United Kingdom (UK)
Ghost broking cases jump nearly a quarter at Action Fraud in 2024
Action Fraud received 817 reports of ghost broking in 2024, a 24% increase on the previous year, the organisation has confirmed.
Bristol regional review: Strong outlook with ‘vibrant economy’
Insurance experts in Bristol have a strong outlook about growth in the city as they highlight its “vibrant economy”, with investments to provide both insurers and brokers opportunities, Rosie Simms explores.
Howden and Aviva join up on renewable energy
Howden’s power and renewable energy team has launched a UK quote and bind platform.
MGAA unveils 2025 strategic vision
The Managing General Agents’ Association has set out it strategic vision and mission for 2025, focusing on education, amplifying its value to members, and data-driven insights.
Rokstone recruits Winsley from Howden as broker relationship boss
Managing general agent Rokstone has recruited Rob Winsley from Howden to take up the newly created role of capacity manager and broker relationship director.
6% of FCA financial promotions cases caused by GI & Protection
The Financial Conduct Authority has revealed the general insurance and protection sector accounted for 6% of its workload in the final quarter of last year against firms breaching financial promotion rules.
Weather-related domestic damage cost insurers £585m in 2024, says ABI
The Association of British Insurers has calculated insurers paid out a record £585m for weather related damage to people’s home and possessions in 2024.
Flood Re calls on government for £1bn flood defence spending
Flood Re has urged the government to spend at least £1bn a year to keep pace with changing climate risks and ensure the protection of homes and businesses in the UK from the devastation flooding brings.
Grove & Dean grows revenue and profits in “challenging” year
Niche motor specialist Grove & Dean grew turnover by 2.4% to £18.03m in the year ended 30 May 2024 with the broker’s profits rising faster.
FCA actions against misleading financial adverts nearly doubles in 2024
The Financial Conduct Authority intervened to get nearly 20,000 financial promotions withdrawn or amended in 2024, almost double the amount compared to 2023.
People Moves: 3 – 7 February 2025
Stay in the loop with the latest personnel moves in insurance.
Interview: Nick Harris – listening and helping on the Gallagher Way
Nick Harris tells Insurance Age about returning to the UK market after a 14-year stint in Australia, why a transitioning market is “when really good brokers stand out”, and shares his key questions to staff after becoming UK and Ireland retail CEO at…
Macbeth makes first deal in years buying Insurance Services Surrey
Macbeth has made its first purchase in almost four years with the acquisition of Guildford-based Insurance Services Surrey, its third ever buy.
Northern Ireland tops table for account exec pay rises
Insurance account executives in Northern Ireland had the highest percentage pay rises in the UK last year, with London-based employees still having the top wage but getting the smallest rate increase, according to a survey by Reed.
Allianz UK reveals detected fraud up 10% to £157m
Allianz UK has confirmed it uncovered 33,027 instances of insurance fraud worth a total of £157.24m in 2024, up 10% on 2023.
Allianz UK ‘lucky’ to have Phuong Ly, according to Australian insurance specialists
Australian insurance experts are positive on Allianz Commercial UK’s recent appointment of Phuong Ly telling Insurance Age he is a “great addition”.
Howden ‘absolutely not done’ with buying in the UK
Howden is targeting £10bn of revenue by 2030, having broken through the £3bn barrier last year, and is keeping its eye on the ball for organic growth and buying in the UK, according to CEO David Howden.
UK commercial rates still falling by 5% – Marsh
UK insurance rates fell by 5% in the final quarter of last year, maintaining the speed of decline seen in Q3, according to Marsh, with financial and professional lines as well as cyber seeing the steepest declines.
ZPC extends high net worth wordings and reaffirms growth appetite
Kevin Morton, head of Zurich Private Clients, has committed to brokers that the business is in the high net worth market for the long-term as he unveiled a raft of policy enhancements in motor and home wordings.
New Arch UK MD bolsters regional division
Arch has made four senior promotions to new regional manager roles across the UK reporting to Mike Bottle, managing director of its UK Regional Division.
Ogden completes exec team with Godwin as COO for UK & Ireland at HDI
HDI Global has appointed Geoff Godwin from AIG as chief operating officer reporting to Stephanie Ogden, CEO for UK and Ireland.