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Showing posts from April, 2025

No new FCA skilled persons investigations into insurance in final quarter

The Financial Conduct Authority did not commission any skilled person reports in the insurance sector between January and March, leaving the running total for the 2024/25 financial year at 10. from Insurer - insuranceage.co.uk https://ift.tt/wvM6k0G

Biba 2025 Countdown: Coalition’s Tom Draper

Coalition UK managing director Tom Draper looks forward to filling an extra bag with Biba swag and giveaways; explains why Oasis’ Stand By Me sums up the event perfectly; and explains how it will be supporting brokers with relevant, real-world content on its stand. from Insurer - insuranceage.co.uk https://ift.tt/f3jMFzS

Aviva Health boss Steve Bridger takes claims role as Waseem Malik exits

Aviva has appointed Steve Bridger as chief claims officer for UK and Ireland general insurance, replacing Waseem Malik who has left the business. from Insurer - insuranceage.co.uk https://ift.tt/X3pOw4W

Biba 2025 Countdown: Beazley’s Sam Franks

Sam Franks, country manager and head of partner engagement for the UK & Ireland at Beazley, promises plenty of pink and underwriters on its stand; offers advice about how brokers can differentiate themselves from their peers in the market; and looks forward to being energised and reconnected after the event. from Insurer - insuranceage.co.uk https://ift.tt/MnemuJE

People Moves: 22 – 25 April 2025

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

UK commercial rates falling faster – Marsh

The pace of UK commercial insurance rates dropping quickened in the first quarter of the year, outstripping the global fall. from Insurer - insuranceage.co.uk https://ift.tt/4UTV5vr

Gibson and Johnson set to leave Allianz after claims merge

Graham Gibson, chief claims officer for Allianz Commercial, and Caroline Johnson, claims director for Allianz Personal, are set to exit the insurer in Q4. from Insurer - insuranceage.co.uk https://ift.tt/c3bSgx9

Cowbell makes first move beyond standalone cyber insurance in UK with PI launch

Cowbell, provider of cyber insurance for SMEs and middle-market businesses, has launched professional indemnity and cyber cover for technology companies with up to £1bn in annual turnover. from Insurer - insuranceage.co.uk https://ift.tt/gmjDvdN

Axa swings back to UK underwriting profits in 2024

Axa Insurance UK returned to underwriting profit in 2024 with a £45m result, reversing a £103m deficit in 2023. from Insurer - insuranceage.co.uk https://ift.tt/UNBKfFY

Biba 2025 countdown: Arch Insurance UK’s Janine Starkie

Janine Starkie, regional manager for the North and Scotland at Arch Insurance UK teases a special guest for its event at the Exhibition Bar; reveals she has snagged Oasis tickets; and looks forward to promoting its ‘hub-and-spoke’ model that ensures underwriters are exactly where brokers need them. from Insurer - insuranceage.co.uk https://ift.tt/5z2S9Zq

IPT receipts surge 9% to £8.88bn in 2024/25

Data from HMRC has confirmed receipts from Insurance Premium Tax jumped by £737m in the 2024/25 financial year reaching a new high of £8.88bn. from Insurer - insuranceage.co.uk https://ift.tt/Akbv3ue

Biba 2025 Countdown: Bridgehaven’s Paul Jewell

Paul Jewell, CEO of Bridgehaven hails Mike Keating’s ability to not park the bus; looks forward to discussing the exciting opportunities presented by alternative capacity providers; and recommends delegates visit Manchester’s answer to Hogwarts. from Insurer - insuranceage.co.uk https://ift.tt/RuSHQUx

Brokers see growth opportunities in non-standard property

Brokers have ranked unoccupied homes as top of the key growth areas list in a Prestige Underwriting survey on the non-standard market. from Insurer - insuranceage.co.uk https://ift.tt/V71XGUH

Ecclesiastical grows presence in Scotland opening office in Glasgow

Ecclesiastical Insurance has opened an office in Glasgow after it saw a surge in new business in Scotland. from Insurer - insuranceage.co.uk https://ift.tt/G6yIEHR

Biba 2025 Countdown: Markel’s Jo Sykes

Jo Sykes, divisional director, broker & ATE UK at Markel, promises a partnership with an Olympic champion; expects to see another uptick in attendance at its annual hospitality event; and looks forward to putting her sore feet up and checking the iPad for action points at the end of it all. from Insurer - insuranceage.co.uk https://ift.tt/u1ZAJWj

Axa warns brokers on criminal gangs targeting vacant commercial properties

Axa UK has urged brokers to make sure customers are vigilant about criminal gangs targeting empty commercial properties as the insurer has seen a steep rise in the problem in recent months. from Insurer - insuranceage.co.uk https://ift.tt/SOAlEto

People Moves: 14 – 17 April 2025

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/4iZsPo2

Markel to buy London-headquartered marine MGA

Markel has inked a deal to buy specialist marine managing general agent The MECO Group. from Insurer - insuranceage.co.uk https://ift.tt/0HYad9x

Ageas CEO Middle reassures brokers after Esure deal

Ageas will keep its focus on growing with brokers, CEO Ant Middle committed, as the Esure takeover creates a “balanced” portfolio with 50% of business still through the broking channel. from Insurer - insuranceage.co.uk https://ift.tt/Nd0SyKJ

Biba 2025 Countdown: QBE’s Stacey Flannery

With only one month to go until the Biba 2025 conference, Stacey Flannery, head of trading (Manchester) at QBE, kicks off Insurance Age’s countdown series. from Insurer - insuranceage.co.uk https://ift.tt/vXWDZYw

Ripe completes GJW Direct buy

Ripe has bought boat insurance specialist GJW Direct from Munich Re Specialty. from Insurer - insuranceage.co.uk https://ift.tt/QO78G4M

Ageas claims ‘number three’ UK personal lines position with £1.3bn Esure deal

Ageas has reached an agreement with Bain Capital to acquire Esure to create what it claims is the third largest UK personal lines player. from Insurer - insuranceage.co.uk https://ift.tt/WMrv6Tp

Allianz launches solar inspection service

Allianz Engineering has launched an inspection service for solar photovoltaic (PV) systems, aimed at businesses and industrial sites. from Insurer - insuranceage.co.uk https://ift.tt/k8zi9Is

Axa committed to regional PL market – intermediary director Matt Field

Matt Field, director of intermediary at Axa retail, has told Insurance Age the insurer is “committed” to the regional intermediary market, and is focusing on sustainable growth. from Insurer - insuranceage.co.uk https://ift.tt/sZNrqLF

Covea returns to profit as GWP drops

Covea Insurance has reported profit after tax of £32.9m, swinging out of the red, for the year ended 31 December 2024. from Insurer - insuranceage.co.uk https://ift.tt/SfFpKL5

Saga unveils broking and underwriting results ahead of Ageas deal completion

Saga’s insurance broking arm reported a total earned underlying profit before tax of £14.4m in 2024 (2023: £39.8m) in its final full year results before it completes a new distribution partnership with Ageas. from Insurer - insuranceage.co.uk https://ift.tt/UbG84dE

Addept enters legal expenses market with double launch

Addept Insurance Services has today announced the launch of the first of a new suite of legal expenses insurance products. from Insurer - insuranceage.co.uk https://ift.tt/HzvYlpB

People Moves: 31 March – 4 April 2025

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

CII responds to FCA’s proposal to scrap minimum insurance training hours

The Chartered Insurance Institute has no plans to alter its Continuous Professional Development expectations for members in light of the Financial Conduct Authority’s proposal to end the specified minimum hours of training and development required for insurance employees. from Insurer - insuranceage.co.uk https://ift.tt/mp0f8yo

Ex-Hiscox HNW boss Holmes’ new broker employer revealed

Specialist Risk Group has recruited Hiscox’s former high net worth broker boss Nicola Holmes. from Insurer - insuranceage.co.uk https://ift.tt/0WpAHt5

Two specialty MGAs set to merge

Managing general agents Nirvana and Pulse have announced plans to merge their businesses. from Insurer - insuranceage.co.uk https://ift.tt/7sXd0UB

News analysis: What does Aviva’s commission flex move mean for brokers and their customers?

In February, Aviva told brokers using e-trading platforms Fast Trade and Acturis E-Trade that they could set their own commission rates within set parameters of between 0% and 35%. Saxon East explores this move means for brokers, their customers and the wider SME market. from Insurer - insuranceage.co.uk https://ift.tt/r3jvcJT

Meet the MGA: MX Underwriting

Ian Cook, managing director at MX Underwriting, explains why he believes MGAs are not suffering a capacity crunch, and outlines plans to write in excess of £200m GWP in 2025 and add to MX’s product range and capability. from Insurer - insuranceage.co.uk https://ift.tt/is4epTJ

Deal-linked Esure swings back to profit

Motor and home insurer Esure, previously touted as takeover target for Ageas, Allianz and Aviva, moved back into the black in 2024 with a £57.7m post tax profit reversing a loss of £60.1m the year before. from Insurer - insuranceage.co.uk https://ift.tt/R9lxTZy