News
Global industry leaders set up the Net-Zero Insurance Alliance
According to the Net-Zero Insurance Alliance, insurers and reinsurers will individually set science-based targets every five years and report on their progress annually.
European Commission clears Aon/WTW merger
But the deal is still on hold as a November trial looms in the United States and the New Zealand Commerce Commission also raises competition concerns.
Motor premiums drop 8.4% year-on-year
Data from Consumer Intelligence also suggested the FCA dual-pricing regulation would see the industry experience a hard market once more.
Aston Lark buys golf specialist
Linkscover provides insurance to many golf clubs in the UK.
Admiral flags “higher than expected” profit
The business suggested low claims frequency and unusually positive developments in the cost of bodily injury claims will boost its half year figures.
Partners& boss highlights advice-led focus after Kudos buy
CEO Phil Barton reveals how the recent Kudos deal came about and discusses how the purchase of a loss adjuster will enhance the broker's client proposition.
FCA fines Lloyds Bank £90.7m for failings in home insurance renewal letters
The regulator says LBGI sent renewal communications including misleading language between 2009 and 2017.
JM Glendinning targets further growth after Bickley buy
Group CEO Nick Houghton discusses how the Bickley deal came about and reveals plans to acquire 10 to 15 more businesses in the next three to five years.
Travel broker Staysure buys Rock Insurance Group
Rock will continue to be managed as a standalone business under the leadership of MD Antony Martin.
Biba reports a 36% turnover slump due to Covid-19
The trade body was forced to cancel its conference last year and make redundancies but said that due to managing funds “cautiously” it was able to return a small surplus.
Acturis posts revenue rise for 2020
The software house also revealed an increase in operating profit for the year.
FCA puts diversity under the microscope
The regulator is consulting on policy options to drive D&I in financial services as it warns lack of representation can “weaken the quality of decision-making”.
FCA warns of Beagle Insurance clone
The watchdog said scammers were using the details of an authorised firm to defraud customers.
Police in nationwide ghost broking crackdown
Seven people were arrested following the operation by City of London Police.
Interview: Focus on service
Simon Drew and Mark Wilding lift the lid on why they left Marsh Commercial to form a new venture supported by TL Dallas.
UK boss Middle lifts lid on Ageas's restructure and job cuts
Ageas's Ant Middle and Adam Beckett discuss the provider's strategy change in response to shifts in customer behaviour, and the FCA's dual pricing ban, as the insurer aims to hit £1.5bn in GWP.
People Moves: 5 - 9 July 2021
Stay up-to-date with the latest job changes in the world of insurance.
Aston Lark adds wholesale specialist to portfolio
The broker bought London-based ES Risks for an undisclosed sum.
Marshmallow awarded costs as court battle with Mulsanne continues to rage
The insurtech start-up was also ordered to provide information ahead of a trial later this year in a legal case that centres around Mulsanne accusing Marshmallow of stealing trade secrets.
Biba launches home insurance scheme
Biba has stated that the scheme offers comprehensive cover, including unlimited buildings cover and £80,000 of contents cover with a single unspecified item limit of £5,000.
Brokers ordered to review client money arrangements
The Financial Conduct Authority has written to intermediaries to remind them it will fine businesses if misconduct occurs as it highlights key failings.
Gary Duggan named Tesco Underwriting interim CEO
He replaces Steve Kingshott, who has taken on the Saga CEO position that Duggan vacated in 2020.
Castle Insurance Services buys Seaham-based broker
MD Paul Younger says Castle has further deals in the pipeline as it targets £10m in GWP.
JM Glendinning parent buys first broker in the South
Bickley Insurance, which is based in Surrey, has been purchased for an undisclosed sum.