Allianz UK has increased its risk appetite on its SME digital trading offering, Complete Business, as well as reducing the number of referral points in the online journey and increasing the cover limits available.
Figures from Defaqto’s latest motor insurance price index show that motor insurance premiums rose by 2.1% in Q2. This was on top of the 1.4% uptick in Q1, taking the total increase since the beginning of the year to 3.6%.
Addept Insurance Services has launched a legal expenses insurance product aimed at owners of leisure homes and caravans. Pitch+ provides legal protection for owners defending criminal prosecutions, pursuing or defending contractual and site owner disputes and seeking to recover uninsured losses associated with the ownership of their leisure home of caravan.
John Lewis Money has given the green light to its new brokered motor insurance proposition after becoming a licensed insurance broker earlier this year. Its two-tiered offering, branded premier and essentials, is provided by its three-strong panel of insurers – Ageas, Axa and Covéa Insurance.
Managing general agent Commercial Express has included pet damage cover as standard to all its residential property owners policies. It says the move was driven by the introduction of the recent Renters’ Rights Act, which makes it easier for tenants to keep pets in rented accommodation.
Open GI has added a new property owners product from Covéa Insurance to its portfolio. The product is available through Open GI’s SME commercial lines platform as well as via imarket. It provides all risk cover for as many as ten commercial and residential properties under a single policy.
Short-term car insurance provider Zixty has struck a deal with the Driver and Vehicle Standards Agency, which will see it featured on the DVSA’s theory test app, which has more than 300,000 monthly active users.
Managing general agent Euna has launched a non-standard residential and contract works product – Specialist Home – offering insurance for properties across the UK. It seeks to cover risks such as non-standard construction, listed properties and properties undergoing contract works, as well as those with an adverse loss history and unoccupied or low-occupancy homes.
Managing general agent Policy Expert, which specialises in the personal lines sector, has renewed its capacity partnership with Bridgehaven. The new deal stretches until the end of 2029 and is anticipated to support annual premiums of approximately £500m and around £1.75bn over the course of the agreement.
Specialist Risk Group has acquired intermediary Superian Insurance Group, which was founded in 2011 and has an established focus on medical malpractice, healthcare liability and professional indemnity. Superian operates as a wholesaler, retailer and managing general agent.
The London Engineering Group, which was established in 1984 and supports insurers covering engineering risks, has become part of the International Underwriting Group, which represents more than 80 London insurance market companies. The IUA secretariat will provide administrative support for the LEG’s various meetings and sub-groups.
Addept Insurance Services has launched a product called Legal Services Club that it says offers a broader scope of cover than traditional products in the market. The policy offers cover for legal disputes related to issues including conveyancing, matrimonial matters, divorce, wills and power of attorney.
Admiral Business has partnered with digital banking and accountancy provider Anna Money to provide customers with access to insurance products aimed at freelancers, contractors and small businesses that include public liability, professional indemnity and tools insurance.
Insurance intermediary platform ANV Group Holdings Ltd has struck a deal to acquire Assured Underwriting Group Limited from private equity firm Mobeus. Assured is a London-based managing general agent that was founded in 1983 and specialises in insurance-backed financial protection products for tour operators and the travel sector.
Carbon Underwriting Limited has penned an agreement that sees FTV Capital make a significant growth equity investment in the managing general agent which operates Carbon Syndicate 4747 in the Lloyd’s market.
Trade association Insurtech UK is seeking to secure better access to capital for its start-up members through the launch of an investor network. At the same time, the association has also published its Investment Guide for Insurtech Firms, which provides guidance on the support available and steps to take to secure investor backing.
Source Insurance has appointed Ageas UK to its panel of home insurance providers. Cardiff-based Source works with financial advisers and provides them with access to a range of home insurance products for their homeowner and landlord clients.
Addept broadens personal legal expenses proposition
Morrisons partners Hood on pet and travel
Principal's post-tax profits surge 16.5% to over £812k
Ageas adds digital dimension to Connells partnership
Quarterly motor premiums up for first time since 2023
Ageas joins John Lewis Money panel
New CII advisory board supports strategy development
Admiral teams up with Anna Money on SME cover
ANV snaps up Assured Underwriting Group
CFC to add affirmative AI cover to policies
Addept develops new LEI product
Defaqto data details hardening motor market
Allianz UK revamps SME digital trading proposition
Open GI and Covéa partner on property
Commercial Express adds pet damage cover to property products
John Lewis Money launches brokered motor offering
Euna expands proposition into home market
Zixty partners with driving and testing agency DVSA
London market bodies join forces
SRG swoops in for Superian Insurance Group