News
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.
Zurich launches mental health tool
Head Lines: The provider has developed a free tool that firms can use to identify and manage the mental health risks associated with their workforce.
Dave Clapp takes over as MVP and Ataraxia CEO
James McCaffrey is to retire but will retain a non-executive interest in the Peter Cullum-owned insurance investor.
FCA spent nearly £4m on dual pricing market study
Staff costs made up most of the total spend as the FCA also reveals it received 101 responses to its consultation paper outlining proposed remedies, which included a ban on dual pricing practices.
Direct Insurance becomes Aventum
It’s UK broker operation, Direct Insurance London Market, has been re-named Consilium as part of a business restructure as the group teases M&A plans.
GRP completes Marsh Networks deal
The networks business has been rebranded to Hedron and will continue to be led by David Hopwood who has joined the GRP executive team.
PIB-owned Cobra "on track" to reach 2021 growth target
Following Les Brewin’s comeback into the industry, Insurance Age looks into what his ambitions are for Cobra, how the network has been "reinvented" since being taken over by PIB, and what CEO Andy Tedstone has in mind for the company's future.
"No silver bullet" to fix industry reputation after BI backlash, says MGAA's Keating
Keating discusses the business interruption test case and the FCA's £7.5m special levy to recover the costs as he urges brokers, MGAs and insurers to pull together and rebuild trust in the sector.