News
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.
The Insurance Age Podcast: 6 March 2020
The Insurance Age team discuss the most popular news stories of the week.
FCA aligns focus to prevent sexual harassment in workplace
Regulator also says it wants to make diversity and inclusion the norm as it seeks to embed "purposeful culture" into companies.
Sam White's Freedom expands into home with insurtech deal
Freedom Services Group's purchase of Aventus-driven broker Homelyfe was revealed earlier this week.
Aviva confirms partial pull-back from personal lines broker market
General insurance CEO, Colm Holmes, says provider has exited some "unprofitable relationships" in personal lines, but highlights Aviva will "significantly invest" in the broker channel going forward.
Ethos Broking creates Midlands hub
The organisation has purchased Perry Appleton which is based in Rugby and controls £7m in GWP.
Reserve releases drive bumper 2019 at Admiral
Increase in UK profits of £41m absorbed losses made in international insurance, Admiral Loans, and other business.
Aviva UKGI profit falls by 35%
Aviva says UK business was impacted by an alignment of the UK digital business with GI, as CEO Maurice Tulloch says provider has made "good progress" on its cost-cutting plan.
GRP-owned Sagars buys Preston broker
Anderson Ashcroft has been bought for an undisclosed sum.
Eldon signals fresh appeal after ICO fine tribunal throws out case
The broker, now called Somerset Bridge, is set to launch another appeal against the £60,000 data fine.
Biba confirms conference still on amid coronavirus concerns
Exclusive: Balloonist Bertrand Piccard and racing driver David Coulthard have been revealed as keynote speakers.
Admiral co-founder and CEO to step down
David Stevens will be replaced by Milena Mondini de Focatiis, currently head of UK and European Insurance.
Be Wiser stems losses in 2019 results
Broker posted a loss of £669,000 for 2019 as it projects a return to profitability in 2020 as a result of streamlining and reorganisation.
Biba takes action on FCA coronavirus warning
The trade body has pledged to support members as the regulator insists all firms must have contingency plans in place to deal with major issues such as Covid-19.
Coverly confirms growth plans amid redundancy threat at parent firm BFS
The SME-focused insurtech was launched by former Aviva and Brokerbility expert, Jodi Cartwright, in 2019.
FSCS to pay out on four more insurance firms
The failed firms are JB Wilcock Insurance, Benson McGarvey Murdoch, Elite Insurance Company, and Quick-Sure Insurance.
Mactavish calls for radical reform of the UK insurance industry
Consultancy says the UK insurance sector is on an “unsustainable trajectory” as it warns of a decline in broking and underwriting skills.
People Moves Round-up: 2-6 March
Keep up to date with the latest market moves.
Saffron buys Romford-based C&M Insurance
Deal is the broker's seventh since it was bought by Ethos Broking in 2018.