News
Daulby Read reveals deal-making plans
MD Peter Goddard tells Insurance Age about the firm's mission to keep broking "at the heart of the community" and discusses its recent purchase of Townsends Insurance Brokers.
FCA counsel argues "insurers took the plunge" on disease clause
The Superme Court hearing of the business interruption test case continued for the third day as lawyers compared coronavirus to the Great Storm of 1987.
Catlin’s Convex adds $1bn to coffers
The move means the insurer has raised $2.7bn in the past 18 months.
Blog: Change the front page
Biba’s Steve White considers the impact of recent headlines that don’t reflect the real truth about insurance.
Insurer QC accuses FCA of "hair splitting wordsmithery” as Supreme Court showdown continues
Insurers and the regulator set out their starkly differing views on the use of trends clauses on day two of the ongoing business interruption test case hearing at the Supreme Court.
Hastings sale to Finnish/South African consortium completed
Takeover, which valued the business at £1.66bn, sees Hastings delist from the London Stock Exchange.
RSA suitors agree cash offer
RSA board says it will recommend the £7.2bn deal to shareholders as Intact and Tryg take next step to buy and split the insurer.
SSP confirms system disruption as brokers struggle to access Pure Broking
Software house says the situation is being investigated by engineers and is a "top priority".
Aon seeks European Commission approval for $30bn WTW deal
The EU watchdog is to make a decision by 21 December 2020.
Aston Lark buys two brokers from Risk Alliance Group
Risk Alliance in Bingley and Belfast-based Risk Alliance International bring a combined GWP of £12m to Aston Lark.
Insurers launch their appeals as FCA BI Supreme Court battle begins
The Supreme Court heard arguments from lawyers representing QBE, Argenta and MS Amlin on 16 November as insurers began their appeal of the September judgment handed down in the FCA’s business interruption test case.
Ardonagh Specialty reshuffles management team
Broker makes series of promotions as it revamps its top team.
People Moves: 16 - 20 November 2020
Keep up to date with the latest market moves.
Lloyd's to review the future of its underwriting room - report
The market says underwriting room is "here to stay" as the Daily Mail reports that a consultation next year could see the room scaled back.
SchemeServe adds open APIs to platform
The function allows brokers to add Application Programming Interface to products themselves without the need to pay for additional development from the software house.
Ageas reports 94.6% COR
The provider said Q3 numbers were “healthy” and reflected lower claims frequency and strong prior year releases.
Intact secures billions in funding as RSA sale talks forge ahead
If a firm offer is made Intact will buy RSA's Canadian and UK & International operations.
RSA launches FNOL commercial claims portal
Provider says new platform had been built in collaboration with brokers and designed to simplify the claim reporting process.
Arch unveils UK regional marine hull and machinery product
Offering was designed exclusively for fleets and single vessels operating throughout inland and coastal waters of the UK and Western Europe.
Generali develops PI for SMEs
The product is available to UK brokers and aimed at SMEs and the self-employed.
Blog: What’s the point of insurtech?
How can broker leverage insurtech products to provide the best solutions for customers? Leakbot’s Craig Foster weighs in.
People Moves: 9 - 13 November
Keep up to date with the latest market moves.
Rate hardening expected to speed up insurance sector recovery from pandemic recession
Swiss Re chief economist says the insurance industry is more resilient than expected, while the global economic outlook remains fragile.
Aston Lark buys MS Amlin division
The broker has purchased specialist marine pleasure craft insurance provider, Haven Knox-Johnston, for an undisclosed sum.