News
FCA extends use of temporary transitional powers until the end of 2020
Move reflects the extension of Article 50 and guidance remains the same despite the timeline change.
Australia’s PCS Insurance buys Paragon outright for £42m
Co-CEO and founder Tara Falk will join the PSC board upon the deal’s completion.
Allianz appoints commercial lines pricing lead
Claire Buck has been promoted to the position after joining the provider in 2004.
CII launches brokers construction guide amid sector capacity issues
Organisation references Grenfell Tower tragedy as it unveils advice to brokers, including to identify which materials and dangerous substances are used in the building process.
Turnover grows but profits slip for Kelliher in 2018
The company blamed lower profits on a costly office move, as salaries increased and the balance of administrative and broking staff is altered.
Acturis takes trio of brokers from Open GI
The software house now has over 20,000 users.
InsurTech launches LEI business risk protection product
InsurTech Futures: Epoq Legal has made the add-on, which is designed for SMEs, available across the broker market.
Personal Finance Society responds to FCA vulnerability study
Insurance Cares: CEO Keith Richards reminds the market that understanding vulnerability is a long learning process.
ABI hopes Boris Johnson will focus on regulation as PM
Director general of the ABI, Huw Evans hopes that Johnson will implement an orderly Brexit and aid the industry by “improving the competitiveness of our tax and regulatory environment.”
Ex-Ardonagh deputy CEO Janice Deakin: "I need a break from big deals"
Former Ardonagh deputy CEO Janice Deakin has stepped back at the consolidator and vowed that she needs a ‘break’ from big deals having worked on the acquisition of Swinton, but added the idea of acting as a non-executive director at another firm…
InsurTech Futures: Aviva-backed Neos sells 75,000 smart cameras
Home insurance provider will soon be targeting brokers too.
#Insagepeople 22-26 July 2019
Stay up to date with the latest people moves.
Mason Owen buys Business Insurance Services
Liverpool-based company says the broker is its first deal in the insurance sector.
Beazley’s COR worsens to 100% in H1 2019
But provider also reveals 189% pre-tax profit jump as new head of broker relations, Lou Ann Layton, states there is “lots of room for growth in the brokerage community”.
Cobra Network seeks to double in size by 2021
The network boss Andy Tedstone reveals his plans for the newly-acquired business which he insisted will retain independence from PIB.
XL Catlin v Orbit Underwriting court case settled
Case against wholesale broker, which is in administration, related to the misuse of funds.
FCA pledges tough action for vulnerable customers amid consultation launch
Insurance Cares: Watchdog says it will implement measures to ensure consumers are treated fairly.
CEO for Cobra Network revealed
Former boss Steve Burrows is set to remain as a consultant for the firm which recently became part of PIB.
Axa XL partly pulls out of leisure
Insurer to stop working with UK-based coverholder LeisureInsure from 1 August in a move which hits the Irish market.
Ecclesiastical launches risk management modules
The guidance modules will educate brokers on issues facing heritage properties.
GRP buys Lancashire-based 3XD
Broker specialises in household, landlord and learner driver insurance and all staff will remain with the business.
MOJ defends discount rate decision
The government hits back at criticism from the ABI pointing out a rate of between 0-1% was never guaranteed.
The Insurance Age Podcast: 19 July 2019
The Insurance Age editorial team dig into this week's top stories.
NED salaries in the insurance sector revealed
Research shows brokers pay their non-executive directors 18% less than insurers do.