Insurer
People moves: 17-21 January 2022
Keep up to date with the latest people moves in the insurance sector.
Lloyd’s announces leadership structure for Blueprint Two programme
CFO Burkhard Keese will take on the role of COO while Bob James, director of marker transformation, will be responsible for the delivery of the company's Blueprint Two programme.
Experts warn of reinsurance market crunch
Smaller players without scale may struggle with reinsurance costs going forward as issue is highlighted by the collapse of motor trade specialist Tradewise.
XS Direct's UK MGA stops writing new business
The Irish broker, which acts as an MGA in the UK, stopped accepting new business from 7 January after it was unable to renew its agency agreements with insurers. Its renewals business will also cease from 1 March.
Allianz brings EC&P operation into commercial
The division now falls into one of four commercial regions.
CPP Group UK buys travel specialist Alpha Underwriting
The deal includes Alpha’s general insurance broker network and broker portal, and CPP says it is set to add more products to the portal within the next quarter.
Jackson Lee updates Sports Travel Plus policy
The scheme is now available for groups and teams competing and training overseas and includes cover for Covid-19.
Aviva Group CFO resigns
Jason Windsor took on the role in 2019 and will join Persimmon, a British housebuilding firm.
CII announces interim CEO
Jonathan Clark will take over from Sian Fisher at the end of March 2022 as the search for a permanent CEO is underway.
Brokers call on new RSA boss to "step up a gear"
News analysis: Experts discuss whether outgoing RSA boss Scott Egan was successful in rebuilding the provider's relationships with regions and call for clarity on the insurer's broker strategy following leadership change.
Motor premium drop starts to stabilise
For the first time in over a year, the cost of car insurance has increased in some UK regions while the average premium has now reached £782, Consumer Intelligence reported.
Liberty adds to real estate proposition
The provider is launching a fresh product and has appointed two underwriters to support the initiative.
First Underwriting secures £1bn capacity from Accredited
The five-year deal with Accredited, alongside McGill & Partners, provides capacity for specialty products and will help First to diversify its product lines.
MGA Tradewise goes into administration
The motor MGA stopped writing new and renewal business on 1 January after it was unable to renew its reinsurance protection with Berkshire Hathaway.
People Moves: 10 - 14 January 2022
The latest personnel and management news in the insurance sector.
Ageas moves to Amazon Web Services for Insurer Hosted Pricing
The deal also sees it move to CDL's Proteus system which the provider says gives faster access to competitive rates for brokers.
Aviva and Prestige Underwriting agree fresh panel deal
The fresh motor and van agreement runs until 2026 and sees Prestige re-enter the non-standard motor space.
More deals in pipeline for Markerstudy after £400m BGL Insurance buy
Group underwriting director Gary Humphreys tells Insurance Age about the MGA's biggest deal to date and its plans for the future as he confirms that an IPO "hasn’t been ruled out as possibility".
UK General appoints CUO
David Boulcott joins the firm to replace outgoing David Brown.
People Moves: 4 - 7 January 2022
Keep up to date with the latest personnel changes from the world of insurance.
Fresh founder Lisa Powis awarded BEM in New Years Honours List
In addition, Johnny Timpson, previously the government’s disability access ambassador for the insurance and banking sectors, was made an officer of the Order of the British Empire.
Markerstudy buys BGL Insurance
The transaction is expected to complete during the first half of 2022 and follows hot on the heels of Markerstudy's deal for Lloyd's broker Clegg Gifford.
Review of the year: Covéa's Sue Coffey
Coffey discusses how the industry has risen to the challenge and worked together to navigate a difficult period while preparing for "significant" changes in regulation.
Insurance Age year in review- Steve Molloy
Steve Molly of AX reviews the year so far and tells Insurance Age what 2022 might look like.