News
Sutton Winson snaps up health and protection broker
Broker says acquisition of Flexible Health will allow it to expand its private medical insurance offering to individuals.
FUW Insurance Services hires ex-MP as managing director
Guto Bebb to join the Welsh farming specialist broker in April.
Ardonagh buys Rural Insurance Group
Ardonagh's Geo Underwriting has exchanged contracts to buy the trade and assets of the agriculture specialist.
Profit falls at Hiscox as COR reaches 105.7% in 2019
Provider reports growth in GWP, but admits household broker business in the UK has been impacted by “tough pricing action” following an increase in claims.
ERS says Ogden drove up COR in 2019
Profit and GWP improved at the motor provider.
Pool Re set to become part of the government
Pool Re to operate as it currently does until 31 March 2021, while a range of options are considered.
The Insurance Age Podcast: 28 February 2020
The Insurance Age team chat about the most popular news stories of the week.
Lloyd's Hancock to replace Townsend at AIG
Jon Hancock's departure from Lloyd's was announced in January.
RSA is "getting its mojo back" says UK boss Scott Egan
Egan points to growth in RSA's regional commercial broker book as UK business moves back into profit.
Miles Smith owner SRG planning several more deals this year
Exclusive: Group CEO Warren Downey, who joined from JLT last year, outlined the firm's M&A plans.
RSA reports “strong results” after “disappointing” 2018
Performance at group and UK & International level improved and COR was 95.0% as the business noted the impact of discipline and portfolio exits.
Hastings posts profit drop after "challenging" 2019
CFO John Worth said results were driven by elevated claims as the business reports rising GWP in every division except van.
Lloyd's outlines priorities for 2020
CEO John Neal says the corporation has raised £300m in debt to fund Future at Lloyd's programme as he admits Lloyd’s is “bound to go down some blind alleys” as it seeks to transform.
Direct Line’s Ipswich office to close amid redundancy plan
The provider confirmed that the Manchester office is also set to be down-sized as the insurer seeks to cut around 800 jobs due to digital drive.
Ethos Broking announces senior promotions
Vincent Gardner, Alan Sumner, and Peter Foster will also join Ethos Broking’s executive team.
FCA under attack for "comprehensively and scandalously" failing consumers
Regulator rejects claims from Gina Miller's True and Fair Campaign, stating they contain “numerous inaccuracies", as campaigners call on the Chancellor of the Exchequer to review Andrew Bailey's appointment as governor of the Bank of England.
FCA admits "mistake" after it accidentally shared private complainant data
The names, addresses, and telephone numbers of certain FCA complainants were publicly available between November 2019 and February 2020.
Ageas adds distribution director for regional brokers
Russell White joins from RSA and completes Ageas's broker distribution team restructure following the retirement of Chris Dobson.
FSCS declares CBL Insurance Europe has failed
The Ireland-based insurer was placed in administration in 2018 and was ordered to stop paying claims last December.
Jensten Group hits acquisition trail
Exclusive: The organisation, formerly known as Coversure, is set to buy across its retail and wholesale divisions.
Stanhope Cooper owner buys HNW broker
Exclusive: Insurance Tailors, based in Twickenham, has been purchased by the specialist broker’s parent firm for an undisclosed sum.
C-Quence's P&C launch backed by NIG
Exclusive: The MGA will launch its P&C product suite in early March, aiming to eventually target 21 industry sectors.
Allianz committed to "under-performing" commercial property business
UK CEO Jon Dye comments on the insurer's financial results for 2019 and discusses broker support and acquisitions.
Gallagher to offer CPP’s SME cyber cover
Product will be sold exclusively through Acturis, following CPP’s launch on the platform in October 2019.