News
Marsh McLennan responds to reports it is broking for oil pipeline project
Marsh McLennan has declined to confirm if it is arranging insurance for the East Africa crude oil pipeline but said it recognised the importance of a “secure energy supply” and flagged its commitment to helping businesses develop low-carbon models.
FCA warns on Broker Express clone
The Financial Conduct Authority has warned of a clone of Broker Express with fraudsters using or giving out details as part of their tactics to scam people in the UK.
Aviva enters exclusive discussions to buy Azur’s HNW operation
Aviva has opened exclusive negotiations with specialist managing general agent Azur Underwriting to buy its high net worth personal lines business in the UK and Ireland.
2022 Empower Ethnic Minority Executives list names insurance stars
Four people from Aviva, Beazley, Sompo International and Axa XL have made the listing of 100 executive role models.
Zurich to sell Russian business to local team and exit market
Zurich Insurance Group has agreed to sell its Russian business to 11 members of the unit’s team.
RSA re-jigs leadership team to bring customer operations and claims together
RSA has promoted Karl Helgesen to chief operating officer with Louisa Leonard becoming managing director for personal lines to replace Kay Martin who is retiring.
FCA speeds up permission removal process
The FCA has confirmed it will use new powers to cancel or change more swiftly the regulated activities firms are permitted to do as it bolsters its ‘use it or lose it’ initiative.
Gallagher to rebrand Coleman Marine
Gallagher will rebrand Coleman Marine as Gallagher on 30 May.
Income and Ebitda up at Ardonagh Advisory in Q1
Ardonagh Advisory has posted a surge in income for the first three months of 2022 to £95.5m.
Michael Gove slams "neither fair nor decent" high premiums for leaseholders
Michael Gove, the Secretary of State for Levelling Up, Housing and Communities and Minister for Intergovernmental Relations has pledged to reduce premiums for leaseholders amid the Financial Conduct Authority’s study into the market.
Hug Hub to launch broker extranet service
Insurtech Hug Hub is to rollout an extranet service this summer in a move it said would save commercial brokers up to 75% of the processing cost in placing e-traded SME risks.
Aviva grows UK GWP by 4% in Q1
Aviva has posted a 4% rise in UK gross written premiums for the first quarter of 2022 to £1.24bn but a deteriorating combined operating ratio of 99.4%.
Aviva halfway to regional underwriter recruitment target
Aviva has added a net 20 new underwriters to its underwriting team in the regions, chief distribution officer Gareth Hemming told Insurance Age.
People Moves: 16 - 20 May 2022
Keep up-to-date with the latest job changes in insurance.
PIB adds to Spanish portfolio
PIB Group has bought Spanish broker Tractio.
Das LEI reports comprehensive £4.3m loss for 2021
Das Legal Expenses Insurance Company made an underwriting loss of £2.1m for the full year 2021 according to its solvency and financial condition report.
Premier League football clubs open court claim against insurers
A suite of football clubs including Arsenal, Aston Villa, Brighton & Hove Albion, Leicester, Liverpool, Tottenham and West Ham have filed a claim in the commercial court against Allianz, Aviva, CNA, Liberty, MS Amlin and Zurich.
Burnley and Blackburn CII branch to close
The Chartered Insurance Institute of Burnley and Blackburn is to close its doors, Insurance Age can reveal.
Deals poised to come to fruition, says Markerstudy leader Gary Humphreys
Markerstudy is keen to push on with further buys after securing BGL Insurance and Clegg Gifford at the turn of the year, according to group chief underwriting officer Gary Humphreys.
FCA warns on Allianz Global Corporate clone
The Financial Conduct Authority has issued an alert that fraudsters are claiming to be Allianz Global Corporate and Speciality SE, the European Economic Area authorised firm.
CII posts £4.4m loss for 2021
The Chartered Insurance Institute has revealed a return to operating surplus but a £4.4m group loss for 2021 as it was hit by pension costs of £6.64m and a tax charge of £1.98m.
County Group make third deal of the year with Marsh and Co
County Group, which is part of GRP, has purchased broker Marsh and Co, and its MGA, Ginger Markets, for an undisclosed sum.
Aviva takes Ryan Birbeck from Axa as Karen Jackman departs
Karen Jackman, regional distribution director, has decided to leave Aviva after a career spanning 31 years and the insurer has also recruited Ryan Birbeck as regional broker director, Insurance Age can reveal.
Home insurance prices fall to record lows, says ABI
The average price paid in the UK for buildings insurance in the first quarter of the year dropped by 7% compared to Q1 2021 with contents insurance down 11%, according to the latest Household Insurance Premium Tracker from the Association of British…