Articles by Ida Axling
Government seeks views on changes to Flood Re
The proposals include giving Flood Re the ability to offer discounted premiums to households that have fitted flood resilience measures to their property.
News analysis: Brokers warn of confused clients and damaged reputations after BI test case judgment
Industry reacts to Supreme Court’s decision to dismiss insurers’ appeals in FCA BI test case
Complete Cover Group reveals return to profit in 2019
The broker's turnover fell but adjusted Ebitda grew in 2019 according to its latest set of financial results, as the business also comments on its sale to Ormiston Holdco in early 2020.
Gallagher posts rising brokerage revenues for 2020
Europe, Middle East and Asia CEO Simon Matson says the UK business achieved organic growth of 5% in 2020.
Markerstudy "keen to get back on the acquisition drug" after £200m investment
Group underwriting director Gary Humphreys says funding agreement led by Pollen Street Capital restructures the MGA's debt and opens the business up for making further deals.
Howden to buy in the UK as it confirms £500m war chest
CEO David Howden hopes A-Plan will help attract UK brokers who do not want to join the "traditional aggregators" as it explores deals of all sizes.
Markerstudy in £200m investment deal led by Pollen Street Capital
QIC is also set to participate in the transaction, as Markerstudy says it plans to grow organically and through acquisitions.
Howden reveals organic growth of 6% and rising revenues
The broking group says it has facilities of over £300m to support growth and acquisitions, as it looks to make more deals in the retail space and to grow its MGA arm, Dual.
GRP-owned Premier Choice Healthcare makes first deal
PCH, which was bought by GRP last June, says it is committed to expanding the consolidator's healthcare operation.
FCA orders insurers to pay claims swiftly following Supreme Court ruling
In a letter to insurers, FCA executive director Sheldon Mills, urges firms to reassess and settle valid BI claims.
Aviva’s Patrick Tiernan moves to Lloyd’s
Tiernan will take up the newly created role of chief of markets.
Aviva confirms office closures amid restructure
The provider says it will retain presence in all cities and towns where it currently has offices and notes the move will not result in any redundancies.
Biba reveals measures to help brokers in light of Supreme Court judgment
Trade body to issue package of guidance and host a webinar to help members "manage some difficult conversations" after brokers are inundated with calls from clients hoping to claim.
BI test case: Brokers buried under avalanche as clients clamour to claim
Brokers say national press coverage has led to confusion and a massive increase in client calls as they await communication from insurers on how to proceed.
RSA shareholders say yes to £7.2bn takeover
Canadian provider Intact and Danish insurer Tryg made a cash offer for RSA in November 2020.
US giant, AssuredPartners, plans to double UK turnover as it hits M&A trail
David Heathfield, CEO of the US-based broker’s UK arm, discusses its recent deal to buy Borland Insurance and reveals ambitious UK growth plans.
Analysis: Gaps in the market
Where does Gallagher’s buy of Bollington Wilson leave the independent broker space?
Test case insurers promise action after Supreme Court defeat
Providers pledge to review claims and contact customers after the Supreme Court sided with the FCA and policyholders in the final verdict over payment of BI claims arising from Covid-19.
Supreme Court rejects insurers' appeals in BI test case judgment
The court also concluded that the Orient Express case, which insurers relied on during the hearing, was wrongly decided and should be overruled.
US-firm AssuredPartners buys Borland Insurance as it grows UK footprint
Borland is headquartered in Scotland and the deal follows AssuredPartners' purchase of Birmingham-based Hettle Andrews & Associates in 2019.
Inflexion plans to build another "powerhouse" UK broker after Bollington sale
Partner Carl Wormald tells Insurance Age he is keen to build up another UK regional broker following the private equity provider's sale of Bollington Wilson to Gallagher.
Bollington deal to “supercharge” Gallagher’s presence in the North West
UK Retail boss Michael Rea discusses the thinking behind Gallagher’s deal to buy Bollington and confirms it is looking to make further acquisitions.
Finch buys Compass member Headley Group
Headley brings over £13m in GWP to the Ethos-owned broker.
Hardening market behind New Dawn Risk's UK move
CEO Max Carter and head of UK Broking Tom Malcolm discuss the Lloyd's broker's new venture and why they hope to partner with regional brokers.