News
Chaucer’s head of insurance insists the industry must be more inclusive for women
The head of insurance at Chaucer, Xamira Groves, has told insurance Age that there is “plenty more” to be done with women taking on roles in the insurance industry.
Gallagher buys specialist crisis and risk management consultancy AnotherDay
Gallagher has added global risk consultancy AnotherDay to its portfolio and the team will become part of its London specialty operation.
Ageas names Claire Green as director of distribution
Ageas has appointed Claire Green as its new director of distribution in a move it said was further evidence of its commitment to the personal lines broker market.
Gallagher denies negligence and breaches over Paradigm claim
Gallagher has hit back at claims by client Paradigm Housing Group that it acted negligently and breached its duty over cover for a £8m flat complex which had its roof blown off in 2020 storms.
PIB 2021 deal costs total £85.5m
PIB Group spent £85.5m in 2021 snapping up eight businesses, the broker’s annual report has revealed with revenue growing to over £230m including 9% organic growth.
NuVenture launches product recall MGA
NuVenture International has launched its third managing general agent, product recall insurance specialist BluNiche.
GWP up but profit and COR deteriorate for Allianz Holdings
Allianz Holdings has posted a drop in profit of 42%, from £170m to £99m for the first half of 2022.
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TL Dallas targets more branches after recent expansions
TL Dallas will open at least one more branch this year, managing director Polly Staveley has revealed to Insurance Age as she confirmed recent cost of living pay rises for all staff.
FCA warns of W.F. Fountain clone
The Financial Conduct Authority has warned of a clone using the name William Fountain Insurance Brokers.
RSA posts UK underwriting loss
RSA has revealed a £12m underwriting loss for UK business in the first six months of 2022.
TDI Academy launches scholarships for women in insurance
The Digital Insurer has announced it will provide fully paid scholarships to support the development of women leaders in the insurance industry.
Insurers flag climate change concern following UK heatwave
Insurers have pledged to focus efforts on reducing climate change and called on the industry to be better prepared for weather events.
FCA reveals final rules on appointed representatives
The FCA has confirmed new rules to make authorised financial firms more responsible for their appointed representatives.
Amanda Blanc joins BP board
BP has announced the appointment to its board of Amanda Blanc as a non-executive director.
FCA to open Leeds hub
The Financial Conduct Authority has announced that it is set to open a Digital Delivery Centre in Leeds and is in the process of recruiting 100 new staff members.
Pandemic Re – no meetings with Treasury since March
A Freedom of Information request by Insurance Age has revealed that HM Treasury has held just three meetings with the Pandemic Re steering group since the onset of the coronavirus crisis.
Aviva strikes Azur HNW deal after exclusive talks
Aviva has penned a deal to buy Azur Underwriting’s high net worth personal lines business in the UK and Ireland.
Seventeen Group snaps up Bryce Smith & Partners
Seventeen Group has completed the purchase of London-based Bryce Smith & Partners for an undisclosed sum.
Experts warn of ‘huge threat’ and no ‘get out of jail’ card in FCA letters
Compliance specialists have urged brokers to take heed of the Financial Conduct Authority’s latest pair of letters on fair value in general insurance.
Jensten buys MGA Origin
The Jensten Group has bought SME specialist managing general agent Origin UW for an undisclosed sum.
Clear buys GSI Commercial Services
Clear Group has bought GSI Commercial Services in its first deal to complete since Goldman Sachs invested in the broker last month.
FCA letter sets out scale of watchdog’s fair value assessment frustrations
The Financial Conduct Authority has revealed one-in-three insurance manufacturers are leaving fair value assessments to the last minute causing a risk of harm to consumers.