News
Ecclesiastical adds to HNW offering
Specialist insurer Ecclesiastical has launched a new enhanced Art and Private Client policy to the market.
Worries remain on subsidence but claims volume still uncertain
Earlier this month LV released figures showing that subsidence cases were up by 205% between June and July, and warned that they were likely to increase even more.
Romero on track to double its business
Managing director, Simon Mabb has revealed that Romero is on track to achieve its five year plan of doubling its business by 2025.
Stubben Edge Group acquires Bonhill Group’s Business Solutions & Governance Division
Stubben Edge has acquired a division of insight and content provider Bonhill Group as it seeks to offer its brokers and their SME customers a broader service.
Allianz snaps up chief compliance officer from Aviva
Allianz Holdings has appointed Alison Rayner to the newly created position of chief compliance and corporate affairs officer, effective from February 2023.
Aston Lark buys AJ Insurance Service
Aston Lark, a Howden company, has acquired Essex-based AJ Insurance Services for an undisclosed sum.
Seventeen Group snaps up Broker Scotland
Seventeen Group has acquired Broker Scotland, a property specialist broker, for an undisclosed sum.
Insurers hit back at Covid-hit football clubs over “mistaken approach”
Insurers have argued that BI claims from Premier League clubs should be capped at £2.5m per policy amid a court battle.
Two acquisitions for GRP-owned Premier Choice Healthcare
Premier Choice Healthcare, the health insurance intermediary owned by GRP, has announced two acquisitions; Mosaic Health and PNMCO.
BGL Insurance appoints new managing director of distribution
BGL Insurance has named Laura Mullaney as managing director of distribution, a new position within the business.
Wiser Academy partners with GRP
Wiser Academy has partnered with Global Risk Partners to boost graduate development.
People Moves: 22-26 August 2022
Keeping you up-to-date with the latest insurance moves.
Nick Major to exit Aviva amid commercial lines shake-up
Aviva UK has spilt is commercial lines business into two divisions, SME and global corporate & specialty and, in personal lines, HNW boss, Simon Mobey is set to step down.
Seventeen Group buys Scottish broker CCRS
Seventeen Group has bought Glasgow-based broker CCRS for an undisclosed sum.
Urban Jungle expands into motor insurance
Insurtech Urban Jungle has launched its new car insurance service which offers both home and car cover.
Lockton warns on hospitality underinsurance
Inflation, scarcity of building materials and labour have affected valuations and businesses should review their cover according to Lockton head of hospitality, Andy Nicholson.
Blog: Insurance is interesting, it’s time to stop the negative language
Dan Cicchetti of LexisNexis Risk Solutions Insurance insists we need to change how we talk about the industry.
Truss’s mooted regulation merger plan derided
Former business secretary, Vince Cable, has attacked Liz Truss’s rumoured plan to merge the Financial Conduct Authority, Prudential Regulation Authority and Payment Systems Regulator.
Ardonagh adjusted Ebitda grows to £186m in H1 2022
Ardonagh has announced that its income rose by 37% to £595m ($791m) and adjusted Ebitda by 21% to £186m ($247 million).
Two-fifths of London businesses at risk of flash flooding
Research by Zurich has revealed that two-fifths of London businesses are at risk of being hit by flash floods as heavy rainfall is predicted to hit the capital.
Truss could merge FCA, PRA and PSR if she becomes PM – reports
Reports have suggested that Liz Truss, the contender to win the current Conservative leadership race and become Prime Minister, may consider merging the UK’s financial regulator.
Jensten flags healthy acquisition pipeline
CEO Alistair Hardie said the organisation has a series of deals in play following its buy of J. Bennett & Sons but warned that the Financial Conduct Authority can be slow to approve acquisitions.
People Moves: 15-19 August 2022
Keeping you up to date with the top personnel changes in insurance.
Markel adapts charity and community groups product
Markel has doubled the income threshold at which charities and community groups can access its cover via its eTrade facility from £1m to £2m.