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Howden secures another sport sponsorship deal

1 week ago | insurancetimes.co.uk | James Cowen

’We’re already two like-minded organisations,’ says chief executiveHowden has signed a new deal to become the official partner of the Lawn Tennis Association (LTA). The three-year deal will see Howden use its branch network to support the 3,500-plus LTA registered venues. The LTA and Howden will also collaborate closely with coaches and venues across the country to bring Tennis to more local communities.
Axa warns of 'unusually high spike' in crime at empty commercial premises

1 week ago | insurancetimes.co.uk | James Cowen

’It’s concerning to see a rise in criminal activity at vacant sites, both in terms of the number of premises being targeted and the level of violence involved,’ says directorAxa has warned of a steep rise in the number of empty commercial properties being targeted by criminal gangs. The insurer said criminal activity had been gradually increasing over the years, but had seen an “unusually high spike” in the last three months.
Allianz UK expands personal lines retail leadership team with senior hire

1 week ago | insurancetimes.co.uk | James Cowen

’She brings a vast amount of energy, experience and drive to the job,’ says managing directorAllianz UK has strengthened its personal lines retail leadership team with the appointment of Sarah Watts as partnerships director. Watts, who previously held the role on an interim basis, will be responsible for the overall strategy, growth and product development of Allianz’s UK personnel partnerships business.
Markel to acquire 51-year-old MGA specialising in marine products

1 week ago | insurancetimes.co.uk | James Cowen

’There are clear strategic and cultural similarities between the two businesses,’ says chief executive Markel has entered into an agreement to acquire marine focused MGA Meco Group. Founded in 1974, Meco Group provides products and services to a range of global marine clients, including charterers and traders, shipowners and entities engaged in maritime operations and global supply chains.
International broker completes MBO after selling UK arm

1 week ago | insurancetimes.co.uk | James Cowen

’It provides us with access to new funding that we will use to grow our offices, services, capabilities and technology,’ says chief executiveHW International BV (HWI BV) has completed a management buyout (MBO) to enhance its independence, international presence and product offering.
Briefing: Does Ageas’ purchase of Esure make up for it losing out on DLG?

1 week ago | insurancetimes.co.uk | James Cowen

Ageas UK made two bids for DLG in 2024 – both were rejected Ageas has made no secret of its plans to expand in the personal lines market, with UK chief executive Ant Middle having told Insurance Times that it plans to “become one of the top three players” in this area. Middle said the insurer would do this by “leveraging and focusing on organic growth”, but there is no doubt that the firm has acquisitions very much on its radar.
Industry warned of looming insurance leadership crisis after M&A surge

1 week ago | insurancetimes.co.uk | James Cowen

’Whether leaders leave for new jobs, or leave the sector altogether, they will take with them years of experience, in some cases decades,’ says chief executiveThe UK insurance sector is facing a potential leadership vacuum driven by a wave M&A, according to Crescens George, chief executive at Wiser Academy.
AI usage in insurance is an ‘evolution, not revolution’ - Hiscox

1 week ago | insurancetimes.co.uk | Harry McNeil

Insurer’s head of technology emphasises that AI is ’a tool to enhance existing practices’, rather than act as a replacement for current people and processesArtificial intelligence may drive change across the UK general insurance market, but this is no revolution. Rather, it marks a shift in mindset, an adjustment in tools and a sharpening of strategy.
Covéa Insurance plans to re-enter EV insurance market in 2025

1 week ago | insurancetimes.co.uk | Katie Scott

The underwriter first pulled back from insuring fully electric vehicles as part of its relationship with retailer John Lewis in 2023 after getting cold feet about repair costsCovéa Insurance chief executive Georges de Macedo has confirmed to Insurance Times that the insurer will re-enter the electric vehicle (EV) insurance market in 2025 after initially halting the sale of new EV policies and renewals distributed through its partnership with retailer John Lewis in 2023.
Westfield Specialty makes senior hire as it launches reinsurance division

1 week ago | insurancetimes.co.uk | Harry McNeil

‘A refreshed and expanded reinsurance offering is an important element of Westfield Specialty’s long-term strategy for growth,’ says chief executiveWestfield Specialty International has launched a new reinsurance division and appointed Chris Gray as its divisional director. Westfield said that a ”refreshed and expanded reinsurance offering is an important element” of its long-term strategy for growth and that Gray “is the person to deliver that for our business”.