Commercial
Hazelton Mountford buys Michael Rollett & Co
Move comes as owner Michael Rollett retires.
Brightside shuts down MGA Kitsune
The decision puts 16 people at risk of redundancy from the organisation which launched in January 2019.
Gallagher shutters Dumfries office with three other locations under threat
Dumfries staff face redundancy as broker discusses future of Ayr, Fort William and Inverness bases as it seeks to move some locations to remote working.
Biba confirms virtual 2021 conference
The trade body said it was “impossible and unwise” to press ahead with an in person meeting for 2021 because of coronavirus.
Date set for Supreme Court BI battle
The case, brought by the FCA on behalf of policyholders, will be heard for four days from 16 November.
PIB's McManus lifts the lid on Erskine Murray lockdown deal
The CEO tells Insurance Age how the deal came about and discusses plans for the future and how the pandemic is slowing the buying process down.
MGAA seeking to “push accelerator” on membership
MD Mike Keating said the organisation will focus on its members developing broker relationships as the sector moves through a hard market.
Hiscox reports Q3 growth despite Covid BI case
The insurer saw GWP grow as its retail business reported an uptick in all five of its business units.
Geo Underwriting expands into marine and leisure with deal
Ardonagh's MGA arm buys £8.5m GWP book of business from KGM.
Erskine Murray joins PIB stable
All employees of the Leicester-headquartered broker will remain with the business following completion of PIB’s largest deal to date.
SMEs cut back on insurance spend amid Covid-19 financial struggles
Research from Premium Credit shows over half of SMEs have stopped paying for covers including employers' liability and professional indemnity as well as business interruption.
Blog: The care sector conundrum
The market is divided on the challenge of supporting the care sector in the face of Covid-19, says Markel’s Nic Brown.
PIB makes 32nd deal
PIB Group has bought London-based real-estate insurance specialists, Arlington Insurance Services for an undisclosed sum.
Premiums collected will not cover insurable Covid losses - report
An insurance think tank has suggested that insurers would need to collect BI premiums for 150 years to make up for predicted global losses.
Video: Why commercial brokers are exploring premium finance
Close Brothers Premium Finance MD, Paul Trail, tells Insurance Age why commercial brokers are increasingly interested in offering different payment options to their clients.
Aston Lark buys Birmingham broker
Group CEO Peter Blanc says the business has a number of more deals in diligence after seeing an uptick in enquiries as a result of the pandemic.
Marsh Commercial in director’s chair for £500m film and TV kick-start scheme
Marsh Commercial will help firms in the government Film and TV Production Restart Scheme find Covid-19 related insurance.
Advisory forum created to help small businesses recover post pandemic
Seven industry figures have joined the forum which was launched by Peach Pi to collaborate on improving relationships with consumers and within the industry.
Direct Insurance and Amicus agree settlement out of court
Amicus denied accusations of breach of contract and client poaching after DIG filed legal proceedings against the broker and an employee in July.
BI dispute: RSA won't appeal on Resilience and two Eaton Gate wordings
The insurer is not challenging the judgement on three wordings as the coronavirus business interruption proceedings head to the Supreme Court.
Property investor files separate legal proceedings against Axa as Lockton case continues
Aubrey Weis, who has also accused Lockton of fraud in a related court case, claims the provider owes over £1.6m in damages following a property claim.
Lockton denies fraud allegations in ongoing legal dispute
Broker admits former employee forged an email from Axa along with settlement offers for a claim, but claims the business was misled and that these actions did not result in any losses for the customer.
GRP’s Marshall Wooldridge buys Yorkshire broker
Messrs R F Broadley is based in Masham and specialises in agriculture.
ERS appoints AIG's Peter Bilsby as group CEO
Current boss Ian Parker is set to exit from the provider, which also announces the hire of a new group CFO and its plan to expand into specialist commercial insurance lines.