Latest financial news, updates and insights for the UKGI market

Financial

Policy Expert targets £500m GWP as capacity deal announced

2024-11-29T10:00:00+00:00By Chantal Kapani

’We are delighted to agree this multiyear deal,’ says chief executive

Covéa Insurance does not want to ‘rush and fail’ growth after 2023 job cuts – Georges de Macedo

2024-11-29T08:00:00+00:00By Katie Scott

Despite falling nine places in this year’s Top 50 Insurers report, published by Insurance Times and Insurance DataLab, insurer chief executive believes ‘growth is not difficult’ to achieve

News

London market has ‘superpower’ to meet client needs as risks grow – Neal

2024-11-28T14:00:00+00:00By Jon Guy

’We have a riskier world with the impact of Covid, war on land and the climate,’ says chief executive

News

Markel-backed personal guarantee MGA hits 3,000 policyholder milestone

2024-11-25T07:00:00+00:00By Katie Scott

Despite achieving ‘a significant milestone’ in terms of customer count, managing director says firm’s ‘ambitions for growth remain substantial’

News

Motor insurance costs decline across 2024

2024-11-22T12:00:00+00:00By Chantal Kapani

However, despite overall price drops, young drivers continue to pay high premiums across the UK

News

£60m GWP broker secures £8m investment for UK expansion

2024-11-21T10:00:00+00:00By James Cowen

’This latest investment gives us additional firepower to keep growing our commercial broking organisation,’ says chief executive

News

Home insurers with claims acceptance rate of less than 55% revealed

2024-11-20T10:51:00+00:00By James Cowen

’The regulator shouldn’t hesitate to take action against those falling short,’ says director

News

New MGA officially launches with long-term capacity

2024-11-19T10:24:00+00:00By James Cowen

’This new business will focus exclusively on addressing a significant gap,’ says chief executive

News

MGA secures new three-year capacity deal as Allianz switch made

2024-11-19T09:26:00+00:00By James Cowen

’Next year will be an exciting one for us all as we accelerate our growth in the SME market,’ says head of eTrade

News

Venture capital funding for insurtechs projected to hit $4.2bn by end of 2024

2024-11-18T13:38:00+00:00By Clare Ruel

There is ’a positive rebound’ for VC-backed insurtechs, with ’series B funding picking up’, says chief executive

News

Former business partners fined and banned by FCA for breaching order

2024-11-18T11:36:00+00:00By James Cowen

The FCA said the duo ’were not fit and proper to perform any regulated activities due to the serious nature of their breach of the requirements’

News

High Five: Catch up on the biggest stories this week

2024-11-15T15:00:00+00:00By Insurance Times

Insurance Times rounds up the biggest stories from 11 to 15 November 2024

News

Aviva reports 18% UKGI premium growth

2024-11-14T13:00:00+00:00By James Cowen

’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

2024-11-14T08:00:00+00:00By Matt Scott

Insurance DataLab looks at how commercial, personal and composite insurers have performed

News

Specialist MGA secures Hiscox capacity for new proposition

2024-11-13T10:03:00+00:00By James Cowen

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

2024-11-11T12:00:00+00:00By Clare Ruel

The quarter has seen a ’shift towards a more even distribution of capital, reflecting a maturing and stabilising industry,’ says global head of insurtech