The Acturis Commercial Broking Index reveals further premium increases at the end of the year, but experts predict the market is set for softening in 2025. Ida Axling reports. The cost of commercial insurance grew by 3.8% in 2024, driven by particularly large premium hikes in fleet and property owners. This is according to the … Read more
Keep up to date with the latest insurance industry personnel moves. Featured: The Insurance Charity, Bridgehaven, Tokio Marine Kiln, Specialty MGA UK, Superscript, and Apollo. The Insurance Charity appoints CEO Helen Sanson has been named CEO of The Insurance Charity, joining from 10 March. Current CEO Annali-Joy Thornicroft announced her planned retirement last autumn, after … Read more
FCA and PRA committed to driving competition and innovation – Insurance Age End of drawer navigation content Skip to main content The Financial Conduct Authority is looking at what rules can be stripped out following Consumer Duty and if fair value assessments need to be every year. Matt Brewis, director of insurance at the FCA … Read more
Allianz UK has reported a 5.5% rise in gross written premiums last year to £4.66bn with profit surging ahead. The growth has followed topping £4bn of premium for the first time in 2023. Operating profit rose 52% to £367.8m in 2024 as the combined operating ratio improved year-on-year from 96.9% to 95%. In commercial lines, … Read more
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