News
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.
Ageas confirms job cuts in Bournemouth
Provider says the decision follows a shift in how customers want to interact with the business and that no broker-facing roles are affected.
People Moves: 28 June- 2 July
Stay up-to-date with the latest job changes in the world of insurance.
More acquisitions in the pipeline after Jensten closes largest deal to date
CEO Alistair Hardie discusses Jensten's acquisition strategy and why Tasker "fits the bill" for what the business is looking for.
Biba enhances travel scheme cover
A Covid-19 extension has been added for vaccinated people travelling to certain countries.
Partners& buys loss adjuster Kudos
The broker hopes that the purchase will offer clients and insurers a better overview of risks.
Market moves - July 2021
The latest recruitment news from around the industry
Peter Blanc named as next CII president
He will take over the role from Aon UK boss Julie Page in January.
Aviva to invest millions in GI growth
The new UK GI CEO, Adam Winslow, highlights broker support as he flags “millions” in investment going forward as the insurer focuses on growing GI’s role within the group.