News
Covid BI claims payments hit £765.8m
FCA figures show interim payments of £289.5m and final settlements of £467.2m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,152.
SMEs increasingly using credit to buy insurance
Research from Premium credit warns that Covid-19 and the increased cost of cover is pushing SMEs to use credit to buy cover as some cut down on insurance spend.
XS Direct secures UK location with Brightside MGA buy
CEO Chris McCann tells Insurance Age about entering the UK market post-Brexit and reveals the Dublin-based company’s plans for the future.
Polaris reports post-lockdown boost in SME insurance volumes
The organisation says the number of policies traded on its imarket solution reached a record high in March 2021, after volumes dropped in 2020 when businesses closed due to the pandemic.
Saga appoints CEO
Steve Kingshott joins from Tesco Bank to replace Cheryl Agius who left in January.
Aston Lark Ireland seals fresh deal in Dublin
The Dublin-based broker, which specialises in both personal and commercial lines, is the consolidator’s fourth deal in Ireland this year.
Clear furthers expansion with Anderson White buy
The acquisition of the Horsham-based broker is said to strengthen Clear’s presence in the South East.
Blog: How brokers can help insurers embrace digital assets
Ben Davis, of Superscript, explains why the industry needs to get to grips with tech currencies such as Bitcoin.
CFC launches micro M&A liability product
CFC said micro M&A transaction liability is an untapped insurance market and a clear opportunity for brokers.
Qlaims names Liz Latter as CEO
Latter, who previously worked at Saga, takes over from Malcolm Harvey who will remain with the business as founder and executive director.
Wednesbury broker dies after stabbing
A man has been charged with the murder of the 26-year-old who worked at Easy4Insurance/Bromwich Insurance.
Marsh regional director moves to Aston Lark
Robert Beere is set to join as director of Lloyd’s broker, Incepta, which was bought by Aston Lark last August.
Broker staff member "critical" after knife attack outside office in the Midlands
West Midlands Police confirmed that an incident took place near Easy4Insurance in Wednesbury as victim is believed to be a staff member at the broker.
Hiscox takes from RSA for head of art and private client role
Cheralyn Perry, most recently partnerships director at RSA, takes the newly created position.
GRP-owned Crotty buys Martin Insurance
Deal is Dublin-based Crotty's first since it became GRP's Irish hub business last year.
FSCS declares unrated Gefion has failed
The troubled Danish insurer, which sold motor policies via brokers and MGAs in the UK, went into liquidation last year after its insurance license was withdrawn by the Danish regulator.
RSA boss Egan commits regional broker focus following Intact takeover
Egan says RSA's turnaround phase is over as he discusses what the sale to Intact will mean for the UK and International business.
People Moves: 7-11 June 2021
Stay up-to-date with the latest personnel changes in the world of insurance.
Simply Business adds RSA to panel
The broker will offer RSA and More Than products to SME customers.
SSP staff slashed by half following Volaris deal
214 people are up for redundancy as market says Colin Greenhill joins as CEO and Kevin Wells becomes chief technology officer.
Brightside's MGA Kitsune sold to XS Direct
Deal comes after Brightside announced last November that Kitsune was to close the new business and go into run-off.
The Insurance Charities drives action against domestic abuse
Insurance Cares: Following reports of increased domestic violence in lockdown, the charity has updated its domestic abuse toolkit for employers.
Euler Hermes names Sarah Murrow as CEO for UK and Ireland
She succeeds Milo Bogaerts, who is moving to become CEO of Euler Hermes Northern Europe Region.
Ghost broking remains "significant threat", warns Aviva
Provider says general insurance fraud escalated during the pandemic as it predicts recessionary factors caused by Covid-19 have "created the biggest fraud threat to customers in a generation".