Broker
Bennett Christmas buys Sennet Insurance Services
Bennett Christmas is part of the Ethos broker stable and adds the professional indemnity specialist to its portfolio.
WTW and Aon address five lawsuits amid deal transaction
The two broking giants describe the legal actions as “without merit”.
Biba develops mental health service
Head Lines: The trade body has teamed up with Mental Health in Business to offer the facility to members
Blanc to focus on UK, Ireland and Canada to intensify Aviva growth
The CEO said that as part of this there may be some market withdrawals and “difficult” decisions as she reaffirms Aviva’s commitment to brokers as UK COR soars amid Covid-19.
UK Broker Awards – Meet the Shortlist – Customer Service Award
Meet the impressive brokers who make up the shortlist in one of the most competitive categories at the UK Broker Awards.
PIB buys Rigton Insurance
Acquisition of Leeds-based broker follows hot on the heels of deals for UKinsuranceNET and Marx Re-Insurance Brokers
Hastings bought by Finnish/South African consortium
The deal values Hastings at around £1.66bn as the provider also publishes half year results.
UK Broker Awards – Meet the Shortlist – Training Award
Meet all of the finalists competing for the Training trophy at the UK Broker Awards.
GRP buys seven business books from Aon
The deal includes a large portfolio in Northern Ireland.
AA confirms offer talks amid refinancing
The group is meeting with Centerbridge Partners Europe, LLP alongside Towerbrook Capital Partners UK, Platinum Equity Advisors and Warburg Pincus International as it flags £2.65bn of debt.
People Moves: Round-up 3 - 7 August 2020
Keep up to date with the latest people moves.
UK Broker Awards – Meet the Shortlist – Broker of the Year
Broker of the year goes to the best of the best and this year is sponsored by Markerstudy.
Aston Lark buys PHM
The deal adds around £4m in GWP and sees Aston Lark push further into employee benefits.
Lloyd's commits to female representation target
Market also launches Culture Dashboard and is set to undertake a second annual survey in October following heavy criticism of its culture in 2019.
BI court case judges aiming for draft judgment in mid-September
Lord Justice Flaux has confirmed the middle of September as the target date for a draft judgment in the business interruption court case brought by the Financial Conduct Authority against UK insurers.
Pen increases solicitors’ PI capacity to more than £100m
The backing comes from A-rated capacity and lasts for three years.
Lloyd’s Dive In festival opens registration
The diversity event is taking place virtually this year and has speakers including the first British astronaut Helen Sharman and BBC presenter Naga Munchetty.
Finnish provider in cash offer talks with Hastings
Sampo Oyj has approached the business along with Rand Merchant Investment Holdings.
QC accuses FCA of failure to show causal connection between government action and the disturbance to the insured businesses
Insurers argued the Financial Conduct Authority is “unable to demonstrate” any meaningful connection between the action taken by the UK government on a national basis in response to Covid-19 pandemic and the locality of firms’ premises, as the court…
FCA reveals vulnerable customer guidelines
Insurance Cares: The watchdog has called on financial services firms to do more to ensure vulnerable customers receive positive outcomes as it consults on guidance.
Unprecedented challenge for broker PI as prices double and exclusions threaten non-compliance
News analysis: Experts question legality of Covid-19 exclusions in brokers' PI policies and warn of trouble with doubling of premiums, providers reducing capacity, as compliance specialists call on the FCA to make it clear whether Covid-19 exclusions are…
Marsh Commercial offers cashback to former personal lines customers
Exclusive: The broker has handed back cash following an internal review and admits some clients were not offered the most competitive terms between 2012 and 2018.
MGAs failing to deliver on data
Survey by the MGAA and Aventus shows fewer than a third provide brokers with customer data for account-based marketing and cross-selling.
Covid-19: FCA seeks to extend measures to help insurance customers who are struggling financially
The regulator wants the measures, which require firms to consider premium reductions and payment deferrals, to be extended to 31 October.