News
Marsh Commercial and DRP agree settlement in legal dispute
Jelf, now Marsh Commercial, had last year accused DRP and three former Jelf employees of orchestrating a coordinated team move, breaching contracts, soliciting Jelf’s clients and using Jelf’s confidential information.
Q Underwriting extends Aviva capacity in £200m deal
The specialist underwriter confirmed the renewal of key binder Aviva, plus, developments to its Covéa-backed contractors combined product.
Axa branches to move to mid-market focus
Jon Walker explains how the regional network will develop as some offices are set to become specialist call centres.
Pandemic pushes Lloyd's back into full year 2020 loss
Market forecasts customer pay-outs in relation to the Covid-19 will reach £6.2bn on a gross basis.
Call for clarity on final rules amid FCA dual pricing extension
The regulator's plan to ban the loyalty penalty is met with approval from the industry, but some criticise the FCA's approach as firms still do not know what the final rules are.
Aviva adds cyber product to Fast Trade
The cover is designed to help small and medium enterprises combat the increasing threat of digital crime.
Towergate buys AFL Insurance Brokers retail book
The move follows Specialist Risk Group’s acquisition of its wholesale division.
East West collapse: Administrator report shows £164.7m deficit
The building guarantee specialist insurer was forced into administration in 2020.
Aon details plans for its board ahead of AGM
Document outlines two separate scenarios based on whether or not the WTW deal goes through before the meeting in June.
Needham develops administration and integration service
The new offering is designed to protect policyholders and insurers or MGAs when a broker ceases trading.
Commercial underwriting agency, CoSaint AG, goes live
The organisation has launched its first product for the motor trade combined market, backed by NIG and Covéa, and developed an online liability portal.
Ex-Towergate and Aviva boss Mark Hodges to join RSA
Hodges will become chair of RSA UK&I once the proposed sale to Intact is completed.
Ardonagh's Ross "incredibly frustrated" with CMA over Bennetts
The CEO describes the experience, which saw the deal divested following CMA interventions, as an "extraordinary waste of money" as Ardonagh publishes 2020 results.
Insurtech So-Sure expands into home insurance
The insurance startup company, which is known for its gadget insurance, is now offering its customers home insurance as well.
Ardonagh’s Ross “angry for the industry” over "ill-informed" BI backlash
Ross says an industry working group was “on the cusp” of solving the issue around Covid-19 BI claims, when the opportunity was “taken out of our hands” due to the FCA’s test case.
Chris Giles steps down as PIB chairman
Giles, who helped create the business, remains an investor.
Ardonagh reveals £217.5m cash paid for deals in 2020
The figure includes its buy of Bravo Group, which owns Broker Network and Ethos, and its Arachas acquisition.
FCA targets wrongdoing with whistleblower campaign
The watchdog is encouraging financial services staff to report issues as part of the ‘In confidence, with confidence’ push.
Aston Lark broker renovation portal “a good step forward”
The business is also offering online training to brokers in the “daunting” renovation space.
Wrisk, Cover Genius and Iotatech named in Impact 25 report
The report, by Oxbow Partners, highlights the top insurtech providers who could make a difference in the insurance space.
Das UK launches Ride Across Britain challenge to raise money for Alzheimer's Society
Ten riders from across the industry are set to cycle 980 miles from Land’s End to John O’Groats to raise at least £25,000 for the Insurance United Against Dementia campaign.
FCA reveals insurer claims payouts following BI test case verdict
Regulator says providers have paid out £192.1m in interim payments for unsettled claims and £279.8m in final settlements at it reiterates order to pay out quickly.
Vista Insurance Brokers launches North West subsidiary
The fresh division is set to focus on construction, manufacturing, import/export, engineering, and haulage.
FCA extends dual pricing timetable
Following consultation the regulator has given firms fresh deadlines to implement rules relating to the loyalty penalty.