News
LMA develops renewal clause amid Covid-19
The London Market organisation has published wording to ensure coverage continues beyond a specified renewal date as the coronavirus pandemic continues.
Pen and Markel agree £25m in equine capacity
Deal is a three-year renewal of an equine partnership that first began in 2017.
Covid-19: Brokers ban meetings and push remote working
Updated: The largest brokers in the UK revealed measures in place to protect staff and customers from coronavirus.
CII president video streams speech as coronavirus restrictions hit
Nick Turner, also a director at NFU Mutual, was stopped from attending the annual CII president's dinner after the provider banned staff from attending events with more than 100 guests.
Four Biba board members step down
Andrew Gibbons, Ashley Rogoff, Tim Ryan and Paul Anscombe have completed their stints on the board, with the trade body set to announce their replacements in the near future.
Travel brokers reveal mixed approach to coronavirus cover
InsureandGo says policies will not cover Covid-19, while Staysure continues to sell travel insurance and travel disruption cover.
Lloyd's to close underwriting room for 24 hours in coronavirus stress test
Market to test its readiness by invoking its emergency trading protocol.
Insurance Hound: Most read by brokers in January and February
Which topics have been sparking brokers’ interest?
Pen creates regional role amid broker push
The Gallagher-owned MGA has developed a manager role to focus on the Midlands and North.
LV suspends travel insurance due to Covid-19
Provider says existing customers will not be affected by the move.
Government consults on UK market access for Gibraltar-based firms
The legal framework previously in place needs to be changed due to Brexit, with firms having until 11 May to respond.
Sector escapes IPT rise in ‘coronavirus’ Budget
The decision to keep the unpopular tax at 12% has been welcomed by the insurance market as Chancellor introduces other measures to help Covid-19 hit businesses.
Acturis adds Ageas home product to platform
Personal lines product, House Guard, is now available to users of the software house.
Aon/WTW: Independent broker values set to rise following deal
Deal creates UK broker “unicorns” as Marsh moves to number two on the global broking table.
Axa caught in Instagram row after IWD paid post
Insurer faces criticism after a paid International Women's Day post by male blogger Father of Daughters.
Analysts say Aon tie-up benefits Willis Towers Watson
However, Mazars' Simon Fitzsimmons flags that the deal, which will see Aon become the largest broker in the world, still needs to be approved by the Competition and Markets Authority.
XL Catlin’s Paul Jardine joins insurtech
He has taken a position on the Worry+Peace advisory council.
A-Plan buys Cotters Insurance Brokers
The personal lines specialist has bought the Northampton-based SME commercial expert.
Aon and WTW deal expected to result in savings
Business expects to pay around $1.4bn in integration costs.
PIB makes motor trade move
The organisation has purchased a Top 100 broker to strengthen its motor proposition.
UK Broker Awards 2020 open for entries
The event, which celebrates the best in UK broking, is now accepting submissions.
Axa confirms position on coronavirus business interruption coverage
Updated: The provider won’t cover for Covid-19 unless it is specifically named in the terms as other insurers including RSA, Allianz, NIG and Ageas respond to the crisis.
Aon to merge with Willis Towers Watson to create $80bn company
The $30bn deal will see the combined business operate under the Aon brand led by Aon CEO Greg Case, with the transaction expected to go through in the first half of 2021.
Blog: Brokers on the front line of understanding SME Covid-19 exposure
As the government struggles to contain the spread of coronavirus, Lorega’s Angus Tucker, considers SME policies might respond and calls on brokers to be proactive in reviewing client policies.