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Showing posts from March, 2026

MGA Optio expands marine offering with UK deal

Optio Group has bought London-based managing general agent Gardian Marine for an undisclosed sum, subject to regulatory approval. from Insurer - insuranceage.co.uk https://ift.tt/6SUqF98

Brokers digitally self-servicing hits 90%, Aviva finds

Brokers’ appetite for digital self-service is rising, with 90% now happy to manage business digitally, up 10% year on year, according to Aviva’s latest broker barometer. from Insurer - insuranceage.co.uk https://ift.tt/aGkujnF

Floods-impacted homeowners hit with 121% premium gap

Homeowners living in properties that have previously been flooded are paying 121% more than the UK average, according to new research. from Insurer - insuranceage.co.uk https://ift.tt/DUIfgOz

Folgate grows PI appetite with new product and recruit

Folgate Underwriting Agency has appointed Paul Freeman from Liberty Specialty Markets as chief underwriting officer for professional indemnity, to lead its PI team as it launches a financial advisers and mortgage brokers product. from Insurer - insuranceage.co.uk https://ift.tt/ZKf2wWC

Granite moving onto broker software houses

Niche and non-standard motor specialist Granite Underwriting will be rolling out products on at least one software house this year, managing director Alistair Rose told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/7JZGdKc

Meet the MGA: Kovrilo co-founder and commercial director Sonia Habib

Kovrilo co-founder Sonia Habib speaks to Jonathan Swift about how its use of technology, adherence to claims excellence and a pick n’ mix modular approach means the start-up MGA is much more than just another commercial combined player. from Insurer - insuranceage.co.uk https://ift.tt/3x9k6GY

Policy Expert grows GWP, policy count and profits in 2025

Personal lines specialist Policy Expert grew gross written premium across home, motor and pet insurance to £485m in 2025 as pre-tax profits increased. from Insurer - insuranceage.co.uk https://ift.tt/pWkJPEN

UK–EU Gibraltar Agreement 2026: what it means for the insurance industry

A new draft agreement has prompted questions from insurance groups about whether Gibraltar’s proposed Transaction Tax might change the treatment of insurance services supplied by companies based there. Mark Ellis, a partner at PKF Littlejohn examines the implications. from Insurer - insuranceage.co.uk https://ift.tt/lb6DWeS

rrelentless targets SMEs and mid-market with management liability launch

Managing general agent rrelentless has strengthened its financial lines proposition with the launch of a management liability product as it seeks to be ‘a go-to market for brokers’. from Insurer - insuranceage.co.uk https://ift.tt/V37DTc4

Aviva to open US commercial lines branch in New York

Aviva is setting up an onshore surplus lines business in the US, based in New York City, with a target of starting to trade in the second quarter of this year in a move it claimed will strengthen its proposition for brokers and clients. from Insurer - insuranceage.co.uk https://ift.tt/r4VH7In

Catlin steps down with Le Blanc named Convex chairman

Stephen Catlin is stepping down as chairman of Convex, staying with the business as a director, with Bobby Le Blanc succeeding him. from Insurer - insuranceage.co.uk https://ift.tt/QSAiPkb

Aviva unveils ChatGPT insurance app

Aviva is set to launch an app on ChatGPT where customers can get an initial home insurance quote in just a couple of minutes. from Insurer - insuranceage.co.uk https://ift.tt/j8O1u3R

Walker to lead Axa’s combined commercial and retail business following restructure

Axa UK & Ireland has created a general insurance business, Axa Insurance UK, with Jon Walker leading the unified UK commercial and retail business units as CEO. from Insurer - insuranceage.co.uk https://ift.tt/7HAlcT6

Dual UK enters credit risk insurance market

Dual UK has rolled out long-term credit risk insurance with an AA- rated policy it claimed can support cross-border trade. from Insurer - insuranceage.co.uk https://ift.tt/wce2nZB

Arc Legal launches Renters Rights ready cover for landlords

Arc Legal has launched an enhanced landlords legal expenses proposition for brokers, managing general agents and letting agents, flagging it came in readiness for implementation of the Renters’ Rights Act on 1 May 2026. from Insurer - insuranceage.co.uk https://ift.tt/wve4ViT

HDI launches new portal for fleet owners and brokers

HDI Global UK & Ireland has launched a new centralised motor fleet portal, which it claims will provide “a one-stop digital platform for fleet operators and brokers”. from Insurer - insuranceage.co.uk https://ift.tt/9p3lV4N

FCA warns of two cloned websites of Gauntlet AR

The Financial Conduct Authority has warned of fraudsters claiming to be Gauntlet appointed representative J L Insurance Solutions, highlighting two extensive cloned websites. from Insurer - insuranceage.co.uk https://ift.tt/k1vSWFr

People Moves: 16 – 20 March 2026

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/h15znxF

ANV buys Blink Intermediary Solutions owner

Recently formed ANV Group, owner of Arc Legal, Collegiate, Qualis and Abacus, has signed up to buy Blink Intermediary Solutions owner Iris Insurance Brokers. from Insurer - insuranceage.co.uk https://ift.tt/d3jrOwl

Lloyd’s insurer targets SMEs with new cyber launch

Lloyd’s insurer Brit has launched C360, a new cyber product for SMEs which aims to give broker clients access to simple but broad cover. from Insurer - insuranceage.co.uk https://ift.tt/9m4sLA7

Lloyd’s reveals “strong” underwriting performance and “disciplined” growth in 2025

Lloyd’s has revealed a 4.2% hike in gross written premium to £57.9bn in 2025, and a new five-year strategy, as pre-tax profit broke through the £10bn barrier. from Insurer - insuranceage.co.uk https://ift.tt/9wUc4KH

Sodalis buys MGA Amiga Specialty

Sodalis Capital, the recently created investment venture focused on international insurance intermediaries, has snapped up managing general agent Amiga Specialty in a £1.8m deal that sees private equity house BP Marsh exit but keep a stake in the new owner. from Insurer - insuranceage.co.uk https://ift.tt/1N4fFYB

Blog: The evolving role of AI in the insurance claims process

With it almost certain that AI is being used somewhere in the claims process, Simon Murray, head of insurance digital and business services at law firm DWF, tackles the upsides and the downsides, looks at what might come next and the key questions for brokers. from Insurer - insuranceage.co.uk https://ift.tt/j8uvMAD

MGA promotes four to new head office roles

Managing general agent NBS Underwriting has promoted four people to newly created head office roles, in a move designed to strengthen the leadership team and support ongoing growth. from Insurer - insuranceage.co.uk https://ift.tt/m6rxNPw

Markel raids another senior hire from Axa and one from Intact

Markel Insurance has hired from Axa again appointing Joanne Foreman as head of broker change, and taking Laura Fox from Intact. from Insurer - insuranceage.co.uk https://ift.tt/5ZtNWio

M&A expert ‘sceptical’ over Intact’s UK broker investment push

The move by the wider Intact Group to acquire a stake in a UK broker is unlikely to lead to a tide of others doing something similar. from Insurer - insuranceage.co.uk https://ift.tt/NHVgJuK

People Moves: 9 – 13 March 2026

Keep up to date with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/6RmYQhV

Allianz UK prevents almost £174m in fraud in 2025 record

Allianz UK’s fraud team detected and saved nearly £174m in fraudulent claims in 2025, a record level for the insurer. from Insurer - insuranceage.co.uk https://ift.tt/srYi85T

Q&A: Pen’s Nick Wright

Nick Wright, chief business development officer at Pen Underwriting, tackles its recent M&A quietness, capacity in the market and the benefits to brokers from niche products. He updates on the goal of hitting £1.75bn GWP by 2030, streamlining its agency base and shares why he thinks the Gallagher-owned MGA will “go from strength to strength” as he forecasts casualties in the space in the next few years. from Insurer - insuranceage.co.uk https://ift.tt/VXYsU5t

Axa updates two products

Axa UK Commercial has made enhancements to its offices and surgeries, and digital mini fleet products. from Insurer - insuranceage.co.uk https://ift.tt/PaEMJ7X

Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover. from Insurer - insuranceage.co.uk https://ift.tt/scvUPNK

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024. from Insurer - insuranceage.co.uk https://ift.tt/QmsZGBw

Sabre ‘all in’ on broker support as CEO Carter eyes growth after profit boost in 2025

Sabre is ready to grow with brokers as the provider promised the sector it “can rely on us to provide competitive prices through our part of the market through this year’” CEO Geoff Carter told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/Xh5wMrv

Alps enhances landlord legal expenses and rent protection product

Managing general agent Alps has updated its landlord legal expenses and rent protection product, in a move designed to support landlords as they navigate the implications of the Renters’ Rights Act. from Insurer - insuranceage.co.uk https://ift.tt/dqYxUch

Sabre trims GWP but boosts profit in 2025

Motor specialist insurer Sabre grew post tax profits by 5.3% in 2025 and kept its ‘underwriting discipline’ as gross written premium shrank 14.2%. from Insurer - insuranceage.co.uk https://ift.tt/jpHSDo5

Pen launches into mid-market PI

Pen Underwriting has launched into the UK mid-market professional indemnity space, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/BhmZ7ES

Soft market a ‘critical opportunity’ for brokers to tackle underinsurance

Brokers are increasingly seeing their role as pivotal in fixing underinsurance, with 87% agreeing they should proactively address it, up from 80% last year, according to Aviva. from Insurer - insuranceage.co.uk https://ift.tt/st9X24j

Allianz transfers 12 strong team after agreeing MGA deal

Allianz Commercial has entered into a strategic agreement with MGA Reel Media, a wholly owned subsidiary of Paragon Insurance Holdings, to create a new partnership in the global entertainment insurance market. from Insurer - insuranceage.co.uk https://ift.tt/6WYzMhe

Axa partners with regional broker focused MGA

Axa UK Commercial has partnered with Unicorn, a managing general agent providing underwriting services to SMEs. from Insurer - insuranceage.co.uk https://ift.tt/sh4LC7N

News analysis: Will NCDs for fleets catch on, and what does the future hold for the CV sector?

Last year, Zurich Insurance announced it was enhancing its SME e-trade fleet offering by accepting no claims discount (NCD) claims history in response to broker demand. Saxon East examines the ramifications of this move – and explores other dynamics shaping the CV market in 2026 and beyond.  from Insurer - insuranceage.co.uk https://ift.tt/rL8SCUF

Coalition claws back £16.4m of policyholders’ stolen funds in 2025

Cyber insurer Coalition recovered £16.4m in stolen funds for policyholders around the world last year, with an average recovery of £152,053. from Insurer - insuranceage.co.uk https://ift.tt/NYKzexF

ERS launches ultra-HNW motor offering

ERS has launched Private Client Ultimate, a proposition developed for high-net worth individuals with complex motor risks to provide specialist cover for single vehicles valued at £350,000 and vehicle collections valued at £500,000. from Insurer - insuranceage.co.uk https://ift.tt/5XgjMIw

People Moves: 2 – 6 March 2026

Follow the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/kSWvtx4

Storah promises brokers more to come as Aviva reaches sub 94% ‘North Star’ COR

Aviva grew gross written premium and policy numbers in a “challenging” SME market, Jason Storah, CEO for UK and Ireland general insurance at Aviva, confirmed to Insurance Age as he promised further broker focus after its 2025 results. from Insurer - insuranceage.co.uk https://ift.tt/yqB807W

Aviva posts UK commercial growth as Direct Line boosts GWP to over £9bn

Aviva grew UK commercial premiums by 7% to £3.85bn last year as it improved the combined operating ratio in the line to 93.9% from 95.4%. from Insurer - insuranceage.co.uk https://ift.tt/yn257ct

Admiral breaks £1bn barrier for UK motor profit in 2025

Admiral’s UK insurance business has reported a 11% jump in profit to £1.09bn in 2025 (2024: £977bn) on a turnover of £5bn (2024: £5.1bn) with motor contributing £1.02bn (2024: £955m) and household, travel and pet £62m (2024: £22m). from Insurer - insuranceage.co.uk https://ift.tt/qD7fLsE

Policy Expert recruits from PIB for new COO to replace co-founder Powell

Personal lines specialist Policy Expert has appointed Richard Kirby as chief operating officer to support what it has described as “its next phase of growth”. from Insurer - insuranceage.co.uk https://ift.tt/CxioXlg

Beazley profit drops 19% in year prior to Zurich deal

Beazley has reported a profit before tax of $1.14bn (£857.99m) in the year ended 31 December 2025, down from $1.42bn in 2024, as insurance written premiums stayed stagnant. from Insurer - insuranceage.co.uk https://ift.tt/XhKeI3W

Zurich and Beazley deal ‘not about laying off staff’ – CEO Greco

Zurich CEO Mario Greco has made clear the £8.1bn acquisition of Beazley is “not about laying off staff” as he noted Beazley will become fully part of Zurich in 2027. from Insurer - insuranceage.co.uk https://ift.tt/l09aB2I

Zurich takeover of Beazley a step closer after boards agree on all-cash offer

The respective boards have agreed the terms of a recommended all-cash offer by Zurich for the entire issued and to be issued share capital of Beazley. from Insurer - insuranceage.co.uk https://ift.tt/QmTX9rb