News
Towergate snaps up Swansea-based broker
Move follows hot on the heels of its purchase of the corporate retail book of business from AFL Insurance Brokers.
Ardonagh creates international unit led by Des O'Connor
Move comes as Ardonagh Global Partners makes its first deal in the United States.
People moves: 29 March - 9 April 2021
Stay up-to-date with the latest personnel changes in the world of broking and insurance.
Lloyd's to benefit from hardening rates as it continues to take action on underperforming business
CEO John Neal discusses Covid-19 related claims, the continuation of Lloyd's decile ten strategy and the future of the underwriting room.
Getsafe and Hiscox end contents insurance partnership
The company has chosen to team up with Wakam, deeming it “a more flexible European capacity provider.”
Atlanta buys telematics broker Marmalade
Marmalade was set up 15 years ago and specialises in drivers under 34.
Profile: Colm Holmes, Aviva GI CEO
Working together: From accountancy to insurance and from Ireland via Switzerland, the USA and Canada to London, Aviva GI CEO Colm Holmes tells Insurance Age about his global career and how brokers and insurers need to work together to face the changing…
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.