All articles by Katie Scott – Page 3
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NewsSompo spends $3.5bn to buy Aspen as part of diversification plan
‘Strategic acquisitions have been a key part of our growth plan to build a robust and diversified global P&C platform – and Aspen represents an excellent opportunity at the right time in the market cycle,’ says insurer’s P&C boss
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NewsMarkel UK has ‘very ambitious plan’ to boost eTrading service following disjointed broker scores
UK managing director says the gap between digital and underwriter led broker service presents ‘a huge opportunity’ for the insurer
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IT InterviewLee Mooney: New UK boss gearing up to ‘change the pace’ at Markel
Rather than ‘reinvent the wheel’, managing director plans to tap into global group expertise to increase insurer’s ‘share of wallet’ with brokers and ‘dial up the pace’ on product and people volume
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NewsUnderwriting ‘elephant in the room’ is hampering ‘free flowing business’ – QRG Specialty
Plus, ‘inflexible’ Syndicate Business Forecast reporting could see firms declining income opportunities, says head of reinsurance and broking
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NewsHiscox attributes 6% retail growth to ‘reinvigoration of our distribution’
Group underwriting officer says ‘distribution has been key’ to insurer’s retail growth in first six months of 2025, alongside digital capability investments and a brand refresh
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NewsHiscox plans raft of new product launches for 2025’s H2
The insurer is currently crafting numerous products to launch by year-end, as well as maintaining its hunt for suitable broker scheme opportunities, says chief underwriting officer
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IT InterviewTom Downey: Pen Underwriting aims to be £1.75bn GWP business by 2030
Despite a raft of new product launches this year, the MGA’s chief executive anticipates that the majority of the firm’s GWP growth will come from ‘thoughtful’ acquisitions
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News AnalysisGreater appetite around reinsurers ‘rolling the dice’ on ‘immature’ cyber market
Softer market conditions are encouraging diversification strategies – however, the challenge and opportunity see-saw of branching into emerging risks presents a tightrope for reinsurers to navigate
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News‘Inherent inconsistency’ in trapped capital and retrocessional capacity could cause ‘knee jerk’ prices
‘If a substantial percentage of the retrocessional capacity is not able to renew, you’ve got an instant supply problem,’ explains head of reinsurance and broking
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NewsRegulated firms report FCA and PRA performance improvement – LMG
‘The service delivered by both regulators has taken a significant step forward over the past year,’ says trade body chief executive
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NewsMore than 10,000 fire damage claims invalidated due to lack of smoke alarm
Price comparison site estimates that policyholders may have missed out on £16.7m of claims payouts due to smoke alarm negligence
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NewsVerlingue UK focuses on employee benefits buys as UK M&A is ‘overheated’ and ‘alarming’
The price of M&A in the UK broker market ‘is crazy’, adds chairman
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NewsMS Amlin appoints insurer CUO to replace retiring chief executive
Current chief executive Andrew Carrier will move into an executive officer role, with the new appointee assuming leadership of the (re)insurer in 2026
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IT InterviewBenjamin Verlingue: Fourth generation leader emphasises ‘entrepreneurial spirit’ underpinning UK and European operations
Chairman and chief executive plans to ‘respect the legacy’ of familial past leaders while steering the broker’s strategy to double business size over the next three years
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NewsMoneySuperMarket reports 2% dip in insurance earnings for 2025’s H1
Car insurance premiums fell 9% in the first half of 2025 after ‘exceptional growth in car insurance switching’ in 2024, states chief executive
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News AnalysisOpinion: Are brokers ducking ‘responsibility’ to tackle insurance fraud?
Insurer counter fraud expert calls out commercial brokers on lack of engagement in dealing with insurance fraud, emphasising that regulatory action may be the best way of inspiring greater anti-fraud collaboration
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IT InterviewChris Jones: New IUA boss seeks to put trade body ‘on the front foot’ with three pillar plan
Technical skills, talent and risk management are prime focuses for the chief executive, who believes ‘London really will live or die by its underwriting and claims expertise’
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NewsLabour’s Industrial Strategy promotes sector specific plan to create ‘the world’s most innovative, full service financial centre’
A distinct financial services strategy is scheduled to be published in July 2025, following close collaboration between the government and industry
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News AnalysisOpinion: ‘Audacious’ self-confidence is vital to progress D&I agendas
Female delegates at Biba’s 2025 conference united like never before at the trade body’s inaugural diversity and inclusion breakfast
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IT InterviewMichelle Taylor: New role provides opportunity to ‘draw the dots’ and fill Aviva’s distribution strategy gaps
Expanding the insurer’s exclusive regional broker proposition and tackling the relationship ripple effect of broker consolidation are both key focus areas for the broker distribution director
