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
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
The Managing General Agents’ Association has set out it strategic vision and mission for 2025, focusing on education, amplifying its value to members, and data-driven insights. Alongside the announcement, the MGAA has refreshed its brand identity and launched an updated website. On networking and education, the trade body committed to continue providing members with forums, … Read more
Nicola Holmes, the head of broker in Hiscox’s art and private clients division, is to depart the business to pursue a new opportunity at an as yet unnamed intermediary, Insurance Age can reveal. Holmes, pictured, took up the APC role in May 2023, having previously been Colchester branch manager from January 2021. She joined Hiscox … Read more