News
Lloyd’s closes doors amid London Bridge incident
Announcement from the market follows BBC reports of gunfire in the London Bridge area.
Fitch Ratings predicts fall in insurer profitability in 2020
Fitch warns that the FCA's potential ban on dual pricing can lead to "significant strain" as it declares a negative outlook for UK home and motor insurers.
People Moves Round-up: 25-29 November 2019
Keep up to date with the latest market moves.
Brokers must improve client service in cyber, says CFC
Graeme Newman, chief innovation officer at CFC, said cyber risks are "still the same old risk, just presented in a new way".
Quizzical questions: 29 November 2019
Test your knowledge of the week's news with our topical quiz.
Marsh Commercial to cut 14 branches
Branches in the south, north, Wales and Scotland are affected by the move.
Aviva Renewable Energy launches exclusively through UK brokers
Offering is targeting renewable energy companies that operate domestically and abroad.
Markerstudy confirms loan deal with QIC
The organisation was due to pay back a £240m+ loan at the start of December but has reached an agreement to restructure it.
JM Glendinning targets £50m GWP in the next two years
Business has just opened a new office in Blackburn, headed by Towergate recruit Matthew Stuttard.
Markerstudy promises to meet deadline as multi-million loan payment looms
Company must pay more than £108.6m to Qatar Re on 1 December and owes more than £240m in total.
H.W Kaufman seeks to grow in UK MGA space
Business will move forward in the UK under the Burns & Wilcox brand following the Barbican Protect buy.
D&O rate increases hit 77.3%, reports Marsh
Company warned that there is no end in sight to the recent rate hikes in the sector.
Gallagher agrees 100% Capsicum Re ownership deal
The reinsurance broker was founded in 2013 by Grahame Chilton and Rupert Swallow.
MS Amlin restructures and reveals leadership changes
Move follows on from its decision to pull out of nine business lines and sees CEO Beale and chief underwriter Illingworth step down from their current roles.
JM Glendinning takes Stuttard from Towergate to launch north-west base
Stuttard will be based in Blackburn, Lancashire and, in addition to his Towergate role, also worked as regional manager at Swinton.
Blog: Broking risks in a hard and complex market
Marcus Campbell and Graham Briggs of DAC Beachcroft explain how brokers can weather the storm of a hardening market.
Three in five brokers suffer from work-related stress
Research from Ecclesiastical shows that brokers working for national networks are significantly more likely to experience a mental health issue than brokers working for regional and provincial brokers.
Barbican Protect bought by H.W Kaufman
Barbican Protect will rebrand as Burns & Wilcox as part of the deal.
C-Quence and Cytora partner on commercial P&C underwriting
C-Quence will launch its P&C suite in January using Cytora’s property API to connect data such as property and location to each P&C submission.
Specialist Risk Group buys jewellers’ block specialist
Specialist Risk Group, an investment vehicle for Pollen Street Capital, has recently rebranded from Specialist Risk Investments.
CFC unveils cyber risk heat map
Map ranks the severity of different industries’ exposures to business interruption, privacy, and cybercrime and includes a few examples of how these exposures can play out for various types of organisations.
Mike Keating lifts the lid on claims-focused MGA
Qlaims Insurance's chief development officer discusses how the new product can help brokers differentiate themselves and considers the possibility of expanding into personal lines.
Drug-gang ghost broker sentenced
Fraudster sold insurance to an organised crime gang in a move which is thought to have helped them avoid police ANPR checks.
Marsh Commercial argues small business centres will succeed
CEO of the newly-revealed Enterprise Centres of Excellence, Mandy Walton, argues why the Marsh plan will succeed where others have failed.