News
ABI reiterates call for government to slash IPT
Trade body's data shows motor insurance premiums rose again in the last quarter of 2019 with increases in IPT and changes to the discount rate driving up prices.
Ardonagh eyes international growth
David Ross reveals expansion hopes and confirms more M&A targets in the UK.
FCA warns of temporary permissions deadline as Brexit looms
There will be no change to EEA firms 'passporting' into the UK from tomorrow (31 January), but the temporary permissions regime will be used if the UK and EU fail to sign an agreement by 31 December 2020.
Three become one as Marsh Commercial restructures networks business
Marsh ProBroker, Bluefin Network and Purple Partnership to become single networks proposition led by David Hopwood as Marsh Commercial seeks to align more closely with Marsh.
News analysis: Why do brokers need to care about the FCA focus on D&I?
A recent letter from the regulator could indicate that it wants to widen its remit to include diversity and inclusion. Should brokers be worried? Martin Friel reports.
Hiscox commits to regions and moves 300 staff out of London
Insurer is set to open a new branch in an unidentified location, with staff also set to move to existing offices in York and Colchester. It confirmed no broker-facing roles are affected.
People Moves Round-up: 27-31 January 2020
Keep up to date with the latest market moves.
H&R Insurance Services buys APL Insurance Services
The deal was for an undisclosed sum and concluded at the end of 2019.
Clark Thomson profits double as it sets Marsh integration date
Broker’s trade and assets will be integrated as part of Marsh in April or May 2020.
Aviva denies privacy failure after mailing error
The insurer contacted thousands of customers mistakenly calling them ‘Michael’ - reports.
Saga looking at performance and cost efficiencies
Provider states 60% of new customers are choosing its three-year fixed price product as it publishes trading update for the last six months.
Gefion's solvency falls again after order from Danish regulator
The unrated provider was told to restate information in its annual report earlier this month.
Aston Lark buys Isca Barum in first deal of 2020
Smallholding and farm insurance specialist brings £5m of GWP and 20 staff to Aston Lark.
Les Brewin to exit Marsh-owned Purple
As Brewin is set to retire no replacement has been announced for the network which became part of Marsh following its 2015 Jelf acquisition.
Blog: How does the SM&CR approach misconduct?
Nick Wilcox and Rolleen McDonnell of law firm BDBF examine where brokers may fall foul of the latest regulation to hit intermediaries.
Gibraltar regulator sheds 22 staff in cost-cutting drive
The GFSC has also restructured its management team to be “flatter, wider and more inclusive”.
Graham Coates joins Romero as NED
The former Axa and Bluefin director remains in his role at broker Hamilton Fraser.
Gibraltar’s Quick-Sure enters administration
Having stopped writing new business in 2017, the regulator estimates that only 117 claims are left to be settled.
Andy Fairchild leaves Jensten Group
The former Broker Network CEO joined Jensten (formerly Coversure) in July last year.
Hiscox adds extensions to technology cover
Provider now covers intellectual property infringement and pre-claims assistance, as well as unlimited business interruption for firms up to £2m.
FCA appoints interim CEO
Current incumbent Andrew Bailey joins the Bank of England as governor on 16 March.
Lloyd’s appoints whistleblowing champion
Angela Crawford-Ingle has joined the board of the Audit Committee as Bruce Carnegie-Brown says Lloyd’s is committed to encouraging an open culture.
Blog: How flood prevention technology can impact claims management
Jonathan Jackson, CEO at flood forecasting InsurTech Previsico, explains how new technologies can change the industry's approach to flood claims.
Keychoice teams up with NIG on commercial vehicle policy
NIG has also added two new products on SSP's commercial e-trading platform.