News
Motor premiums may ‘reach the highest on record’
Willis Towers Watson and Confused warn of future increases as they publish data for Q4 2019.
Markerstudy forced to go "on hiatus" for new quotes in commercial lines
Group commercial director Gary Humphreys says MGA is in talks with two potential providers after it was asked by backer QIC to find alternative capacity for its commercial SME book.
Romero and Qlaims partner on commercial property support
Broker can now offer claims support and loss recovery insurance to commercial property clients.
Claims inflation continues to bite at Hastings
Trading update reveals provider has restated its operating profit from £125m to £110m – a drop of 12%.
Pukka temporarily suspends trading
Motor MGA has reached its capacity limit with providers, according to a report.
The Blog Spot: Kicking things off
Editor, Siân Barton, considers how the insurance space has launched into 2020 and looks back to a thread from 2019 that should be picked up again this year.
Vizion establishes health and fine art divisions
Matthew Howells and Peter Bownes-Johnson join the broker as partners.
FSCS hikes broker levy up by £11m for 2020/21
Organisation says indicative levy for general insurance distribution is £23m and publishes Plan and Budget for the next financial year as total levy goes up by £87m.
Getsafe partners with Hiscox for UK launch
German MGA Getsafe, which offers digital contents insurance, was established two years ago.
People Moves Round-up: 13-17 January
Keep up to date with the latest market moves.
RSA e-trading director exits
Move comes as RSA restructures its UK business after creating a unified commercial division.
Gefion ordered not to expand its scope of business
The Danish regulator says the unrated provider has “serious liquidity problems” as Gefion says it is in progressed discussions with potential capacity providers.
Beazley launches suite of D&O products
Offering is available for non-US domiciled firms and offers limits of $25m (£19m).
Jon Hancock to exit Lloyd's
Hancock is set to step down in 2020 after three years at the insurance market.
MCL restructures Irish operation amid Brexit uncertainty
Motor broker MCL relocates and registers Irish operation to Swords, Dublin to enable it to continue trading as normal following UK’s EU exit.
Juliet Williams joins Biba
Williams, previously group SME director at Circle Insurance Services, will take on area manager role at the broker trade body.
Former FCA insider develops compliance platform for brokers
Industry veteran Michael Sicsic partners with Governor Software to help brokers and insurers digitalise key compliance processes in a changing regulatory environment.
Banks-owned Somerset Bridge to sell Business Choice Direct
Group had held a 51% stake in Business Choice Direct since it was spun out in 2016.
Bruce Stevenson commits to independence amid M&A interest
CEO Edward Bruce said consolidator interest in the Scottish broker was increasing as it posted ‘record’ turnover for 2019.
Capsicum Re targets further growth following Gallagher takeover deal
Gallagher's UK boss Simon Matson addressed last year's "unfortunate" Gallagher v Ardonagh court case for the first time as he discussed the broker's full acquisition of Capsicum Re alongside CEO Rupert Swallow.
Alan Boswell takes on Marsh Commercial staff
Seven members of staff have joined the Laceby branch from the recently closed Grimsby office.
Ex-Covéa boss Cooter joins InsurTech Quotall
Cooter, who left Covéa in April 2019, said the appointment would allow him to “try something different”.
Former MS Amlin underwriter launches equine MGA
David Ashby Underwriting will service MS Amlin's livestock and bloodstock business as part of the agreement.
XL division absorbs Axa Corporate Solutions and Axa Art
Merger had originally been expected to be completed by the end of 2018.