Commercial
RSA ‘pragmatic’ on product review as NIG acquisition completes
RSA intends to “move at pace” and make strides towards going to market with a single set of products by the end of this year following its acquisition with NIG and FarmWeb, Sonya Bryson has told Insurance Post.
Hughub enters into administration
Insurance software provider Hughub has been placed into administration due to a lack of funding.
Axa CEO Foley on why another XL-sized deal isn’t on the cards
Axa UK & Ireland CEO Tara Foley won’t rule out another acquisition but said her growth plan for the business is to build plus consolidate everything currently within the multi-line provider.
Former GCHQ director joins Cyber Monitoring Centre
The Cyber Monitoring Centre has appointed former GCHQ director general for technology, Gaven Smith, to its technical committee.
Zurich and Freedom Services partnership targeting £50m GWP in year one
Zurich UK has penned a five-year deal with managing general agent Freedom Services under which the insurer will provide capacity for an existing commercial vehicle book as well as a fresh telematics play.
Three takeaways from Zywave’s Cyber Risk conference
Price adequacy may be under pressure in the cyber insurance market and there are “seismic shifts in buying behaviour” in the reinsurance market, according to experts gathered at Zywave’s Cyber Risk conference.
MGAA’s Keating on the need for more data sharing
Trade Voice: Mike Keating, CEO of the Managing General Agents’ Association, says data sharing is a two-way street and capacity providers need to be more open with MGAs.
Big Interview: Jason Storah, Aviva
In his first full profile interview since taking over as UK and Ireland General Insurance CEO at Aviva, Jason Storah sits down with Scott McGee to talk about the insurer's re-entry into Lloyd's, where else Aviva could yet expand, and the differences…
Cyber insurance procurement process labelled ‘a disaster’
Onda chief underwriting officer Alex Jomaa has dubbed the procurement process for cyber insurance “a disaster”, and said that both brokers and underwriters need to change their ways to boost the number of businesses that buy the product.
RSA still unsure on combined NIG business brand
RSA CEO Ken Norgrove has said the future brand of the combined RSA and NIG business is an open question, in an update to brokers.
Integration and restructuring costs push RSA to 2023 loss
RSA has reported a £19m pre-tax loss for 2023, despite improving on both its 2022 underwriting and investment performance.
Mandy Hunt named as MD of Clear Group MGAs
The Clear Group has appointed former RSA chief underwriting officer Mandy Hunt as managing director of its managing general agent business.
Big Interview: Jon Dye, Hiscox
Jon Dye, CEO of Hiscox UK, sits down with Harry Curtis to discuss the business’s growth prospects, its ongoing digital trading efforts and new look C-suite.
QBE eyes growth opportunity in ‘underweight’ South East
QBE director of UK regions Andy Fitzgerald has identified the South East as a “massive” growth opportunity for the insurer as it aims to bulk up its UK regions business.
Aviva revamps financial lines management and pushes into Scotland
Aviva has announced several new hires in its financial lines team, including underwriters that expand its presence into Scotland.
RSA appoints trading directors ahead of NIG integration
RSA has appointed Moira Spencer and Deena Hemming as trading directors for the North and South respectively, ahead of the integration of NIG next month.
Could rugby court clash shift the sport to self-insuring?
The outcome of a lawsuit launched by hundreds of rugby union players could have a far-reaching impact on the future of the sport. Tim Evershed looks at whether parallels can be drawn with similar actions in the US against governing bodies, such as the…
Roundtable: Scaling up new technology while avoiding the pitfalls
Many commercial insurers and brokers are keen to adopt more automation and AI to drive efficiency and improve customer outcomes. However, the complex and bespoke world of corporate insurance means they face greater challenges than in the personal lines…
Businesses unprepared for incoming anti-terrorism law
Over three quarters of businesses aren’t confident that they will be able to comply with new anti-terrorism requirements, according to research by Gallagher.
Rokstone’s D&O head says there is less ‘moronic’ underwriting
Directors’ and officers’ insurance rates are set to flatten in the next 12 months, according to Jimmy Heaton, head of D&O for UK & Europe at Rokstone, who added there is now less moronic underwriting going on in the market than there was at the end of…
Lessons from a Bad Beet harvest for agricultural insurers
Could recent payouts to sugar beet farmers for revenue lost to bad weather lead to a growth in insurance options for out-of-doors crops, including parametric solutions? Edmund Tirbutt investigates.
RSA’s UK specialty book expected to surpass £1bn by 2030
RSA’s managing director for UK specialty lines, Steve Watson, expects the size of the business he heads to double by the end of the decade primarily through building out new capabilities.
JCG uplift of 22% could mean small track claims limit is increased
The incoming uplift for personal injury claims recommended in the Judicial College Guidelines might need to see an upheaval in limits applied to the Official Injury Claims portal.