News
Aviva to cut personal lines products down to 40 from 400
GI CEO Colm Holmes says the provider is targeting growth in SME and corporate and specialty and insists new strategy will not lead to more redundancies.
David Ross reveals heartbreak after “harrowing” Gallagher v. Ardonagh case
CEO also discusses Ardonagh’s latest set of financial results, organic growth and acquisition plans.
Ecclesiastical names former Zurich broker boss as insurance MD
John Blundell, who is retiring, will hand over the reins to Richard Coleman in 2020.
Ardonagh takes broker director from Aviva
Graeme MacMillan will join the business in a newly-created role in 2020.
Applied Systems and Zurich announce motor partnership
Zurich will maintain control of pricing while Applied Systems will support connectivity, quoting and data exchange between Zurich, brokers and policyholders.
Direct Line Group results outline £50m cost-cutting drive
Restructures costing the business £60m will also take place over the next two years.
NIG undergoes management reshuffle
Responsibility for e-trade will be handled in the regions after Swindle exit as further managers leave the provider.
Insurers commit to help women’s financial futures
Insurers have promised to provide flexible working for staff and pledged to be inclusive about customers' financial lives.
Ebitda soars at Ardonagh but losses also rise in first nine months of 2019
Business posts rise in reported income to £505.4m, while loss increases to £67.7m as organic growth hits 4.6%.
Travel broker Staysure buys aggregator
The provider to the over-50s market has acquired a controlling stake in a price comparison website.
Insuring Women’s Futures manifesto launched by CII
Former Lloyd's CEO, Inga Beale, called on brokers to examine policy wordings for gender bias.
Acturis continues international expansion with French buy
Software house's deal to buy Add Value Assurances follows purchases in Canada, Germany and Denmark.
Blog: Is your firm ready for the SMCR?
Nick Elwell-Sutton of Clyde & Co outlines the steps that brokers need to take to comply with the impending regulation.
FCA issues fresh warning on broker remuneration
Regulator issued new guidance on how brokers and providers can best serve customers.
County Group buys Welsh broker Bruce Edwards Jones
Deal forms part of the broker’s strategy to increase its presence in North Wales.
Aviva targets 20% premium growth in GI business
Provider reveals new organisational structure with five operating divisions.
Ex-Swinton boss Gilles Normand joins Saga amid insurance business restructure
Former Legal & General GI boss, Cheryl Agius, is set to take on CEO of insurance role as Saga reveals plans to bring together its insurance broking, underwriting and claims management businesses.
Lloyd’s launches Speak Up campaign to address culture problems
Campaign directly follows results of an independent survey on the market’s culture.
Towergate acquires Swansea-based broker
Both employees join Towergate’s Swansea office as owner Tony Nakonecznyj becomes a consultant.
Compass CEO John Lincoln to retire as Bravo restructures leadership team
Lincoln will move into an advisory role for Compass-owner Bravo Group from 1 January 2020 as Scott Bennett takes on role overlooking both Compass and Broker Network.
FSCS urges Alpha latent defect customers to submit claims
Scheme has in total paid out £31m in premium refund compensation to 229,000 Alpha policyholders following the collapse of the unrated Danish insurer in May 2018.
Jaime Swindle exits NIG for Bravo Group
The former director of broker e-trade has joined the parent company of Broker Network, Compass and Ethos Broking.
THB agrees Fleet UK partnership with Axa
Axa to underwrite the Fleet UK product from 1 January following Zurich's exit from the scheme.
Former Jelf boss Phil Barton joins MRIB as group CEO
Barton departed Jelf in March 2019 after 16 years with the business.