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Briefing: Does Ageas’ purchase of Esure make up for it losing out on DLG?
AI usage in insurance is an ‘evolution, not revolution’ – Hiscox
Briefing: Ifed showcases suite of enforcement tools and partnerships in fight against fraud
Nearly half of brokers consider the regulatory environment in the UK insurance market ‘too restrictive’
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Financial
News
Cost of extreme weather and natural disasters around £1.55tn in last decade
‘Addressing the escalating costs of extreme weather and natural catastrophes requires collective and immediate action,’ says chief executive
News
UKGI industry to reach £113bn by 2029, forecast says
’The sector anticipates steady growth but must adapt to emerging risks and consumer demands,’ says senior analyst
News
Global commercial insurance rates fall for third consecutive quarter – Marsh
‘We expect the overall trend to continue and for insurer competition to intensify, barring unforeseen changes in conditions,’ says global placement president
News
Insurance premium tax windfall sets record high for Treasury
‘The full-year IPT receipts to March 2025 indicate another significant increase for the chancellor,’ says senior actuarial director
News Analysis
Briefing: Is Lloyd’s ‘undervalued’ as an investment opportunity?
Research indicates that investment capital could be well homed within Lloyd’s and the London market – could syndicates snap up M&A spend?
News
FY 2024 financials prove Covéa ‘made the right decision’ with strategy focuses – Georges de Macedo
Although chief executive ‘will not say that our profit is exceptional in absolute terms’ for last year, the insurer’s journey into profitability demonstrates that five pillar strategy is yielding results
News Analysis
What are brokers most concerned about in 2025?
Key issues on brokers’ minds this year include price rises and the political climate, according to exclusive research from Insurance Times
News
Pet insurance premiums continue to rise
‘This month’s figures highlight the nuanced nature of pet insurance pricing,’ says product manager
News
Allianz UK focuses on ‘balance between volume and margin’ to weather cyclical market storm
Inflation and the transition from a hard to soft market in UKGI has impacted insurers’ full-year 2024 results – but insurer chief executive emphasises the importance of disciplined underwriting in managing market cycles
News
Lloyd’s broker inks deal to launch new motor trade platform
’This platform reflects our continued investment in digital innovation and broker experience,’ says chief executive
News
Covéa swings back to profit but GWP drops
These results come in the middle of the insurer executing its three-year strategic plan
News
Addept enters LEI market as capacity deal announced
’It is a market that has experienced challenges, ranging from a lack of customer understanding around the product, to the regulator’s focus on fair value and low levels of utilisation,’ says managing director
News
MGA expands combined liability coverage to include contractors
’It makes sense to broaden our horizons and to complement our core engineering products,’ says underwriter
News
Acorn Group grows GWP by 41% in 2024 as COR remains below 90%
’We’ve seen strong growth across all key lines, driven by smart underwriting, advanced pricing and a deep understanding of our customers’ needs,’ says chief executive
News
Aventum-owned MGA secures five-year capacity deal with Allianz
’I strongly believe that the strengths of our organisations complement each other and will benefit both parties greatly,’ says chief executive
News
Deal-linked Esure posts profit of £57.7m for 2024
’We have strengthened the business with a focus on optimising customer experience on our new platform and expanding our product offering,’ says chief executive
News
MGA secures Hiscox capacity for non-standard household products
’The addition of its A-rated capacity and expertise allows us to provide brokers with robust cover options for their clients,’ says managing director
News Analysis
In Focus: Was Gap insurance ‘unfairly targeted’ by the FCA?
’The way [the FCA has] gone about it, closing down an entire market, is unheard of,’ says managing director
News
LV= announces £29m in member bonuses following 2024 result
’As a mutual, members come first,’ says chief executive
News
Ardonagh posts 24% increase in income for 2024
Last year ’was a coming of age for Ardonagh,’ says group chief executive
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