Articles by Insurance Age staff
Capacity to dominate PI market trends in 2025 as report outlines rate decline
Professional indemnity rates have fallen at a speed that has surprised many, according to the fourth edition of the UK PI Market report from law firm, Clyde & Co.
Review of the Year 2024: iprism’s Ian Lloyd
Ian Lloyd, CEO of iprism, reflects on integrating the MGA’s first acquisition, the over-use of the term AI and how he might shake the curse of ‘dad dancing’ by appearing on Strictly Come Dancing.
CFC unveils new product aimed at mid-to-large tech companies
Specialist insurance provider CFC has launched what it describes as a “comprehensive insurance solution” for mid-size to multinational tech companies.
PE-backed US consolidator buys London-based MGA
Landmark Underwriting has been acquired by Bishop Street Underwriters, a US-based MGA consolidator and incubator backed by RedBird Capital Partners.
Government to consult on leasehold commission ban “very shortly”
The Government has revealed it plans to consult on a proposed ban on leasehold insurance commission next year.
Allianz Commercial UK boss Côté departs to join RSA in new CEO role
Allianz Commercial managing director UK Nadia Côté has left the insurer to join RSA as CEO Europe.
Ex-BGL CEO Thompson takes over as Open GI chair
Open GI has appointed former BGL CEO Peter Thompson as its chair, effective immediately.
RSA claims PI first with product aimed at climate professionals
RSA has today launched a professional indemnity product aimed at climate professionals.
RSA specialty lines MD Watson departs, with PL boss Cope stepping up
Steve Watson, managing director of UK specialty lines at RSA has left the insurer.
Allianz recruits from Hiscox for new mid-market boss
Allianz Commercial has appointed Rob Carslake as its new head of London region for mid-market.
MD Beales retirement leads to string of senior hires at legal expenses insurer
Drive Further Collective, owners of Financial & Legal, has restructured several of its leadership roles following the decision by managing director Karen Beales to retire from her executive position and move to a non-executive capacity at the end of…
Russell Scanlan relocates headquarters
Russell Scanlan has relocated from its long-term home at Wellington Circus to Grove House in West Bridgford.
SRG adds Essex-based business as latest buy
Specialist Risk Group has acquired Essex-based One Claim Limited.
DLG to cut 550 jobs as it targets £100m of savings
Direct Line Group has started consultations with staff as part of a proposed reduction of about 550 roles, it announced today.
Video Q&A: Hiscox head of private art and private clients Robert Read
Following the High Net Worth Forum, which was held on the 7th November in London, Insurance Age content director Jonathan Swift caught up with sponsor Hiscox’s head of art and private clients Robert Read, to discuss the state of the market.
PIB enters France with 100th deal
PIB Group has entered the French market buying medical malpractice insurance business BEA Group and its subsidiaries, amid speculation about its own future.
SRG builds out MGA arm MX with fourth buy of 2024
Specialist Risk Group has announced the acquisition of reinsurance firm NW Re.
Wholesaler seals second capacity deal in a month
Addept Insurance Services has sealed a capacity deal with The Salvation Army General Insurance Corporation for the firm’s new dedicated tenant pet damage protection insurance for landlords, called Not for Lions.
Aon acquires top 40 UK broker Griffiths & Armour
Aon has announced the signing of a definitive agreement to acquire top 40 insurance broker Griffiths & Armour.
Aviva and Allianz rumoured to be weighing up Esure bids
Both Aviva and Allianz are among potential bidders should Esure be put up for sale by its owners Bain Capital, according to a report by Bloomberg.
Insurance industry voices fears over NI and minimum wage hikes on SMEs as it responds to Budget
A host of insurance figures have expressed concern that Chancellor Rachel Reeves' Budget announcement today will mean SMEs could cut back on staff and business investment, as well as commercial cover putting them at greater risk of underinsurance.
SRG acquires bloodstock and livestock specialist
Specialist Risk Group has acquired Stonehatch, a specialist bloodstock and livestock insurance broker.
Coalition adds another insurer to its UK capacity panel
Cyber specialist insurer Coalition has announced that US insurer The Hartford has joined its panel of UK capacity providers.
Start-up broker Native aims to tackle digital asset underinsurance after £2m seed raise
A new London-based specialist digital assets insurance broker called Native has launched today.