Commercial
Video: Cargo and Covid
NMU shares an expert view of how the cargo insurance space has been impacted by coronavirus.
Beazley launches cyber and breach response portal
The portal gives brokers access to a suite of information on cyber risk.
GRP-owned Birrell Group buys again
The broker, which trades as Kingsway, has purchased Home Counties Insurance Services, following on from its deal for Managed Risk Solutions earlier this week.
GRP-hub Birrell Group buys commercial broker
Birrell, which trades as Kingsway, became part of GRP in January this year.
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.
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.
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.
FCA prepares appeal after it fails to reach agreement with insurers in BI test case
Regulator says it will continue discussions with insurers and action groups to find a solution for the outstanding issues as soon as possible.
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.
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.
Howden acquires again to bolster position in PI market
Howden has reached agreement to acquire St Giles Legal & Professional Risks a professional indemnity insurance broker specialising in the UK solicitor sector.
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.
Axa XL pushes forward with building health monitor
Digital Risk Engineer uses Internet of Things devices to monitor and capture information about buildings.
Parametric insurtech FloodFlash targets bigger risks with new launch
Insurtech FloodFlash has launched a new iteration of its parametric commercial flood insurance designed to support risks and portfolios where the flood premium is between £20,000 and £1m annually.
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.
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.
Howden buys A-Plan to create £4bn GWP broker
Carl Shuker will continue to lead the personal lines specialist.
Beazley revises Covid-19 claims estimate up to $340m
This is up from April’s $170m prediction, however, the insurer said it did not expect the outcome of last week’s FCA business interruption judgment to have a material impact.
Brokers believe BI dispute is "far from over" after test case judgment
Experts discuss next steps for brokers, industry reputation and expectations from clients after the High Court delivered an outcome that differed across the policy wordings under scrutiny.
Test case insurers respond to High Court BI judgment
Some providers involved in the business interruption test case are considering an appeal, while others welcome the result.
Biba urges industry to be mindful of its reputation after BI judgment
Broker trade body says it hopes the industry can move on following the High Court's decision yesterday and that any appeal will be “sorted out quickly” for the sake of policyholders.
BI ruling welcome news for policyholders but result differs by wordings
Disease and ‘hybrid’ wording policyholders are particularly well placed to seek compensation after the landmark High Court judgment today in the FCA's BI test case and those with prevention of access wordings may also find they have cover, law firm…