News
People Moves: 4-8 November 2019
Keep up to date with the latest market moves.
Broker Expo: Open GI sets focus on machine learning
Following purchase of machine learning specialist MLP, Open GI CEO Simon Badley outlined the future strategy for both companies.
Top 100 independent brokers for 2019 revealed
Insurance Age surveyed the state of the market and the results and expert analysis from IMAS are now available.
Axa UK reports growth across all business lines
Figures follow an effort to streamline the provider’s operations in the UK and Ireland.
Blog: The dangers of dumbing down
Brokerbility’s Ashwin Mistry considers the dangers of going too far with the simplification of underwriting.
RSA profits increase despite falling premium income
Provider also revealed that it spent £8m restructuring its UK business during Q3.
PRA urges industry to improve disclosure mechanisms
Regulator used a Dear CEO letter to raise concerns about whether staff feel able to speak up about poor practices and unidentified risks within their firms.
XO launches PI offering for freelancers
Company said the product is also suitable for SMEs with turnover below £1.5m.
Least and most profitable scheme lines revealed
Data from SchemeServe has highlighted the best performing schemes in its inaugural Schemes Premium Index.
Orbit Underwriting administration period extended
Administrators hope to add to the £7.43m already raised from the firm.
Biba reveals 700,000 people have used signposting service
Insurance Cares: Signposting service for older customers has been renewed again following its launch more than six years ago.
Burley Group promises growth following Radius deal
Broker has pledged to expand following the fleet and telematics specialist buying a majority stake in the business.
NMU updates cyber product
Product launched earlier this year also now includes cover for court attendance costs, service providers’ extensions and operational error.
Wilby warns customers of fraudulent spoofed calls
Company was unable to confirm how many people were affected.
Commercial tech broker Get Indemnity launches
InsurTech Futures: Founder Simon Taylor previously worked at Willis, QBE and Chubb in senior roles.
CII to auction historical fire marks
Decision follows the body’s move from Aldermanbury and money raised will be donated to charity.
Munich Re Syndicate joins Home & Legacy panel
The provider will underwrite the Prestige Home and Ultra Home product lines.
Profits soar again at Kingsbridge Risk Solutions
Turnover grew 20.4% and profit before tax grew 27.4% at the firm during 2018.
Radius Payment Solutions buys The Burley Group
Deal will give commercial broker, The Burley Group, access to Radius' telematics and fuel cards customers.
Russell Bence joins Blink Intermediary Solutions
Move follows Bence's exit from Brightside in August.
Macbeth makes first ever deal with CMJ Insurance Brokers buy
Move brings the broker's GWP up to £13m.
Sign up to Insurance Day of Giving on 7 November and be among 50 other firms
Insurance Cares: You can still sign up to get involved in the day which comes as regulatory approval is sought for the first new Alzheimer’s Disease treatment in 15 years.
Gravity buys Hagley Insurance Brokers
Deal brings a team of five to the broker.
The Insurance Age Podcast: 1 November 2019
The Insurance Age team unpick the most popular news stories of the week, including the Gallagher/Ardonagh court case.