Insight
CFC launches carbon credit loans policy
CFC has launched Carbon Lender Insurance policy deployed with Standard Chartered Bank, claiming a first.
Broker Expo 2024 Countdown: Clear regional managing director, London, Nick Smallcorn
As we countdown to Insurance Age’s Broker Week we asked our Broker Expo speakers to share some insights into the event, market issues and who the most heavy metal people in insurance are. Today we focus on Clear regional managing director, London, Nick…
IS2 promises supercharged commercial schemes distribution
IS2 has launched an API enabled hosted pricing solution, staking a claim for a commercial lines schemes first.
Premium Choice pushes beyond £10m in 2023
Personal lines motor specialist broker Premium Choice took turnover up to £10.53m in 2023 having broken through the £10m barrier the year before.
Clare Lebecq exits SRG
Clare Lebecq has stepped down as chief operating officer of Specialist Risk Group, Insurance Age can reveal.
Flock launches insurance for removal fleets
Insurtech Flock has rolled out a motor fleet insurance product for professional removal and storage companies available through brokers and directly.
Esure owner Bain eyeing up sale – report
Esure is possibly up for sale, as private equity firm Bain Capital has lined up advisors, according to Reuters.
Markerstudy-bound Hughes posts stable turnover and profit for 2023
Northern Ireland-based broker Hughes, currently in a sales process to Markerstudy Group, maintained post-tax profit at £2m in 2023 with turnover consistent of more than £13m.
Moody’s improves outlook for UK property and casualty insurers to stable
Moody’s has changed its outlook for UK property and casualty insurers to stable from negative, noting prices for personal lines cover, such as motor insurance, have risen sufficiently to absorb claims inflation.
Which? sounds the alarm again on “eye-watering” motor and home insurance interest rates
Research by Which? has revealed the average annual percentage rate for motor insurance on monthly premium finance at 22% and 20% for home policies.
Applied Net 24: European business expanding commercial lines panel “significantly”, says CEO Needs
Applied Systems Europe is expanding its panel “significantly” in commercial insurance according to CEO Tom Needs, adding both Zurich and Aviva.
Arc Legal and HB Underwriting team up to tackle employer’s liability gap
Arc Legal Group has partnered with HB Underwriting to cater for the latter’s policyholders who find themselves as employers because of their care needs.
People Moves: 9 - 13 September 2024
Keep up to date with the latest insurance industry personnel moves.
Blog: Insurance broker negligence claims
Pradeep Oliver, a partner specialising in professional negligence at law firm Cripps, shares what brokers need to know and how to minimise the risk of a claim.
Peach Pi partners with Starpeak on micro/SME insurance
Starpeak, the specialist digital distributor of insurance to niche online markets, has partnered with commercial insurer Peach Pi to co-create products designed specifically for the micro and SME market.
Markel raids Axa again as it builds out its senior regional UK broker team
Markel has appointed Charlotte Harrison to the role of head of UK regional broker development.
Gallagher renews Premiership Rugby sponsorship for three more years
Gallagher and Premiership Rugby have announced a multi-year renewal that will see the partnership extend to a decade together at the end of 2028.
Biba calls for IPT cut in Autumn Budget
The British Insurance Brokers’ Association has urged the government to cut the headline rate of insurance premium tax from 12% to 10% in the Autumn Budget on 30 October.
Applied Net 24: Commercial lines panel main UK market challenge for software house
Taylor Rhodes, CEO of Applied Systems, claimed the challenge in the UK market is the commercial lines panel from insurers and getting them to broaden their panel placement.
Six-year low, but 76% of UK properties still underinsured
The percentage of UK buildings underinsured has dropped to 76%, which while a six-year low is still “unacceptably high”, according to specialists.
Cinven buys half of Policy Expert
Private equity house Cinven has signed up to buy 50% of Policy Expert from the Abu Dhabi Investment Authority.
Applied Net 24: Applied eyes opportunities for automation
Applied Systems sees opportunities for automation and data use, as its clients number one ask is for more operational efficiencies, chief product officer Anupam Gupta told journalists at Applied Net 24.
Broker Expo 2024 Countdown: Nick Hobbs, chief distribution officer, Allianz Commercial
As we count down to Insurance Age’s Broker Week, we asked our Broker Expo speakers to share some insights into the event, market issues and who are the most heavy metal people in insurance. Today, we focus on Nick Hobbs, chief distribution officer at…
Markel launches FintechRisk+ policy
Markel has launched FintechRisk+ in its second insurance policy development of the week.