News
Zurich names Lidster to lead on SME and trading as Edwards exits
Zurich has appointed Nikki Lidster head of SME and trading as Will Edwards leaves to pursue an opportunity outside the insurer.
Surewise buys Lockton Mobility book
Essex-based insurtech Surewise has bought Lockton Mobility’s book of business, a long-standing provider of mobility scooter and wheelchair insurance and warranty cover with over 30 years of experience in the industry.
FCA: Reducing rulebook would lead to boost in international competitiveness
The Financial Conduct Authority believes sharing more information on good practice and its expectations will benefit the industry and help drive better outcomes, according to Graeme Reynolds, director of competition.
JMG Group buys ISO management system specialist
JMG Group’s health and safety and employment law consultancy Lighthouse Risk Services has bought ISO management system specialist HSEQ Smart.
Saga confirms talks with Ageas over insurance “partnership”
Saga has today confirmed it is in discussions with Ageas with “regard to a potential partnership arrangement for its insurance business”.
Onda partners with cyber security firm Panorays
Onda has signed a two-year deal with Panorays to integrate its cyber risk assessment tool into the managing general agent’s platform.
Gallagher promotes Collings to new chief broking officer exec role
Gallagher has promoted Simon Collings to a new executive role, chief broking officer, reporting to Michael Rea, CEO of Gallagher in the UK.
Kingfisher creates new motorsports arm following broker buy
Kingfisher Insurance Services has acquired MIS Motorsport’s commercial business in the UK and Ireland.
RSA launches mid-market D&O product
RSA Insurance has launched Directors’ and Officers’ Protection, aimed at UK domiciled or headquartered companies, large domestic and multinational businesses, private firms with a turnover of over £250m and publicly traded entities.
Ripe inks deal to buy marine specialist GJW Direct from Munich Re Specialty
Ripe has signed up to buy non-commercial marine insurance specialist GJW Direct from Munich Re Specialty, in a deal expected to close in the first half of next year.
Ageas adds to distribution team with double senior hire
Ageas UK has strengthened its broker and partner distribution team with a double appointment.
Prosura strikes second deal in Yorkshire, adding Donald Schofield
Prosura has bought commercial broker Donald Schofield, based in Pontefract – its second purchase since starting to trade at the start of 2023.
Elizabeth Passey appointed FSCS chair
Elizabeth Passey has been appointed chair of the Financial Services Compensation Scheme, taking up the role today succeeding Marshall Bailey.
PIB returns to buying with RS Insurance Brokers
Consolidator PIB has bought Nottingham-based RS Insurance Brokers, adding expertise in fleet and professional indemnity to its portfolio of specialisms.
NBS seals SME capacity deal with Hadron UK
NBS Underwriting has added Hadron UK Insurance to its insurer panel, effective 1 October.
Warburg Pincus and Temasek complete SRG investment
Specialist Risk Group has confirmed the takeover by private equity house Warburg Pincus and Singapore-headquartered investor Temasek has completed after receiving all regulatory approvals.
JMG reaches 40 deals milestone with Confidential Solutions buy
JMG Group has bought London-based Confidential Solutions Group as it racked up its 40th deal since being formed in 2020 when Yorkshire-headquartered JM Glendinning underwent an MBO.
Open GI strikes deal to provide brokers with gen AI chatbots
Open GI has teamed up with artificial intelligence specialists OpenDialog to bring advanced conversational AI agents to its customers, with the aim of creating efficiency gains for brokers by automating customer service interactions.
FCA still undecided on taking GAP-like action over premium finance fair value
The Financial Conduct Authority “remains concerned” over the fair value of premium finance, it has revealed at a press conference after the regulator's annual public meeting yesterday.
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PwC tips Northern Irish motor premium to drop 15% after Government review
Motor insurance premiums for Scottish and Northern Irish drivers have been tipped to decrease by an average of £60 (10%) in Scotland and £90 (15%) in Northern Ireland following a Government review.
Allianz promotes to bolster personal lines broker team
The Allianz personal lines broker business has strengthened its leadership team and promoted Victoria Price to director of broker propositions.
Major Ardonagh acquisition gets the green light from shareholders
Ardonagh has received approval from PSC shareholders to complete the A$2.3bn (£1.21bn) acquisition of the Australian broking business, with the transaction expected to close around 11 October 2024.
Aviva signs capacity deal for Howden scheme
Aviva has agreed to a deal with Howden to provide capacity for the broker’s Bespoke Farm and Estate Scheme, Insurance Age can reveal.