News
CFC unveils solution for event organisers
MGA says package allows organisers to protect the financial investment of their event.
Movo Insurance set to pass 30 members
Exclusive: The business transformed from a broker to a network and franchise model last year.
Major insurers respond to Staveley Head collapse
Staveley Head, which was mainly backed by unrated provider Gefion, advertised major composites on its website. Most of these confirmed only a handful of policies with the broker.
Broker Direct creates outsourcing arm Proficient
Solutions provider said Proficient will target personal lines firms and InsurTechs.
Mactavish warns of underinsurance in commercial property
Consultancy says that cyber elements of commercial property cover are increasingly being removed.
Romero Group earnings rise in 2019
Broker posted rises in income and Ebitda of 10.5% and 11.7% respectively.
Blog: The future of insurance and cryptocurrency
James Croome, vice president, fine art and specie, Arch Insurance International, considers whether the insurance market is willing and able to support cryptocurrency-related cover.
Gefion disputes claims from administrator after Staveley Head collapse
Danish provider says it "takes issue" with claims that it had prematurely ended its contract with Staveley Head, causing the broker to go into administration.
Romero invests in wellbeing start-up
Head Lines: Announcement follows launch of Insurance Age’s ‘Head Lines’ campaign last month.
Consolidators behind half of broker deals in 2019
Exclusive: Research from Mazars shows 83% of brokers feel that the current levels of consolidation are sustainable.
Beazley profits jump as COR worsens to 100% in 2019
CEO Andrew Horton says provider is committed to regional brokers through its Birmingham office despite recently pulling out of UK regional marine.
Directors of bust Staveley Head paid themselves £600k in 2019
Ashley Peters and Martin Tyler also reorganised the collapsed firm and its share capital. As part of the reorganisation, it became a wholly-owned subsidiary of Gelert Group and a £2m dividend was paid to Gelert. Policy Plan also paid £8m to Gelert.
CLS launches planning refusal cover
MGA has worked with Team Partnership to develop the offering.
Former Gefion and Qudos user Staveley Head goes into administration
Move follows solvency issues at the broker’s main insurer as administrator initiates fire sale and says majority of Staveley Head's 85 staff have been made redundant.
Van insurance premiums rising faster than the rate of inflation
Research by Consumer Intelligence shows the average van premium has risen by 37.4% since April 2014.
Karen Beales joins LEI specialist Financial & Legal
Beales was formerly CEO at UK General but stepped down in 2018.
Applied targets 40% growth in the UK and Ireland
Senior VP of international operations, Jeff Purdy, says the software house's growth opportunity in the UK is "material" as Joe Sultana joins Andy Fairchild on its new European leadership team.
Marsh's network merger will give brokers more options, claims network boss
David Hopwood promises the business "won't ignore" members' reasons for joining a particular network.
Ignite Systems launches broker chatbot service
Yoga Insurance Services, sister company of OneCall, has signed up as the first client.
People Moves Round-up: 3-7 February
Keep up to date with the latest market moves.
Andy Fairchild joins Applied as European CEO
Software house says appointment of the former Broker Network boss is part of a plan to significantly grow its UK and Ireland operations.
GRP retains hub focus following Searchlight deal
The investment will help GRP continue to buy UK brokers according to newly promoted Mike Bruce.
Searchlight Capital Partners takes majority stake in GRP
The deal sees founders Peter Cullum and David Margrett retain a minority stake in the company alongside Penta Capital.
JLT costs reach $6.8bn at Marsh
Financial results also show that revenue grew 10.2% at Marsh in 2019.