News
Marsh blasts off with insurance for first space rocket launch from UK soil
Marsh has revealed that it has placed insurance for the first space rocket launch from UK soil, arranging it on behalf of Space Forge and placing it with Beazley to cover risk of loss to the Forgestar payload.
Romero boss urges brokers to donate as Kevin Sinfield raises £2m for MND charities
Romero managing director Simon Mabb has called on brokers and the insurance sector to dig deep and support rugby league legend Kevin Sinfield’s efforts to raise money for MND charities.
The Needham Group buys Corporate Insurance Solutions
The Needham Group has bought Lutterworth-based Corporate Insurance Solutions boosting gross written premium to £9m.
ABI publishes new Blueprint to help improve diversity and inclusion
The Association of British Insurers has published a new Blueprint which sets out a multi-year strategy and work plan to improve diversity, equity and inclusion across the insurance and long-term savings industry.
Industry gears up for 2022 Insurance Day of Giving
Insurance United Against Dementia is preparing for the latest Insurance Day of Giving with several firms already committed to raising money for the Alzheimer’s Society.
Development Bank of Wales invests in start-up broker
The Development Bank of Wales has invested £250,000 in Cardiff-based Driverly leading a pre-seed investment round of £525,000.
People Moves: 14-18 November 2022
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Aviva forecasts £25bn UK investment power boost from Solvency II reforms
The Association of British Insurers has backed the government’s Solvency II reform package which Chancellor Jeremy Hunt said will “unlock tens of billions of pounds of investment for our growth-enhancing industries”.
WTW, Liberty and Markel team up on complex specialty risks digital trading platform
WTW has staked its claim for a “step-change” in digital trading as it unveiled a collaboration with Liberty Specialty Markets and Markel launching the pilot phase of a commercial insurance platform.
Ardonagh posts double digital advisory growth but retail fall
Ardonagh achieved 12.1% growth in advisory income in the third quarter but turnover in retail dropped 11.3%.
Capsule and Aviva launch start-up insurance pilot
Specialist insurance broker Capsule and technology provider Codat have teamed up with Aviva to pilot a new technology-led approach to ensuring high-growth businesses have the right level of cover in place.
Ex-Policy Shop CEO Sean Byrne joins Got You Covered as MD
The Policy Shop founder and former CEO Sean Byrne has joined niche motor and personal lines insurance broker Got You Covered as managing director, reporting to CEO Rob Leigh.
Beazley raises £350m as it eyes cyber push
Beazley has raised £350m as it flagged plans to accelerate growth in cyber and specialty business.
Zurich becomes GAIN’s first Industry Transformer member
Zurich Insurance has become the Group for Autism, Insurance, Investment and Neurodiversity’s first Industry Transformer member.
ABI urges the Chancellor to freeze IPT
The Association of British Insurers has urged the Chancellor of the Exchequer, Jeremy Hunt, to freeze the rate of Insurance Premium Tax in the Autumn Statement on 17 November.
Biba schemes provider Renovation Plan ties up with Axa
Renovation Plan has teamed-up with Axa as its exclusive partner for all the specialist home renovation provider’s insurance products.
Covea, Hiscox and RSA commit to Build Back Better
Covea, Hiscox and RSA have all committed to help the UK adapt to the changing climate by joining Flood Re’s Build Back Better scheme.
Qlaims partners with MVP and Ataraxia Network
Insurtech MGA Qlaims has partnered with MVP and Ataraxia Network to offer their brokers its claims and risk management solution.
Atlanta claims UK first with Plain Numbers roll out
Atlanta, claims to have become the first organisation in the UK to have key customer high volume communications certified by social enterprise, Plain Numbers.
People Moves: 7-11 November 2022
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US insurtech Vouch invests in broking start-up Capsule
San Francisco-based Vouch has invested in the UK insurance broker Capsule.
Backpage: November 2022
The lighter side of the insurance world.
Broker Expo 2022: Brokers urged to act now over looming AR rules deadline
As the implementation of the appointed representative requirements edges closer, senior consultant Sue Mallender at Sicsic Advisory has warned Broker Expo delegates that principal firms need to act to make sure they hit the deadline.
Stubben Edge buys Cedar Underwriting
Stubben Edge Group has bought specialist managing general underwriter Cedar Underwriting.