.co.uk https://ift.tt/qdIrXGe

Brokers pledge to stop sharing building commissions and cap fees

Five top 100 UK broking groups have pledged to end sharing building insurance commissions with landlords and to cap fees. from Insurer - insuranceage.co.uk https://ift.tt/pIw7Wl6

EY: 2022 was worst year on record for UK home insurer profitability

The UK home insurance market faced the worst performing year on record in 2022 with a loss-making net combined ratio of 122%, according to EY’s annual UK Home Results Analysis. from Insurer - insuranceage.co.uk https://ift.tt/AI6QRhU

Insurance Day for Dementia returns on 30 November

Individuals and firms across the insurance sector will unite in a collective effort on 30 November, to participate in the Insurance Day for Dementia to raise money for Alzheimer’s Society. from Insurer - insuranceage.co.uk https://ift.tt/vB26oZW

Swiss insurance group gets greenlight to open UK brand

Helvetia Global Solutions has received confirmation from the UK regulators that its authorization to underwrite non-life insurance business in the UK has been approved and comes into effect on 1 November 2023. from Insurer - insuranceage.co.uk https://ift.tt/oGEuROr

Applied Net 23: Priority number one has been, is and will be commercial – says Europe CEO Tom Needs

Achieving parity with competitors on commercial panel size and boosting the Epic broker base to 150 in the UK are the twin targets for Applied Systems Europe in 2024, CEO Tom Needs confirmed. from Insurer - insuranceage.co.uk https://ift.tt/jd367lL

CII on the hunt for new CEO again after Vallance departs

The Chartered Insurance Institute Group has today confirmed it is looking for a third CEO in less than two years after incumbent Alan Vallance announced plans to take an equivalent role at the Institute of Chartered Accountants in England and Wales. from Insurer - insuranceage.co.uk https://ift.tt/9wTyCBJ

Gap between best and worst commercial insurers widening according to Biba members

The results of the latest Insurers Monitor benchmarking report from the British Insurance Brokers’ Association and consultancy Gracechurch show that the average commercial insurer Net Promoter Score (NPS) is up by 9 points since January, and +16 points since mid-2022. from Insurer - insuranceage.co.uk https://ift.tt/mcMgiVj

Interview: Julian Hucks, Starpeak founder on diversification and offering a personal touch

Julian Hucks, founder and managing director at Starpeak Insurance Solutions, originally SportsCover Direct, used the growth of the internet to build the company. from Insurer - insuranceage.co.uk https://ift.tt/6h5i4In

RSA’s service vow to brokers one year on: Has it delivered?

In 2022, RSA published its strategic roadmap to 2025. The insurer vowed to raise service standards for brokers. Has it delivered? from Insurer - insuranceage.co.uk https://ift.tt/gw3ZLhj

Opinion: How sustainable partnerships are the key to navigating a changing HNW market

Kevin Morton, head of Zurich Private Clients, tackles the challenges brokers face with reduced capacity and appetite in the high-net-worth market arguing insurers with stable and sustainable propositions will ultimately win out. from Insurer - insuranceage.co.uk https://ift.tt/sdMDeUF

FCA data reveals spike in insurance skilled persons reports

The Financial Conduct Authority has revealed commissioning seven skilled person reports across the general insurance and protection sector between July and September. from Insurer - insuranceage.co.uk https://ift.tt/eJVj6Is

Ex Chubb, Axa XL and Aviva HNW boss Simon Mobey on moving into broking

Simon Mobey spent 38 years working for insurers. Having jumped the fence to be executive director of Dover Street Insurance Brokers, and set up its office in Manchester, he tells Insurance Age about his excitement for the job and the plans to double the business – and then double it again. from Insurer - insuranceage.co.uk https://ift.tt/ZCFXEnx

Aviva bulks up team with three more Zurich hires

Aviva has expanded its SME and distribution teams with three hires from Zurich and a promotion as it revealed Michelle Taylor will start ahead of schedule on 5 December 2023. from Insurer - insuranceage.co.uk https://ift.tt/3i7Glf2

Headline makers – October 2023

The hottest stories from 1 to 30 September. from Insurer - insuranceage.co.uk https://ift.tt/AsvSq8t

Headline makers – October 2023

The hottest stories from 1 to 30 September. from Insurer - insuranceage.co.uk https://ift.tt/AsvSq8t

Ecclesiastical teams up with Iprism on digital platform for brokers

Ecclesiastical and managing general agent Iprism have launched a digital platform providing cover for smaller not-for-profit organisations operating in the charity, education and faith sectors. from Insurer - insuranceage.co.uk https://ift.tt/QIO0xcA

Broker Expo 2023: Influencers warned about what they post on social media

Social media influencers are at putting themselves at risk by posting about high value possessions when they are out of the house. from Insurer - insuranceage.co.uk https://ift.tt/GFfc0Ca

Motor premiums surge to record high

Motorists are paying 58% more than a year ago for comprehensive car insurance, according to the latest research by Confused and WTW. from Insurer - insuranceage.co.uk https://ift.tt/AZmJ97t

Peach PI targets doubling with brokers through wider schemes growth

Peach PI is aiming to double the number of niche schemes and brokers it deals with, CEO Russell White confirmed to Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/O6Mc3Qi

ABI warns on ‘stalled’ apprenticeships as it urges industry to push on DEI

The number of apprenticeships offered by the Association of British Insurers’ members has stalled at 1,231 the trade body has confirmed as it called for faster and more focused action from the industry. from Insurer - insuranceage.co.uk https://ift.tt/8BJVyMQ

Zurich confirms Jacqui Kelly as head of sales and distribution

Zurich UK has confirmed Jacqui Kelly as its permanent head of sales and distribution having held the role on an interim basis since July. from Insurer - insuranceage.co.uk https://ift.tt/NlaB730

Open GI extends into commercial with Ark tradesperson cover

Open GI has partnered with Ark Insurance Group to add a tradesperson offering for brokers and further extend its commercial lines panel. from Insurer - insuranceage.co.uk https://ift.tt/TpCw7aE

Provenance continues growth drive with second partnership this year

Provenance Insurance Broker has partnered with John Clark Motor Group to create John Clark Motor Insurance Services. from Insurer - insuranceage.co.uk https://ift.tt/UHvjP3G

My Perfect Insurance Week: Beverley Bates, Markel Law

To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Beverley Bates, advice services director at Markel Law​​​​​​​, shares her thoughts. from Insurer - insuranceage.co.uk https://ift.tt/eV2fPnk

Optimism among brokers as Birmingham diversifies from manufacturing into booming new industries

The insurance sector in Birmingham is full of activity and has a bright future, according to experts who work in the area, as Ida Axling discovers. from Insurer - insuranceage.co.uk https://ift.tt/6EwxMPR

Profile – David Martin, Aviva: Taking action

With two new trading sites on the horizon, more underwriters and authority in the regional network, a record number of apprentices and increased use of artificial intelligence, Aviva leader David Martin is bullish about pushing ahead with brokers. Emmanuel Kenning reports. from Insurer - insuranceage.co.uk https://ift.tt/BfTEWqQ

Aviva targeting two new broker branches in 2024

Aviva is eyeing up opening two new offices next year, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/nuvkq9E

Resilience ups cyber limits with RSA/Accredited capacity deal

Cyber insurance provider Resilience has expanded its underwriting capacity limits to £10m for insureds in the UK and European Union. from Insurer - insuranceage.co.uk https://ift.tt/Y9c0yDp

Could regulators stymie the growth of the fronter market in the UK?

The failure of Vesttoo in the US has only increased scrutiny on fronters in the UK. But as Saxon East discover the emergence of Bridgehaven and continued growth of the MGAs, mean that they still have a potentially bright future. from Insurer - insuranceage.co.uk https://ift.tt/HfMeAzq

Ripe grew turnover 17% in 2022

Insurtech Ripe grew turnover by 17% in 2022 to £27.2m as policy count also rose in the year. from Insurer - insuranceage.co.uk https://ift.tt/u5nEvcL

QBE adds fifth trading head for Glasgow/Belfast

QBE has appointed Chris Long in a newly created role, head of trading for Glasgow/Belfast, where he will lead the regional underwriting teams. from Insurer - insuranceage.co.uk https://ift.tt/lKfoGy5