Commercial
Daulby Read reveals deal-making plans
MD Peter Goddard tells Insurance Age about the firm's mission to keep broking "at the heart of the community" and discusses its recent purchase of Townsends Insurance Brokers.
FCA counsel argues "insurers took the plunge" on disease clause
The Superme Court hearing of the business interruption test case continued for the third day as lawyers compared coronavirus to the Great Storm of 1987.
Catlin’s Convex adds $1bn to coffers
The move means the insurer has raised $2.7bn in the past 18 months.
Insurer QC accuses FCA of "hair splitting wordsmithery” as Supreme Court showdown continues
Insurers and the regulator set out their starkly differing views on the use of trends clauses on day two of the ongoing business interruption test case hearing at the Supreme Court.
RSA suitors agree cash offer
RSA board says it will recommend the £7.2bn deal to shareholders as Intact and Tryg take next step to buy and split the insurer.
Aston Lark buys two brokers from Risk Alliance Group
Risk Alliance in Bingley and Belfast-based Risk Alliance International bring a combined GWP of £12m to Aston Lark.
Insurers launch their appeals as FCA BI Supreme Court battle begins
The Supreme Court heard arguments from lawyers representing QBE, Argenta and MS Amlin on 16 November as insurers began their appeal of the September judgment handed down in the FCA’s business interruption test case.
Ageas reports 94.6% COR
The provider said Q3 numbers were “healthy” and reflected lower claims frequency and strong prior year releases.
Intact secures billions in funding as RSA sale talks forge ahead
If a firm offer is made Intact will buy RSA's Canadian and UK & International operations.
RSA launches FNOL commercial claims portal
Provider says new platform had been built in collaboration with brokers and designed to simplify the claim reporting process.
Arch unveils UK regional marine hull and machinery product
Offering was designed exclusively for fleets and single vessels operating throughout inland and coastal waters of the UK and Western Europe.
Generali develops PI for SMEs
The product is available to UK brokers and aimed at SMEs and the self-employed.
Rate hardening expected to speed up insurance sector recovery from pandemic recession
Swiss Re chief economist says the insurance industry is more resilient than expected, while the global economic outlook remains fragile.
Brokers hope "inevitable" RSA sale will inject new life into the "sleeping monolith"
Some brokers expect potential deal to re-energise RSA, while others criticise the provider's "poor performance" and predict an uncertain future for its UK operations.
Broker space still attractive to investors
Inflexion’s Peter Shaw tells Insurance Age why the sector is still a safe bet for private equity.
Willis Towers Watson sells Miller
Private equity firm Cinven and Singapore wealth fund GIC have bought the specialist broker for an undisclosed sum.
Top 100: Your exclusive guide to the commercial UK market
Our in-depth market analysis explores how brokers have fared over the past 12 months and ranks them according to GWP.
Blog: Managing cyber claims – opening the door on what goes on behind the scenes
CFC cyber claims manager Ashley Burdon discusses how cyber claims play out in real-time.
RSA talks value insurer at £7.2bn
Two potential bidders are circling and proposing to split the provider.
In-depth - hospitality: Glass half empty or half full?
The Covid-19 crisis, and subsequent national and local lockdowns, have hit the hospitality sector hard, but, as Sam Barrett reports, there are concerns for the future. However, there are reasons for optimism and a number of ways for brokers to help their…
RSA confirms sale talks
The insurer stated that Canadian Intact Financial Corporation and Nordic insurer Tryg had approached the business.
GRP Yorkshire hub Marshall Wooldridge buys again with RIB swoop
Marshall Wooldridge, the Yorkshire hub business for Global Risk Partners, has acquired its second broker within a month following a swoop for Rotherham-based RIB Group.
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.