News
People Moves: 14-18 June
Keep up to date with the latest people moves.
Interview: Howard Lickens and Mike Edgeley
Edgeley discusses taking the CEO spot at Clear Insurance following Lickens’ decision to step aside and focus on M&A.
Amicus completes MBO backed by Shawbrook Bank
Co-founder Adam Scott says the broker is now looking to grow both organically and via acquisitions.
Aioi Nissay Dowa partners with Flock for motor fleet products
The two firms have said that their motor fleet insurance products are now available to self-drive hire, own goods, courier, and tradesperson fleets across the UK
US DoJ files lawsuit to block Aon/WTW merger
The two brokers have said they disagree with the move after the DoJ warns merger would “create a broking behemoth” and “threatens to eliminate competition, raise prices and reduce innovation”.
Aston Lark buys Premier Insurance Consultants
The Bolton broker is Aston Lark’s 15th deal this year.
Interview: Hedron Network CEO David Hopwood
Hopwood discusses GRP's takeover of Marsh Networks and what will be different for members after Marsh ProBroker, Bluefin Network and Purple Partnership became one single proposition.
Geo adds Arnott Marine book to portfolio
The transfer sees Steve Gordon join Geo Underwriting as product head while the Ardonagh-owned entity expands its marine proposition.
Swinton adds Alzheimer’s Society donation option for customers
Insurance Cares: The broker will invite car insurance customers to donate £1 when they buy a policy in ‘industry first’.
Hedron Network adds Markel UK to panel
The GRP-owned network says members will have full access to Markel UK’s product range including professional indemnity, care, charity and community groups, and cyber.
Analysis: Gefion collapse highlights risks of unrated capacity
Niche brokers say they have no choice but to use unrated insurers as compliance experts call for a change of the "unfair" FSCS levy system after the scheme steps in to pay claims following Gefion's bankruptcy.
Mark Wilson's Abacai makes six leadership hires
Motor insurtech says the new leadership team joins as the group "eyes the significant opportunity to better serve customers" following the FCA's dual pricing ban.
Peach Pi partners with Tapoly on freelancer cover
The MGAs have co-created cover for freelancers and micro-SMEs operating in the health and wellbeing sector.
Covid BI claims payments hit £765.8m
FCA figures show interim payments of £289.5m and final settlements of £467.2m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,152.
SMEs increasingly using credit to buy insurance
Research from Premium credit warns that Covid-19 and the increased cost of cover is pushing SMEs to use credit to buy cover as some cut down on insurance spend.
XS Direct secures UK location with Brightside MGA buy
CEO Chris McCann tells Insurance Age about entering the UK market post-Brexit and reveals the Dublin-based company’s plans for the future.
Polaris reports post-lockdown boost in SME insurance volumes
The organisation says the number of policies traded on its imarket solution reached a record high in March 2021, after volumes dropped in 2020 when businesses closed due to the pandemic.
Saga appoints CEO
Steve Kingshott joins from Tesco Bank to replace Cheryl Agius who left in January.
Aston Lark Ireland seals fresh deal in Dublin
The Dublin-based broker, which specialises in both personal and commercial lines, is the consolidator’s fourth deal in Ireland this year.
Clear furthers expansion with Anderson White buy
The acquisition of the Horsham-based broker is said to strengthen Clear’s presence in the South East.
Blog: How brokers can help insurers embrace digital assets
Ben Davis, of Superscript, explains why the industry needs to get to grips with tech currencies such as Bitcoin.
CFC launches micro M&A liability product
CFC said micro M&A transaction liability is an untapped insurance market and a clear opportunity for brokers.
Qlaims names Liz Latter as CEO
Latter, who previously worked at Saga, takes over from Malcolm Harvey who will remain with the business as founder and executive director.
Wednesbury broker dies after stabbing
A man has been charged with the murder of the 26-year-old who worked at Easy4Insurance/Bromwich Insurance.