Insurance Wiki How

After making a “substantive step change”, Aviva knows there is more to do, and will be meeting with brokers at the British Insurance Brokers’ Association’s conference to work together on what comes next, according to managing director of UKGI distribution & SME David Martin. from Insurer - insuranceage.co.uk https://ift.tt/ZDYy0Td

Endeavour Ventures has bought Hug Hub’s commercial lines focused digital quote platform, Extranet Hub, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/9VcajLl

French insurance group Wakam has told brokers thinking of setting up their own managing general agents to consider it as a capacity partner after receiving regulatory approval for a new UK subsidiary. from Insurer - insuranceage.co.uk https://ift.tt/geDZCyS

New research from analyst Broker Insights shows there is plenty of commercial policy movement – particularly in lower premium classes – which indicates strong competition and adequate capacity. But do brokers agree? Rachel Gordon reports. from Insurer - insuranceage.co.uk https://ift.tt/CyK0Y8U

In his first interview since taking up the role, Dual UK CEO Simon McGinn tells Insurance Age about his plans for the managing general agent including expanding the reach with regional brokers and boosting the digital offering. from Insurer - insuranceage.co.uk https://ift.tt/4IigUw2

Mike Crane, managing director of LV Broker, has decided to leave the business and is being succeeded by portfolio pricing director Nicola George with immediate effect, Allianz has confirmed. from Insurer - insuranceage.co.uk https://ift.tt/xABzS9i

Mike Bottle, SVP, strategy and distribution at Arch Insurance UK regional division, tells delegates not to overcommit and book meetings wisely, explains why Arch’s stand offers a great space for productive conversations, and outlines his love for the Stone Roses. from Insurer - insuranceage.co.uk https://ift.tt/eLY8dst

The Association of British Insurers has stopped short on a voluntary industry-led cap on premium finance as it set out five principles aimed at helping consumers manage the cost of paying-monthly for motor insurance. from Insurer - insuranceage.co.uk https://ift.tt/W1kLrwb

Howden-owned managing general agent Dual will be opening two offices in the UK within a year, aiming for 12 to 15 staff in each to build its regional broker business, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/raeydIB

Aviva is to open offices in Chelmsford and Southampton, delivering on its promise to set up two new branches this year, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/04ELVlI

Zurich has signed a five-year capacity deal with MGA Freedom Services that will see both re-enter the telematics market, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/yfTNFOv

There is more intellectual property in existence today than ever before – and its value is growing at a faster rate than physical assets. Martin Friel explores what products exist to help brokers protect their clients’ intangible assets and why SMEs are as much at risk as corporates. from Insurer - insuranceage.co.uk https://ift.tt/kWNZTCp

Polaris has added Bravo Digital Trader as the fifth broker system to use imarket, joining its portfolio of Acturis, Applied, Open GI and SSP. from Insurer - insuranceage.co.uk https://ift.tt/61p05ou

In an update to brokers on the NIG deal, RSA commercial lines managing director Sonya Bryson explained there will still be two sets of products and systems on 1 May, with all remaining the same in the short term. from Insurer - insuranceage.co.uk https://ift.tt/1eravQq

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period. from Insurer - insuranceage.co.uk https://ift.tt/A4Mv7jO

RSA has reported a loss after tax of £89m driven in part by integration costs as the underwriting performance improved year on year. from Insurer - insuranceage.co.uk https://ift.tt/Rk3j7CH

Altamont-backed hybrid insurer Hadron is aiming to change the reputation of fronters to businesses that priortise sensible and measured underwriting rather than just scale. from Insurer - insuranceage.co.uk https://ift.tt/FE5dpDl

As we continue our Biba Conference series, Pat Brice, distribution director at CFC, promises socks on its stand, and reflects on the post-pandemic buzz of the event, encouraging first-timers to step back and absorb their surroundings. from Insurer - insuranceage.co.uk https://ift.tt/g6Ur3ca

Clear Group has appointed Mandy Hunt as managing director of its managing general agent business. from Insurer - insuranceage.co.uk https://ift.tt/2Zdo4n5

Bspoke Insurance Group has forecast returning to profit after achieving £5.17m of turnover but post-tax losses in its first five months of trading since being formed out of UK General and Precision Partnership. from Insurer - insuranceage.co.uk https://ift.tt/GaNRib1

Veterinary sector specialist broker Shire Insurance has teamed up again with Ecclesiastical on all schemes business after a two-year hiatus. from Insurer - insuranceage.co.uk https://ift.tt/YC7Ovog

Covéa Insurance has posted an £87.3m loss after tax for last year with underwriting losses across commercial, personal and speciality lines. from Insurer - insuranceage.co.uk https://ift.tt/1RNWsgB

Allianz Trade UK has refreshed its trade credit insurance product suite. from Insurer - insuranceage.co.uk https://ift.tt/L7VyDgr

Managing general agent Rokstone has taken box 355 located on gallery three at Lloyd’s, in a three year deal. from Insurer - insuranceage.co.uk https://ift.tt/5qCmQ29

Blagrove Underwriting Agency and two MGAs it supports with capacity have today resumed offering quotations and renewing polices, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/XZy7Bvl

Iprism Underwriting Agency has more than trebled its profit for the financial year ended 30 June 2023 according to its latest Companies House filing. from Insurer - insuranceage.co.uk https://ift.tt/H7fjVw6

RSA Insurance today confirmed its new regional trading structure ahead of the integration of NIG on 1 May. from Insurer - insuranceage.co.uk https://ift.tt/0TUbi2L

Direct Line Group has appointed Jane Poole as group chief financial officer of the company, subject to regulatory approval. from Insurer - insuranceage.co.uk https://ift.tt/qGtjmTg

The rise of artificial intelligence signals both a threat and opportunity for UK firms in pursuit of a cyber-secure future. But how can brokers help clients stay on the winning side, asks Saxon East. from Insurer - insuranceage.co.uk https://ift.tt/IqXSbfZ

NBS Underwriting has added commercial combined insurance to its product portfolio building on the acquisition of Capital Markets Underwriting. from Insurer - insuranceage.co.uk https://ift.tt/oNWMe2Z

The Financial Services Compensation Scheme has secured £23m from the estate of Gibraltar-based Green Realisation 123, formerly known as MCE Insurance Company, after paying out approximately £90m in compensation to the firm’s customers. from Insurer - insuranceage.co.uk https://ift.tt/nSF67ha

Aviva has confirmed that, following receipt of all necessary approvals, it has completed the acquisition of AIG Life UK. from Insurer - insuranceage.co.uk https://ift.tt/3iFKoUA

Managing general agent Iprism has named former commercial director of Ecclesiastical Insurance, Adrian Saunders, as a non-executive director. from Insurer - insuranceage.co.uk https://ift.tt/Vj3e6pK

Follow the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/WInxdVw

Open GI has bought Hug Hub’s Digital Platform which offers portal capability for insurance brokers and managing general agents. from Insurer - insuranceage.co.uk https://ift.tt/xFbH7qs

The Financial Ombudsman Service has set its levy for 2024/25 at £70m despite anticipating an increase in operating expenditure and caseload. from Insurer - insuranceage.co.uk https://ift.tt/VimQEOW

The Financial Conduct Authority has slapped the general insurance and protection sector with another four skilled person reports as the crackdown continues. from Insurer - insuranceage.co.uk https://ift.tt/NaM9GS8

Small businesses face a growing threat of cyber-attacks as they move more services to the cloud, according to Ian Fantozzi, CEO of Beazley Digital. from Insurer - insuranceage.co.uk https://ift.tt/eZAEvnd

The Association of British Insurers has published a good practice guide for the insurance and long-term savings industry on supporting autistic customers. from Insurer - insuranceage.co.uk https://ift.tt/1PFhNqx

Esure swapped a trading profit of £49.8m in 2022 for a loss of £16.7m last year, the insurer has confirmed. from Insurer - insuranceage.co.uk https://ift.tt/jpWd9ra