Broker
Romero and Qlaims partner on commercial property support
Broker can now offer claims support and loss recovery insurance to commercial property clients.
Claims inflation continues to bite at Hastings
Trading update reveals provider has restated its operating profit from £125m to £110m – a drop of 12%.
The Blog Spot: Kicking things off
Editor, Siân Barton, considers how the insurance space has launched into 2020 and looks back to a thread from 2019 that should be picked up again this year.
Vizion establishes health and fine art divisions
Matthew Howells and Peter Bownes-Johnson join the broker as partners.
FSCS hikes broker levy up by £11m for 2020/21
Organisation says indicative levy for general insurance distribution is £23m and publishes Plan and Budget for the next financial year as total levy goes up by £87m.
Jon Hancock to exit Lloyd's
Hancock is set to step down in 2020 after three years at the insurance market.
MCL restructures Irish operation amid Brexit uncertainty
Motor broker MCL relocates and registers Irish operation to Swords, Dublin to enable it to continue trading as normal following UK’s EU exit.
Juliet Williams joins Biba
Williams, previously group SME director at Circle Insurance Services, will take on area manager role at the broker trade body.
Former FCA insider develops compliance platform for brokers
Industry veteran Michael Sicsic partners with Governor Software to help brokers and insurers digitalise key compliance processes in a changing regulatory environment.
Banks-owned Somerset Bridge to sell Business Choice Direct
Group had held a 51% stake in Business Choice Direct since it was spun out in 2016.
Bruce Stevenson commits to independence amid M&A interest
CEO Edward Bruce said consolidator interest in the Scottish broker was increasing as it posted ‘record’ turnover for 2019.
Capsicum Re targets further growth following Gallagher takeover deal
Gallagher's UK boss Simon Matson addressed last year's "unfortunate" Gallagher v Ardonagh court case for the first time as he discussed the broker's full acquisition of Capsicum Re alongside CEO Rupert Swallow.
Alan Boswell takes on Marsh Commercial staff
Seven members of staff have joined the Laceby branch from the recently closed Grimsby office.
Gallagher completes 100% Capsicum Re ownership deal
Business was founded in 2013 by Grahame Chilton and Rupert Swallow through a strategic partnership with Gallagher.
Bruce Stevenson posts ‘record’ turnover for 2019
Broker credited growth to renewable energy, social housing, and food and drink.
GRP buys Birrell Group to create Midlands hub
Broker becomes GRP's eighth major hub and will retain its brand, with all staff remaining with the business.
The Insurance Age Podcast: 10 January 2020
Laurence Eastham and Siân Barton consider the top stories from the first full week back in the office in 2020, focusing on Gefion and the recent spate of run-off announcements.
Brokers predict more marine exits after Beazley run-off
Marine specialists expect to find replacement cover in the short-term, but predict that more market hardening is on the way.
Blog: What happens next in the PI market?
MUM's Sachin Gupta predicts a rocky road for professional indemnity insurance.
Beazley places UK regional marine book in run-off
Decision could result in a small number of redundancies as the insurer pointed to pressure and low margins in the sector.
BHIB launches new insurance broker
Create Insurance provides cover for freelancers, with GI policies underwritten by Hiscox.
Lifesure moves into commercial with fresh broker launch
Barnes Commercial Insurance Broker has been set up by the firm as a separate business to focus on medium-sized SMEs and professions.
SSP adds Policyfast to e-trading platform
Provider specialises in insurance for food and hospitality businesses.
Blog: Is climate change insurable?
Ben Davis of Digital Risks examines how insurers and brokers can survive in the ‘new normal’ of significant and frequent climate-related losses.