News
Pandemic pushes SMEs to rely on credit to fund business insurance
Three out of four SME bosses who use credit to pay for insurance premiums have said that the impact of COVID-19 is the main reason for increased borrowing, Premium Credit finds.
People Moves: 1-4 June 2021
Stay up-to-date with the latest personnel changes in the world of insurance.
Zurich commits to maintaining regional footprint post pandemic
Zurich states it remains committed to supporting regional brokers and keeping its presence throughout the UK, including in Leeds, in response to speculation that it had closed its office in the city.
Sustainable insurer Parhelion to launch with backing from Howden
The provider, which is targeting a $500m capital raise, says its ESG products will meet the risk financing needs of a greener economy.
Financial and Legal launches excess protect product
The insurer says brokers can sell excess cover either as a stand-alone add on to a primary home or motor policy, or it can be tailored to protect customers across a range of excesses.
Ethos Broking buys Drayton Insurance
The deal will see Ethos expand its footprint in the East Anglia region.
Andy Fairchild leaves Applied Systems
Tom Needs takes over as European CEO at the software provider.
Industry warned of "bumpy ride" ahead after FCA confirms dual pricing ban
While insurance experts have welcomed the regulator's new rules on pricing, coming into force in January 2022, some warn that the reforms will present challenges for the sector.
RSA takeover completes
Canadian insurer Intact reveals its plans for RSA's UK and International business as it makes its first move into the UK market.
Partners& targets £400m in GWP
Following its purchase of Town and Country, CEO Phil Barton tells Insurance Age about the broker's hub strategy, reveals plans for further growth and discusses how the pandemic has highlighted the need for brokers to provide better advice.
Colm Holmes "great fit" for Allianz as brokers praise outgoing boss Jon Dye
News of the management shake-up left brokers shocked and surprised, but experts say Holmes will be good for Allianz while they remain confident that Aviva boss Amanda Blanc will keep the ship steady despite recent exits.
FCA wraps up rules on dual pricing ban
The regulator has said that the new rules on pricing, auto-renewal and data reporting remedies come into effect on 1 January 2022.
Dive In calls for active allyship as it confirms dates for 2021 festival
The seventh edition of the global festival for diversity and inclusion will take place on 21-23 September.
Ardonagh to buy BGC's insurance business for $500m
The deal includes Ed Broking Group and Besso Insurance.
High Court approves RSA sale
The £7.2bn takeover of RSA by Intact and Tryg was announced last year.
Government closes £10bn trade credit scheme and announces market review
The temporary measure was developed to respond to the Covid-19 pandemic as government also announces a review to ensure outcomes are good for consumers.
Pen Underwriting builds out D&O capacity
The Gallagher-owned MGA has appointed Neil Bowdrey as head of D&O.
Aviva names Adam Winslow as UK & Ireland GI CEO
Winslow replaces Colm Holmes, who is moving across to Allianz to become UK CEO.
A-Plan opens branch in Haywards Heath
The broker has said it plans to open four more branches in the next six months.
Jon Dye to step down as Allianz UK CEO
Dye, who exits in November, is to be succeeded by Aviva's Colm Holmes.
ERS gains approval for expansion into new business lines
The provider's Syndicate 1856 is moving into business classes including D&F property, marine and energy liability, political risk, terror and war, cargo and specie and professional lines, following $350m capital injection.
Biba extends PI contract with Griffiths & Armour
The broker will continue to deliver professional indemnity support to members for the next three years amid “challenging conditions”.
People Moves: 24 - 28 May 2021
Stay up-to-date with the latest personnel changes in the world of insurance.
Mulsanne accuses Marshmallow of trying to "dump" clients
In an ongoing court battle Mulsanne claims Marshmallow has proposed to "dump" its clients in what the insurer brands a "potential serious regulatory breach".