News
Quizzical questions: 11 October 2019
Test your knowledge of the week's news with our topical quiz.
CMC employee jailed for fraud and abuse of position
The individual stole nearly £18,000 from the CMC and attempted to steal approximately £17,000 more.
Cullum-backed Ataraxia expands broker capital options
Following investment from Minority Venture Partners, the organisation is planning to do 75 deals in the next three years.
Car insurance premiums dip in Q3
Research by Willis Towers Watson and Confused.com also shows continuing fluctuations in average premiums.
Acturis unveils first SME cyber add-on product
The provider has added HSB Engineering’s offering to its portfolio.
Lloyd's chairman Bruce Carnegie-Brown joins Cuvva
InsurTech Futures: Carnegie-Brown succeeds Nick Parker, who had been with the start-up broker since it launched.
CII commits to mental health agenda with Inside Out Leadership Charter
Organisation has committed to specific principles involving mental health such as talking about mental health and well being at board meetings at least twice per annum.
Gefion secures €6m recapitalisation deal
The unrated Danish provider has been looking to recapitalise since July when the Danish regulator ordered it not to increase its volumes of business due to its solvency situation.
"Golden age for brokers" as FCA cracks down on dual pricing
Consumer Intelligence CEO Ian Hughes points to opportunities for brokers as the industry deals with the "crack cocaine" of insurance, dual pricing.
Broker Expo: Insurance Age to reveal exclusive research
Insurance Age’s largest broker survey will reveal average commission levels, broker opinion on consolidation and unrated insurers, and brokers' 2020 strategies.
Brokers warn dual pricing debate should not focus solely on price
Experts say the FCA should also consider value and quality of service, after the regulator hinted at a potential ban on dual pricing in its interim report.
David Christmas swaps Bennett Christmas for Broker Insights
InsurTech Futures: Christmas' move to Fraser Edmond's start-up follows Ethos Broking's deal to buy Bennett Christmas Group, as Jon Elstone also joins from Swinton.
Wrisk to partner more with incumbents, says new CEO
InsurTech Futures: Nimeshh Patel, who took over the CEO role from Niall Barton, says the start-up is looking to increase its presence in the UK insurance market.
Revenue rises at Seventeen Group in 2018
Business also reports falling profits due to costs related to acquisitions.
XL Catlin settles law suit against Rural Insurance Group - report
Law360 says breach of contract law suit related to a deal between the two companies in 2014.
Matthew Reed joins SME delegation to Number 11 Downing Street
The Equipsme founder calls on chancellor Sajid Javid and the government to make it easier for small businesses to look after the health and wellbeing of their staff.
People Moves Round-up: 30 September – 4 October 2019
Here are the latest people moves in the market.
PSP Group buys Paul Hicks Insurance Services
Cornwall-based broker brings PSP's GWP up to £20m as business confirms it is looking to make more deals.
FCA denies dragging feet on dual pricing
Christopher Woolard outlined the findings of the regulator’s general market study into pricing and pledged to examine industry impact of the recommendations.
Market warns of "unintended consequences" following FCA dual pricing study
The sector has welcomed further consultation on the proposals which include a potential ban on dual pricing.
GRP hub Greens buys Millards
It is the sixth purchase for Greens since it became a Global Risk Partners hub in 2017.
FCA considers ban on dual pricing practices
Regulator publishes interim findings in its general insurance pricing practices market study and states that the home and motor insurance markets are not working well for customers.
Canopius finalises AmTrust at Lloyd’s merger
Provider says move will create a top-five insurer at Lloyd’s with combined premiums of about £1.8bn, but admits that a small number of people are at risk of redundancy as a result of the deal.
A-Plan spent £9.4m on Jelf's personal lines business
The deal saw business from 26 Jelf branches move across to A-Plan.