Broker
People Moves: 29 November - 3 December 2021
Keep up to date with the latest industry moves.
Clear Group buys H R Jennings & Co
The South Croydon-based broker was established in 1922 and specialises in aviation and small craft insurance.
Blog: Is the industry falling in love with GAP insurance again?
Avid's Steve Duxbury discusses how the market for GAP insurance has changed since the FCA's 2015 thematic review and argues that it is set for accelerated growth.
LexisNexis launches data enrichment product
Commercial PreQuote is available through Acturis and is said to enable brokers to validate customer data prior to quote.
CFC develops ransomware cost calculator
The tool can help businesses to understand the financial risk of a cyber attack.
Specialist property insurance and debt advisory broker launches
Co-founders Jack Bristow, Johnny Leadsom and James Mole say they aim to make it quicker and more effective for property developers to get both the insurance and finance that they need.
FCA reforms decision-making to tackle consumer harm
The “sensible streamlining” changes are designed to improve the speed and allow FCA senior managers to start civil and crimimal proceedings, cancel permissions and address individual authorisation.
Policy Expert announces fresh leadership
Founder Tony Deacon is to retire as Sanchit Suri steps into the CEO role.
Ardonagh reshuffles senior team
Jaime Swindle joins Geo Underwriting while Scott Bennett takes on the MD position at Bravo Networks.
Gibraltar regulator denies accusations from MCE
MCE criticised the regulator earlier this week after its Gibraltar-based insurance arm went into run-off.
AbbeyAutoline strives for growth in commercial
Jackie Elliott talks to Insurance Age about her new role as commercial director and gives insight into the state of the market and the company’s plans for the future.
Video Q&A: Hiscox's Andrew Cheney on underinsurance in HNW
Andrew Cheney talks to Insurance Age about the dangers of underinsurance in the HNW property arena and what brokers can do to help.
MCE slams Gibraltar regulator after insurer arm goes into run-off
MCE condemns GFSC for applying capital add-ons on its Gibraltar-based insurance company, which went into run-off on 5 November.
GRP’s Alan & Thomas buys Aquilla
Alan & Thomas is the southern hub business for Global Risk Partners.
Aviva urges brokers to take "holistic approach" to risks
Its latest risk report shows businesses are facing a "complex web" of interconnected risks.
People Moves: 22-26 November 2021
Stay up to date with the latest insurance industry moves.
Open GI partners with Percayso Inform on data product
Brokers will be able to access the service through Open GI’s motor and commercial vehicle platforms from 2022.
Gallagher/Willis Re deal gets green light from competition watchdog
The CMA launched a merger inquiry into the $3.25bn takeover in October.
Ardonagh reports growth in income in Q3 2021 update
Consolidator says it completed £125m of investment in Q3 including its purchase of Usay Group in the UK, as it reports significant reduction in loss for the first nine months of the year.
FSCS confirms MCE Insurance Company has failed
The Gibraltar-based business went into run-off on 5 November, citing difficulties with Solvency II, while the UK-headquartered division of the company has signed a fresh capacity deal with Sabre.
Aventus develops digital underwriting platform
The offering adds to is distribution and customer management proposition and is designed for brokers and MGAs.
MCE cites Solvency II as reason for run-off of Gibraltar-based insurance arm
MCE boss Julian Edwards says Solvency II favours larger insurers as he discusses the broker's capacity deal with Sabre.
Marsh overhauls management team
The changes will see former JLT boss Dominic Burke retire from his vice chair position.
Ex Be Wiser boss Mark Bower-Dyke launches consultancy firm
Bower-Dyke tells Insurance Age about his plans for the new venture and discusses why he believes there was a gap in the market for quality advice.