Aviva’s strategic accounts director Michelle Taylor has been handed a wider broker-facing remit within the insurer, Insurance Age can reveal. She will take on the position of broker distribution director, reporting to Dave Martin, MD for UK commercial lines and chief distribution officer at Aviva. In her new expanded role Taylor, pictured, will assume responsibility … Read more
IS2 has launched an API enabled hosted pricing solution, staking a claim for a commercial lines schemes first. The software specialists set out the offering enables commercial insurers and managing general agents to boost schemes distribution and maximise efficiency. It argued that while similar approaches have been in place for a while in the personal … Read more
Esure is possibly up for sale, as private equity firm Bain Capital has lined up advisors, according to Reuters. Bain bought home and motor insurer Esure in 2018 in a deal which valued the business at £1.2bn. According to Reuters potential bidders include Ageas which told the news outlet it never comments on market rumours. … Read more
Moody’s has changed its outlook for UK property and casualty insurers to stable from negative, noting prices for personal lines cover, such as motor insurance, have risen sufficiently to absorb claims inflation. The ratings expert also flagged that commercial lines prices while rising more slowly or softening were still “supportive of strong insurer performance”. Motor … Read more
Lloyd’s has begun a consultation as it looks to modernise and streamline its approach to dealing with poor conduct and behaviours in the market including both financial and non-financial misconduct. The consultation paper Lloyd’s: A Modern Framework For Dealing with Poor Conduct and Behaviour in the Market, comes as the market admitted its current processes … Read more