Commercial
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.
A-Plan opens branch in Haywards Heath
The broker has said it plans to open four more branches in the next six months.
ERS gains approval for expansion into new business lines
The provider's Syndicate 1856 is moving into business classes including D&F property, marine and energy liability, political risk, terror and war, cargo and specie and professional lines, following $350m capital injection.
Biba extends PI contract with Griffiths & Armour
The broker will continue to deliver professional indemnity support to members for the next three years amid “challenging conditions”.
Broker Insights adds seven insurers and 150 brokers to platform
The insurtech startup also reported doubling its revenue and GWP in its second year of trading.
Partners& acquires Town and Country
The deal will see the broker build its presence in the South West and establish a regional hub.
Aston Lark Ireland continues expansion with fresh deal
Brady Burns & Associates, based in County Kildare, is the consolidator's third deal in Ireland this year.
Marsh’s Neil Poulton appointed MD at Sagars
Founder, John Meadows, has stepped back from his leadership role at the Global Risk Partners-owned broker.
Income up in acquisitive Q1 for Ardonagh
Group income has increased to £199.7m as the consolidator flags a mix of acquisitions and organic growth.
Square Pegs expands SME product range
The organisation has also become a standalone underwriting cell within Castel.
Howden acquires specialist medical and healthcare broker MPRS
MPRS provides accident and health, professional liability, medical malpractice, and commercial combined cover for general practice, private practice, and GP federations.
Covid-19 lockdowns push van premiums down 2% year-on-year
Data from Consumer Intelligence also shows that each time the UK has emerged from lockdown, prices have increased again.
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Video: Making sense of cyber
Aviva's Carolann Burrows outlines the risks arising in the cyber space and explains how insurers and brokers can help their clients.
Blog: Business continuity in a changing world
In Business Continuity Week, Ecclesiastical's Sarah Pearson, considers developing business resilience.
Biba 2021: Call for 'unified action' on PI problems
As the cost of PI soars, and insurers exit the market, Biba panellists call for brokers and insurers to collaborate to ensure customers get value.
Covid BI claims payments hit £701m
FCA figures show interim payments of £268.2m and final settlements of £433.1m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,912.
Biba 2021: Unintended consequences from silent cyber 'knee jerk' reaction
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.
Third deal in a week for Seventeen Group as it snaps up Cornwall-based broker
Latest move sees specialist marine broker Christopher Rowe join Seventeen Group's stable and follows its purchases of Ryan's and Pinner Risk Solutions.
Interview: Allianz's Simon McGinn on challenges and opportunities in a hard market
McGinn discusses exiting certain trades amid a hard market, changing broker wordings after the Supreme Court judgment in the FCA test case and what is next for Allianz in the UK.