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Axa Insurance UK has posted an improved 106.3% combined operating ratio for 2023, trimming it from 109.8% the year before. from Insurer - insuranceage.co.uk https://ift.tt/lpiBUu5

Car and motorcycle insurance complaints to the Financial Ombudsman Service rose fractionally to 3,940 in the first quarter of the financial year as the overall workload soared by 70%. from Insurer - insuranceage.co.uk https://ift.tt/bwTnpJ5

New research from Broker Insights shows brokers are placing more business with smaller players, resulting in a changing landscape where competition can thrive. Rachel Gordon reports. from Insurer - insuranceage.co.uk https://ift.tt/ixszeAn

Ageas boosted UK gross written premiums by 49% in the first half of 2024 to €992m (£835m) citing customer growth and rate increases primarily in motor with “solid underwriting profitability”. from Insurer - insuranceage.co.uk https://ift.tt/weCa3IH

The average quoted premiums for buildings and contents insurance fell by 1.1% in the three months to the end of July, according to research by Consumer Intelligence. from Insurer - insuranceage.co.uk https://ift.tt/Dj2FNxy

Flood Re has teamed up with the British Insurance Brokers’ Association as part of its plans to develop wider understanding across the broking community about the mechanics and benefits of the Build Back Better scheme. from Insurer - insuranceage.co.uk https://ift.tt/Wv0HJeK

Is a failure to heed the cyber insurance lessons of the past undermining efforts to shore up its sustainable future? Ian Summerfield, head of cyber at Pen Underwriting, discusses. from Insurer - insuranceage.co.uk https://ift.tt/HVRsQgo

With ghost broking a growing and persistent threat to the insurance industry, Rosie Simms explores if technology is making the problem more prevalent - or easier for insurers to spot. from Insurer - insuranceage.co.uk https://ift.tt/5XbpFa6

Hiscox and the Bloomer family have paid tribute to insurance and financial services veteran Jonathan Bloomer following his passing. from Insurer - insuranceage.co.uk https://ift.tt/MEY4Lid

Hiscox chairman Jonathan Bloomer’s body has been confirmed among the five recovered yesterday following the sinking of the Bayesian yacht on Monday. from Insurer - insuranceage.co.uk https://ift.tt/YBKWNXZ

More than a third (35%) of wealthy individuals admit they can’t remember the last time they had their art and collections valued, offering brokers a great opportunity to talk to their high net worth customers. from Insurer - insuranceage.co.uk https://ift.tt/djzCebp

Brokers are still struggling to provide adequate evidence they are appropriately assessing whether their remuneration is consistent with the fair value of the product they are selling. from Insurer - insuranceage.co.uk https://ift.tt/f1KTowR

Markel has doubled the size of its Leeds branch by moving to the new City Square House, 34 years after its first office opened in the city. from Insurer - insuranceage.co.uk https://ift.tt/Ykb43ZU

Intermediaries are asking Allianz for more personal lines capacity and have welcomed the rebrand from LV, according to Nicola George, the new managing director of the insurer's broker PL arm. from Insurer - insuranceage.co.uk https://ift.tt/4uWRJhD

Hiscox chairman Jonathan Bloomer and his wife Judy have been named among the six people still missing following the sinking of the Bayesian yacht off Sicily yesterday. from Insurer - insuranceage.co.uk https://ift.tt/G7ju8OV

Arch Insurance’s UK regional division has announced it has opened a new office in Glasgow as part of its growth strategy for the region. from Insurer - insuranceage.co.uk https://ift.tt/B91370a

Aviva UK and Ireland general insurance CEO Jason Storah is confident that most of the wider commercial sector will continue to hold its nerve over rate and not chase short term market gains - for now at least. from Insurer - insuranceage.co.uk https://ift.tt/u6IkfgZ

Aviva has reported that its UK & Ireland premiums increased 18% to £3,809m in the first six months of 2024 (HY23: £3,219m) with strong growth across all business lines, especially personal. from Insurer - insuranceage.co.uk https://ift.tt/eIyLXZr

Hiscox has today announced that it is rolling out its AI-enhanced lead underwriting model to all of its London market brokers after a successful proof of concept. from Insurer - insuranceage.co.uk https://ift.tt/3DEIhOQ

AM Best has removed from under review with developing implications and affirmed the Financial Strength Ratings of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Accredited. from Insurer - insuranceage.co.uk https://ift.tt/Wq7H8bL

“I want to expand the amount of branches we have where we’re connecting with customers,” Allianz UK CEO Colm Holmes told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/jT4kPGl

Follow the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/VAySNx2

Allianz UK boosted gross written premiums by 5.5% in the first half of the year to £2.21bn as operating profit jumped by £62m to £174.8m. from Insurer - insuranceage.co.uk https://ift.tt/vO8cs1P

RSA has launched an enhanced broker and customer claims portal, asserting it was the first UK insurer to implement the Guidewire cloud solution. from Insurer - insuranceage.co.uk https://ift.tt/u2irHZD

AM Best has raised the financial strength rating of Lloyd’s to A+ (superior) from A (excellent) and the long-term issuer credit rating to AA- (superior) from A+ (excellent). from Insurer - insuranceage.co.uk https://ift.tt/KUDo9Pi

Twickenham will become Allianz Stadium from September as part of a deal with the Rugby Football Union that sees the insurer make an unspecified "long-term investment" in the sport. from Insurer - insuranceage.co.uk https://ift.tt/WgEqyrY

Add-on insurance provider Alps has moved its entire motor book, under a full delegated authority agreement, to AmTrust International. from Insurer - insuranceage.co.uk https://ift.tt/fwMBJI7

Ernesto Suarez has launched insurtech managing general agent Gigasure offering travel, backpackers, and car hire excess insurance. from Insurer - insuranceage.co.uk https://ift.tt/DuTY8gP

The average motor insurance premium fell by 2% in April to June compared to the first quarter of 2024, according to the latest data from the Association of British Insurers. from Insurer - insuranceage.co.uk https://ift.tt/zJSbFHX

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/9zbn8m5

Howden has agreed to acquire the musical insurance book of Allianz UK for an undisclosed sum with the provider staying on as the underwriter. from Insurer - insuranceage.co.uk https://ift.tt/IlJFnQV

Axa Commercial can now move “quicker and price more effectively” due to a new workbench system, which is “beneficial” to brokers and customers, according to Tara Foley, CEO of Axa UK and Ireland. from Insurer - insuranceage.co.uk https://ift.tt/z95mhE7