Commercial
BP Marsh buys into property specialist MGA
Private equity house BP Marsh & Partners has revealed its second insurance investment in a month, taking a 27% stake in Cameron Specialty.
Insurers and MGAs line up to support brokers amid Applied Epic exit
Insurer and managing general agent leaders have committed to help brokers deal with the impact of Applied Systems cutting Epic from the UK market.
Brokers disappointed by Applied pulling Epic out of UK market
Insurance brokers have expressed sadness, disappointment and concerns about a hit to competition following Applied Systems withdrawing its Epic solution from the UK broker market.
Blog: Do real estate claims need a rethink?
As capacity comes back into the previously hard real estate market, Victoria Jewell, head of real estate at McLarens argues insurers, brokers and adjusters have an opportunity to work together to reintroduce some structure and reflect on lessons learned…
Underinsurance concerns remain high despite slight easing – Aviva research
Aviva’s latest Broker Barometer has revealed 68% of brokers believe clients may be underinsured which while still high has eased slightly.
CFC recruits Markel stalwart Line as next CUO
Specialist insurer CFC has announced that Nick Line will take over as chief underwriting officer in 2026, after 28 years at Markel where he has held the role of CUO since 2018.
SRG names ex-Lockton and Marsh boss Nimmo as first UK CEO
Specialist Risk Group has recruited Neil Nimmo as its first CEO – UK, effective immediately.
Ex rugby and NFL star to lead MGA’s UK and EU growth
Former NY Jets and Saracens player Hayden Smith has been promoted to regional CEO of MGA United Risk to oversee the expansion of its EU, UK and British Commonwealth business.
Folgate ups real estate risk appetite to £70m
Folgate Underwriting has increased its total sum insured per location to £70m for real estate and property risks.
Insurance United Against Dementia names Marsh UK CEO Lay as new chair
Insurance United Against Dementia has appointed Chris Lay, CEO of Marsh McLennan UK, as its new campaign chair.
Flood defence commitment welcomed amid calls for more sustained funding
Insurance industry leaders have welcomed the government’s commitment to flood defence investment in the Spending Review; but cautioned more needs to be done to protect UK homes and the economy.
Markel targets insurtechs with new launch
Markel Insurance has launched InsurtechRisk+ building on its existing offering for fintechs.
South Korean insurer ups stake to 40% in specialty underwriter
Samsung Fire & Marine Insurance has entered into an agreement to purchase an additional 21% equity stake in the Canopius Group, bringing its shareholding to 40%.
CEO calls for SMEs to be at ‘heart’ of growth plans ahead of Spending Review
The Chancellor’s Spending Review this afternoon will be a “defining moment” for Britain’s 5.5m small businesses, according to the boss of a top 20 insurance broker.
MGA aims to ‘mitigate underinsurance’ with Lloyd’s-backed product
Aurora, the specialist algorithmic managing general agent, has launched a new property owners’ insurance product.
RSA unveils new commercial MD as Bryson departs
RSA has appointed Tovah Grosscurth as commercial lines managing director with immediate effect, subject to regulatory approval.
Clear brings three Sheffield businesses under one roof
The Clear Group has relocated its three Sheffield businesses into one office at Meadowhall Business Park in the city.
Hiscox launches affirmative AI cover for tech businesses
Hiscox UK has updated its insurance for technology businesses to include affirmative cover for AI-related claims.
Aviva first to launch on Acturis Unify
Aviva is the first insurer to join Acturis’ artificial intelligence and data-driven placement strategy tool Unify.
ERS appoints new MD
Specialist motor insurer ERS has promoted Martin Hall to the new role of managing director, taking responsibility for the performance of Lloyd’s Syndicate 218.
Zurich FOIs reveal workplace theft declining
A total of 4,562 workers were caught stealing from their workplace in the last year, data released by Zurich UK has revealed.
Miller completes AHJ buy
Miller has completed the acquisition of AHJ Holdings, the ultimate parent company of Alwen Hough Johnson and AHJ Europe.
Freedom sells broking arm to top 100 broker to focus on MGA business
Niche motor specialist One Sure Insurance has acquired fellow Top 100 UK broker Freedom Brokers, Insurance Age can reveal.
Peach grows appetite in hairdressing scheme expansion with Starpeak
Peach has extended its backing for Starpeak’s hairdressing insurance offering to include property cover.