News
Biba zones in on resilience in 2021 manifesto
Manifesto includes a number of commitments from the broker trade body, covering areas including underinsurance as a result of the pandemic, IPT, cyber insurance and signposting to help customers access insurance.
Jensten to accelerate M&A pace
CEO Alistair Hardie explains how the business is planning to grow in 2021.
Pen launches specialist fleet claims service
The proposition is designed for policyholders who transport hazardous goods.
Jensten acquires Packetts
The deal adds £13m in GWP to Jensten Group which is targeting £500m in GWP.
Blog: How can insurers support brokers and allow staff to work flexibly?
Zurich's David Martin reflects on how Zurich manages to balance the two as more providers move to flexible working for staff.
Iprism unveils e-traded excess of loss product for SMEs
MGA says new offering was developed in response to broker demand.
Ceta adds Ergo UK to insurer panel
Business says the move will strengthen its range and depth of cover within landlord insurance.
Markham teams up with AIG on crisis cover
The policy extension includes cover for criminal risks including abductions and blackmail, political risks such as terrorist attacks and war as well as catastrophic risks.
Interview: Specialist Risk Group
CEO Warren Downey tells Sian Barton why SRG has something different to offer than the other players in the M&A space.
People Moves: 1-5 February 2021
Stay up-to-date with the top personnel changes in the insurance industry.
Covid claims push Beazley to $50.4m loss in 2020
COR deteriorates to 109%, but the provider says its outlook is positive as it also posts 19% rise in GWP.
Reported ghost broking cases rose by nearly 10% in 2020
IFED warns of ghost brokers exploiting the pandemic, with fraudsters targeting victims on social media.
CII survey reveals impact of Covid-19 on mental health
Head Lines: Body publishes good practice guidelines after a majority of insurance professionals say they have struggled with their mental health during the pandemic.
Partners& establishes North East base
The broker takes Marsh branch director to head up the newly-developed team in the region.
Private equity behind 71% of UK broker deals in 2020
Exclusive: Mazars' Simon Fitzsimmons discusses why the broking sector is attractive to private equity and international investment and predicts we will see fewer larger deals in 2021.
Applied extends Google partnership
The move develops the software house’s access to cloud technology.
Ardonagh buys specialist PI broker
Hera Indemnity, which specialises in professional indemnity insurance for solicitors and brings GWP of £41m, will become part of Ardonagh Advisory alongside brands including Ethos Broking, Broker Network, Compass UK and Towergate's regional branch…
Pen Underwriting launches standalone terrorism product
MGA says the new offering is part of its strategy to broaden its product suite for UK brokers, as it works towards its £1bn GWP target.
LexisNexis unveils customer data management product
New offering pulls together data from multiple touchpoints, including quote, renewal and claims, to help brokers and providers build a comprehensive representation of their customer as well as find cross-selling opportunities.
Newcastle-based MGA Generation bought by Arden UW
The combined group, part of Belfast-headquartered Willis & Company, will trade under the Generation brand and plans to expand its footprint across the UK.
Government seeks views on changes to Flood Re
The proposals include giving Flood Re the ability to offer discounted premiums to households that have fitted flood resilience measures to their property.
Reports point to e-trading surge among brokers
Coronavirus and tech drive in the Lloyd’s market have accelerated the adoption of e-trading in 2020.
Complete Cover Group reveals return to profit in 2019
The broker's turnover fell but adjusted Ebitda grew in 2019 according to its latest set of financial results, as the business also comments on its sale to Ormiston Holdco in early 2020.
FCA launches policychecker for BI customers
The regulator has developed the tool to help policyholders find out if their wording is affected by the Supreme Court's coronavirus ruling.