Insight
FCA ready to swoop on ‘outliers’ amid concerns on cyber insurance
The Financial Conduct Authority has warned the cyber insurance market over its concerns on policy wordings.
SRG reveals Hamilton Leigh cost as turnover grows 21% in 2022
Specialist Risk Investments’ bill for buying motor trade specialist Hamilton Leigh in 2022 totalled £11.52m, according to a filing at Companies House.
Ripe Thinking notches up first buy with boat insurance specialist
Insurtech broker Ripe has completed its first acquisition by snapping up specialist boat insurance provider, Craftinsure.
Blog: Market challenges make it the ideal time for brokers to digitise
Far from being a risk, digitisation is the best protection brokers can invest in to reduce the impact of market uncertainty. And Risto Rossar, CEO and founder of Insly, argues the timing could not be better given ongoing challenges from recruitment to…
PIB targets underwriting and schemes growth with cross-divisional CEO
PIB Group has appointed Charles Burgess as CEO for underwriting and schemes.
FCA hammers GAP insurance as it issues general warning on high commission levels
The Financial Conduct Authority has written to insurers, calling on them to take action, as it released the latest set of fair value data and again brought the spotlight onto the issue of high commission levels.
Brown & Brown Europe to buy Occam Underwriting
Brown & Brown Europe, recently rebranded from Global Risk Partners, has signed up to buy 100% of space and terrorism specialist managing general agent Occam Underwriting.
Majority of brokers using AI on a daily basis – RSA survey
Four in five brokers are already using artificial intelligence on a daily basis – and almost half see the potential benefits, but are also aware of the challenges it poses.
Hiscox targets brokers in brand campaign
Hiscox has unveiled a nationwide brand campaign including broker-focused bespoke content for local markets.
My Perfect Broker Week: Stubben Edge’s Andrew Waring
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Andrew Waring, director of intermediary at Stubben Edge shares his thoughts.
As UK M&A targets dwindle could team hires offer consolidators a new path to growth?
An ongoing feature of the London market, there are signs team lifts and hires might soon be on the rise in the UK retail space too, writes Saxon East.
Brokers urged to educate customers looking to save costs on insurance
Brokers should educate customers keen to cut back on premium spend as to the risky consequences they could face, according to Guy Penn trading director Mark Whiteman.
Headline makers – September 2023
The hottest stories from 1 to 31 August.
Cardiff City settles with Miller in legal action over footballer’s plane crash death
Cardiff City has settled with Miller Insurance Services after suing the broker for £10m following the plane crash death of striker Emiliano Sala.
Markerstudy deal will deliver steroid like boost to Atlanta, says Donaldson
Ian Donaldson, Ardonagh Retail CEO and inbound Markerstudy Retail CEO, has hailed the proposed merger as being able to boost growth, product footprint and acquisitions but declined to be drawn on any interest in RSA’s personal lines business.
With Atlanta sold, what will Ardonagh do with the funds it pockets?
Jonathan Swift looks at Ardonagh’s recent growth, and suspects that a larger percentage of the £820m windfall from the Atlanta sale is going to be spent overseas rather than at home.
The stats: Q2 2023 sees fleet rates begin upward climb
The latest Acturis stats reveal that the previously stagnant fleet sector has turned a corner as insurers hike premiums to cope with claims inflation, reports Rachel Gordon.
Greenwood Moreland lands biggest deal since JMG Group-backed MBO
Greenwood Moreland has added to its presence in Scotland with the purchase of Glasgow-based Calcluth & Sangster Insurance Brokers.
My Perfect Broker Week: Atlanta Group’s Leon Carford
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Atlanta Group’s head of risk and compliance Leon Carford shares his thoughts.
People Moves: 11 – 15 September 2023
Stay in the loop with the latest personnel moves in insurance.
Insurance sector facing FCA ‘big bombshell’ on commission model – Michael Sicsic
Insurance is facing a ‘big, big bombshell’ on commissions, as the shockwaves reverberate from the Financial Conduct Authority’s property buildings’ investigation, according to regulatory consultant Michael Sicsic.
Allianz appoints Henry Topham to retail MD role as Smith exits for Axa Health
Allianz has appointed Henry Topham as managing director of its UK retail business succeeding Heather Smith who is moving to Axa Health as CEO.
Heather Smith leaves Allianz to head Axa Health
Axa Health has named Allianz’s managing director for retail, Heather Smith, as its new CEO. Smith will take up the role in mid-January 2024.
Clear buys Heath Crawford & Foster as MVP exits
Clear Group has bought 100% of Heath Crawford & Foster, adding £18m of gross written premium to the growing consolidator.