Aviva believes there is “more to go at” with brokers and is weighing up options, having opened in Chelmsford and Southampton along with expanding in Glasgow this year, UK and Ireland, general insurance CEO Jason Storah told Insurance Age. When Storah was named in the role in August 2023, brokers urged him to focus on … Read more
Aviva has agreed to a deal with Howden to provide capacity for the broker’s Bespoke Farm and Estate Scheme, Insurance Age can reveal. The scheme is expected to go live from October. Aviva will offer property and liability covers for farming, land and estates, and property owners through Howden’s Rural Division on a delegated authority … Read more
Markel is aiming to meet the evolving needs of the UK’s tech sector as it launches an expanded offering. MarkelTech is targeting start-ups, small and medium sized businesses, mid-market and high growth companies. The enhanced product offers a suite of coverages including professional indemnity, cyber, property, business interruption and liability covers. The specialist insurer explained … Read more
Insurers detected £1.1bn worth of fraudulent claims last year, up 4% on 2022, according to the latest cross-industry figures. The Association of British Insurers added its members identified 84,400 fraudulent claims in 2023, 11,800 more than the previous year (a rise of 14%), and the average value was £13,000 (2022: £15,000). For the first time, … Read more
Ecclesiastical grows 11% in half year as UK and Ireland COR tumbles to 84.2% – Insurance Age End of drawer navigation content Skip to main content Ecclesiastical Insurance achieved £18m of underwriting profit on UK and Ireland business in the first half of 2024 as its combined operating ratio improved substantially to 84.2% from 106.6% … Read more