Affinity
Bspoke’s Hood partnership; CFC’s European expansion; Pool Re’s head of underwriting
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Questions remain as more brokers sign leasehold pledge
Seven more broking firms have signed up to the leasehold commission pledge in association with the Department for Levelling Up, Housing and Communities.
Roundtable: Making embedded insurance a profitable business model for insurers
Embedded insurance offers the potential of a rich seam of new business and lower-cost distribution. But, as a recent roundtable hosted by Insurance Post in association with Duck Creek Technologies revealed, insurers are still figuring out how to get…
Markerstudy to keep BGLI brands, staff and management after £400m deal
BGL Insurance is a “complementary fit” with Markerstudy’s existing distribution business and provides cross-selling opportunities as the firm grows to close to six million customers, according to group underwriting director Gary Humphreys.
Roundtable: The future of affinity insurance in the digital age
The affinity space continues to attract interest from both insurers/brokers and brand partners looking to either tap into new customers or create deeper longer term relationships with existing ones. But what was once a case of simply white labelling…
Ageas Retail posts falling revenue but rising profit for 2020
Ageas Retail, which includes the Ageas Direct and Rias brands, has reported an 11% drop in revenue to £76m in 2020 with volumes being impacted by the coronavirus pandemic.
Tasker targeting up to five more deals in 2021 after Numark buy
Tasker Insurance Brokers is looking to expands its regional footprint with a series of hub purchases next year, group CEO Rob Organ told Post.
Blog: Meatballs, Billy Book cases and Hemsaker: Can Ikea make flat pack household insurance a success?
As Ikea teams up with Swiss Re to enter the household insurance market, content director Jonathan Swift reflects on how the Swedish furniture giant could disrupt the sector with its own brand of flat pack cover.
Post Office switches from BGL panel to Ageas home insurance partnership
Post Office Insurance has teamed up with Ageas on an exclusive five-year deal for home insurance.
Interview: Ali Crossley, BGL
In less than a year in her new role as managing director for Junction and BGL Customer Services, Ali Crossley has helped implement more than 100 digital improvements across the group's brands.
Gallagher makes senior promotion and appointment in small business & personal lines division
Gallagher has made a senior promotion and external appointment within its UK small business & personal lines division.
FSB launches broker venture following departure from Towergate deal
The Federation of Small Businesses is launching its own broker following the termination of its affinity deal with Towergate.
Junction’s Gary Duggan on how the data revolution can benefit consumers
The vast amount of data available to insurance providers in an increasingly digital world offers extraordinary potential for our industry, allowing us to understand our customers better, to refine our pricing and to improve and personalise the…
Gallagher buys US E&O programme manager
Arthur J Gallagher is to buy California-based National Ethics Bureau for an undisclosed sum.
Mass resignations at Gallagher's Croydon business
Arthur J Gallagher's insurance services director Nigel Palmer and other members of the Croydon-based commercial affinities team have resigned.
Affinity: Creating perfect partnerships
Despite the public outcry over the affinity partnership between Age UK and Ageas, a clear objective and strategy can reap rewards for both halves of a deal.
DLG storm losses total £130m and push commercial COR to 104%
The December 2015 floods in the UK pushed Direct Line Group's commercial combined operating ratio to 104.5% (2104: 98.8%) but CEO Paul Geddes said the company's results remain in line with competitors.
Aon seeks partners for SME affinity growth
Aon Risk Solutions is seeking to expand its SME broker distribution channel through more Aon-appointed representatives for its Aon affinity division.
Aviva signs five-year partnership with Homeserve
Aviva has signed a five-year deal to underwrite home assistance products for Homeserve's two million UK customers.
Brightside and Sun Life team up on home insurance offering
Brightside has signed a five-year affinity deal to provide a home insurance offering for Sun Life customers.
Ageas and Virgin Money launch partnership
Ageas UK and Virgin Money have launched their home and motor strategic partnership that was announced in 2014.