Broker
Pressure groups’ fury at Supreme Court BI appeals
Eight parties in the FCA business interruption court case have been allowed to leapfrog appeals to the Supreme Court as QIC Europe is denied right to join the test case and Ecclesiastical withdraws.
Profile: Friend or foe? We meet Mactavish CEO Bruce Hepburn
Many in the insurance sector will have strong, and not necessarily favourable, opinions of Bruce Hepburn, but the outspoken Mactavish CEO tells Martin Friel that the consultant’s criticisms of brokers could lead to a fairer and more profitable industry
Brokers on alert as FCA puts client money under the microscope
In a fresh dear CEO letter to brokers, interim CEO Christopher Woolard warns that the regulator is assessing firms’ arrangements and tells brokers it is imperative to safeguard the client money they hold for customers.
Ardonagh buys Lloyd Latchford
Motor broker will be brought into the Atlanta Group, joining Autonet, Carole Nash and Swinton.
Blog: The digital path forward and planning for the new normal
Applied systems’ Andy Fairchild looks at how brokers can move forward in a world reshaped by Covid-19.
People Moves Round-up: 28 September - 2 October 2020
Keep up to date with the latest people moves.
Broker Littlenlarge bought by Verastar
The SME service provider, which also owns The Insurance Octopus, has purchased the commercial property specialist for an undisclosed sum.
News analysis: Judgment handed down in BI test case
Brokers react to business interruption case as insurers, policyholders and the FCA consider appeals
SEIB buys Colchester-based WRS Insurance Brokers
WRS specialises in the social welfare sector and provides cover for charities, churches and care and community groups.
HG invests in Howden-owner Hyperion
The deal places an enterprise value of $5bn on Hyperion and provides it with $1.5bn to acquire and invest in data and technology.
Zego partners with Bravo Group to offer fleet product to networks members
Compass and Broker Network members will now have access to the insurtech’s fleet products.
CMA forces Ardonagh to u-turn on £26m Bennetts buy
Ardonagh has proposed to reverse the deal and divest of the motor broker following the threat of an “expensive and burdensome” phase two competition probe.
Blog: How to access the European Market after Brexit as an MGA or broker
Nikolaus Suehr, of KASKO, and David Goodley, of City Compliance share advice on setting up in the EU as the risk of a no-deal Brexit draws closer.
Ardonagh reports adjusted Ebitda of £99.9m
The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.
Clear CEO reveals next steps after "brilliant" Brokerbility deal
Howard Lickens discusses plans for the Brokerbility Network following the transaction, which also increases Clear's regional presence, particularly in the Midlands.
Clear buys Brokerbility
The deal includes BHIB and brings Clear’s GWP up to £200m.
Dive-In: Focus on mental health amid Covid-19
Head Lines: Experts warned that the coronavirus pandemic has increased mental health problems for many.
Hiscox urged to start paying BI claims after test case judgment
The night life industry and broker NDML call on the provider to "accept that the time to pay has arrived" in open letter to Hiscox MD.
Aston Lark hires UK Retail MD
Warren Dickson will take up the newly created role next month.
Blog: Making data enrichment accessible for smaller brokers
Richard Tomlinson, MD of Percayso Inform, discusses how smaller brokers can approach data enrichment and analytics to achieve their objectives.
TowerBrook and Warburg Pincus team up to progress AA takeover talks
Centerbridge and Platinum Equity have pulled out of discussions "by mutual agreement" as AA continues to explore options including an equity raise.
Shuker and Howden lift lid on A-Plan deal
The sale of A-Plan to Howden is believed to be valued at up to £700m.
Brokers welcome FCA's crackdown on dual pricing
Experts predict the regulator's proposals to ban dual pricing will have "unintended consequences" and lead to reduced competition for new business, but agree the measures are a positive outcome for consumers.
Biba teams up with Flock on drone insurance scheme
Biba says the scheme, which is underwritten by A+ rated capacity, will allow its members to easily access cover for small businesses, global operators and large fleets.