News
Compass London Markets teams up with Bishopsgate Insurance Brokers
Parent company Ardonagh says move will give UK brokers access to the Lloyd's market and follows its deal to buy Compass owner Bravo Group in August 2020.
GRP buys Birmingham broker
Global Risk Partners (GRP) has purchased Newstead Insurance Brokers for an undisclosed sum.
Saga Insurance CEO exits
Group CEO Euan Sutherland takes over on an interim basis while the business searches for a replacement for Cheryl Agius, who is stepping down for personal reasons.
Aston Lark buys superyacht specialist broker
Lloyd's broker CRS Yachts will join Aston Lark's European business.
Partners& buys Focus Oxford Risk Management
The business specialises in science and technology and private clients.
Brexit deal “no use” to brokers
As expected the thin agreement offers very little clarity for the UK broker space.
European Commission to review $30bn Aon/WTW deal
Aon confirms the European watchdog has launched a Phase II review of the merger but insists it is still "on track" to close the combination in the first half of 2021.
Ataraxia backs merger of Alan Stevenson Partnership and Seacombe Insurance Brokers
Peter Cullum-backed Ataraxia and Minority Venture Partners have both invested in the merged broking firms which are based in Altrincham.
Admiral sells Confused to Zoopla-owner for £508m plus accrued value
Zoopla parent ZPG Comparison Services Holdings finally snags an insurance aggregator after Go Compare rejected its advances in 2017.
Brunel Group opens new office in the North East following CEO relocation
Brunel Group has expanded into North East England with the opening of a new office in Stockton-on-Tees.
Specialist Risk Group bought by private equity
Miles Smith-owner has been purchased subject to regulatory approval.
Q&A - Ian Donaldson
The Atlanta CEO reviews the past 12 months and concludes 2021 should be about more than Ebitda and KPIs.
Marmalade unveils pay-as-you-go policy for young drivers
The product, which the broker claims is the first of its kind in the UK, is underwritten by Ageas and uses specialist smartphone telematics technology to record how users drive.
Worry+Peace launches new platform
The business says the tool, which is targeted at brokers, insurers and MGAs, is designed for non-core business lines where a fully e-traded system would be too expensive.
Q&A - Allianz's Sarah Mallaby
Mallaby reviews 2020 and looks to 2021 in our quickfire Q&A.
RSA directors urge shareholders to vote in favour of Intact/Tryg takeover
Shareholders are set to vote on the deal, which would see the UK part of the business sold to Canadian provider Intact, in January.
Q&A - Michael Rea
The CEO of UK retail, Gallagher weighs in on a turbulent 2020 and looks ahead to next year.
Lloyd’s and Parsyl launch insurance for distribution of Covid-19 vaccines
Public-private collaboration, including 14 global (re)insurers, addresses critical risks faced by Covid-19 vaccines and other health commodities during distribution
FCA bares teeth on insurance product value as it launches thematic review
Brokers have just three weeks to respond to the watchdog as it zones in on Covid-19 response, product value and customer service.
BI test case Supreme Court judgment expected next year
The FCA has said that no judgment will be handed down before January 2021.
Fresh sellers hit back and deny misleading Kingfisher
The group issued a raft of denials and counter claims following Kingfisher accusations of misconduct, data breaches and misuse of the MyLicence platform.
CFC updates UK terrorism and sabotage product
The policy now provides cover for loss of attraction and loss of rent or business interruption sustained in the event of a threat of terrorism or sabotage, as well as bodily injury and property damage liability.
Increases in insolvencies, cyber-attacks and litigation named as top threats for D&Os
AGCS says the pandemic has made the D&O insurance market an increasingly difficult space, with more insolvencies predicted for the first half of 2021.
Hiscox confirms CFO
Tom Shewry has been confirmed in the role.