Commercial
Interview: Howard Lickens and Mike Edgeley
Edgeley discusses taking the CEO spot at Clear Insurance following Lickens’ decision to step aside and focus on M&A.
Amicus completes MBO backed by Shawbrook Bank
Co-founder Adam Scott says the broker is now looking to grow both organically and via acquisitions.
US DoJ files lawsuit to block Aon/WTW merger
The two brokers have said they disagree with the move after the DoJ warns merger would “create a broking behemoth” and “threatens to eliminate competition, raise prices and reduce innovation”.
Aston Lark buys Premier Insurance Consultants
The Bolton broker is Aston Lark’s 15th deal this year.
Interview: Hedron Network CEO David Hopwood
Hopwood discusses GRP's takeover of Marsh Networks and what will be different for members after Marsh ProBroker, Bluefin Network and Purple Partnership became one single proposition.
Geo adds Arnott Marine book to portfolio
The transfer sees Steve Gordon join Geo Underwriting as product head while the Ardonagh-owned entity expands its marine proposition.
Hedron Network adds Markel UK to panel
The GRP-owned network says members will have full access to Markel UK’s product range including professional indemnity, care, charity and community groups, and cyber.
Peach Pi partners with Tapoly on freelancer cover
The MGAs have co-created cover for freelancers and micro-SMEs operating in the health and wellbeing sector.
Covid BI claims payments hit £765.8m
FCA figures show interim payments of £289.5m and final settlements of £467.2m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,152.
SMEs increasingly using credit to buy insurance
Research from Premium credit warns that Covid-19 and the increased cost of cover is pushing SMEs to use credit to buy cover as some cut down on insurance spend.
Polaris reports post-lockdown boost in SME insurance volumes
The organisation says the number of policies traded on its imarket solution reached a record high in March 2021, after volumes dropped in 2020 when businesses closed due to the pandemic.
Aston Lark Ireland seals fresh deal in Dublin
The Dublin-based broker, which specialises in both personal and commercial lines, is the consolidator’s fourth deal in Ireland this year.
CFC launches micro M&A liability product
CFC said micro M&A transaction liability is an untapped insurance market and a clear opportunity for brokers.
What fraud trends should brokers watch out for?
Insurance Age talks to the LV fraud team about the emerging fraud trends brokers need to be aware of.
Marsh regional director moves to Aston Lark
Robert Beere is set to join as director of Lloyd’s broker, Incepta, which was bought by Aston Lark last August.
GRP-owned Crotty buys Martin Insurance
Deal is Dublin-based Crotty's first since it became GRP's Irish hub business last year.
Simply Business adds RSA to panel
The broker will offer RSA and More Than products to SME customers.
Ghost broking remains "significant threat", warns Aviva
Provider says general insurance fraud escalated during the pandemic as it predicts recessionary factors caused by Covid-19 have "created the biggest fraud threat to customers in a generation".
Pandemic pushes SMEs to rely on credit to fund business insurance
Three out of four SME bosses who use credit to pay for insurance premiums have said that the impact of COVID-19 is the main reason for increased borrowing, Premium Credit finds.
Sustainable insurer Parhelion to launch with backing from Howden
The provider, which is targeting a $500m capital raise, says its ESG products will meet the risk financing needs of a greener economy.
Ethos Broking buys Drayton Insurance
The deal will see Ethos expand its footprint in the East Anglia region.
RSA takeover completes
Canadian insurer Intact reveals its plans for RSA's UK and International business as it makes its first move into the UK market.
High Court approves RSA sale
The £7.2bn takeover of RSA by Intact and Tryg was announced last year.
Government closes £10bn trade credit scheme and announces market review
The temporary measure was developed to respond to the Covid-19 pandemic as government also announces a review to ensure outcomes are good for consumers.