business and finance Home insurance premiums increase By www.insuranceage.co.uk Published On :: Fri, 21 Feb 2020 12:47:47 +0000 Effect of storms is feeding through into premium costs. Full Article
business and finance FCA removes Triton Insurance Brokers' right to conduct regulated business By www.insuranceage.co.uk Published On :: Fri, 21 Feb 2020 16:40:56 +0000 Customers told to check the validity of their policy with their insurer. Full Article
business and finance Allianz UK COR deteriorates to 97.8% By www.insuranceage.co.uk Published On :: Mon, 24 Feb 2020 10:53:11 +0000 Challenging fourth quarter hits the provider as operating profit falls by 35% but CEO Dye remains upbeat. Full Article
business and finance Stanhope Cooper owner buys HNW broker By www.insuranceage.co.uk Published On :: Tue, 25 Feb 2020 11:01:11 +0000 Exclusive: Insurance Tailors, based in Twickenham, has been purchased by the specialist broker’s parent firm for an undisclosed sum. Full Article
business and finance RSA reports “strong results” after “disappointing” 2018 By www.insuranceage.co.uk Published On :: Thu, 27 Feb 2020 10:59:11 +0000 Performance at group and UK & International level improved and COR was 95.0% as the business noted the impact of discipline and portfolio exits. Full Article
business and finance RSA is "getting its mojo back" says UK boss Scott Egan By www.insuranceage.co.uk Published On :: Thu, 27 Feb 2020 13:55:39 +0000 Egan points to growth in RSA's regional commercial broker book as UK business moves back into profit. Full Article
business and finance ERS says Ogden drove up COR in 2019 By www.insuranceage.co.uk Published On :: Fri, 28 Feb 2020 15:50:06 +0000 Profit and GWP improved at the motor provider. Full Article
business and finance Sutton Winson snaps up health and protection broker By www.insuranceage.co.uk Published On :: Mon, 02 Mar 2020 12:14:24 +0000 Broker says acquisition of Flexible Health will allow it to expand its private medical insurance offering to individuals. Full Article
business and finance GRP hub Greens makes first deal of 2020 By www.insuranceage.co.uk Published On :: Tue, 03 Mar 2020 09:52:25 +0000 Broker buys Hastings-based SME and personal lines specialist Manor Insurance Services as it reveals it has more deals in the pipeline. Full Article
business and finance Go Compare owner sees profit slip By www.insuranceage.co.uk Published On :: Tue, 03 Mar 2020 11:32:31 +0000 GoCo Group’s preliminary results suggested operating profit would drop more than 46% amid transformation plan. Full Article
business and finance MPs urge insurance sector to focus on financial inclusion By www.insuranceage.co.uk Published On :: Tue, 03 Mar 2020 12:04:45 +0000 Insurance Cares: Aon and Aviva push to get social landlords to make use of their tenants contents insurance schemes in order to help vulnerable customers, as MPs outline challenges for the industry. Full Article
business and finance Profits fall at Direct Line in 2019 By www.insuranceage.co.uk Published On :: Tue, 03 Mar 2020 16:54:29 +0000 COR deteriorated to 92.2% as provider says results were impacted by Ogden and restructuring costs. Full Article
business and finance Be Wiser stems losses in 2019 results By www.insuranceage.co.uk Published On :: Thu, 05 Mar 2020 08:35:20 +0000 Broker posted a loss of £669,000 for 2019 as it projects a return to profitability in 2020 as a result of streamlining and reorganisation. Full Article
business and finance Admiral co-founder and CEO to step down By www.insuranceage.co.uk Published On :: Thu, 05 Mar 2020 08:59:22 +0000 David Stevens will be replaced by Milena Mondini de Focatiis, currently head of UK and European Insurance. Full Article
business and finance Aviva UKGI profit falls by 35% By www.insuranceage.co.uk Published On :: Thu, 05 Mar 2020 11:00:36 +0000 Aviva says UK business was impacted by an alignment of the UK digital business with GI, as CEO Maurice Tulloch says provider has made "good progress" on its cost-cutting plan. Full Article
business and finance Aviva confirms partial pull-back from personal lines broker market By www.insuranceage.co.uk Published On :: Thu, 05 Mar 2020 16:22:53 +0000 General insurance CEO, Colm Holmes, says provider has exited some "unprofitable relationships" in personal lines, but highlights Aviva will "significantly invest" in the broker channel going forward. Full Article
business and finance UK Broker Awards 2020 open for entries By www.insuranceage.co.uk Published On :: Mon, 09 Mar 2020 13:55:52 +0000 The event, which celebrates the best in UK broking, is now accepting submissions. Full Article
business and finance A-Plan buys Cotters Insurance Brokers By www.insuranceage.co.uk Published On :: Tue, 10 Mar 2020 12:05:27 +0000 The personal lines specialist has bought the Northampton-based SME commercial expert. Full Article
business and finance Sector escapes IPT rise in ‘coronavirus’ Budget By www.insuranceage.co.uk Published On :: Wed, 11 Mar 2020 15:24:22 +0000 The decision to keep the unpopular tax at 12% has been welcomed by the insurance market as Chancellor introduces other measures to help Covid-19 hit businesses. Full Article
business and finance LV suspends travel insurance due to Covid-19 By www.insuranceage.co.uk Published On :: Thu, 12 Mar 2020 10:33:50 +0000 Provider says existing customers will not be affected by the move. Full Article
business and finance Travel brokers reveal mixed approach to coronavirus cover By www.insuranceage.co.uk Published On :: Thu, 12 Mar 2020 16:41:26 +0000 InsureandGo says policies will not cover Covid-19, while Staysure continues to sell travel insurance and travel disruption cover. Full Article
business and finance Covid-19: Brokers ban meetings and push remote working By www.insuranceage.co.uk Published On :: Fri, 13 Mar 2020 14:02:30 +0000 Updated: The largest brokers in the UK revealed measures in place to protect staff and customers from coronavirus. Full Article
business and finance LV's underwriting profit falls by 39% in 2019 By www.insuranceage.co.uk Published On :: Thu, 19 Mar 2020 10:30:53 +0000 But CEO Steve Treloar says premiums in the provider's broker business has grown by 24% after Allianz's personal lines business transferred to LV. Full Article
business and finance Q&A: Polaris managing director Vivek Banga By www.insuranceage.co.uk Published On :: Thu, 19 Mar 2020 12:13:43 +0000 Polaris celebrated 25 years last year and also had a MD change with Vivek Banga taking the top spot. Banga catches up with Jonathan Swift about the future of e-trade and the role brokers can play. Full Article
business and finance Covid-19: ABI highlights insurer motor and home commitments By www.insuranceage.co.uk Published On :: Mon, 23 Mar 2020 10:39:17 +0000 The body outlined the insurer response to Financial Conduct Authority guidelines as providers waive renewals for key workers. Full Article
business and finance Former Towergate CFO Mark Mugge resurfaces at motor broker By www.insuranceage.co.uk Published On :: Fri, 03 Apr 2020 12:02:13 +0100 Mugge most recently worked at Ardonagh Group after moving across from Gallagher to Towergate in 2015. Full Article
business and finance Covid-19: Disrupters pressurise motor insurers to return premium By www.insuranceage.co.uk Published On :: Wed, 08 Apr 2020 12:38:11 +0100 On demand insurtechs encourage incumbents to give back premium as it is predicted providers could save £1bn as claims plummet amid lockdown. Full Article
business and finance FCA Schwarzenegger PPI campaign reaches 32m By www.insuranceage.co.uk Published On :: Fri, 24 Apr 2020 11:36:40 +0100 Watchdog says the two year project led to 6.2m visiting its dedicated PPI website. Full Article
business and finance CDL widens self-install telematics product availability By www.insuranceage.co.uk Published On :: Tue, 05 May 2020 11:30:28 +0100 The software house is working with brokers to allow more customers to activate ‘pay how you drive’ insurance amid the Covid-19 lockdown. Full Article
business and finance Car insurance premiums fall in Q1 2020 By www.insuranceage.co.uk Published On :: Mon, 20 Apr 2020 13:14:11 +0100 Research by Confused.com and Willis Towers Watson reveals dip in motor premiums, following a £47 rise over the last year. Full Article
business and finance Covid-19: Stephen Catlin heads up industry steering group on pandemic response By www.insuranceage.co.uk Published On :: Tue, 21 Apr 2020 09:24:14 +0100 The group, which has members including Aviva's Maurice Tulloch and RSA's Stephen Hester, is working closely with Pool Re to develop solutions to the crisis. Full Article
business and finance Admiral becomes first UK provider to offer pandemic rebate By www.insuranceage.co.uk Published On :: Tue, 21 Apr 2020 09:28:09 +0100 The business is to return £110m to car and van customers as part of Stay At Home Refunds as it becomes first to bow to pressure to give back as policyholders use vehicles less. Full Article
business and finance Complete our survey: How has your business been hit by Covid-19? By www.insuranceage.co.uk Published On :: Tue, 21 Apr 2020 12:14:42 +0100 Survey aims to find out how the industry has changed its working practices, the challenges faced by professionals working remotely and how brokers feel insurers have responded to the pandemic. Full Article
business and finance Axa XL reveals global restructure By www.insuranceage.co.uk Published On :: Tue, 21 Apr 2020 14:46:07 +0100 Provider to create a single global insurance underwriting function and form three geographical business units across the Americas, Eurasia and the UK & Lloyd’s market. Full Article
business and finance Axa XL searches for new UK CEO as reshuffle sees Paul Greensmith depart By www.insuranceage.co.uk Published On :: Wed, 22 Apr 2020 10:23:24 +0100 Four senior leaders have left the provider as Axa XL states it is set for global restructure. Full Article
business and finance Catlin calls on industry to repair reputation following Covid-19 response By www.insuranceage.co.uk Published On :: Wed, 22 Apr 2020 12:57:14 +0100 Exclusive: Stephen Catlin slams "unfortunate" lack of sympathy to policyholders in messages from the sector and pushes back at claim that the industry steering group on pandemic response is a PR gimmick. Full Article
business and finance Gary Hoffman resigns from Hastings By www.insuranceage.co.uk Published On :: Fri, 24 Apr 2020 10:22:05 +0100 Hoffman, currently non-executive chairman, was CEO of the business between 2012 and 2018 and led it through an IPO in 2015. Full Article
business and finance Covid-19: Total claims pay-outs expected to reach £1.2bn By www.insuranceage.co.uk Published On :: Mon, 27 Apr 2020 10:32:05 +0100 The ABI says insurers are expected to pay £900m towards business interruption claims. Full Article
business and finance Covid-19: Measures to maintain personal injury claims process launched By www.insuranceage.co.uk Published On :: Mon, 27 Apr 2020 12:15:56 +0100 The ABI and the Association of Consumer Support Organisations have developed a statement of intent recommending remote video examination and rehabilitation. Full Article
business and finance Ecclesiastical launches Covid-19 social media guide By www.insuranceage.co.uk Published On :: Tue, 28 Apr 2020 10:34:47 +0100 The document has been developed to help brokers navigate platforms such as Twitter and Linked In throughout the outbreak. Full Article
business and finance Research reveals insurance claims among the most likely to succeed in courts By www.insuranceage.co.uk Published On :: Tue, 28 Apr 2020 12:12:20 +0100 Law firm warns insurance sector will be under scrutiny as the level of litigation is predicted to rise as a result of Covid-19. Full Article
business and finance Covid-19: Should all motor customers get a rebate? By www.insuranceage.co.uk Published On :: Tue, 28 Apr 2020 12:33:08 +0100 Updated: Major insurers including Axa, Aviva, Ageas, LV and Zurich respond on automatic rebates as motor disrupters say the Admiral £25 move does not go far enough and questions are raised about the gesture. Full Article
business and finance Covid-19: Hospitality group forms to fight insurers over BI By www.insuranceage.co.uk Published On :: Wed, 29 Apr 2020 11:15:24 +0100 The group is being advised by Mishcon de Reya and will look into claims denied by any number of insurers naming Axa, China Taiping, RSA, Touchstone, and Zurich but excluding Hiscox. Full Article
business and finance Covid-19: Hiscox considers equity raise By www.insuranceage.co.uk Published On :: Wed, 29 Apr 2020 12:04:32 +0100 Provider states it is "evaluating possible sources of capital" to respond to the pandemic. Full Article
business and finance Covid-19: QBE latest provider facing legal action after denying BI claims By www.insuranceage.co.uk Published On :: Wed, 29 Apr 2020 12:37:31 +0100 Simon Sloane, partner at law firm Fieldfisher, says over 40 policyholders in the dental sector are interested in pursuing action. Full Article
business and finance Arron Banks and Elizabeth Bilney agree settlement with Electoral Commission By www.insuranceage.co.uk Published On :: Thu, 30 Apr 2020 11:11:39 +0100 Commission states it accepts the National Crime Agency’s conclusions that it found no evidence that any criminal offences had been committed after it investigated loans totalling £8m provided to the Leave.EU campaign from one of Banks' other companies. Full Article
business and finance Blog: Why the government needs to back the insurance industry By www.insuranceage.co.uk Published On :: Thu, 30 Apr 2020 12:18:43 +0100 Tom Powell shares his idea to help the insurance sector overcome the BI problems Full Article
business and finance News analysis: Industry under pressure as backlash over business interruption continues By www.insuranceage.co.uk Published On :: Fri, 01 May 2020 10:53:41 +0100 Legal disputes over coronavirus-related BI claims have put insurers’ responses to the crisis in the spotlight Full Article
business and finance Covid-19: FCA urges firms to consider premium reductions and payment holidays By www.insuranceage.co.uk Published On :: Fri, 01 May 2020 11:11:00 +0100 The regulator issued a raft of measures today (1 May) for how financial services firms should behave while coronavirus grips the nation. Full Article
business and finance LV offers premium refunds of between £20 - £50 to motor customers By www.insuranceage.co.uk Published On :: Fri, 01 May 2020 12:21:14 +0100 The proportional refunds for customers in distress follows Admiral's flat £25 payment but broker customers are not included in the £30m LV has set aside for rebates. Full Article