Articles by Ida Axling
Masojada: Hiscox regrets "anguish and uncertainty" caused by Covid-19 BI dispute
CEO discusses the need for the insurer to rebuild its brand and reputation as a result of the BI disagreement as insurer posts £192.4m loss for 2020.
News analysis: Are we heading for an underinsurance crisis?
Difficult conversations on horizon for brokers as SMEs seek to cut costs amid economic uncertainty due to business squeeze from Covid, Brexit and harder market
Beazley CEO Andrew Horton moves to QBE
Horton is set to become group CEO of QBE in Australia later this year as Beazley names chief underwriting officer, Adrian Cox, as his successor.
Aviva to buy Axa XL's Private Clients business
The deal, which is set to complete later this year, will see the Axa XL Private Clients team move across to Aviva to launch a new Aviva Private Clients proposition.
Inflexion reveals fresh broker investment following Bollington sale
PE firm backs DR&P Group with intention to support the broker to grow organically and through acquisition.
Avid swoops for specialist construction MGA
Deal for IIGL will see Avid diversify into four new specialisms as the MGA's GWP reaches £75m.
Ardonagh buys specialist M&A broker
Hemsley Wynne Furlonge, which will be bought by Ardonagh subsidiary Hamilton Investment Bidco, brings £10m of revenue and 17 staff to the group.
Interview: Ecclesiastical's Richard Coleman
MD of UKGI, Richard Coleman, tells Insurance Age about the provider's plans to modernise its brand and discusses the business interruption test case and Ecclesiastical's approach to working with brokers.
Beazley reveals digital push with new business unit
Beazley Digital was developed in response to growing demand for e-traded products from brokers and clients and will be led by COO Ian Fantozzi.
ERS posts surge in profit for 2020
COR also improved, while GWP was down on 2019 after a number of products lines were "materially affected" by Covid-19.
D&O specialist MGA Rising Edge set for "imminent" launch
Provider to bring new capacity to the London Market at a time of "unprecedented upheaval" in the D&O sector, with the aim to reinvent the way the industry operates.
Ex-Aviva boss Mark Wilson to lead insurtech venture after merger with Complete Cover Group
Motor insurtech Abacai launches with backing from Complete Cover owner Sun Capital and sees Wilson take charge as CEO alongside a leadership team including two executives from CCG.
GRP snaps up Ipswich-based broker
Five Insurance Brokers specialises in the construction, manufacturing and process, haulage, motor trade and warehousing sectors and will become an appointed representative of GRP.
Aston Lark buys Kent-based Sennocke
Deal includes two niche brands - Self-Build Zone and Build-Zone - as well as technical surveying and risk management business Build-Zone Survey Services.
Broker wordings behind Allianz's Covid-19 BI claims hit
UK CEO Jon Dye discusses the business interruption test case and why communication with brokers is critical, after Allianz revealed its total impact of Covid-19 BI claims in 2020 was £175m, net of reinsurance.
Mike Bruce lifts lid on GRP’s Marsh Networks deal
Bruce discusses growth plans for the networks business, what members will see differently following the acquisition and how GRP plans to add some “extra oomph” to the proposition.
Aston Lark reveals two fresh deals
The acquisitions will add £50m in annual premium income to Aston Lark, which says it is now set to become one of the biggest private medical insurance brokers in the UK.
LV confirms 300 redundancies following L&G takeover
CEO Steve Treloar explains the consultation process is now complete after the provider last year put up to 600 roles from across LV and L&G at risk as part of a restructure.
Allianz nears £4bn in GWP
Provider says total impact of Covid-19 BI claims in 2020 was £175m and details it has to date paid 78% of valid SME claims.
Rock develops underwriting agency to target brokers
Tigon focuses on travel and Covid-19 cancellation cover as Rock seeks to diversify.
"Bold move" for GRP as it buys Marsh's UK Networks business
The takeover, which includes Marsh ProBroker, Bluefin Network and Purple Partnership, will see David Hopwood continue to lead the combined networks business as part of the GRP executive team, as group CEO Mike Bruce promises there will be no redundancies.
MD for Arch Managing Agency revealed
Louis Tucker takes on the role with immediate effect, moving across from parent company Arch Insurance International.
BLW boss Brett Sainty joins Biba advisory board
Sainty joins the International and Wholesale Brokers’ Advisory Board, which provides advice and counsel on matters affecting international and wholesale market brokers and acts as a sounding board to the main Biba board.
FCA and insurers disagree on how to interpret Supreme Court BI ruling
Regulator says Supreme Court decision gives insurers the clarity they need to conclude their claims processes with most of their BI customers but a few issues still remain as parties make written submissions to the Supreme Court.