business and finance

Home insurance premiums increase

Effect of storms is feeding through into premium costs.




business and finance

FCA removes Triton Insurance Brokers' right to conduct regulated business

Customers told to check the validity of their policy with their insurer.




business and finance

Allianz UK COR deteriorates to 97.8%

Challenging fourth quarter hits the provider as operating profit falls by 35% but CEO Dye remains upbeat.




business and finance

Stanhope Cooper owner buys HNW broker

Exclusive: Insurance Tailors, based in Twickenham, has been purchased by the specialist broker’s parent firm for an undisclosed sum.




business and finance

RSA reports “strong results” after “disappointing” 2018

Performance at group and UK & International level improved and COR was 95.0% as the business noted the impact of discipline and portfolio exits.




business and finance

RSA is "getting its mojo back" says UK boss Scott Egan

Egan points to growth in RSA's regional commercial broker book as UK business moves back into profit.




business and finance

ERS says Ogden drove up COR in 2019

Profit and GWP improved at the motor provider.




business and finance

Sutton Winson snaps up health and protection broker

Broker says acquisition of Flexible Health will allow it to expand its private medical insurance offering to individuals.




business and finance

GRP hub Greens makes first deal of 2020

Broker buys Hastings-based SME and personal lines specialist Manor Insurance Services as it reveals it has more deals in the pipeline.




business and finance

Go Compare owner sees profit slip

GoCo Group’s preliminary results suggested operating profit would drop more than 46% amid transformation plan.




business and finance

MPs urge insurance sector to focus on financial inclusion

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.




business and finance

Profits fall at Direct Line in 2019

COR deteriorated to 92.2% as provider says results were impacted by Ogden and restructuring costs.




business and finance

Be Wiser stems losses in 2019 results

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.




business and finance

Admiral co-founder and CEO to step down

David Stevens will be replaced by Milena Mondini de Focatiis, currently head of UK and European Insurance.




business and finance

Aviva UKGI profit falls by 35%

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.




business and finance

Aviva confirms partial pull-back from personal lines broker market

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.




business and finance

UK Broker Awards 2020 open for entries

The event, which celebrates the best in UK broking, is now accepting submissions.




business and finance

A-Plan buys Cotters Insurance Brokers

The personal lines specialist has bought the Northampton-based SME commercial expert.




business and finance

Sector escapes IPT rise in ‘coronavirus’ Budget

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.




business and finance

LV suspends travel insurance due to Covid-19

Provider says existing customers will not be affected by the move.




business and finance

Travel brokers reveal mixed approach to coronavirus cover

InsureandGo says policies will not cover Covid-19, while Staysure continues to sell travel insurance and travel disruption cover.




business and finance

Covid-19: Brokers ban meetings and push remote working

Updated: The largest brokers in the UK revealed measures in place to protect staff and customers from coronavirus.




business and finance

LV's underwriting profit falls by 39% in 2019

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.




business and finance

Q&A: Polaris managing director Vivek Banga

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.




business and finance

Covid-19: ABI highlights insurer motor and home commitments

The body outlined the insurer response to Financial Conduct Authority guidelines as providers waive renewals for key workers.




business and finance

Former Towergate CFO Mark Mugge resurfaces at motor broker

Mugge most recently worked at Ardonagh Group after moving across from Gallagher to Towergate in 2015.




business and finance

Covid-19: Disrupters pressurise motor insurers to return premium

On demand insurtechs encourage incumbents to give back premium as it is predicted providers could save £1bn as claims plummet amid lockdown.




business and finance

FCA Schwarzenegger PPI campaign reaches 32m

Watchdog says the two year project led to 6.2m visiting its dedicated PPI website.




business and finance

CDL widens self-install telematics product availability

The software house is working with brokers to allow more customers to activate ‘pay how you drive’ insurance amid the Covid-19 lockdown.




business and finance

Car insurance premiums fall in Q1 2020

Research by Confused.com and Willis Towers Watson reveals dip in motor premiums, following a £47 rise over the last year.




business and finance

Covid-19: Stephen Catlin heads up industry steering group on pandemic response

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.




business and finance

Admiral becomes first UK provider to offer pandemic rebate

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.




business and finance

Complete our survey: How has your business been hit by Covid-19?

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.




business and finance

Axa XL reveals global restructure

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.




business and finance

Axa XL searches for new UK CEO as reshuffle sees Paul Greensmith depart

Four senior leaders have left the provider as Axa XL states it is set for global restructure.




business and finance

Catlin calls on industry to repair reputation following Covid-19 response

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.




business and finance

Gary Hoffman resigns from Hastings

Hoffman, currently non-executive chairman, was CEO of the business between 2012 and 2018 and led it through an IPO in 2015.




business and finance

Covid-19: Total claims pay-outs expected to reach £1.2bn

The ABI says insurers are expected to pay £900m towards business interruption claims.




business and finance

Covid-19: Measures to maintain personal injury claims process launched

The ABI and the Association of Consumer Support Organisations have developed a statement of intent recommending remote video examination and rehabilitation.




business and finance

Ecclesiastical launches Covid-19 social media guide

The document has been developed to help brokers navigate platforms such as Twitter and Linked In throughout the outbreak.




business and finance

Research reveals insurance claims among the most likely to succeed in courts

Law firm warns insurance sector will be under scrutiny as the level of litigation is predicted to rise as a result of Covid-19.




business and finance

Covid-19: Should all motor customers get a rebate?

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.




business and finance

Covid-19: Hospitality group forms to fight insurers over BI

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.




business and finance

Covid-19: Hiscox considers equity raise

Provider states it is "evaluating possible sources of capital" to respond to the pandemic.




business and finance

Covid-19: QBE latest provider facing legal action after denying BI claims

Simon Sloane, partner at law firm Fieldfisher, says over 40 policyholders in the dental sector are interested in pursuing action.




business and finance

Arron Banks and Elizabeth Bilney agree settlement with Electoral Commission

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.




business and finance

Blog: Why the government needs to back the insurance industry

Tom Powell shares his idea to help the insurance sector overcome the BI problems




business and finance

News analysis: Industry under pressure as backlash over business interruption continues

Legal disputes over coronavirus-related BI claims have put insurers’ responses to the crisis in the spotlight




business and finance

Covid-19: FCA urges firms to consider premium reductions and payment holidays

The regulator issued a raft of measures today (1 May) for how financial services firms should behave while coronavirus grips the nation.




business and finance

LV offers premium refunds of between £20 - £50 to motor customers

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.