News
People Moves: 16 - 20 November 2020
Keep up to date with the latest market moves.
Lloyd's to review the future of its underwriting room - report
The market says underwriting room is "here to stay" as the Daily Mail reports that a consultation next year could see the room scaled back.
SchemeServe adds open APIs to platform
The function allows brokers to add Application Programming Interface to products themselves without the need to pay for additional development from the software house.
Ageas reports 94.6% COR
The provider said Q3 numbers were “healthy” and reflected lower claims frequency and strong prior year releases.
Intact secures billions in funding as RSA sale talks forge ahead
If a firm offer is made Intact will buy RSA's Canadian and UK & International operations.
RSA launches FNOL commercial claims portal
Provider says new platform had been built in collaboration with brokers and designed to simplify the claim reporting process.
Arch unveils UK regional marine hull and machinery product
Offering was designed exclusively for fleets and single vessels operating throughout inland and coastal waters of the UK and Western Europe.
Generali develops PI for SMEs
The product is available to UK brokers and aimed at SMEs and the self-employed.
Blog: What’s the point of insurtech?
How can broker leverage insurtech products to provide the best solutions for customers? Leakbot’s Craig Foster weighs in.
People Moves: 9 - 13 November
Keep up to date with the latest market moves.
Rate hardening expected to speed up insurance sector recovery from pandemic recession
Swiss Re chief economist says the insurance industry is more resilient than expected, while the global economic outlook remains fragile.
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.
Gallagher takes on former Scotland rugby international
Nathan Hines has joined the broker as a business development director.
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.
British Engineering Services launches new inspection product on Acturis
The product has been tailored to meet the needs of motor garages and farms.
Broker space still attractive to investors
Inflexion’s Peter Shaw tells Insurance Age why the sector is still a safe bet for private equity.
MGA Qlaims launches quote and bind portal
The move adds loss adjuster support for commercial property clients with the universal platform and the provider said quotes are generated in three minutes.
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.
Willis Towers Watson sells Miller
Private equity firm Cinven and Singapore wealth fund GIC have bought the specialist broker for an undisclosed sum.
Top 100: Your exclusive guide to the commercial UK market
Our in-depth market analysis explores how brokers have fared over the past 12 months and ranks them according to GWP.
NFP buys Birmingham-based broker
The US-headquartered business adds commercial broker ER Shaw to its stable.
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.