Insurance Wiki How

A host of insurance figures have expressed concern that Chancellor Rachel Reeves' Budget announcement today will mean SMEs could cut back on staff and business investment, as well as commercial cover putting them at greater risk of underinsurance. from Insurer - insuranceage.co.uk https://ift.tt/xrbZVO3

Cyber specialist insurer Coalition has announced that US insurer The Hartford has joined its panel of UK capacity providers. from Insurer - insuranceage.co.uk https://ift.tt/12bslm5

Morgan Lyons, head of mid-market at Zurich, is looking to grow in the smaller mid-market space and become a “nuisance” to its competitors. from Insurer - insuranceage.co.uk https://ift.tt/jEMhiFU

Managing general agent Rokstone has doubled its directors’ and officers’ (D&O) line size from £5m to £10m after securing additional capacity from Lloyds’ Syndicates. from Insurer - insuranceage.co.uk https://ift.tt/vWjmYyc

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

Hiscox has added to its regional presence with a satellite office in Bristol, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/wZRJlXm

UK insurance rates fell 5% in the third quarter, the fastest rate of decline since the drop started at the start of 2024, according to research by Marsh. from Insurer - insuranceage.co.uk https://ift.tt/78fVXtO

Qmetric, which trades as personal lines specialist Policy Expert, returned to operating profit and pushed Ebitda into the black last financial year with turnover and customer numbers rising. from Insurer - insuranceage.co.uk https://ift.tt/Nv294VR

Managing general agent Rokstone, part of the Aventum Group, has inked a three-year binding authority agreement with Aviva for its direct & facultative property portfolio. from Insurer - insuranceage.co.uk https://ift.tt/uLgOcsG

Having joined Hiscox this April, UK COO Cath Frost has already seen operational improvements, but there is more to come from the insurer she promises brokers. from Insurer - insuranceage.co.uk https://ift.tt/GfMbsrk

A spokesperson for Markerstudy Group has confirmed that backer Pollen Street Capital, in conjunction with Markerstudy, has agreed to buy Gibraltar-based Collingwood Insurance Services. from Insurer - insuranceage.co.uk https://ift.tt/RHLjTuz

Pearson Ham has found average premium finance costs for motor and home insurance fell over the last year but also revealed charges as high as 36.8%. from Insurer - insuranceage.co.uk https://ift.tt/dfBkC49

Specialist insurer Beazley has launched a new consortium providing combined civil liability, crime/fraud and cyber cover for financial institutions. from Insurer - insuranceage.co.uk https://ift.tt/ZE9yGW4

Legal experts Polly Sayers and Jonathan Edwards of HCR Law take an overview of Martyn’s Law sharing practical steps brokers can take as it progresses through Parliament. from Insurer - insuranceage.co.uk https://ift.tt/GLZUW0i

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A new warranty, accident and health MGA Carrow is set to launch with the backing of Mission Underwriters. from Insurer - insuranceage.co.uk https://ift.tt/9R80h12

The wider insurance market has given a mixed reaction to Government motor taskforce, with its industry-led approach questioned but experts note it is a step forward. from Insurer - insuranceage.co.uk https://ift.tt/2HBYn3x

The institute arm of the Chartered Insurance Institute Group returned to operating profit in 2023 with a £745,000 surplus after three years of red ink. from Insurer - insuranceage.co.uk https://ift.tt/TYNhz4n

Comprehensive car insurance premiums have now dropped year-on-year after a third consecutive quarterly fall in prices, according to the latest findings by WTW and Confused. from Insurer - insuranceage.co.uk https://ift.tt/DeVHGIL

Brokers can easily get pulled into a ‘downward cycle’ which will thwart growth plans if they fail to manage their claims process. from Insurer - insuranceage.co.uk https://ift.tt/NduvD1z

Specialist insurers can provide cyber cover expertise and training to brokers to build confidence, according to experts at the Broker Expo 2024 in Birmingham. from Insurer - insuranceage.co.uk https://ift.tt/FxrVJeB

Chubb has launched a construction industry practice in the UK and Ireland ready to trade locally with brokers across its branch network as it also unveiled a new product for the sector. from Insurer - insuranceage.co.uk https://ift.tt/qhYOSRX

Volt Underwriting, a London-based MGA formed to support clients active in the energy transition sector, has launched with initial capacity of $25m (£19.14m) for international and US onshore power and renewable energy risks. from Insurer - insuranceage.co.uk https://ift.tt/zmNXdyc

Keep up to date with the latest insurance industry personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/h2dey8g

Ageas has entered exclusive negotiations with Saga on a 20-year broking partnership and buying Acromas in a package worth up to £207.5m. from Insurer - insuranceage.co.uk https://ift.tt/34zhSTD

Thomas Carroll Group scooped the Broker of the Year award, and Seventeen Group CEO Paul Anscombe won the Achievement Award, at the UK Broker Awards last night in Birmingham. from Insurer - insuranceage.co.uk https://ift.tt/eALwOjQ

As with many markets Scotland’s general insurance hub Glasgow has seen consolidation but Martin Friel notes both brokers and insurers are buoyant about the opportunities, with local empowerment key to success. from Insurer - insuranceage.co.uk https://ift.tt/kW2ZM6f

Mulsanne Insurance’s gross premiums fell by £75.3m during the year ended 31 December 2023 to £112.9m, according to its latest Solvency and Financial Condition Report. from Insurer - insuranceage.co.uk https://ift.tt/eMijR6O

NBS Underwriting has launched an unoccupied commercial property insurance product, expanding its portfolio. from Insurer - insuranceage.co.uk https://ift.tt/OIdovlE

Addept Insurance Services has partnered with Ortus Underwriting with underwriting capacity provided by Great American International Insurance (UK). from Insurer - insuranceage.co.uk https://ift.tt/SUZB3ho

RSA and NIG has completed a “broad reconciliation” from a product and wording perspective and is committed to offering a "single product set in the first half of next year", according to Laura Fox, distribution development director. from Insurer - insuranceage.co.uk https://ift.tt/nzZK4MP

Stay in the loop with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/ECtR9uc

Zurich has appointed Nikki Lidster head of SME and trading as Will Edwards leaves to pursue an opportunity outside the insurer. from Insurer - insuranceage.co.uk https://ift.tt/0t2hORr

The Financial Conduct Authority believes sharing more information on good practice and its expectations will benefit the industry and help drive better outcomes, according to Graeme Reynolds, director of competition. from Insurer - insuranceage.co.uk https://ift.tt/JO14V0M

Onda has signed a two-year deal with Panorays to integrate its cyber risk assessment tool into the managing general agent’s platform. from Insurer - insuranceage.co.uk https://ift.tt/k2Y3flH

Ageas UK has strengthened its broker and partner distribution team with a double appointment. from Insurer - insuranceage.co.uk https://ift.tt/H7T0lK2