News
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.
Paul Trail exits Close Brothers
The move comes just eight months after he took the MD position and has resulted in a management reshuffle at the finance provider.
Mulsanne v Marshmallow legal case to split
Court documents show the trial as to liability will take place this year after Mulsanne accused Marshmallow of stealing trade secrets.
Chubb and Marsh collaborate on Covid-19 vaccine cover
The cover will be available to individuals in 92-lower income countries in case of serious adverse reaction to the jab.
CFC creates Lloyd's syndicate
The syndicate has planned gross premium of over £100m for its first year of trading and will be managed by Asta Managing Agency.
People moves: 26 - 30 April 2021
The key job changes in the world of insurance this week.
Gallagher takes South West lead from RSA
Richard Horne has been appointed as regional director for the region at Gallagher.
Aviva opens buildings cover for properties affected by cladding to new customers
Move follows large premium increases in the market after the Grenfell fire and the provider urges brokers to sell the product net of commission on a fee basis to keep costs down.
ABI launches flexible working charter
Signatories, which include Aviva, Ageas, Allianz, Covea, Ecclesiastical, LV, and Zurich, commit to opening up the majority of their roles to flexible working, job sharing and part-time working.
Shepherd Compello appoints chief broking officer
The specialist insurance broker has chosen Steve Hart for the role.
LexisNexis urges brokers to focus on data or risk being "left behind"
The company is gearing up to launch two more products aimed at brokers in the near future.
IFB goes on attack over organised fraud
The Bureau is working with Shift Technology to build an AI-backed fraud detection system for the UK.
Inperio unveils brokers' PI product
MGA says new offering is launched in response to rising rates and concerns about availability and affordability of cover after several providers introduced Covid-19 exclusions.
Right Choice to buy Bennetts
Bennetts has finally found a home after Ardonagh divested its purchase of the motor specialist last year following a CMA investigation.
Network veteran, Les Brewin, joins Cobra
Purple-founder Brewin has been lured out of retirement to join the PIB-owned network.
FCA confirms MGAs are exempt from £7.5m BI special levy
The regulator has reissued its consultation paper on fee rates for 2021/22 after the initial document wrongly said that MGAs were expected to contribute.
Covéa adds Das UK cyber cover to HNW home proposition
The development adds cyber assistance, cyber crime cove, legal and risk management assistance, and a helpline to the offering.
What the FCA travel rules mean for brokers
The new rules that affect travel insurance providers come into force on Monday, 26 April.