Financial – Page 9
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News Analysis
Broker networks ramp up distribution focus
’The ability to gain distribution benefits is a major driver for brokers joining networks,’ says director of policy and public affairs
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What will the Autumn Budget hold for the insurance industry?
Measures announced by Chancellor Rachel Reeves at the end of October will undoubtedly impact on the insurance sector in a number of ways – but what are the biggest things to watch out for?
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Mike Patston: Touchstone investing in technology to enhance broker experiences
Mike Patston, deputy managing director at Touchstone Underwriting, outlines how the MGA is looking to deliver for its broker partners
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DAS reports 8% GWP growth following Arag acquisition
’These results show why Arag was keen to acquire Das,’ says chief executive
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MGA launches new property arm and announces senior hire
’This expansion allows us to offer a more comprehensive and innovative product range,’ says appointee
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Nick Wright: Pen exploring acquisition opportunities in the UK
Nick Wright, chief business development officer at Pen, outlines how the MGA is looking to deliver for its broker partners
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QBE opens new office as part of UK broker strategy
’Brokers were clear about what they wanted,’ says head of trading
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Bspoke announces new three year capacity deal
The deal provides ’stable, long-term capacity to support our ambitious growth plans’, says chief commercial officer
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MGA targets expansion as it secures new capacity
’We are confident that it will not only bolster our already strong renewal retention rates, but help drive new business growth,’ says chief executive
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London market surpasses £100bn for first time
’Companies continue to invest in London operations,’ says chief executive
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Specialist MGA gains Lloyd’s coverholder status
’As a Lloyd’s coverholder, we are strategically positioned to further elevate the scope and quality of our services,’ says chief executive
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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Motor and home insurers’ APRs revealed as FCA action demanded
’That customers [paying monthly] can end up paying over the odds compared to those who pay for cover annually is blatantly unfair,’ says director
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Insurtech secures further funding to support growth
’We’re excited to expand our capabilities to reach a broader user base,’ says co-founder and director
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Biba calls on government to cut IPT rate in Autumn Budget
’The government has the opportunity to make some specific interventions to help ease the financial burden on customers and help with the issues that we are seeing,’ says chief executive
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Commercial insurer expands coverage as it inks deal with distributor
The move comes as the insurer looks to broaden its focus
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Axa employees to be offered shares as 2024 scheme launched
’Our employees have the opportunity to become shareholders in the company under privileged conditions,’ says chief executive
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Lloyd’s reports ‘best interim result since 2007’ for 2024’s H1 with COR of 83.7%
Chief executive attributes balance sheet growth to ‘disciplined underwriting, smart organic growth and real strength in the Lloyd’s balance sheet’
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News Analysis
Briefing: Affordability debate continues as risk, reinsurance and politics collide
The Labour party already has motor insurance premiums in its sight – but how long until home insurance starts to face the same level of scrutiny?
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IS2 reports 40% revenue growth in six months to June 2024
’The last 18 months have exceeded all expectations,’ says managing director