Insurer
Aston Lark buys MS Amlin division
The broker has purchased specialist marine pleasure craft insurance provider, Haven Knox-Johnston, for an undisclosed sum.
Syndicate 1991 to go into run-off
The Lloyd's syndicate will stop writing business on 31 December in another loss for the liability market.
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.
FOS: Covid complaints continue
But PPI remains the most complained about product as body highlights proposed fee structure in wake of coronavirus.
Orient Express named as "main battleground" ahead of BI test case Supreme Court hearing
The hearing in the FCA's business interruption test case starts on 16 November and will be heard by the same judges that oversaw the Orient Express case, which insurers have been relying on during the court proceedings.
Time to register for Broker Exchange
The countdown to our essential week-long event, Broker Exchange, is well underway. Join us virtually and pick and choose your sessions which begin on 30 November.
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.
Lloyd’s targets £800m cost reduction in second phase of transformation programme
Market outlines its ambitions for phase two of its Future at Lloyd's strategy as it seeks to modernise.
Industry unites to tackle dementia
Insurers and brokers are working together to raise funds for Insurance United Against Dementia on the Insurance Day of Giving.
Hardening market and economy are brokers' top worries
Research from Aviva shows over half of brokers are expecting economic decline as a result of coronavirus restrictions.
Allianz expands broker training programme
Offering will provide select independent and regional brokers with access to LinkedIn Learning.
Ageas takes chief distribution officer from Aviva
Adam Beckett joins the insurer in the New Year after 20 years with Aviva.
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.
People Moves Round-up: 2- 6 November 2020
Keep up tp date with the latest people moves.
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.
Industry reminded of Covid-19 product value review deadline
The FCA warned insurers and brokers that any assessments must be completed by 3 December.
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.
Alpha administrators in legal dispute with UK taxi broker
The case relates to premiums of over £3.9m collected by the broker before the unrated Danish insurer failed in 2018.
Hiscox UK appoints COO
Louise Marling steps up after joining Hiscox in 2019 as interim change director.