News
Pen Underwriting launches standalone terrorism product
MGA says the new offering is part of its strategy to broaden its product suite for UK brokers, as it works towards its £1bn GWP target.
LexisNexis unveils customer data management product
New offering pulls together data from multiple touchpoints, including quote, renewal and claims, to help brokers and providers build a comprehensive representation of their customer as well as find cross-selling opportunities.
Newcastle-based MGA Generation bought by Arden UW
The combined group, part of Belfast-headquartered Willis & Company, will trade under the Generation brand and plans to expand its footprint across the UK.
Government seeks views on changes to Flood Re
The proposals include giving Flood Re the ability to offer discounted premiums to households that have fitted flood resilience measures to their property.
Reports point to e-trading surge among brokers
Coronavirus and tech drive in the Lloyd’s market have accelerated the adoption of e-trading in 2020.
Complete Cover Group reveals return to profit in 2019
The broker's turnover fell but adjusted Ebitda grew in 2019 according to its latest set of financial results, as the business also comments on its sale to Ormiston Holdco in early 2020.
FCA launches policychecker for BI customers
The regulator has developed the tool to help policyholders find out if their wording is affected by the Supreme Court's coronavirus ruling.
Gallagher posts rising brokerage revenues for 2020
Europe, Middle East and Asia CEO Simon Matson says the UK business achieved organic growth of 5% in 2020.
Markerstudy "keen to get back on the acquisition drug" after £200m investment
Group underwriting director Gary Humphreys says funding agreement led by Pollen Street Capital restructures the MGA's debt and opens the business up for making further deals.
MGA Inperio updates terrorism proposition
A digital trading platform focusing on terrorism & sabotage has been developed for brokers.
Blog: Supporting confidence to trade amid twin disasters of Covid and Brexit
Milo Bogaerts, of trade credit specialists Euler Hermes, explores how the extension of the UK trade credit insurance state support scheme will help brokers and carriers create the confidence to trade for their clients.
Q Underwriting launches property and package division
The line is supported by capacity from Ergo UK Specialty which is part of Munich Re.
Biba Travel Medical Insurance Directory approved by FCA
The document has been designed to help brokers comply with regulatory obligations.
Howden to buy in the UK as it confirms £500m war chest
CEO David Howden hopes A-Plan will help attract UK brokers who do not want to join the "traditional aggregators" as it explores deals of all sizes.
Prometheus Insurance falls into administration
The Gibraltar-based insurer, also known as Tradewise Insurance Company, which went into run-off last year, cannot meet claims in full.
Guide launched to aid inclusive policy design
Insurance Cares: The document has been developed by Fair By Design with input for providers and regulators and has been created to help vulnerable customers.
Julie Page to head up merged Aon/WTW business in the UK
It is believed WTW head of GB, Nicolas Aubert, will remain with the organisation until the close of the deal.
Brokers push government to cover Covid-19 event insurance gap
Without backing as soon as possible events will be unable to take place over the summer as broker calls for £200m support package.
Markerstudy in £200m investment deal led by Pollen Street Capital
QIC is also set to participate in the transaction, as Markerstudy says it plans to grow organically and through acquisitions.
Apollo replaces head of marine and energy liability
Rob Johnston replaces Howard Burnell who was convicted of assault last week.
Howden reveals organic growth of 6% and rising revenues
The broking group says it has facilities of over £300m to support growth and acquisitions, as it looks to make more deals in the retail space and to grow its MGA arm, Dual.
PIB’s Brendan McManus lifts lid on Apax deal
The leader says brokers have become even more popular with private equity investors following Covid-19 as many have sustained performance and kept hold of revenue despite the pandemic.
Usage-based car cover platform created
The proposition has been developed by By Miles founder, Callum Rimmer, for insurers and brokers to offer access to usage-based cover to the motor market.
People Moves: 25 - 29 January 2021
Stay up-to-date with the latest personnel changes in the world of broking and insurance.