News
Arch develops terrorism policy
The cover has been developed for the UK regional market.
End of an era as Jon Newall leaves Lockyers
Newall exits after 25 years with the broker which was sold to Ethos in 2018.
Society of Insurance Broking warns of a "perfect storm" of challenges
The professional body says communication will be key to help brokers through the pandemic and hardening market.
No firm deadline for Supreme Court BI judgment
Judges pledge to work quickly but there is no certainty on when policyholders and insurers will get a decision on the business interruption appeal as hearing concludes.
HAG says Hiscox policies are "complex and unworkable" in Supreme Court appeal
The action group put forward its arguments on the last day of the Supreme Court BI test case hearing.
CMA fines ComparetheMarket £17.9m
The watchdog says the comparison website breached competition law by using clauses prohibiting home insurers to offer lower prices on other aggregator sites, resulting in higher premiums.
Ardonagh reveals 14.4% growth in adjusted Ebitda
The business says it has a "robust forward-looking pipeline" after making five deals in Q3 2020.
Daulby Read reveals deal-making plans
MD Peter Goddard tells Insurance Age about the firm's mission to keep broking "at the heart of the community" and discusses its recent purchase of Townsends Insurance Brokers.
FCA counsel argues "insurers took the plunge" on disease clause
The Superme Court hearing of the business interruption test case continued for the third day as lawyers compared coronavirus to the Great Storm of 1987.
Catlin’s Convex adds $1bn to coffers
The move means the insurer has raised $2.7bn in the past 18 months.
Blog: Change the front page
Biba’s Steve White considers the impact of recent headlines that don’t reflect the real truth about insurance.
Insurer QC accuses FCA of "hair splitting wordsmithery” as Supreme Court showdown continues
Insurers and the regulator set out their starkly differing views on the use of trends clauses on day two of the ongoing business interruption test case hearing at the Supreme Court.
Hastings sale to Finnish/South African consortium completed
Takeover, which valued the business at £1.66bn, sees Hastings delist from the London Stock Exchange.
RSA suitors agree cash offer
RSA board says it will recommend the £7.2bn deal to shareholders as Intact and Tryg take next step to buy and split the insurer.
SSP confirms system disruption as brokers struggle to access Pure Broking
Software house says the situation is being investigated by engineers and is a "top priority".
Aon seeks European Commission approval for $30bn WTW deal
The EU watchdog is to make a decision by 21 December 2020.
Aston Lark buys two brokers from Risk Alliance Group
Risk Alliance in Bingley and Belfast-based Risk Alliance International bring a combined GWP of £12m to Aston Lark.
Insurers launch their appeals as FCA BI Supreme Court battle begins
The Supreme Court heard arguments from lawyers representing QBE, Argenta and MS Amlin on 16 November as insurers began their appeal of the September judgment handed down in the FCA’s business interruption test case.
Ardonagh Specialty reshuffles management team
Broker makes series of promotions as it revamps its top team.
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.