Insurer
Financials Acquisition Corp to float on Stock Exchange
The special acquisitions company is looking to raise £150m to drive MGA and tech deals.
People Moves: 4 - 8 April 2022
Keep up-to-date with the latest industry moves.
Aviva and Allianz surveys flag inflation and climate impact issues for SMEs
Inflation has toppled business interruption as the number one concern for small businesses in a survey by Allianz Commercial while separate research by Aviva has found three-quarters of SMEs believe businesses should work on reducing their environmental…
AM Best rates MGA Castel
The organisation said it is the first UK MGA to receive a performance assessment from the rating agency.
Blog: Managing theatre risk post-Covid
Ross Howard, assistant underwriter for entertainment at Markel International, and amateur thespian, explains how performers and theatre companies have overcome the obstacles of Covid-19, and discusses their plans to safeguard theatre productions in a…
Analysis: The inflation challenge
The ever-increasing rate of inflation in the UK and certainty of more to come has led to warnings of challenges for brokers and insurers alike with issues ranging from difficult conversations on premium rises to underinsurance and the prospect of turning…
New RSA CEO Ken Norgrove promises to fix current “average” broker service
The insurer is keen to grow in SME in partnership with brokers but will not be targeting micro business.
Aviva takes Charlotte Jones from RSA as CFO
Aviva has been looking for a new CFO since Jason Windsor resigned in January.
R&Q agrees £482m sale to Brickell
The deal would give shareholders a premium of around 20% on yesterday’s closing price.
Lloyd’s picks 11 for latest lab cohort
The insurtechs have been selected based on solutions geared towards four key themes: decarbonisation and climate change; supply chains; data and models; and claims.
KGM buys Eridge Underwriting Agency
The MGA forecast the combined business will underwrite £175m in gross written premium this year.
Axa opts not to appeal BI ruling in Corbin & King case
The insurer said it is working with the restaurant group to finalise the claim as quickly as possible as well as looking at the impact of the court’s decision on other declined claims.
Beazley revamps underwriting team structure
Cyber risks to become a standalone division as part of the changes.
Occam completes Beech buy
The deal was first revealed in October.
FCA warns of Direct Line clone
Regulator flags Direct Line Sustainability to customers.
Markel adds Mark Plews from Hiscox as director of underwriting
He is replacing Simon Fells who is retiring.
Euler Hermes rebrands as Allianz Trade
The provider has been fully part of Allianz Group since 2018.
Opinion: Legal disputes rise as tough times get tougher
Left reeling by pandemics, volatile markets, rising costs and labour shortages, UK businesses are also seeing a spike in legal disputes. ARAG MD, Tony Buss, explains why demand for legal protection is steadily rising with no quick end in sight.
Lloyd’s CEO John Neal in hospital after cycling accident
The marketplace’s leader is expected to make a full recovery after sustaining serious injuries.
In depth: Employment practices liability: getting back to business?
The disruption to working practices following the Covid-19 pandemic has also prompted major upheaval in the employment practices liability (EPL) market. Tim Evershed reports
Zurich drops ‘Z’ logo in wake of Ukraine invasion
The provider has stopped using the logo on its social medial channels.
Saga reports drop in broking GWP and profit
The group sold Bennetts in August 2020.
Hagerty launches motorsport insurance in the UK
The organisation is working with Gullwing Racing Insurance.
In Depth: Legal expenses cover proves value in volatile times
The turmoil caused by pandemics and politics in the past two years has created an increasingly litigious landscape and served to highlight the value and benefit of legal expenses to businesses, says Tim Evershed