Insurer News – Page 34
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News
P&C reinsurers saw strong earnings in H1 2024 – Morningstar DBRS
The ratings agency has maintained its positive outlook on the global P&C reinsurance sector “despite high natural catastrophe losses and likely lower interest rates globally”
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Cyber experts' warning as new AI system to help with Champions League draw
Automated software is being used due to the competition now having a more complex format
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Home insurance prices coming down for first time in 19 months
Insurers using price comparison websites have benefited competitively
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MGA warns of ‘huge’ safety problems for tall buildings after Dagenham blaze
’A large proportion of the affected buildings are yet to be remediated, leaving thousands of people facing these risks every day,’ says underwriting manager
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UK pet insurance policies reached record numbers in 2023 – ABI
’It’s encouraging to see record numbers of pet owners all over the UK take out insurance to help cover the cost of veterinary treatment,’ says senior policy advisor for general insurance
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JMG expands with acquisition of established family-run broker
’This sale is part of our succession plan,’ says managing director
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Jamie Lewis: M&A ‘important part’ of Jensten’s strategy
Jamie Lewis, managing director at Jensten Underwriting, explains what brokers can expect from the MGA in the coming year and outlines key trends impacting the MGA market
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Ageas UK posts 49% growth for H1 2024 as parent announces shareholder dividend
’We will be distributing an interim gross cash dividend of £1.26 (€1.50) to our shareholders,’ says Ageas chief executive
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Uinsure adds MGA to home insurance panel
Uninsure made the deal as it is in ‘need of a strong home insurance panel’, says chief insurance officer
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SRG acquires renewal rights of broker to expand proposition
’This acquisition allows us to further expand our footprint,’ says deputy chief executive
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FCA probing another insurance market amid commission concerns
’We will act if we find that the market is not working well,’ says executive director
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Bikmo wheels in new three-year partnership
The partners are on a ‘mission’ to address cover challenges in the commercial bike sector
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Allianz makes senior appointment after Carey departure
’He is well known to our broker partners across the mid-market segment,’ says insurer
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Ex-Allianz leader snapped up by Ecclesiastical
New appointee is ’thrilled’ to join insurer and hopes to make ’positive contribution’
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IT Interview
Karen Jackman: Geo developing more trading teams to support brokers
Karen Jackman, sales director at Geo Underwriting, explains what brokers can expect from the MGA in the coming year and outlines key trends impacting the MGA market
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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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Fantasy Football: A marathon, not a sprint
With GW1 out of the way, who were the Insurance Times League’s top performers?
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The biggest people moves this week
Insurance Times rounds up the biggest appointments, promotions and hires from 19 to 23 August 2024
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Hiscox announces new interim chair after Bloomer passing
’It was a privilege to have known Jonathan and to have benefited from his generosity,’ says chief executive
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DLG makes change to solvency capital ratio after miscalculation
’The group has taken action to strengthen the control environment in relation to the specific area where the miscalculation occurred,’ says insurer