Personall Lines – Page 18
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Home insurance premiums rising at record pace
’This is the largest yearly increase we have seen since our tracking began in 2014,’ says senior insight analyst
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JM Glendinning expands portfolio with broker buy
’This is a great opportunity for JM Glendinning and will unlock many opportunities,’ says managing director
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The Green Insurer inks partnership with LV= General Insurance
’Expanding our panel of insurers shortly after launch is a major endorsement for The Green Insurer,’ says chief executive
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Hiscox UK posts £630m ICWP for 2023
’The UK broker commercial business continued to enjoy excellent retention, illustrating the underlying quality of the business and loyalty of our customers,’ says group chief executive
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Financial education leaves insurance ’off the table’ – Black Girl Finance
’That insurance conversation gets left behind,’ says founder and chief executive
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Remaining Gap providers told to pause sales of product by FCA
’We are working closely with Gap insurers to resolve issues as quickly as possible,’ says spokesperson
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Catch up on last week’s ABI Conference 2024
Insurance Times rounds up the biggest stories from last week’s insurer conference
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Bspoke Group completes personal lines acquisitions
’Our portfolio of niche businesses is well-placed to build their market presence,’ says chief executive
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Miller expands into parametric insurance market
’The formation of this specialised team underscores Miller’s ongoing commitment to innovation and client-centricity,’ says head of energy and construction
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Collaborative solutions to develop ‘a risk sharing model’ – Fair4AllFinance
’It gives us a real opportunity to make a difference,’ says chief executive
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Auxillis appoints new managing director
’I’m very excited to be taking up the reins of such a successful operation,’ says new appointee
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Storms and inflation drive rise in average cost of building insurance claims
’It comes as no surprise that the widespread property damage during the quarter cost the industry,’ says head of property
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Lemonade’s UK arm drives European growth
’Our European business made solid strides in 2023,’ says letter
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Motor insurance ‘a door shutting in peoples’ faces’
’Looking at insurance in the [context] of what products serve consumers as a stepping stone is important,’ says chief executive
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Pricing of motor premiums ’fundamentally discriminatory’
’If we use occupation, postcode, all those [types of] things, then we are going to discriminate against vulnerable consumers,’ says chief executive
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Fraudulent activity surrounding luxury watch claims ‘as high as 50%’
’Common scenarios include fictitious losses or a watch being used to make multiple claims with different insurers,’ says managing director
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ManyPets’ group chief executive Mendel to depart for ‘change’
The business has also announced a successor
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Allianz’s Holmes responds to FCA’s Gap insurance announcement
’All products should provide value for customers,’ says chief executive
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Millions of UK homes at risk of underinsurance
’It’s shocking to see that so many might not have the coverage they need to keep their possessions safe, says expert
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Flood damage reported to insurer after storm nears £10m
’As a nation, we need to become more resilient to extreme weather events,’ says head