News
Ardonagh completes £2bn debt raise and deals for Bravo Group and Arachas
The move, announced in June, brings Broker Network back into the fold as Ardonagh confirms £300m war chest to fund future deals.
Liquidators appointed for Gefion Insurance
The unrated provider recently went into solvent liquidation after the Danish regulator withdrew its insurance license.
Insurance Covid-Cast: Black Lives Matter focus - Q&A with the first minority-led tier-one insurance and reinsurance broker Protecdiv
For the 34th episode of Post and Insurance Age’s video series content director Jonathan Swift sat down with the founders of Protecdiv, a business that claims to be first minority-led tier-one insurance and reinsurance broker.
Blog: Taking the lead on professional indemnity
Tokio Marine HCC’s John Booth explores how brokers can get the best for their clients from their PI provider.
CDL adds Percayso Inform to platform
The software house has partnered with the insurance intelligence provider.
Insurer approaches to causation ‘legally flawed’ FCA argues in BI test case
The Financial Conduct Authority has alleged that insurers’ approach to causation in the business interruption test case is “legally flawed” and the defendants have “overlooked” contractual contexts.
PIB buys Stockton-based UKinsuranceNET
Deal is PIB's 30th as the consolidator confirms it has several more in the pipeline.
Flood Re incurs £160m in claims for 2019/20
The government-backed flood insurer paid out more than in its first three years combined, plus, it also welcomed changes to the scheme enabling discounted premiums.
Insurers failed to raise issues with government's restriction triggers, says FCA
If insurers disagreed with the government’s conclusions following a meeting with the industry that they would pay out based on March advice then they should have spoken out sooner and given politicians an earlier ‘opportunity’ to enforce mandatory bans,…
Brokers not responsible for BI test case insurance policies under contract law, argues FCA
The business interruption test case policies under scrutiny in the Financial Conduct Authority’s test case are presented ‘in the manner which most benefits insurers’ and therefore brokers should not take the blame for any contractual breaches, the…
Action groups hit out at “absurd” insurer defences in FCA BI case
Insurers have been accused of filibustering in relation to business interruption as firms suffer “devastating losses” following coronavirus lockdown.
Covid-19 to boost broker M&A
David Hopwood, of Marsh Networks, predicts the pace of M&A will increase as the UK moves out of lockdown.
FSCS reports surge in broker-related claims
Scheme says it has started paying out on new failures including to customers of Elite Insurance, Lamp Insurance, Quick-Sure Insurance and CBL Insurance.
Exploring new opportunities
Broker Extra 2020: With growing numbers of customers disillusioned with insurance and questioning its worth, along with changing needs, does the market need to innovate? This session looked at the issues from a wide perspective.
Biba says members are taking action to tackle dual pricing
A report from the trade body shows brokers are engaging with its Guiding Principles and Action Points to address dual pricing practices in the home and motor insurance sectors.
Building business better after the crisis
Broker Extra 2020: Every effort is being made to ensure the UK economy fires up again, but how will brokers be operating and can they find better ways to function? Aviva's Phil Bayles, Ian Donaldson of Atlanta Group and Sara Fardon, of Willis Towers…
MGAs under threat as insurers set to crackdown
News Analysis: Covid-19 and BI wordings row likely to see a flight to quality, specialist providers while vanilla offerings set to struggle.
CDL reports falling profits and turnover for 2019
Commercial director Nigel Phillips says performance was impacted by the "challenging economic and political climate".
Ten adds six members during lockdown as it gears up for growth
MD Dawn Derbyshire says the pandemic has given brokers time to think about going out on their own as the AR network strives to update its model to include directly authorised firms.
Saga confirms 300 redundancies
The insurance and travel provider said the business had been hit by the Covid-19 pandemic.
Digitising and Innovating Your Business Operation
Broker Extra 2020: Brokers have largely failed to be a part of the fintech scene, but is there growing realisation of the opportunities that exist… and could the pandemic hasten investment in this area?
Where has the industry got to with diversity and inclusion?
Broker Extra 2020: Insurance industry leaders need to educate themselves to improve representation as panellists urge the sector to act now.
A future insurer-broker relationship
Broker Extra 2020: Could remote working actually strengthen relations between insurers and brokers or is it storing up problems for the future? Representatives from both sides have discussed how they are navigating the business environment resulting from…
Aviva Ireland GI CEO launches legal proceedings against the provider - report
John Quinlan, who has been on leave for almost eight months, is looking to sue Aviva, writes The Irish Times.