News
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.
Hiscox promotes trio from within to reshape broker leadership team
Hiscox has announced the appointment of James Stewart-Smith to broker sales director - a newly created role within the broker arm of its UK business. He will take up the role with immediate effect and be responsible for managing all seven regional…
Aviva grows GWP but COR worsens
Aviva has reported a slip in its UK combined operating ratio from 94.2% to 95%.
John Dunn named MD of Brokerbility as Julie Rayson-Flynn departs
John Dunn has been appointed to the role of managing director of Brokerbility, with responsibility for leading the network as Julie Rayson-Flynn leaves after 15 years with the business.
AssuredPartners buys Anchorman
US-headquartered AssuredPartners has bought professional indemnity specialist Anchorman Insurance Consultants.
GRP-owned PCH snaps up two businesses
Premier Choice Healthcare has bought Independent Healthcare (UK) and Paul Ganjou.
LMG names Axa XL boss Sean McGovern as chair
The London Market Group has confirmed Sean McGovern, Axa XL’s CEO for the UK & Lloyd’s, as its next chair taking up the role on 1 January 2023.
Axa Commercial makes three broker facing appointments
Axa Commercial has made three additions to its senior team with two of the people coming from Allianz and Aviva respectively.
Aviva calls on UK government to act on being climate-ready
Aviva has released a new report which lays out how the UK government and financial institutions can become more climate-ready and that SMEs need support to take climate action.
Qlaims extends its capacity deal with Great American International
Managing general agent Qlaims has extended its partnership with Great American International Insurance (UK).
JMG buys Premier Insurance
JMG Group has bought County Durham insurance broker Premier Insurance.
Commercial Express launches residential property owners scheme
Commercial Express has launched a residential property owners product, Let Secure, underwritten by Covéa.
Stark drop on most schemes at renewal and for commission earnings
Data provided by SchemeServe has revealed a considerable drop across the board on most schemes with the biggest falls being in cyber.
People Moves: 31 October - 4 November 2022
Keep up to date with the latest insurance personnel moves.
Gallagher rebrands Innovu and buys Doyle Mahon in Ireland
Gallagher has bought Irish broker Doyle Mahon and revealed the Innovu deal is now fully integrated with the rebrand set to complete next Monday.
‘Ridiculous’ – FCA fair value broker paperwork hours revealed
Calculations by the British Insurance Brokers' Association have shown brokers are working thousands of hours to complete fair value assessments.
Servca buys healthcare insurance specialist
Lloyd’s broker Servca has bought Medicas, an independent health insurance specialist, for an undisclosed sum.
Buildings insurance drops out of FOS’ top five complaints table
Complaints to the Financial Ombudsman Service about buildings insurance were down fractionally at 1,621 in the second quarter as it fell out of the top five most complained about products.
Marsh reports easing of UK commercial pricing rises
Commercial insurance pricing in the UK rose by 7% in the third quarter, according to research by Marsh.
Premier League clubs continue battle against insurers in BI court case
Premier League clubs are continuing their battle against insurers Allianz, Aviva, CNA, Liberty Mutual, MS Amlin and Zurich in a dispute over business interruption payments.
Dickson & Co buys Jim Burton Insurance Services in Armagh
Dickson & Co has expanded its network of offices in Northern Ireland to eight with the purchase of Armagh-based Jim Burton Insurance Services.
Commercial Express and Arag team up on broker schemes
Commercial Express and Arag have partnered up to provide commercial legal protection to brokers serving a range of retail and wholesale business clients, as well as emergency assistance and legal protection to residential property owners.