Insurer
People Moves: 30 May - 01 June
Keep up-to-date with the latest job changes in insurance.
GRP-owned Marshall Wooldridge buys Bush & Associates
Global Risk Partners’ Marshall Wooldridge has bought Insurefirst which trades as Bush & Associates.
Allianz tops Brokerbility insurer service survey
Allianz has been awarded the highest overall satisfaction rating with a score of 74.9% in the latest survey of members by Brokerbility.
FCA reveals D&I and AR delays
The Financial Conduct Authority has delayed its consultation paper and policy statement on diversity in financial services as well as a policy statement on reviewing the appointed representatives regime.
Regional brokers spy growth in real estate
The regional real estate market is in rude health, with six in 10 brokers (56%) reporting growth over the past 12 months, and one in six (16%) reporting significant growth, according to Ecclesiastical.
Sarah Willmont promoted to UK CEO as Canopius restructures
Canopius has named Sarah Willmont as UK CEO as it reorganised its global underwriting operations into four areas of specialty, short tail, reinsurance and casualty.
Biba welcomes FSCS fee cut
The British Insurance Brokers' Association has welcomed the Financial Services Compensation Scheme's decision to lower the broker levy from £68m to £5m for 2022/23.
People Moves: 23-27 May 2022
Keep up-to-date with the latest job changes in insurance.
Disappointed FCA warns brokers on consumer harms
The Financial Conduct Authority has written to brokers warning there are significant risks of potential harm that both the market and individual firms need to address and that it will take action where needed.
BoE exercise: No additional action scenario on climate change ups UK insurer losses by 50%
UK general insurers could face at least a 50% increase in average annualised losses in a non additional action on climate change scenario, a report by the Bank of England has detailed.
R&Q and Brickell deal collapses
R&Q has detailed plans to raise $108m (£85.8m) as the proposed takeover by Brickell fell through.
Cyber pricing hardens over 30%, says Aon
Market conditions for cyber insurance in the UK remain challenging with prices hardening by over 30% for the first quarter, according to an update by Aon.
Adrian Coupland joins Earnix
The former customer and marketing director at SSP, Adrian Coupland, has joined Earnix as head of sales for insurance in Europe, the Middle East and Africa.
Brickell seeks to cancel £482m R&Q takeover deal
Randall & Quilter has revealed that Brickell has cited a “material breach” and moved to scrap the proposed takeover.
Policy Expert signs six-year £2bn capacity deal with R&Q Accredited Europe
Home and motor insurtech Policy Expert has agreed a six-year capacity deal with A- rated R&Q subsidiary Accredited Insurance (Europe).
HDI restructures UK & Ireland operations
HDI Global and HDI Global Specialty’s UK and Ireland branches have been brought under a common leadership structure for the first time.
SEIB adds Lloyd & Whyte CEO to board
Matthew Pyke has become a non-executive director for SEIB, which is owned by Ecclesiastical's parent firm. Lloyd & Whyte is also 20% owned by the Benefact Group
MS Amlin teams up with Altelium on battery energy storage insurance
MS Amlin Underwriting has partnered with insurtech Altelium to launch a battery energy storage system construction all risk and operational all risk insurance solution.
R&Q delays shareholder vote on takeover
R&Q has postponed the shareholder vote on being bought by Brickell until 25 May.
FCA warns on Broker Express clone
The Financial Conduct Authority has warned of a clone of Broker Express with fraudsters using or giving out details as part of their tactics to scam people in the UK.
Aviva enters exclusive discussions to buy Azur’s HNW operation
Aviva has opened exclusive negotiations with specialist managing general agent Azur Underwriting to buy its high net worth personal lines business in the UK and Ireland.
Zurich to sell Russian business to local team and exit market
Zurich Insurance Group has agreed to sell its Russian business to 11 members of the unit’s team.
RSA re-jigs leadership team to bring customer operations and claims together
RSA has promoted Karl Helgesen to chief operating officer with Louisa Leonard becoming managing director for personal lines to replace Kay Martin who is retiring.
Gallagher to rebrand Coleman Marine
Gallagher will rebrand Coleman Marine as Gallagher on 30 May.