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Showing posts from June, 2025

Cowbell targets cyber insurance education to increase uptake

Simon Hughes, senior vice-president of global distribution at Cowbell, looks to grow the cyber insurance market by educating brokers, as the UK team continues to expand. from Insurer - insuranceage.co.uk https://ift.tt/pwrNnxs

Arkel rolls out landlords product on Acturis

Managing general agent Arkel has added its landlords let property insurance ‘Premier Let’ to Acturis meaning it now has products on every software house. from Insurer - insuranceage.co.uk https://ift.tt/xBHaFDk

People Moves: 16 – 20 June 2025

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/mn9HJF3

Allianz confirms broker commitment amid job losses

Allianz has promised no disruption to the way it serves brokers and reiterated its long-term commitment to the sector as it goes through the process of cutting 650 jobs in the UK. from Insurer - insuranceage.co.uk https://ift.tt/GXd1ouD

Car premium drops continue as prices hit two-year low

Comprehensive car insurance premiums fell by 3% in the last three months, taking the annual decline to 16%, according to research by Confused and WTW. from Insurer - insuranceage.co.uk https://ift.tt/MXAuUkG

Allianz confirms 650 job cuts in UK

Allianz is to cut 650 jobs in the UK, just over 10% of its workforce, by the end of 2025. from Insurer - insuranceage.co.uk https://ift.tt/Zr5aVD8

Liberty Specialty Markets creates director of UK retail role in restructure

Liberty Specialty Markets has named Dermot Walsh, currently head of commercial property, as director of UK retail. from Insurer - insuranceage.co.uk https://ift.tt/fFaSyr5

BP Marsh buys into property specialist MGA

Private equity house BP Marsh & Partners has revealed its second insurance investment in a month taking a 27% stake in Cameron Specialty. from Insurer - insuranceage.co.uk https://ift.tt/KGp0zVY

Aviva/DLG set for July as regulators rubber stamp takeover

The Financial Conduct Authority and the Prudential Regulation Authority have given the greenlight to Aviva buying Direct Line Group clearing a pathway for the deal to complete next month. from Insurer - insuranceage.co.uk https://ift.tt/8mqWfl9

Cyber provider Cowbell hires director of claims in the UK

Cowbell, a provider of cyber insurance for SMEs and middle-market business, has recruited Kirsten Maley from CFC for the newly created role of director of claims UK. from Insurer - insuranceage.co.uk https://ift.tt/QUtNISi

Insurers and MGAs line up to support brokers amid Applied Epic exit

Insurer and managing general agent leaders have committed to help brokers deal with the impact of Applied Systems cutting Epic from the UK market. from Insurer - insuranceage.co.uk https://ift.tt/flRY8BH

ABI hails ‘welcome relief’ of government’s flood defence spending commitment

The Association of British Insurers has welcomed the government committing to spend £7.9bn on flood defences over the next decade. from Insurer - insuranceage.co.uk https://ift.tt/sDL2BN9

ERS promotes Annie Ward to head up bespoke personal lines and agriculture

ERS has promoted Annie Ward to head of bespoke personal lines and agriculture from being product manager for bespoke personal lines. from Insurer - insuranceage.co.uk https://ift.tt/gBxaVfw

Underinsurance concerns remain high despite slight easing – Aviva research

Aviva’s latest Broker Barometer has revealed 68% of brokers believe clients may be underinsured which while still high has eased slightly. from Insurer - insuranceage.co.uk https://ift.tt/cIvCyU1

CFC recruits Markel stalwart Line as next CUO

Specialist insurer CFC has announced that Nick Line will take over as chief underwriting officer in 2026, after 28 years at Markel where he has held the role of CUO since 2018. from Insurer - insuranceage.co.uk https://ift.tt/MZ84LtJ

Applied’s UK Epic withdrawal a “sad day” for brokers

Applied Systems pulling its Epic offering from the UK underlines how competitive the market is but is sad news for brokers and staff, according to experts. from Insurer - insuranceage.co.uk https://ift.tt/yn2bisS

Flood defence commitment welcomed amid calls for more sustained funding

Insurance industry leaders have welcomed the government’s commitment to flood defence investment in the Spending Review; but cautioned more needs to be done to protect UK homes and the economy. from Insurer - insuranceage.co.uk https://ift.tt/6INFtry

GWP and profit up at Arag ahead of full Das integration

Arag UK has posted a 17.7% increase in gross written premium under management in 2024 driven by its commercial, family, assistance and ATE business, the legal expenses insurer has reported. from Insurer - insuranceage.co.uk https://ift.tt/mLJpwYk

Markel targets insurtechs with new launch

Markel Insurance has launched InsurtechRisk+ building on its existing offering for fintechs. from Insurer - insuranceage.co.uk https://ift.tt/lJfFQSr

South Korean insurer ups stake to 40% in specialty underwriter

Samsung Fire & Marine Insurance has entered into an agreement to purchase an additional 21% equity stake in the Canopius Group, bringing its shareholding to 40%. from Insurer - insuranceage.co.uk https://ift.tt/LAIxX87

CII calls for 2025 New Generation Programme applications

The Chartered Insurance Institute 2025 New Generation Programme has opened for entries with brokers having until 18 August to apply. from Insurer - insuranceage.co.uk https://ift.tt/M0AI5qa

MGA aims to ‘mitigate underinsurance’ with Lloyd’s-backed product

Aurora, the specialist algorithmic managing general agent, has launched a new property owners’ insurance product. from Insurer - insuranceage.co.uk https://ift.tt/R4Fe2zo

RSA unveils new commercial MD as Bryson departs

RSA has appointed Tovah Grosscurth as commercial lines managing director with immediate effect, subject to regulatory approval. from Insurer - insuranceage.co.uk https://ift.tt/clnvraQ

Ghost broker sentenced

A ghost broker has been sentenced to 12-months imprisonment, suspended for 12 months with a requirement to complete 150 hours of unpaid work, after selling two fraudulent motor insurance policies to unsuspecting members of the public. from Insurer - insuranceage.co.uk https://ift.tt/t6DLEpF

People Moves: 2 – 6 June 2025

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

Hiscox launches affirmative AI cover for tech businesses

Hiscox UK has updated its insurance for technology businesses to include affirmative cover for AI-related claims. from Insurer - insuranceage.co.uk https://ift.tt/rLFNphW

Mike Petchey promoted to Markel head of schemes

Markel has appointed Mike Petchey head of schemes to lead its broker-led specialist proposition. from Insurer - insuranceage.co.uk https://ift.tt/nlIyobx

Aviva first to launch on Acturis Unify

Aviva is the first insurer to join Acturis’ artificial intelligence and data-driven placement strategy tool Unify. from Insurer - insuranceage.co.uk https://ift.tt/YSwg6nr

FCA confirms enforcement transparency after previous name and shame u-turn

The Financial Conduct Authority has published its Enforcement Guide, confirming the dropping of name and shame proposals in favour of keeping its ‘exceptional circumstances’ test. from Insurer - insuranceage.co.uk https://ift.tt/GOFnmj5

Consumer trust in insurers hits lowest point since 2021 – Fairer Finance

Public trust in the insurance industry has dropped to its lowest level in four years, according to the latest Trust in Insurance Index from Fairer Finance. from Insurer - insuranceage.co.uk https://ift.tt/XuM9q3s

City of London Police leads nationwide crackdown on ghost broking

The City of London Police’s Insurance Fraud Enforcement Department has led a nationwide period of action targeting ghost brokers in a coordinated crackdown on insurance fraud. from Insurer - insuranceage.co.uk https://ift.tt/7SFgIPp

Peach grows appetite in hairdressing scheme expansion with Starpeak

Peach has extended its backing for Starpeak’s hairdressing insurance offering to include property cover. from Insurer - insuranceage.co.uk https://ift.tt/imPIFSJ

New MGA to target recruitment companies

Acies MGU has created a new managing general agent, Acies Specialist Schemes, launching with an offering for recruitment companies. from Insurer - insuranceage.co.uk https://ift.tt/pgHlKui

Aspect grows product range again with liability offer

Managing general agent Aspect has broadened its product range with liability cover now being offered alongside property risk underwriting. from Insurer - insuranceage.co.uk https://ift.tt/bIsE9wX

British businesses embracing AI – QBE

More than 9 in 10 UK businesses (95%) are now using artificial intelligence or looking into it, according to research by QBE. from Insurer - insuranceage.co.uk https://ift.tt/L4RN2dI