News
R&Q agrees £482m sale to Brickell
The deal would give shareholders a premium of around 20% on yesterday’s closing price.
Lloyd’s picks 11 for latest lab cohort
The insurtechs have been selected based on solutions geared towards four key themes: decarbonisation and climate change; supply chains; data and models; and claims.
Q&A: Julie Rayson-Flynn – Brokerbility director
The Brokerbility leader shares her hopes and plans for the next 12 months as she tackles the challenges and opportunities for networks and federations in 2022.
KGM buys Eridge Underwriting Agency
The MGA forecast the combined business will underwrite £175m in gross written premium this year.
Axa opts not to appeal BI ruling in Corbin & King case
The insurer said it is working with the restaurant group to finalise the claim as quickly as possible as well as looking at the impact of the court’s decision on other declined claims.
Pool Re boss Julian Enoizi to join Guy Carpenter
Enoizi will join the reinsurance broker on 11 April.
Gallagher unveils suite of UK retail leadership changes in the South
All of the new roles will report to Gary Fletcher, managing director of the South for Gallagher’s UK retail division.
Beazley revamps underwriting team structure
Cyber risks to become a standalone division as part of the changes.
FOS insurance backlog stretched to over 9000 cases
Across financial services the ombudsman had nearly 5000 cases open for more than two years.
Occam completes Beech buy
The deal was first revealed in October.
Blog: The opportunity in M&A insurance
There has been no shortage of mergers and acquisitions stories over the past 12 months and not just in the broking sector. Despite all the deal headlines M&A insurance has had little airtime so CFC’s Joe Perrett runs the rule over the opportunities for…
Mark Coffey leaves Atlanta
The director of trading had been with the firm for nearly four years.
FCA warns of Direct Line clone
Regulator flags Direct Line Sustainability to customers.
Markel adds Mark Plews from Hiscox as director of underwriting
He is replacing Simon Fells who is retiring.
Euler Hermes rebrands as Allianz Trade
The provider has been fully part of Allianz Group since 2018.
Igo4 creating 100 jobs in Peterborough
Firm targeting 30% new business growth this year with expansion across core markets, mainstream motor and the launch of insurance for electric hybrid vehicles.
Lloyd’s CEO John Neal in hospital after cycling accident
The marketplace’s leader is expected to make a full recovery after sustaining serious injuries.
Tempcover to sell up to Uswitch and Confused owner RVU
The broker completed an MBO at the start of 2018.
Regulatory changes set to bite
Former FCA insider, Michael Sicsic, highlights that developments from the watchdog will hit home in 2022.
Zurich drops ‘Z’ logo in wake of Ukraine invasion
The provider has stopped using the logo on its social medial channels.
Blog: The power of TOBAs
Legal expert, Tim Johnson of Browne Jacobson, considers how recent legal rulings highlight the need to ensure Terms of Business Arrangements between parties are always 100% clear.
Ex-Swiftcover founder and Axa boss Steve Hardy to lead Policy Expert
QMetric Group CEO Sanchit Suri has left the business.
Saga reports drop in broking GWP and profit
The group sold Bennetts in August 2020.
Hagerty launches motorsport insurance in the UK
The organisation is working with Gullwing Racing Insurance.