Broker
Pen Underwriting reveals £1bn GWP target
Exclusive: The Gallagher-owned MGA sets out its new strategy as it unveils plans to grow by acquisition and expand into new product areas.
Profile: Partners&'s Phil Barton and Stuart Reid
The broker connection: They have been broking rivals, and led the original consolidator boom, now the launch of Partners& sees Phil Barton and Stuart Reid combining forces for the first time. The industry stalwarts explain what brought them together and…
In-depth - schemes: Bouncing back
The coronavirus crisis has changed ways of working and devastated important lines of schemes business but, as David Worsfold finds out, the lockdown and subsequent lifting of restrictions could open up several new areas for schemes brokers to expand into
FSCS "standing ready" to deal with customer impact from Gefion
COO Jimmy Barber discusses Gefion's solvent run-off, previous insurer failures including Alpha and Enterprise, and why he believes brokers are integral to the Scheme.
Newbie news: Opening opportunities
Founder and director of True Broking Chris Boothman explains the challenges he faced setting up during the coronavirus crisis
CMA launches investigation into Ardonagh's Bennetts deal
The government body is seeking comments on the deal in order to decide whether it "may be expected to result in a substantial lessening of competition" in the market.
Insurance Age Digital Edition: July - Hitting restart?
The July issue of Insurance Age is available via digital platforms only due to Covid-19.
People Moves Round-up: 29 June - 3 July 2020
Keep up to date with the latest people moves.
Cullum-backed Ataraxia launches broker network
MD Adam Boakes says model will help brokers increase their income as well as provide them with a guaranteed investor in their business once they're looking to exit.
Jensten Group makes lockdown buy with Senior Wright deal
The moves adds £20m in GWP to the Jensten Group portfolio.
Lloyd's proposes solutions for non-damage BI cover
The insurance market has revealed a number of frameworks to help tackle the coronavirus crisis as well as future systemic catastrophes.
Miles Smith-owner SRG buys Insolvency Risk Services
The company purchased the administration specialist from MS Amlin as SRG teases further strategic partnerships.
News analysis: What will the ‘new normal’ look like?
The coronavirus crisis has had a profound effect on the way people work. Insurance Age finds out how brokers think the insurance industry will operate once the lockdown has ended
Aon to repay 20% pay cuts
Broker backtracks after 70% of employees were forced to take reductions in pay due to the coronavirus crisis.
GRP moves into health insurance sector with new deal
Towcester-based broker Premier Choice Healthcare becomes consolidator's healthcare hub.
Insurance Covid-Cast: What next for Managing General Agents?
In the 30th episode of Post and Insurance Age’s video series we gathered together an expert panel to discuss what the future holds for managing general agents.
Car premiums fall in Q2 amid Covid-19 lockdown
Consumer Intelligence says average motor premiums fell by 1.4% in the last three months, most likely as a result of fewer people driving during the pandemic.
MGAA names ex-One Commercial boss Mike Keating as new MD
Keating will take over from outgoing MD Peter Staddon in September.
Insurers accused of ‘dragging feet’ as extra FCA BI September trial dates mooted
The eight insurers involved in the case are still on the hunt for their own expert evidence as a second trial in September is looking increasingly likely.
FCA BI test case ‘clear and present danger’ to brokers
Experts warn that brokers could find themselves under fire as insurers lean in intermediaries in defences.
Action Groups get go-ahead to intervene in FCA BI test case
Groups formed against Hiscox and QBE will “closely liaise” with the FCA but are not permitted to increase the scope of the test case.
Ardonagh moves forward with refinancing
The $500m ‘payment-in-kind’ toggle notes have been priced as the business progresses with £1.9bn refinancing which includes a $300m war chest.
Marsh reveals sport, entertainment and media industry group
Group launched in response to Covid-19 impact on SEM sector and will be led by Richard Tolley, deputy leader, global sports and events.
Marsh bites back as RSA alleges it is on the hook for wording in FCA BI test case
Marsh has disputed RSA allegations its clients should be liable for brokered policy contract issues in the Financial Conduct Authority’s business interruption test case, as brokers were dragged into the ongoing proceedings.