News
Ardonagh silent on partial sale of Direct Group to Davies report
All parties decline to comment.
Sabre investors sell shares worth £116m
Private equity firm BC Partners exits the provider, while founder Angus Ball retains 1.8% of share capital.
Right time for MGB sale, says Charles Manchester
MUM CEO predicts broker will “thrive in a large organisation” as the MGA focuses on underwriting following the deal.
MUM sells MGB Insurance Brokers to Trireme
The firm will sit alongside Oxford Insurance Brokers and James Hampden International.
InsurTech Futures: Lloyd's Lab launches with first cohort
Ten start-ups chosen as Lloyd's opens its doors to the global tech start-up community for the first time in 330 years.
#Insagepeople: 3 - 7 September 2018
Stay up to date with the latest people moves.
RSA opens Luxembourg office
Richard Turner takes up director role as the insurer prepares for Brexit with new EU headquarters.
Vincent Vandendael to leave Lloyd's
Lloyd’s chief commercial officer is moving to Everest Insurance in early 2019.
Podcast: Covéa’s Simon Cooter discusses the top five stories of the week
Cooter shares his thoughts on fraud, consolidation and InsurTech stories.
Quizzical questions: 31 August 2018
Test your knowledge of the week's news with our topical quiz.
Lloyd’s to allow cannabis insurance
The marketplace has told its underwriters they can insure people who produce, distribute and sell marijuana in Canada where the drug is being legalised.
InsurTech Futures: Worry+Peace launches smart directory for brokers
Start-up says platform will offer self-service tools for brokers’ insurance distribution.
Claims management possible Amazon target
Consultancy says Amazon’s capabilities position it best for a claims management role.
Ratings agencies give steady response to Aspen sale
Moody’s and S&P declare no change while AM Best begins a review.
Worcester broker targets acquisitions
Hazelton Mountford is currently working to identify potential buys and seeking brokers with around £3m GWP.
Which? report highlights dual pricing
Survey shows dual pricing in home cover as some long term policyholders pay up to £105 more than new customers.
Fraudsters posing as ABI in claims scam
ABI warns of CMC cold-callers claiming to be from the trade body.
Insurance employee jailed for £129,000 fraud
The man was jailed yesterday for abusing his position at three different insurance companies to fund trips to Disneyland.
THB expands UK wholesale broking operation
Declan Durkan has been promoted to MD of THB Risk Solutions as the group seeks to renew focus on UK retail brokers.
Momentum reveals £4.8m turnover in latest results
MD Howard Pepper says the AR network made "substantial investments" in staff and IT during 2017.
#insagepeople 28 - 31 August 2018
Stay up to date with the latest people moves.
Private equity Apollo lands Aspen for $2.6bn in cash
Deal expected to close in the first half of 2019.
PIB-owned Citynet buys Wrightsure book
The deal, which affects Wrightsure’s London Market non-motor book, takes effect on 1 September.
Podcast: LV's Michael Lawrence on the top five stories of the week
Lawrence joins Insurance Age to discuss this week’s most read stories including Ardonagh, the CII and commissions.