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Financial
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
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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
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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
News Analysis
Broker schemes data shows overarching commission growth stutter
‘The latest set of data presents a mixed bag,’ says SchemeServe chief executive
News
Motor market currently ‘at about the softest point in the cycle’ – Geoff Carter
‘Our view is that the market is substantially underpriced on new business at the moment – the pendulum has swung too far,’ says chief executive
News
Motorists see biggest annual fall in car insurance premiums since 2014
The trend has been largely driven by ‘easing claims inflation and frequency’
News
Ecclesiastical boosts underwriting profit in 2024 due to ‘low year for claims’
’We intend to keep up the momentum in 2025, delivering brilliant service, driving sales growth and continuing to invest in our capabilities,’ says chief executive
News
Aventum-owned MGA secures new capacity as it continues to grow portfolio
’The agreement further strengthens our ability to offer clients comprehensive, world-class coverage,’ says underwriter
News
MS Amlin posts underwriting profit growth in full-year financial results
‘This performance reflects the fact that MS Amlin is able to deliver strong results, year after year,’ says chief executive
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