Insurer
Geo adds Arnott Marine book to portfolio
The transfer sees Steve Gordon join Geo Underwriting as product head while the Ardonagh-owned entity expands its marine proposition.
Hedron Network adds Markel UK to panel
The GRP-owned network says members will have full access to Markel UK’s product range including professional indemnity, care, charity and community groups, and cyber.
Analysis: Gefion collapse highlights risks of unrated capacity
Niche brokers say they have no choice but to use unrated insurers as compliance experts call for a change of the "unfair" FSCS levy system after the scheme steps in to pay claims following Gefion's bankruptcy.
Mark Wilson's Abacai makes six leadership hires
Motor insurtech says the new leadership team joins as the group "eyes the significant opportunity to better serve customers" following the FCA's dual pricing ban.
Peach Pi partners with Tapoly on freelancer cover
The MGAs have co-created cover for freelancers and micro-SMEs operating in the health and wellbeing sector.
Covid BI claims payments hit £765.8m
FCA figures show interim payments of £289.5m and final settlements of £467.2m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,152.
XS Direct secures UK location with Brightside MGA buy
CEO Chris McCann tells Insurance Age about entering the UK market post-Brexit and reveals the Dublin-based company’s plans for the future.
Polaris reports post-lockdown boost in SME insurance volumes
The organisation says the number of policies traded on its imarket solution reached a record high in March 2021, after volumes dropped in 2020 when businesses closed due to the pandemic.
Saga appoints CEO
Steve Kingshott joins from Tesco Bank to replace Cheryl Agius who left in January.
CFC launches micro M&A liability product
CFC said micro M&A transaction liability is an untapped insurance market and a clear opportunity for brokers.
What fraud trends should brokers watch out for?
Insurance Age talks to the LV fraud team about the emerging fraud trends brokers need to be aware of.
Hiscox takes from RSA for head of art and private client role
Cheralyn Perry, most recently partnerships director at RSA, takes the newly created position.
FSCS declares unrated Gefion has failed
The troubled Danish insurer, which sold motor policies via brokers and MGAs in the UK, went into liquidation last year after its insurance license was withdrawn by the Danish regulator.
RSA boss Egan commits regional broker focus following Intact takeover
Egan says RSA's turnaround phase is over as he discusses what the sale to Intact will mean for the UK and International business.
People Moves: 7-11 June 2021
Stay up-to-date with the latest personnel changes in the world of insurance.
Simply Business adds RSA to panel
The broker will offer RSA and More Than products to SME customers.
Brightside's MGA Kitsune sold to XS Direct
Deal comes after Brightside announced last November that Kitsune was to close the new business and go into run-off.
The Insurance Charities drives action against domestic abuse
Insurance Cares: Following reports of increased domestic violence in lockdown, the charity has updated its domestic abuse toolkit for employers.
Euler Hermes names Sarah Murrow as CEO for UK and Ireland
She succeeds Milo Bogaerts, who is moving to become CEO of Euler Hermes Northern Europe Region.
Ghost broking remains "significant threat", warns Aviva
Provider says general insurance fraud escalated during the pandemic as it predicts recessionary factors caused by Covid-19 have "created the biggest fraud threat to customers in a generation".
Pandemic pushes SMEs to rely on credit to fund business insurance
Three out of four SME bosses who use credit to pay for insurance premiums have said that the impact of COVID-19 is the main reason for increased borrowing, Premium Credit finds.
People Moves: 1-4 June 2021
Stay up-to-date with the latest personnel changes in the world of insurance.
Zurich commits to maintaining regional footprint post pandemic
Zurich states it remains committed to supporting regional brokers and keeping its presence throughout the UK, including in Leeds, in response to speculation that it had closed its office in the city.
Sustainable insurer Parhelion to launch with backing from Howden
The provider, which is targeting a $500m capital raise, says its ESG products will meet the risk financing needs of a greener economy.