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Financial
News
High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from 11 to 15 November 2024
News
Aviva reports 18% UKGI premium growth
’Trading continues to be extremely positive right across the business,’ says chief executive
News Analysis
Specialist insurers lead the way as composite firms continue to suffer
Insurance DataLab looks at how commercial, personal and composite insurers have performed
News
Specialist MGA secures Hiscox capacity for new proposition
The proposition has been in development for the last two years
News
AI focused firms secured majority of insurtech funding in Q3 2024 – Gallagher Re
The quarter has seen a ’shift towards a more even distribution of capital, reflecting a maturing and stabilising industry,’ says global head of insurtech
News
Cost of pothole claims becoming ‘hugely expensive’ – Allianz
’Our roads are blighted by potholes and it is astonishing to see the problems they cause,’ says claims director
News
DLG reveals plans to axe around 550 jobs to cut costs
Chief executive says the insurer is in the early stages of a ’significant turnaround’ as it looks to make its operating model more efficient
IT Interview
Georges de Macedo: Chief exec promotes five pillar plan to keep Covéa Insurance in the black
Covéa Group sends Frenchman across the Channel to spearhead British business because ‘the situation in the UK required some action’
News
Hiscox UK grows ICWP by 4.5% in nine months to September 2024
’The group continues to deliver a solid performance,’ says chief executive
News Analysis
Briefing: Trump wants to ‘end inflation’ – but insurance data suggests this won’t be easy
Trump pledged to ’end inflation and make America affordable again’ prior to being elected as president for the second time
News
Insurance provider to move book of 13,500 policies from RSA to MGA
’We’re excited to build a relationship that prioritises sustainable, profitable growth,’ says chief executive
News
New MGA focused insurer launches in UK
’We believe that there is a significant opportunity within the MGA sphere in the UK,’ says chief executive
News
PI-focused MGA wins long-term capacity deal with specialty insurer
’This transition marks a meaningful step forward, enabling us to continue delivering the stability and tailored support our brokers and insureds count on as we grow,’ says chief executive
News
Ancillary insurance provider signs landlord pet damage capacity deal with SAGIC
’We are excited to be working with Addept to offer brokers and their landlord clients access to an important addition to the landlord property insurance market portfolio that responds directly to the new Renters’ Rights Bill,’ says director
News
Howden launches new proposition backed by several insurers
The product is ’another proactive, seamless, data-driven solution that safeguards businesses’, says head
News Analysis
TechTalk: Market conditions keep insurtech investors cautious – but ‘green shoots’ may be ahead
’There’s a need for more action to be taken to encourage investment in technology and insurtech markets,’ says co-chair
News
Specialist broker secures increased investment
The broker is ’confident’ that ’positive momentum will continue into 2025 and beyond’
News
UK Budget: Rachel Reeves makes no mention of IPT in speech to Commons
The chancellor has elected to not raise IPT in the Autumn budget today
News Analysis
Incubators help MGAs take their first steps
MGA incubator models are growing in popularity, especially as support from these firms can trim nine months from the regulatory approval process for startups
Sponsored Content
Navigating a tight budget – Arag
Andy Talbot, director of marketing for ATE and broker, discusses how firms can work around the outcomes of the upcoming Autumn Budget
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