Insurer
Das UK launches Ride Across Britain challenge to raise money for Alzheimer's Society
Ten riders from across the industry are set to cycle 980 miles from Land’s End to John O’Groats to raise at least £25,000 for the Insurance United Against Dementia campaign.
FCA reveals insurer claims payouts following BI test case verdict
Regulator says providers have paid out £192.1m in interim payments for unsettled claims and £279.8m in final settlements at it reiterates order to pay out quickly.
FCA extends dual pricing timetable
Following consultation the regulator has given firms fresh deadlines to implement rules relating to the loyalty penalty.
PIB buys specialist M&A MGA Acquinex Group in European move
Acquinex has offices in London, Frankfurt, Warsaw and Copenhagen and the deal, which follows investment from Apax, is the consolidator's third this year.
Pandemic pushes Ecclesiastical to 2020 loss
GWP in the UK and Ireland business grew by 7.6% while its COR worsened to 92.5%, as broking division saw modest profit rise.
People Moves: 15 - 21 March 2021
A round-up of market moves in the UK insurance space.
Zurich launches global risk service
Provider says the new offering was developed to meet demand from businesses for risk prevention and mitigation services and is available to UK brokers of all sizes.
Amanda Blanc becomes Women in Finance Champion
Blanc says there are still far too many barriers blocking women’s progress in financial services, as HM Treasury notes over 400 signatories have committed to helping women progress into senior roles and setting targets for gender diversity.
GrovesJohnWestrup Private Clients launches with digital broker platform
The business is backed by Munich Re and will initially focus on UK property, including main residences, holiday homes, second residences and let properties.
Nexus-owned Xenia buys Status Credit
Deal will see the East Sussex-based trade credit broker become part of Xenia in April.
Sabre reports profit fall as results are "heavily disrupted" by the pandemic
The motor provider posts £173.2m in GWP and a combined operating ratio of 75.3% in 2020.
Peach Pi launches product aimed at wellbeing and lifestyle sector on Acturis
The new e-trade offering, sold via brokers, provides cover for freelancers and small businesses in allied health professions such as audiologists, chiropodists and opticians, as well as complementary therapy, beauty and fitness.
Allianz adds to broker offering
The insurer wants to help brokers establish a network of Mental Health First Aiders.
Barriers to helping vulnerable customers highlighted
Insurance Care: CII members have revealed some of the difficulties they face when trying to help customers with additional needs.
Scheme developed to help women return to insurance
Nine insurers and brokers have created a cross-sector returners programme to encourage more “career break” women to return to the insurance industry.
ERS reveals $350m capital injection to drive expansion plans
Boston-based Abry Partners leads capital raise, with current major shareholder Aquiline also participating, as ERS continues to diversify into (re)insurance commercial lines.
People Moves: 8 - 12 March 2021
Stay informed of all the personnel changes across brokers and insurers.
QBE promotes Cécile Fresneau to run insurance division
Fresneau has been executive director at QBE UK for the past three years.
Insurance Hound: Most read by brokers in February 2021
Which topics have been sparking brokers’ interest?
MGA Arkel adds its Adapt product to SSP
The household insurance proposition will be available on the software house’s broker platforms.
Blog: Unoccupied property – flexibility to help recovery and regeneration
Caroline King, of Pen Underwriting, on why providers can no longer be ‘monochrome’ in their approach to commercial premises.
Markerstudy focuses on further deals after Brightside buy
Gary Humphreys says the provider is actively looking to buy more businesses as he flags further consolidation in the personal lines space.
Mark Wilson's Abacai buys Dayinsure
The motor insurance specialist, which is Abacai's first acquisition since it launched last month, will remain a standalone business run by its current management team.