News
Third deal in a week for Seventeen Group as it snaps up Cornwall-based broker
Latest move sees specialist marine broker Christopher Rowe join Seventeen Group's stable and follows its purchases of Ryan's and Pinner Risk Solutions.
Biba conference site crashes
Delegates are unable to log in to the platform as the trade body blames wider server issues and apologises for the problems.
Interview: Allianz's Simon McGinn on challenges and opportunities in a hard market
McGinn discusses exiting certain trades amid a hard market, changing broker wordings after the Supreme Court judgment in the FCA test case and what is next for Allianz in the UK.
Aviva confirms potential redundancies amid IT overhaul
Up to 115 staff across a number of sites will be affected as the insurer looks to automate and outsource.
Axa Commercial launches Broker Learning Zone
The initiative has been developed to drive professional development for UK brokers and sits alongside the newly-developed Axa XL Broker Academy.
“Wake-up call” for brokers as FCA zones in on fair value
The regulator sends a shot across the bow to brokers about leaseholder buildings insurance as the sector is warned to look at the wider picture.
LexisNexis launches data solution for SME brokers
According to the provider, the product is designed to help small to medium sized UK brokers price more effectively, cut operational costs and improve the customer journey in personal lines.
PIB buys Jersey-based CBCJ
Consolidator says the PI specialist broker will be integrated into its Guernsey-based business as it plans to expand across the Channel Islands.
Have you entered the UK Broker Awards yet?
Submissions close on 28 May and a ceremony is set to take place in November at the largest live broking event in 2021- Broker Expo.
Seventeen Group snaps up Ruislip-based broker
Deal for Pinner Risk Solutions follows its purchase of Ipswich-headquartered Ryan's last week.
Seventeen Group set to announce two more deals following swoop for Ryan's
CEO Paul Anscombe discusses his plans for Ryan's and reveals he is increasingly getting approached by brokers looking for an alternative to the consolidators.
Ardonagh Advisory to purchase PMI specialist Usay Group
The Cirencester-headquartered business, which has 195 staff, will add to Adonagh's PMI proposition.
Armco launches Cape Insurance
The consultancy has developed a niche risk and insurance adviser for property investors, developers and the construction sector.
Seventeen Group buys Ryan's
Ryan's will become part of James Hallam as chairman Tim Ryan is set to exit.
Zurich’s UK underwriting officer exits for global role
Hayley Robinson will be heading off to Switzerland to start as group chief underwriting officer in June.
RSA takeover to be completed in May
The provider has also released its Q1 results, revealing a combined operating ratio of 86%.
FCA spent almost £7m on BI court case
The regulator brought the case to provide clarity for policyholders on payment of business interruption claims arising from the pandemic and subsequent lockdown.
SchemeServe creates scheme sharing facility with capacity from seven providers
The facility, which was developed in response to changes in insurer appetite due to the pandemic, will connect brokers and MGAs looking for capacity for new or existing schemes to a panel of providers including Axa, Ecclesiastical, Hiscox, Arag, and Pen…
Bravo Networks revamps broker proposition
The Ardonagh-owned business, which includes Broker Network and Compass, says the new structure will help grow, protect and support members as they adapt to industry pressures.
Countrywide pulls out of broker-distributed business
The legal indemnity specialist, which had been working with around 80 brokers, says it has decided to revert to a sole focus on solicitors.
Marshmallow denies stealing trade secrets
Mulsanne launched a case against the start-up in March this year and is seeking to claim £39m in damages.
Biba questions need for flexible working charter for brokers
Biba's Steve White says trade body will provide assistance if members ask for it, but a charter similar to the one launched by the ABI is not on its agenda, while brokers say they are already embracing flexible working.
People moves: 4 - 7 May 2021
The key job changes in the world of insurance this week.
Markerstudy moves into brokered home cover
The MGA has teamed up with Accredited to expand its home insurance offering.