Financial / Results – Page 6
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News AnalysisMotor insurance affordability under pressure amid FCA scrutiny
As motor insurance premiums continue to squeeze household budgets, scrutiny from regulators and policymakers is intensifying. But with competing priorities and political setbacks, is real change on the horizon?
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NewsMotor premiums drop at record pace amid market competition
’The number of brands advertising price cut offers on price comparison websites has hit a new high,’ says insurance insight manager
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NewsDrone MGA secures capacity for new liability product
’As drones continue to revolutionise everything from agriculture to transportation, it’s clear that this booming sector demands forward-thinking, flexible insurance solutions,’ says managing director
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NewsUK car thefts down 4.5% in 2024 compared to 2023
’For the first time since the pandemic, the annual DVLA stolen vehicle figures contained some much-needed good news for both the public and the UK motor insurance industry,’ says technical director
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NewsMiller refreshes brand as broker secures revenues of £271m in 2024
’Our new brand is about putting clients at the absolute centre of everything we do,’ says chief executive
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NewsInsurance premium income forecast for steady growth over next three years
’The UK’s economic recovery is encouraging for both UK insurers and their customers,’ says insurance leader
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NewsStartup MGA expands offering to brokers as it looks to strengthen brand
’Our book is growing off the back of our willingness to run toward the risks that the rest of the industry won’t,’ says chief underwriting officer
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News AnalysisSurviving the soft market: The role of refinancing in broking
Refinancing is fast becoming a more central pillar of a broker’s operations, used as a tool to navigate soft market conditions, enable M&A or to facilitate strategic action plans
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News AnalysisCan the broker commission model survive regulatory headwinds?
’There’s a need for a makeover of percentage-based models where commission is unjustified, undisclosed and uncapped,’ says partner
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NewsMotor premiums see largest monthly drop since May 2024
’The market has now seen 10 consecutive months of falling motor insurance premiums,’ says director
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NewsInsurance salaries higher than national average – and these are the roles seeing pay increases
However, some workers are unhappy with their salary because it has not risen in line with the cost of living
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NewsAventum-owned MGA launches Lloyd’s-backed D&O and PI facility
Brokers ’have been expressing a desire for us to expand our offering’, says head of D&O
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NewsDavid Howden’s statement as Howden breaks £3bn revenue barrier
’Our 30th year proved to be one to remember,’ says founder and chief executive
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NewsHiscox announces senior hire as it launches new FI offering
’Our comprehensive FI offering distinguishes us as one of the few London market carriers who can offer this breadth of protection,’ says casualty divisional director
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News AnalysisNavigating the rising costs and challenges of pet insurance
‘The lack of standardised pricing’ in the pet insurance market ‘makes it difficult for insurers to forecast claims and for customers to understand costs’, says new trade association founder
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News AnalysisBriefing: What is good – and challenging – across UKGI upon entering 2025?
Although recruitment, refinancing, M&A and compliance will keep UKGI brokers on their toes for 2025, the sector still has an awful lot to be grateful for
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IT InterviewMike Latham: Verlingue UK targets ‘Better Future’ with three-year strategic plan
The family owned and run broker plans to ‘almost double in size in the UK’ using organic growth, but avoiding external hires where possible, says chief executive
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NewsFCA places restrictions on Scottish broker after premium payment concerns
The FCA says it is working with the relevant authorities over the situation
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NewsLondon-based MGA announces £420m capacity deal with QBE
’It’s fantastic to be taking our partnership with QBE past the 25-year mark with this new five-year capacity deal,’ says leader
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NewsUK-based tradespeople MGA inks new capacity deal as it looks to ‘scale operations’
’This agreement ensures we can continue to grow while providing the best possible service to tradespeople,’ says chief executive
