Insight
ERS posts COR of 98%
The insurer noted there was a reduction in demand in motor but growth in commercial.
People moves: 28 February - 4 March 2022
Keep up to date with the latest industry news.
GRP-owned County Group buys PG Insurance
The consolidator ramps up its acquisition plans with fifth deal of the year.
Lloyd’s open for growth but demanding sustainable performance
Market leader stresses remediation is not a ‘once and done’ exercise as focus increases on catastrophe risks.
In Depth: Standing out in the schemes market
Sam Barrett speaks to experts about how to develop successful schemes across a range of niche areas
Opinion: Wellbeing at work
Specialist Risk Group’s Warren Downey considers how leaders need to adapt to ensure happy and healthy teams
Ecclesiastical to expand schemes book with new hire
The Gloucester-based insurer boosted its schemes team with the appointment of Simon McGill.
Industry braces for "very active few weeks" following Axa vs Wolseley BI ruling
Market experts think the Axa and Corbin & King verdict could spark a chain reaction in the insurance industry, leading to a reopening of claims and renegotiated settlements.
SSP adds Percayso Inform to platform
The software house said it made the move to broaden its data enrichment capabilities.
UK brings in sanctions blocking Russian access to aviation insurance
AM Best put ratings of suite of Russian insurers and reinsurers on negative watch at the start of the month.
Admiral reports increased profit and turnover
Profit before tax hit £769m, a 26% uptick on the 2020 result as it flags plan to move into small business insurance.
High commission rates factor in Hiscox UK personal lines pull back
The insurer also ended agencies with brokers and revealed it will be looking to double UK business under incoming leader Jon Dye.
Broking Success: Gearing for growth
Richard Amphlett, Cox Mahon managing director, who is also the High Sheriff of Worcestershire for 2021-2022, spoke to Insurance Age about the company’s history, the challenges surrounding professional indemnity, and his plans to triple the business in…
Pool Re ups retro cover to £2.5bn
The three-year agreement triggers if losses top £400m in a year.
Aviva UKGI reports £318m operating profit
This is up from £182m in 2020 as the business also flags GWP of £4.9bn, up from £4.6bn in the previous year.
Analysis: Spotlight falls on personal lines amid consolidation frenzy
After a record breaking year for deals by value and volume, specialists analyse what is driving the market and where the acquisition rush will go next. Emmanuel Kenning reports.
Hiscox chair calls for more consistency and less bureaucracy in regulation
Non-executive chairman Robert Childs has called on regulators to be more flexible, offer more consistency, and prioritise a competitive edge.
Hiscox UK posts near 10% rise in GWP for 2021
The provider grew commercial lines business while personal lines shrank in the year.
FCA cap on CMC fees comes into force
Regulator claims consumers are expected save £9.6m a year.
Amanda Blanc confirms Aviva move to 80 Fenchurch Street
Relocation plans revealed as Aviva reported GWP of £8.8bn for the full year 2021.
FCA confirms scrapping bonuses
The regulator has unveiled a new pay deal against a backdrop of potential strike action.
RSA names Cath Frost as regions MD
RSA has appointed Cath Frost as regions managing director replacing Lee Mooney, who was promoted to managing director of RSA commercial lines in November.
Analysis: FCA bares its teeth on residential property insurance
Martin Friel explores the likelihood of intervention by the watchdog as premiums go up in a market that has “not worked well” for more than a decade.
SRG adds motor trade specialist to portfolio
The move follows snapping up the specialists risks team from Bridge Insurance at the start of the year.