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A panel at the Association of British Insurers annual conference explained SMEs and mid-corporate businesses need education on risk management, with insurers and brokers playing a key role. from Insurer - insuranceage.co.uk https://ift.tt/ZMY5umD

The Financial Conduct Authority is looking at what rules can be stripped out following Consumer Duty and if fair value assessments need to be every year. from Insurer - insuranceage.co.uk https://ift.tt/oj8aYgD

Allianz UK has reported a 5.5% rise in gross written premiums last year to £4.66bn with profit surging ahead. from Insurer - insuranceage.co.uk https://ift.tt/WAVEoOK

Stay in the loop with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/e7ToD2V

At the Association of British Insurers Annual Conference today, Allianz UK CEO Colm Holmes claimed the insurance industry is doing a “poor job” of explaining the reasons for costs of premiums. from Insurer - insuranceage.co.uk https://ift.tt/0pnulgM

Ageas grew UK premiums by 21% last year to €1.85bn (£1.52bn) driven by expanding the customer base and premium rate in motor, its parent has confirmed. from Insurer - insuranceage.co.uk https://ift.tt/6nq9HAG

Hiscox has recorded its strongest growth in its UK retail business since in 2018 as the group reported a record pre-tax profit of $685.4m (£540.6m) in its 2024 full year results on written premiums of $4.77bn. from Insurer - insuranceage.co.uk https://ift.tt/vhlHXbC

Aviva has posted 16% UK gross written premium growth in 2024, as its combined operating ratio improved to 94.9%. from Insurer - insuranceage.co.uk https://ift.tt/iyeZb2P

“I don’t want to tempt fate, but on current trajectory, we should be getting close [to £500m GWP] by the end of 2025,” Polaris managing director Vivek Banga told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/r5MgiJK

The Financial Conduct commissioned four skilled person reports into insurance businesses between October and December 2024 taking the running total for the financial year into double digits. from Insurer - insuranceage.co.uk https://ift.tt/z0oEuy2

RSA commercial managing director Sonya Bryson told Insurance Age the insurer has established its regional footprint as she shared insight on traded SME and servicing risks better that fall between e-trade and mid-market, but admitted it is behind schedule on offering one product set by the end of H1 2025. from Insurer - insuranceage.co.uk https://ift.tt/hYHjOwZ

RSA is piloting how quickly it can turn around “fairly straightforward risks” in its national trading centre in Manchester, commercial managing director Sonya Bryson told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/tWKs8dA

Bishop Street Underwriters has completed its acquisition of Landmark Underwriting, a specialty-focused managing general agent based in London. from Insurer - insuranceage.co.uk https://ift.tt/IuHEaRM

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

Hiscox UK has appointed Stewart Walker as broker development director, a newly created role at the insurer. from Insurer - insuranceage.co.uk https://ift.tt/SL8R5IZ

Zurich UK improved its combined operating ratio in property and casualty business to 91.7% last year from 93.8% in 2023. from Insurer - insuranceage.co.uk https://ift.tt/0Osi6HZ

CFC has launched cyber portfolio quoting for UK brokers, a service that automates quoting for thousands of policies. from Insurer - insuranceage.co.uk https://ift.tt/4dv30TQ

IQUW has launched a ports and terminals product, with the insurer claiming it will help brokers and clients manage their risks with cover for physical loss or damage to marine property and cargo handling equipment, business interruption and third-party liabilities. from Insurer - insuranceage.co.uk https://ift.tt/cHlvoP4

Dual Group has rebranded a collection of its UK MGA businesses under a single identity. from Insurer - insuranceage.co.uk https://ift.tt/oFR4Wac

EY has revised its forecast up slightly for UK non-life insurance premium income growth this year while ticking down the prediction for 2026 and releasing its number for 2027. from Insurer - insuranceage.co.uk https://ift.tt/fFUoWnr

Travelers Europe has named Mike Lawton as chief operating officer. from Insurer - insuranceage.co.uk https://ift.tt/jKEsBoL

Andrea Wells was recently recruited from Broker Insights by Premium Credit for its newly created role of head of regions and networks. In a Q&A with Insurance Age she shares her insurance market experience and plans for growing the business with brokers. from Insurer - insuranceage.co.uk https://ift.tt/n9ftE14

Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages, available to retail and wholesale brokers. from Insurer - insuranceage.co.uk https://ift.tt/370OGN6

Convex Group, the specialty insurer and reinsurer, has received in principle approval to launch Lloyd’s Syndicate 1984, which will start underwriting in April 2025. from Insurer - insuranceage.co.uk https://ift.tt/dIK2vt0

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

RSA’s underwriting profit almost doubled in 2024, hitting £172m, up from £90m in 2023, the insurer’s parent company, Intact, has reported. from Insurer - insuranceage.co.uk https://ift.tt/v8Z6tYF

Managing general agent Freedom Services is aiming to more than double the business it writes to £125m gross written premium through a capacity deal it struck with Zurich in 2024, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/zYpSaT3

Zurich UK has published its social mobility pay data claiming it is the first insurer, and just one of a handful of companies, to do so as it committed to the ultimate goal of smashing the ‘class ceiling’. from Insurer - insuranceage.co.uk https://ift.tt/0h3fgXF

Analysis from Broker Insights shows brokers are consolidating agency numbers and ending relationships with smaller, less useful, insurers. Rachel Gordon breaks down the data. from Insurer - insuranceage.co.uk https://ift.tt/OnxvHkJ

Amwins Global Risks has reorganised its underwriting operations into three entities, including UK-based managing general agent Unicorn Underwriting. from Insurer - insuranceage.co.uk https://ift.tt/n4L19Ku

Howden’s power and renewable energy team has launched a UK quote and bind platform. from Insurer - insuranceage.co.uk https://ift.tt/oGql1CW

The Managing General Agents’ Association has set out it strategic vision and mission for 2025, focusing on education, amplifying its value to members, and data-driven insights. from Insurer - insuranceage.co.uk https://ift.tt/uADW0HL

The Association of British Insurers has calculated insurers paid out a record £585m for weather related damage to people’s home and possessions in 2024. from Insurer - insuranceage.co.uk https://ift.tt/U8xVQ2E

Flood Re has urged the government to spend at least £1bn a year to keep pace with changing climate risks and ensure the protection of homes and businesses in the UK from the devastation flooding brings. from Insurer - insuranceage.co.uk https://ift.tt/2FbRs0k

Stay in the loop with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/WMRAyD5

Australian insurance experts are positive on Allianz Commercial UK’s recent appointment of Phuong Ly telling Insurance Age he is a “great addition”. from Insurer - insuranceage.co.uk https://ift.tt/WD6L2Kk

Arch has made four senior promotions to new regional manager roles across the UK reporting to Mike Bottle, managing director of its UK Regional Division. from Insurer - insuranceage.co.uk https://ift.tt/Slw8CQI

HDI Global has appointed Geoff Godwin from AIG as chief operating officer reporting to Stephanie Ogden, CEO for UK and Ireland. from Insurer - insuranceage.co.uk https://ift.tt/rR8Hy5g

Ecclesiastical uncovered more than £4m in fraudulent claims last year, almost £1m more than in 2023, in an ongoing crackdown. from Insurer - insuranceage.co.uk https://ift.tt/A1lorJf