Insurance Wiki How

HDI Global UK and Ireland has recruited Marcus Breese as head of cyber underwriting, joining from Arch Insurance International. from Insurer - insuranceage.co.uk https://ift.tt/sfpF5GN

NBS Underwriting has added A-rated capacity from Hiscox to its non-standard household product panel. from Insurer - insuranceage.co.uk https://ift.tt/9HtDsfL

Around nine in ten leaders continue to feel upbeat about growth prospects for the second quarter of 2025, according to the latest findings in the KPMG UK Financial Services Sentiment survey. from Insurer - insuranceage.co.uk https://ift.tt/sYgHj69

Convex Group grew gross written premiums by 22% last year to $5.17bn (£4bn) as its combined operating ratio improved to 87.6% from 89.6% in 2023. from Insurer - insuranceage.co.uk https://ift.tt/NXra5uG

With an aim to be the most admired global specialty MGA, Optio Underwriting group CEO Deepak Soni outlines how it attracts top talent, plans to mix organic growth with M&A and discusses the importance of having a PE backer that understands the subtle nuances of how MGAs work. from Insurer - insuranceage.co.uk https://ift.tt/w9anFXN

Japanese insurer Mitsui Sumitomo Insurance has signed up to buy 15% of the shares in New York Stock Exchange listed W.R. Berkley Corporation. from Insurer - insuranceage.co.uk https://ift.tt/QVLtEIp

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

Managing general agent Iprism Underwriting Agency grew 21% in the year to 30 June 2024, building on the 16% achieved the year before, and is eyeing up further expansion in 2025. from Insurer - insuranceage.co.uk https://ift.tt/SPa0qhH

Allianz UK has appointed Adam Lloyd from Allianz Australia as chief underwriting officer in Allianz Commercial and promoted Claire Buck to the newly created role of chief technical officer for the division. from Insurer - insuranceage.co.uk https://ift.tt/0qxYVZ6

Aviva is opening a new regional underwriting branch in Cardiff to service brokers and clients in South Wales, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/cBoHuJk

The Financial Conduct Authority will open a consultation this summer including on the definition of SME used in the insurance market as part of its ongoing review of Consumer Duty rules. from Insurer - insuranceage.co.uk https://ift.tt/RuenqBt

Managing general agents remain pivotal in non-standard but there are “mixed signals” in broker confidence, according to a survey by Prestige Underwriting. from Insurer - insuranceage.co.uk https://ift.tt/nTGvXzs

After a decade of transformation, multi-award-winning Arch is very much open for business with brokers and ready for more profitable growth across its regional network, hub and digital offerings, boss Mike Bottle tells Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/JrOFVNU

Ecclesiastical Insurance improved its combined operating significantly in the UK and Ireland last year as underwriting profits more than doubled. from Insurer - insuranceage.co.uk https://ift.tt/uIXcmLi

Nathan Holt will take over as director of underwriting at legal expenses insurer Arag when David Haynes becomes CEO at the start of April. from Insurer - insuranceage.co.uk https://ift.tt/3mFxlpL

Chris Jones has been appointed as International Underwriting Association CEO succeeding Dave Matcham, who is retiring after 20 years in the role. from Insurer - insuranceage.co.uk https://ift.tt/UFPoMVn

Lloyd’s has confirmed gross written premium of £55.5bn in its 2024 results, up 6.5% from the year before. from Insurer - insuranceage.co.uk https://ift.tt/LDRMmr0

Following its recent brand refresh Oli Williamson, co-founder and chief underwriter, explains how Aspect is seeking to expand its core mid-corporate market offering into new areas such as terrorism and cyber – with an eye very much on how it can leverage technology to improve decision-making. from Insurer - insuranceage.co.uk https://ift.tt/AzXKm7H

Ageas has its strongest pipeline of opportunities with brokers ever as it targets growing to be a podium player, CEO Ant Middle told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/MxknElV

With over 70% of Sabre’s business going through brokers, CEO Geoff Carter has hailed the insurer’s performance and promised there is more to come. from Insurer - insuranceage.co.uk https://ift.tt/41xjvZF

Sabre has posted a 5% rise in gross written premiums as profit after tax nearly doubled in 2024. from Insurer - insuranceage.co.uk https://ift.tt/DCf8pvr

Zurich UK has extended its capacity agreement with Plum Underwriting for a further five years, with ambitions to reach £250m GWP over the term. from Insurer - insuranceage.co.uk https://ift.tt/oUD64um

A recent survey of insurance brokers has shown backing for the establishment of a dedicated regulatory framework for MGAs, with 68% agreeing that the Financial Conduct Authority should regulate MGAs separately from insurers and brokers. from Insurer - insuranceage.co.uk https://ift.tt/Au8nKz1

Peach and Alan Boswell Group have struck their second partnership as the Top 100 Broker aims to grow its bespoke scheme for complementary therapists. from Insurer - insuranceage.co.uk https://ift.tt/z6IgjJn

A seasoned professional indemnity underwriter, Darren Galloway, managing director of new MGA Elmlake Underwriting, explains how it plans to fuse both traditional and modern approaches to offer a one-stop shop for brokers and their clients. from Insurer - insuranceage.co.uk https://ift.tt/CdFvToW

Aviva has announced the 28 winners of the 2024 Aviva Broker Community Fund sharing a pot of £235,000. from Insurer - insuranceage.co.uk https://ift.tt/kP8mYN6

Zurich UK uncovered £97.49m of fraudulent claims in 2024, around £260,000 per day. from Insurer - insuranceage.co.uk https://ift.tt/eCbmMBS

Aligning risks properly with the appetite of insurers and MGAs is key to maximising the effort and time brokers spend with their placement strategies. Edward Murray explores how this can also mitigate issues should an agency be withdrawn. from Insurer - insuranceage.co.uk https://ift.tt/8DSc3Lt

The Association of British Insurers has welcomed the Financial Conduct Authority’s decision not to push ahead with enforcement investigation publicity plans, also known as ‘name and shame’. from Insurer - insuranceage.co.uk https://ift.tt/sHTym7C

Regulators have ended work on proposed rules and expectations aimed at improving diversity and inclusion in regulated firms. from Insurer - insuranceage.co.uk https://ift.tt/82NILVy

The Financial Conduct Authority is not going ahead with changes to announcing enforcement investigations, proposals that were labelled ‘name and shame’ and led to a huge outcry across the financial services market. from Insurer - insuranceage.co.uk https://ift.tt/aV2zWUT

Lloyd’s insurer MS Amlin and its sister company Mitsui Sumitomo Insurance Company (Europe) (MSIG UK), have announced plans to expand their London Market footprint with the launch of a new dual-stamp underwriting capability.  from Insurer - insuranceage.co.uk https://ift.tt/O0AqCo6

Cyber manging general agent Onda has launched Onda X, a new product that supports mid-market companies in the UK and France. from Insurer - insuranceage.co.uk https://ift.tt/i53hAqQ

Shareholders of Direct Line Group have given overwhelming backing to the Aviva takeover by voting in favour of the proposal at its annual general meeting. from Insurer - insuranceage.co.uk https://ift.tt/JsqhGlm

Lloyd’s has unveiled a combined operating ratio of 86.9% for 2024, with gross written premium rising to £55.5bn, in a trading update ahead of its full results later this month. from Insurer - insuranceage.co.uk https://ift.tt/JVX68TW

The Acturis Commercial Broking Index reveals further premium increases at the end of the year, but experts predict the market is set for softening in 2025. Ida Axling reports. from Insurer - insuranceage.co.uk https://ift.tt/c7qLd6G

Keep up to date with the latest insurance industry personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/D5q6T2P

Aviva has made enhancements to its digital commercial combined insurance proposition, in response to broker feedback that it can be challenging to place more complex risks online. from Insurer - insuranceage.co.uk https://ift.tt/rZPLByW

Admiral saw its UK profit rise by 64% to £977m in its 2024 results, with the insurance group attributing 17% to the change in the Ogden personal injury discount which improved to 0.5% last year. from Insurer - insuranceage.co.uk https://ift.tt/XCp5bPa

Bspoke has completed a bolt-on deal and has a “fair bit” of ongoing activity, group CEO Tim Smyth told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/Fubw8GC

Direct Line Group has reported an operating profit of £205m for 2024, more than reversing a £189.9m loss the year before. from Insurer - insuranceage.co.uk https://ift.tt/wVY5F60

Aviva has written to brokers that use its own e-trading platform Fast Trade - as well as Acturis E-Trade - telling them they can set their own commission rates within set parameters, Insurance Age has learned. from Insurer - insuranceage.co.uk https://ift.tt/iaYGown

Markel has named Nicola Cunliffe as head of trading in the UK, with responsibility for brokers’ experience when dealing with the insurer. from Insurer - insuranceage.co.uk https://ift.tt/ZCGXcJ2

Flood Re has appointed Perry Thomas as CEO succeeding Stuart Logue, who has been leading the organisation on an interim basis since last August. from Insurer - insuranceage.co.uk https://ift.tt/RNh02xo

Looking to mend the disconnect between MGAs and carriers to get back to the ‘win-win situation’ where consistency and partnerships are a focus, Carrow Insurance will only write in product areas it has deep-seated expertise, CEO Ronan Conboy tells Jonathan Swift. from Insurer - insuranceage.co.uk https://ift.tt/7HqiRXL