News
Abbey and Autoline to merge into single brand
Northern Irish brokers to begin trading as AbbeyAutoline from 1 September
Bennett Christmas buys Sennet Insurance Services
Bennett Christmas is part of the Ethos broker stable and adds the professional indemnity specialist to its portfolio.
WTW and Aon address five lawsuits amid deal transaction
The two broking giants describe the legal actions as “without merit”.
Biba develops mental health service
Head Lines: The trade body has teamed up with Mental Health in Business to offer the facility to members
Markerstudy confirms up to 200 Co-op redundancies after deal concludes
The insurer said it was planning to retain at least 700 of the 900 staff moving across with the Co-op’s underwriting business following union complaint.
Blanc to focus on UK, Ireland and Canada to intensify Aviva growth
The CEO said that as part of this there may be some market withdrawals and “difficult” decisions as she reaffirms Aviva’s commitment to brokers as UK COR soars amid Covid-19.
UK Broker Awards – Meet the Shortlist – Customer Service Award
Meet the impressive brokers who make up the shortlist in one of the most competitive categories at the UK Broker Awards.
RSA threatens 300 redundancies
The insurer is also seeking to tackle complexity in its portfolio and downsize its office footprint following increased remote working in the wake of Covid-19.
Allianz hits almost £2bn in premium
However commercial business sees GWP decline in H1 2020 numbers as provider predicts £80m Covid-19 BI hit.
Video: Fleet crime in the agricultural space
Insurance Age speaks to MS Amlin about how farming fleets are being hit by organised crime.
PIB buys Rigton Insurance
Acquisition of Leeds-based broker follows hot on the heels of deals for UKinsuranceNET and Marx Re-Insurance Brokers
Hastings bought by Finnish/South African consortium
The deal values Hastings at around £1.66bn as the provider also publishes half year results.
Co-op hits out at Unite over Markerstudy deal claims
Unite said the deal is a “betrayal” of the Co-op philosophy as trade union predicts 200 jobs at risk once deal goes through.
UK Broker Awards – Meet the Shortlist – Training Award
Meet all of the finalists competing for the Training trophy at the UK Broker Awards.
FCA threatens intervention over BI claim deductions
The #justpayit campaign has highlighted that some providers are reducing BI payouts to businesses which have received government support grants.
GRP buys seven business books from Aon
The deal includes a large portfolio in Northern Ireland.
AA confirms offer talks amid refinancing
The group is meeting with Centerbridge Partners Europe, LLP alongside Towerbrook Capital Partners UK, Platinum Equity Advisors and Warburg Pincus International as it flags £2.65bn of debt.
People Moves: Round-up 3 - 7 August 2020
Keep up to date with the latest people moves.
UK Broker Awards – Meet the Shortlist – Broker of the Year
Broker of the year goes to the best of the best and this year is sponsored by Markerstudy.
Hiscox COR soars to 114.6% and losses hit $138.9m
The provider has also reserved $232m for Covid-19 related claims as it reports H1 2020 numbers.
Aston Lark buys PHM
The deal adds around £4m in GWP and sees Aston Lark push further into employee benefits.
Lloyd's commits to female representation target
Market also launches Culture Dashboard and is set to undertake a second annual survey in October following heavy criticism of its culture in 2019.
Grumpy Old Insurance Execs: Bunker, Cooter, Hanks and Smith on trading through a hard market
For the 36th episode of Post and Insurance Age’s Covid-Cast video series we gathered together an esteemed panel of ‘grumpy old insurance execs’ to talk about how to trade through a hard market, something many might have not experienced before.
BI court case judges aiming for draft judgment in mid-September
Lord Justice Flaux has confirmed the middle of September as the target date for a draft judgment in the business interruption court case brought by the Financial Conduct Authority against UK insurers.