Insurance Times rounds up the biggest stories from this week
’That customers [paying monthly] can end up paying over the odds compared to those who pay for cover annually is blatantly unfair,’ says director
’We’re excited to expand our capabilities to reach a broader user base,’ says co-founder and director
’The government has the opportunity to make some specific interventions to help ease the financial burden on customers and help with the issues that we are seeing,’ says chief executive
The move comes as the insurer looks to broaden its focus
’Our employees have the opportunity to become shareholders in the company under privileged conditions,’ says chief executive
Chief executive attributes balance sheet growth to ‘disciplined underwriting, smart organic growth and real strength in the Lloyd’s balance sheet’
The Labour party already has motor insurance premiums in its sight – but how long until home insurance starts to face the same level of scrutiny?
’The last 18 months have exceeded all expectations,’ says managing director
’The actions we have taken are beginning to make a difference but there is more to do,’ says chief executive
Insurer’s chief underwriting officer expects second half growth for this area of the business after experiencing insurance contract written premium dip in 2024’s H1
The ratings agency has maintained its positive outlook on the global P&C reinsurance sector “despite high natural catastrophe losses and likely lower interest rates globally”
’It’s encouraging to see record numbers of pet owners all over the UK take out insurance to help cover the cost of veterinary treatment,’ says senior policy advisor for general insurance
’We will be distributing an interim gross cash dividend of £1.26 (€1.50) to our shareholders,’ says Ageas chief executive
’The group has taken action to strengthen the control environment in relation to the specific area where the miscalculation occurred,’ says insurer
However, ’a reduction in IPT is unlikely at the Autumn budget,’ says head of insurance consulting
’We’ll continue to take action where we see poor value,’ says director
However, no new startups appear to be taking advantage of ‘gradual softening’ market conditions and some reinsurers are described by primary firms as ‘opportunistic’ in their bid for growth
Neill Johnstone, managing director at Lorega, explains what brokers can expect from the MGA in the coming year and outlines key trends impacting the MGA market
’The downturn in the crypto markets signals a period of heightened caution and strategic reassessment’, says chief operating officer