Insurer
Review of the Year 2023: Axa’s Sarah Mallaby
Sarah Mallaby, Axa commercial distribution and trading director, reflects on the insurer’s cautious exploration of the opportunities afforded by AI and pushing the boundaries in ‘green’ schemes business.
Ex-Brightside and Markerstudy boss Martyn Holman adds Canford Law to portfolio
Martyn Holman has joined Canford Law as a board advisor to help in the strategic development of the business as it seeks new opportunities in the insurance market.
Wakam hires execs from Accelerant and Great Lakes after PRA authorisation
Wakam has filled out its UK leadership team after being granted full branch authorisation by the Prudential Regulation Authority.
Flock to push on broker relationships with NIG fleet partnership
Insurtech Flock has partnered with NIG on fleet insurance in a move that will also involve opening up more broker relationships, according to Ed Leon Klinger, CEO of the managing general agent.
Clear Group continues expansion with P W White & Partners purchase
The Clear Group has bought the entire general insurance book of regional intermediary P W White & Partners.
Polaris updates imarket with £1.5m investment
Polaris has updated its flagship digital trading platform imarket following a £1.5m investment.
Beat Capital Partners launches accident and health business
Beat Capital Partners has launched RedRiff Agency, an accident and health underwriter with Peter Wilkins as CEO.
People Moves: 27 November – 01 December
Follow the latest personnel moves in insurance.
Rokstone launches contingency portfolio
Managing general agent Rokstone is launching a contingency portfolio promising a same-day quote turnaround for brokers.
Ecclesiastical strikes third scheme deal of 2023 with Towergate Care
Ecclesiastical has continued its expansion into the scheme space by partnering with Towergate Care to offer property capacity for larger care home providers.
Prestige teams with Open GI on Coverall update
Prestige Underwriting has partnered with Open GI to launch a refreshed version of its non-standard home proposition, Coverall.
Bspoke signs up to buy Police & Forces Mutual personal lines books from Royal London
Bspoke Insurance Group has struck a deal to buy the personal lines elements of the Police & Forces Mutual businesses – Police Mutual Healthcare and Police Mutual General Insurance – from The Royal London Mutual Insurance Society.
Tesco enters non-standard home with Prestige partnership
Tesco Bank has moved to offer non-standard home insurance to customers via a partnership with Prestige Underwriting.
Markel’s State National to bring capacity to UK MGAs in 2024
Markel Group’s State National Companies will be entering the UK on 1 January 2024 with capacity for managing general agents, focusing on specialty commercial lines in a move designed to support an “underserved” market.
Product recall MGA to target regional brokers with new division
Specialist product recall insurance managing general agent BluNiche has unveiled a Birmingham-based offshoot to target regional brokers and their SME clients.
Tokio Marine HCC International expands in Manchester and Birmingham
Tokio Marine HCC International has invested in new premises in Manchester, and revealed underwriting appointments in the city and Birmingham as it pursues growth in the UK regional professional risks market.
C-Quence launches real estate product and ‘drag & drop’ automated submission reader
Managing general agent C-Quence has launched a real estate product for the property owners market, and unveiled a ‘drag & drop’ automated submission reader.
Saga names Mike Hazell CEO as insurance sale rumours resurface
Over 50s specialist Saga has appointed Mike Hazell as group CEO, succeeding Euan Sutherland with immediate effect.
Aviva and IFB join forces to help combat paid-ad spoofing scams
Consumers are being urged to be extra cautious when searching for their insurer or broker online.
Aviva uncovered £120m of fraudulent claims in 2022
Aviva has revealed that it uncovered more than 9,250 instances of fraud in 2022 – saving customers £120m.
Axa UK: broker clients will benefit from contractor body cameras
A major insurer is providing body cameras to contractors in move it claims will enable broker clients to highlight best practice to underwriters.
People the number one priority for Axa Commercial CEO Jon Walker
“People are the only true differentiator that any of us have in the marketplace,” according to CEO of Axa Commercial, Jon Walker.
Pen takes box at Lloyd’s
Pen Underwriting has taken a box at Lloyd’s, which will be staffed initially with a marine team ahead of diversifying into complementary products and other lines.
Sabre confirms cyber attack
Motor insurance specialist Sabre has revealed being hit by a cyber attack on 16 November.