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Showing posts from November, 2023

Prestige teams with Open GI on Coverall update

Prestige Underwriting has partnered with Open GI to launch a refreshed version of its non-standard home proposition, Coverall. from Insurer - insuranceage.co.uk https://ift.tt/PgpZdab

Bspoke signs up to buy Police & Forces Mutual personal lines books from Royal London

Bspoke Insurance Group has struck a deal to buy the personal lines elements of the Police & Forces Mutual businesses – Police Mutual Healthcare and Police Mutual General Insurance – from The Royal London Mutual Insurance Society. from Insurer - insuranceage.co.uk https://ift.tt/YirXB6j

Tokio Marine HCC International expands in Manchester and Birmingham

Tokio Marine HCC International has invested in new premises in Manchester, and revealed underwriting appointments in the city and Birmingham as it pursues growth in the UK regional professional risks market. from Insurer - insuranceage.co.uk https://ift.tt/LBHx08a

C-Quence launches real estate product and ‘drag & drop’ automated submission reader

Managing general agent C-Quence has launched a real estate product for the property owners market and unveiled a ‘drag & drop’ automated submission reader. from Insurer - insuranceage.co.uk https://ift.tt/8f7T52C

Saga names Mike Hazell CEO as insurance sale rumours resurface

Over 50s specialists Saga has appointed Mike Hazell as group CEO, succeeding Euan Sutherland with immediate effect. from Insurer - insuranceage.co.uk https://ift.tt/tJIqYyx

Aviva and IFB join forces to help combat paid-ad spoofing scams

Consumers are being urged to be extra cautious when searching for their insurer or broker online. from Insurer - insuranceage.co.uk https://ift.tt/lvqS9Ft

Aviva uncovered £120m of fraudulent claims in 2022

Aviva has revealed that it uncovered more than 9,250 instances of fraud in 2022 – saving customers £120m. from Insurer - insuranceage.co.uk https://ift.tt/HLOSPN6

Axa UK: broker clients will benefit from contractor body cameras

A major insurer is providing body cameras to contractors in move it claims will enable broker clients to highlight best practice to underwriters. from Insurer - insuranceage.co.uk https://ift.tt/1eZb9aw

People the number one priority for Axa Commercial CEO Jon Walker

“People are the only true differentiator that any of us have in the marketplace,” according to CEO of Axa Commercial, Jon Walker. from Insurer - insuranceage.co.uk https://ift.tt/r81z5hH

Pen takes box at Lloyd’s

Pen Underwriting has taken a box at Lloyd’s, which will be staffed initially with a marine team ahead of diversifying into complementary products and other lines. from Insurer - insuranceage.co.uk https://ift.tt/IGB6ltM

Sabre confirms cyber attack

Motor insurance specialist Sabre has revealed being hit by a cyber attack on 16 November. from Insurer - insuranceage.co.uk https://ift.tt/pacvm5l

Insurers twitchy on pest controller insurance

As bed bugs infiltrated headlines across the UK last month, publicity for the pest control sector spread alongside them. from Insurer - insuranceage.co.uk https://ift.tt/lWzmMwe

FCA warns of Axa clone

The Financial Conduct Authority has warned of a clone claiming to be Axa Insurance UK and Axa Investment Managers UK. from Insurer - insuranceage.co.uk https://ift.tt/Lu1qOTv

CFC extends cyber cover for professional services firms

Cyber insurance provider CFC has upgraded its packaged insurance policies for professional services businesses in a move it claimed could be a game changer for SMEs that cannot afford standalone cyber cover. from Insurer - insuranceage.co.uk https://ift.tt/Bskcn6H

Aviva personal lines jumps in Q3 but UK insurance COR grows

Aviva has reported a 20% boost in UK personal lines to £2.15bn as commercial lines also rose to £2.39bn from £2.15bn in Q3 2022. from Insurer - insuranceage.co.uk https://ift.tt/d5RNTb8

SiriusPoint takes Alex Hardy from RSA

SiriusPoint has swooped for RSA’s sales and distribution director Alex Hardy. from Insurer - insuranceage.co.uk https://ift.tt/THojsZY

Ex-broker among 10 arrested in police crackdown on commercial insurance fraud

Ten people have been arrested across the country, and 18 vehicles seized during a two-week police operation to tackle commercial insurance fraud. from Insurer - insuranceage.co.uk https://ift.tt/3tZBToi

Canopius appoints Mark Newman as UK CEO

Canopius Group has named Mark Newman as UK CEO, moving from his current position of CEO for the Asia Pacific region. from Insurer - insuranceage.co.uk https://ift.tt/7hMgpnt

Aspen unveils UK construction sector wellbeing product

Aspen Insurance has unveiled Construction Wellbeing to support the rising challenges associated with the mental health of employees working in the UK construction industry. from Insurer - insuranceage.co.uk https://ift.tt/q0QX9a8

Chubb rebrands division alongside media product launch in UK

Chubb has launched a media insurance product for clients in the UK, and rebranded its existing UK technology industry practice as the technology and media practice to reflect its new focus. from Insurer - insuranceage.co.uk https://ift.tt/pUHyNx9

Jacqui Kelly on pushing forward with brokers at Zurich

Zurich will be deepening its relationships with brokers and building new partnerships in 2024 as it targets growth across SME, mid-market and high-net-worth business, head of sales and distribution Jacqui Kelly has committed. from Insurer - insuranceage.co.uk https://ift.tt/B3U2CMv

Ecclesiastical calls on brokers to speak to HNW clients on underinsurance

Three out of five (62%) high net worth collectors are worried that their collections and art are underinsured, according to insurer Ecclesiastical. from Insurer - insuranceage.co.uk https://ift.tt/bpcKrg4

People Moves: 6 – 10 November 2023

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/Fp0G2Ub

Primary sells Policy Expert to Abu Dhabi Investment Authority

The Abu Dhabi Investment Authority has acquired a majority stake in insurtech Policy Expert from Primary Group, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/GtEAZzj

Third year of institute operating losses at CII

The Chartered Insurance Institute has revealed an operating loss of £760,000 for 2022 in its institute division, where revenue and membership fell as the wider group swung back to overall profit. from Insurer - insuranceage.co.uk https://ift.tt/RQewBoT

Coalition targets Northern brokers with senior Allianz hire

Cyber insurance specialist Coalition has appointed Gareth Machin as its first Manchester-based underwriter in the UK. from Insurer - insuranceage.co.uk https://ift.tt/8Y4Jr2R

ABI calls for IPT cut as motor insurance prices hit record high

The average price of motor insurance increased by 29% in the third quarter of 2023, compared to the same time in 2022, reaching a record level £561, according to the Association of British Insurers’ Motor Premium Tracker. from Insurer - insuranceage.co.uk https://ift.tt/cave4Fk

Hiscox: Impact of non-core withdrawal to 'dissipate' by end of 2023

Hiscox expects to see its UK topline growth ramp up in 2024 once it has finished exiting non-core underwriting partnerships, and its new marketing campaign starts to reap benefits. from Insurer - insuranceage.co.uk https://ift.tt/wNicpEI

Arch takes team from Aon to launch intangible assets offering

Arch Insurance International has taken a team from Aon after an agreement to acquire some assets of its intellectual property liability managing general agent business. from Insurer - insuranceage.co.uk https://ift.tt/wYDxjkl

MGA OneBefore launches targeting individuals and SMEs

Managing general agent OneBefore has launched in the UK with the support of Mission Underwriters and capacity from Accelerant Insurance Europe. from Insurer - insuranceage.co.uk https://ift.tt/8ie6AH5

EY forecasts 8.5% premium income growth for UK insurers in 2023

UK insurers are expected to end this year reporting strong overall premium income growth ahead of further expansion in 2024 and 2025, according to EY. from Insurer - insuranceage.co.uk https://ift.tt/OtUXQ6s

FCA urges focus on Consumer Duty annual board report obligations

Nisha Arora, director of cross cutting policy and strategy at the Financial Conduct Authority, has called on firms not to delay their preparations for annual Consumer Duty board reports. from Insurer - insuranceage.co.uk https://ift.tt/LmXvlYf

Opinion: How SME brokers can seize the opportunity of the regulators’ post-Brexit regime

The post-Brexit insurance regime has flushed out the unstable offshore insurers that once passported into the UK through Europe. Some of the those hard-to-place risks will have less options, so brokers must now step up and show their worth. from Insurer - insuranceage.co.uk https://ift.tt/x7ju68z

First fall in years as UK commercial pricing slips 1% in Q3

Pricing in the UK commercial insurance market fell by 1% in the third quarter of 2023, ending years of market hardening, research by Marsh has revealed. from Insurer - insuranceage.co.uk https://ift.tt/PG6OaAT

Former Axa and Groupama leader Laurent Matras joins Tesco Bank as CUO

Laurent Matras has returned to the UK market as chief underwriting officer at Tesco Bank. from Insurer - insuranceage.co.uk https://ift.tt/PSh85mJ