Commercial
Review of the year: April 2017
As we swung into Spring Swinton, FCA probes and warnings, and Towergate were all most read in the month of April.
Broker Network buys Thompson & Richardson
Deal builds on its strategy to create regional powerhouses.
Former LV man leaves to set up Birmingham MGA
Mark Hands, former head of trading (North) at the insurer has set up Mercia Underwriting which is due to begin trading on 1 January with capacity arranged through Lloyd’s by Circle Insurance Services.
David Bruce leaves Ardonagh Group
Paul Webley to step up to lead on commercial underwriting business.
Sedgwick buys Cunningham Lindsey
Brokers promised it will be business as usual.
Covéa refreshes commercial vehicle product
The insurer said the changes were targeted to attract ‘white van man’ and would be offered to an increased number of brokers.
Broking break: Your Top Five
This week's most read stories include FCA spending, Coversure's results, the Marsh rebrand of Bluefin and an Open GI deal with Brightside.
Phil Barton – the Jelf and Bluefin rebrand Q&A
The Jelf CEO tackles rebranding offices, the potential for closures, client communication and why it chose Jelf over Bluefin for its name.
Coversure reveals 7.9% rise in turnover for year to March 2017
Group CEO Bob Darling pleased with results as profits and GWP also increase.
MGA launches wholesale cyber cover via SchemeServe
Specialist provider Cyber Assist will wholesale cyber cover on the SchemeServe online platform.
Open GI ties up with Brightside on commercial lines
Technology company also reveals new deals with Fresh and Right Choice.
Broking Break: Your Top 5
Ardonagh’s results have once more piqued the interest of brokers as did a court case, an investment in an aggregator, underinsurance and motor profitability.
Clearbroking launches haulier’s liability product
It has teamed up with R&Q and Lloyd’s to offer the product to the broker market.
Allianz rolls out new data initiative targeting underinsurance in SMEs
Provider says new data base notifies brokers if clients are at risk of being significantly underinsured.
UK commercial rates declining according to Marsh analysis
The rate fell by 2.7% in the third quarter of 2017 according to the Global Insurance Market Index.
Whitepaper: Brexit fallout to HSE fines – the challenges facing the manufacturing sector
The second in a series of three whitepapers to accompany the Broker Apprentice online show.
Allianz launches e-trade mini fleet product
Product targets SMEs with fleets of up to 15 vehicles.
Adjusted Ebitda hits £79.1m for Ardonagh Group
CEO David Ross says results for the Towergate-owner were strong with positive income and Ebitda growth in the nine months to 30 September 2017.
Broking Break: Your Top 5
Brokers have delivered a double top spot to Amazon in this week’s top five most clicked on stories. Also on the list are a big name departure, an acquisition and insurer results.
Midas takes on Direct Group’s commercial business
Midas, part of Ardonagh Group, will take over Direct’s specialist business as it looks to grow GWP to £100m.
Cass-Stephens buys D Paxman
The Gloucester-based broker acquired the commercial intermediary for an undisclosed sum.
Allianz third quarter results hit by large losses
Insurer posts COR of 98.2% for first nine months of 2017.
Alan & Thomas buys Commercial and General Insurance Services
First deal for broker after being bought by GRP.
Whitepaper: From street food to seaside tourism
New report on the changing face of the hospitality sector.
