The Association of British Insurers has calculated insurers paid out a record £585m for weather related damage to people’s home and possessions in 2024. The claims followed significant and consistent bad weather including 12 named storms in the 2023/2024 storm season, the most named storms since 2015/2016, the ABI noted. It detailed that claims for … Read more
Managing general agent Iprism has signed a multi-year deal with Zurich bringing in capacity for its property owners and commercial combined products. The deal extends the MGA’s existing arrangement with the provider which already encompasses capacity for trades and professions and retail package products. According to the construction, property and high net worth MGA the … Read more
Aviva has renewed its multi-year partnership with Citizens Advice, pledging more than £4m to the charity, following its two-year investment in 2022. Over the next three years Aviva’s funding will support the charity to develop a dedicated customer referral service for Aviva’s UK customers in need of additional advice, which will be provided on a … Read more
Legal expenses insurance provider Arag has completed the integration of the Das UK brand a year on from the deal going through. Arag acknowledged the disappearance of the Das brand from the UK market after 50 years marked the end of an era. The acquisition of Das UK was struck in July 2023 creating a … Read more
The Financial Conduct Authority handed out £1.11m in fines to two general insurance broking individuals in 2024, as firms achieved the second year in a row of zero fines. In November the watchdog served Leigh Mackey, formerly sole director of closed broker Inspire Insurance Services, a £1,102,879 penalty and ban after he used insurer funds … Read more