News
CFC Underwriting tops the Insurance Age broker cyber poll
Specialist company CFC Underwriting has won out, with Travelers and NMU also in close contention, as the UK’s leading eight cyber insurers are revealed based on broker opinion
Staff to vote on strike action against FCA
FCA told Insurance Age that after considering the recent feedback on its pay and rewards proposals, it now aims to announce an outcome by March.
Complete Cover Group confirms potential job losses
Motor broker says it is reviewing its approach "in line with wider market changes".
New broker NW Risk Solutions launches
NWRS, led by MD Peter Stevenson, has joined James Hallam's Appointed Representative Partnership Programme.
PIB buys Dublin-based broker
Tierneys is the consolidator's fifth investment in Ireland.
People Moves: 24-28 January 2022
Stay up-to-date with the latest personnel changes in insurance.
Lords starts hearing evidence in insurance market regulation inquiry
The House of Lords Industry and Regulators Committee kicked off its investigation which focuses on the commercial insurance and reinsurance market on 14 January.
Pen extends links with QBE for £300m capacity deal
The long term agreement is for three years and covers a range of sectors.
Bought By Many plans for further pet growth
CEO Steven Mendel admits he is seeing "lots of noise and distraction" but not enough innovation as he highlights the shortcomings of the pet space and the insurance industry as a whole.
Clear Group buys Ashford-based broker
Clear makes first acquisition of the year as it snaps up Kent Insurance Brokers.
Covid BI claims payments now at £1.3bn
FCA data shows providers have now made initial payments worth £329.4m and final settlements of £967.9m.
Acrisure highlights £1bn GWP aim as it moves to "disrupt" UK broking
President of UK Retail, Mark McIlquham, tells Insurance Age about the US-headquartered broker's UK expansion plans and reveals it is targeting £1bn in GWP within five years.
Brokers face staff shortfall amid Great Resignation
Analysis: Brokers warn the industry is facing a skills shortage as they struggle to fill gaps despite reports of more people looking for new jobs after the pandemic lockdowns.
Blanc exits Hastings board as Mark Cliff steps in
The former Brightside boss has joined Hastings as non-executive director following Peter Blanc's resignation prompted by the Aston Lark-Howden deal.
Insurers face another Covid-19 business interruption action group
The grouping of bar and restaurant owners is set to launch another test case, this time against RSA and QIC Europe, focusing on recovering indemnity for the UK’s multiple lockdowns.
Howden reports 48% revenue rise for 2021
The broker, which recently bought Aston Lark, also reveals organic growth of 19% for the year.
Allianz appoints regional branch manager
The insurer revealed that Karen Boothroyd had been appointed to the newly created role as part of its commercial regions reshuffle.
Broker turned Tory MP Christian Wakeford defects to Labour
Wakeford says the best interests of his constituents are better served by the Labour Party as he slams Prime Minister Boris Johnson and the Conservatives for being "incapable of offering the leadership and government this country deserves".
First Underwriting eyes £130m GWP
The MGA is also looking to expand into fresh product lines following its £1bn capacity deal with Accredited.
Former Stackhouse Poland director joins Partners&
James Agnew, who co-owned Stackhouse Poland between 2001 and 2019, is now partner, private client, at Partners&.
CBPE completes Direct Commercial deal
After receiving backing from CBPE, the MGA will sit alongside Carraig Insurance under Direct Commercial Group.
UK car insurance premiums rose 5% in Q4 2021
Despite car insurance dropping by 6% in 2021, the final quarter of the year saw the first increases in premium since 2020.
Aviva to boost underwriting team in move to invest in regional brokers
Chief distribution officer Gareth Hemming says the provider is initially planning to increase the size of its underwriting team in the regions by 10%.
H&H Insurance buys Tynedale broker
Tynedale Insurance Services was founded in 2015 and is based in Hexham.